The Evolution of Offshoring: How the Philippines Became the Go-To Destination for Foreign Businesses
Offshoring in the Philippines has emerged as a pivotal strategy for businesses seeking to streamline operations, cut costs, and gain a competitive edge. This strategic move involves relocating certain business functions to countries where operational costs are lower while maintaining, or even enhancing, the quality of services provided. At the forefront of this trend is the Philippines, a nation that has successfully established itself as the go-to destination for offshoring, particularly for American companies expanding abroad.