Outsourcing and offshoring are popular business strategies that can save companies money and improve efficiency. In this article, we will examine some of the top companies that outsource and what we can learn from them.
Nike is not only the largest distributor of footwear, apparel, and sports equipment but also has a long history of outsourcing. Nike began by outsourcing its production to countries like the Philippines where they would fabricate shoes for distribution around North America and beyond – this started out with just one product type: sneakers! Nowadays you can find all sorts of Nike gear being produced in countries like Vietnam, China and India.
Nike has been able to maintain its competitive advantage by constantly innovating and adapting to the changing needs of its consumers. They have also found ways to streamline their production process so that they can produce high-quality products at a lower cost.
Meta has only expanded to the Philippines in 2016. The firm hires outsourced teams, which work as customer support providers and IT technicians for Facebook’s global operations HQ based out of California (US). They employ Content Moderators who use their talents to delete dark or offensive material from circulating around social media, specifically Facebook and Instagram – where the majority of time is spent doing moderation duty.
The Acer executives knew they had a winning strategy. While branding and marketing were their expertise, they outsourced everything else that was harder for them, like manufacturing–and this led the way to faster-growing sales with gains in market share! The company now has 6,800 employees who represent less than 10% of their largest competitor’s workforce which means more efficiency without sacrificing quality or customer service excellence.
Flexible operations mean being able to reallocate resources where needed most while maintaining leanness by focusing on key strengths and outsourcing the rest to more capable providers.
In 2005, Unilever Europe’s leadership team made a strategic decision to integrate the company’s multiple business units into one and create an ERP system across 24 countries. Not being specialists in IT solutions themselves they outsourced this task which has saved them more than € 700 million on operational activities each year as improvements were implemented by external parties with deep experience in developing systems like these.
Proctor & Gamble
The challenges of the fast-changing market have led companies like Proctor & Gamble to outsource some research and development activities. This was a risky decision, but it turned into one that paid off big time! By outsourcing R&D they were able to increase their innovation productivity by 60% which generated over $10 billion from new products alone–and this number doesn’t account for all other benefits such as cost savings or better quality control because P&G does not just rely entirely on internal teams either; instead, there are also external collaborations involved in boosting product diversity
Outsourcing certain business tasks can be incredibly beneficial for companies of all sizes. By taking a look at some of the top companies that outsource, we can learn what to do—and what not to do—when it comes time to make the decision to outsource ourselves. If you’re interested in learning more about outsourcing and how it can benefit your company, book a call with our team today. We would be happy to discuss the options available to you and help you find the best solution for your unique needs.