There are many good reasons why businesses are drawn to international outsourcing. It is a strategy which can help achieve greater efficiencies, reduce operating costs and enable businesses to refocus on their core activities and strengths. It can also provide the extra flexibility needed to respond to changing market trends, business models and developments in technology. For all those reasons the volume of outsourcing activities has risen even more in response to the current challenging economic conditions.
Despite the pros to outsourcing, businesses choosing to outsource need to be aware that doing so carries the risk of a dispute. In fact, current trends show that international outsourcing arrangements are particularly susceptible to such risk. There are, however, ways in which businesses deciding to outsource can prepare themselves for such an eventuality.
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