china – ningbo
China is a vital consideration in any global sourcing strategy.
Akin to the emergence of the Internet itself, China is an inevitable force to be reckoned with for non-Chinese businesses and destinations. It is a historic rebirth and economic evolution on a scale that has implications not only for providers but also national economies that benefit from manufacturing and services outsourcing revenues.
Our view is that China is better-situated than many commentators describe with the positioning and momentum to move forward faster than some have predicted. We see a “when not if” philosophy in evidence – as the opportunity for China to grow its sourcing activity grows more apparent.
We see a supportive government and an energy toward business growth that bodes well for the sector. We consider the issue of English language literacy to be a near-term drawback, but not a medium-to-longer term deal-breaker, as some would suggest.
We see a particular disposition toward the growth of the ITO and F&A sectors – that lends itself to creating the potential of a price-war in the medium term that can only be good for consumers, but less so perhaps for providers. But near-term, there is a particularly strong opportunity for businesses looking to scale up efficiently in regards to data handling and data processing, reporting functions.
Notwithstanding even a significant downturn in the US economic cycle, we anticipate significant growth in this field and the benefits this will generate for the Chinese sourcing sector.
Contact us for further information or to discuss your China strategy.
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