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CBI Sees Growing Pressure to Off-Shore
01 Jan 2005
The results of a MORI survey, undertaken in October for the CBI, indicate that companies are under growing pressure to relocate parts of their business overseas. The CBI argues that the benefits of offshoring outweigh the drawbacks, saying the process will increase productivity, profitability and economic growth.
Digby Jones, CBI DirectorGeneral, said: "Off-shoring is now part-and-parcel of doing business in the global economy. Make no mistake, this is a survival issue.
Anyone who believes that firms have a great deal of choice are naive."
There is no sign of the trend reversing, with 87% of respondents expressing satisfaction with the off-shoring experience.
www.cbi.org.uk
