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The rising popularity of outsourcing in Germany

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In 2006 the phantom of the financial crisis appeared for the first time on the surface, when some bad speculations on the US real estate market emerged. In 2007 the first banks announced losses and depreciations of billions. Till this time nobody was really worried, but when the well-known investment bank Lehmann Brothers registered insolvency in September 2008, the day became part of world’s history, the so called “Black Monday” at the Wall Street. At the end of 2008 Germany is already standing at the edge of a recession and the financial crisis is affecting the real economy. Results of these events are fear for investment, short-time work, increasing unemployment rates, insolvencies and order losses.

But besides these future fears, uncertainties and stand stills, one could already see some light stripes on the horizon – Outsourcing. So far often treated as a taboo word, new discussions and considerations towards this topic are arising at the end of 2008 and at the beginning of 2009.

So it was no wonder when the international market research institution EITO (http://www.eito.com/) announced a strong increase for the demand of outsourcing for the year 2009. For the German market it forecasted a growth in revenue for IT and Business-Process Outsourcing of about 7.2% to an amount of € 14.6 billion. Cause of the difficult economic situation at that time, even these companies started thinking of outsourcing who faced this topic till now rather skeptical. (more…)

‘Europeans lost in an Indian festival’

“You want to have a look how !?!

Bridgie - Flower Carpet2Beautiful decorations, festoons of flowers, chains of lights in every imaginable colour, sales signs nearly everywhere … – Kerala, especially Kochi seems to wake up out of a long winter sleep.

As I am a German, the current course of action reminds me of Christmas season in Europe. People either silently or in huge excitement are awaiting a special, high-spirited time, they are going crazy (more…)