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⍰ ASK Why do companies go offshore?

Companies go offshore for a variety of reasons, including:

  1. Cost savings: Offshoring can result in significant cost savings on labor, taxes, and other operating expenses.
  2. Access to specialized skills: Offshoring allows companies to tap into a larger pool of talent and access specialized skills and expertise that may not be available in their home country.
  3. Improved efficiency: Offshoring can help companies streamline operations, reduce waste, and improve overall efficiency and performance.
  4. Time-to-market advantage: Offshoring can speed up the development and deployment of new products and services, giving companies a competitive advantage in fast-moving markets.
  5. Access to new markets: Offshoring can provide companies with access to new markets, allowing them to reach a wider customer base and expand their business.
  6. Increased flexibility: Offshoring can provide companies with greater flexibility to adjust to changing market conditions and respond to new opportunities.
 

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