Outsourcing not only provides provides competitive advantages to businesses, but also opens up opportunities for a wider range of people and communities in dynamic economic sectors. Business leaders are beginning to think more about how they can play a more active role in bringing opportunity to underprivileged communities throughout the world.
We've heard of small businesses in the retail industry taking advantage of the craftsmanship and low-cost wages of weavers and jewelry makers in Asian countries. The IT-BPO industry is also doing the same thing, and this is what impact sourcing is all about. So, how do you identify an impact sourcing business?
Because of globalization, businesses now have an interdependent, mutually beneficial, and collaborative relationship with one another. Your business can overcome any challenge that comes along when you're closely connected to healthy economic, social and environmental systems. And, these systems can be found in outsourcing.