Even more 'Booming'

This is really a companion piece to the previous post...

American and European companies plan to increase the amount of goods and services they source from low cost countries (LCC), including India and China, by 85 per cent within the two to three years, resulting in an average savings of 22 per cent to original equipment manufacturers (OEMs).

According to a study by global management consulting and technology services firm Accenture, India, however, stands second to China among the LCCs but ahead of Mexico, Argentina, Thailand and certain Asia-Pacific nations,.

The study, based on a survey of 238 companies in the US and Europe, also found that 50 per cent of companies that do not currently source goods and services from LCCs - including China, Latin America and Eastern Europe - would begin sourcing in the next two to three years, the study said.
Hmmmm, I hear Wal-Mart is hiring...


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