Grant Thornton: 60% of China mainland businesses still reluctant to outsource

According to the latest Grant Thornton International Business Report 2014 (IBR), 37% of China mainland businesses currently use outsourcing providers or plan to, while 63% have no plans to outsource any business processes in the near future. Although outsourcing can provide cost savings and process efficiencies, many business leaders are worried about losing control of their business processes.

The research reveals that China mainland businesses cite losing control of business processes as the major obstacle to outsourcing, taking percentage of 38% among all barrier factors; 29% of businesses lack plans to outsource, suggesting the issue is not on their strategic agenda; meanwhile, high cost of outsourcing and redundant labour resources are also concerned by businesses, taking up 16% and 13% respectively.

For more information please read the full article,or download the full report here.

For more Grant Thronton International Business Report please visit IBR section.