May 17, 2020

U.S. Offshore Outsourcing trend continues

Commerce Department
Jobs
multinational corporations
offsh
Freddie Pierce
2 min
U.S. multinational corporations cut 2.9 million domestic jobs last decade while increasing offshore outsourced work
THEY TOOK OUR JERBSSS!!! OK, if that first sentence meant nothing to you, make sure to check out the above YouTube clip from the hit television show S...

THEY TOOK OUR JERBSSS!!!

OK, if that first sentence meant nothing to you, make sure to check out the above YouTube clip from the hit television show South Park. What does this South Park clip have to do with supply chains, you’re wondering?

According to a report in the Wall Street Journal, new data from the U.S. Commerce Department shows that multinational corporations in the United States trimmed their domestic workforce by nearly three million jobs during the last decade.

Where are all the jobs going? According to the Commerce Department, they’re moving overseas in a massive offshore outsourcing fad. Of the 2.9 million jobs lost over the past decade domestically, the same multinational corporations have increased their overseas workforce by 2.4 million.

This offshore outsourcing trend doesn’t look to be slowing down, either. U.S. multinational corporations employed 21.1 million people in the United States last year and 10.3 million people outside the country in 2009, and that number figures to increase as more and more jobs are outsourced as large U.S. multinational corporations continue to look for ways to trim the budget.

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The current outsourcing trend from the U.S. multinational corporations is a stark contrast from the trends in the late 1990s, when the same multinational corporations were focused on creating more domestic jobs rather than outsourcing overseas.

According to the chart seen here (http://thinkprogress.org/wp-content/uploads/2011/04/wherejobs.jpg), the U.S. has cut domestic jobs in almost every year from 2001-2009. Over the same time frame, offshore outsourced jobs from these multinational U.S. corporations grew in each year, save for a slight decrease from 2008 to 2009.

Therein lies the hope for domestic U.S. workers who are looking for work. The curve from the chart looks to show that the offshore outsourcing fad is fading, and could start a downhill trend over the next decade.
If that’s not the case, domestic U.S. workers will have to stick to a familiar mantra.

THEY TOOK OUR JERBSSS!!!

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Jul 30, 2021

The Ultimate Procurement & Supply Chain Event

Procurement
Supplychain
live
event
3 min
Take a look at our agenda for Procurement & Supply Chain Live, where innovation meets implementation, coming to you live from London

From September 28th-30th, network with C-level executives, gain insight from industry pioneers and walk away with actionable insights that accelerate your career. By the end of the week, we promise you’ll have the skills to solve the world’s most pressing supply chain and procurement challenges. 

The three-day show is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats. Whether you attend virtually or in person, you’ll strategise how to cope with global disruption, learn from industry leaders, and walk away with tips, tactics, and tangible connections. 

 

How to Attend

 

In a COVID-disrupted era, we know that the majority of people would rather avoid travelling for events─why take the risk, right? In response to the continued disruption, BizClik Media Group has decided that Procurement & Supply Chain LIVE will offer the best of both worlds through hybrid accessibility. 

That means you and your peers can attend the event in person or virtually ─ with no disadvantages for people who choose not to make the trip to the Tobacco Dock venue. 

 

In-Person

 

Procurement & Supply Chain LIVE will be held at the Tobacco Dock in London, an industry-leading venue that is renowned for delivering world-class events. For attendees’ peace of mind, the venue is working to the government-endorsed AEV All Secure Framework, alongside mia’s AIM Secure and ‘Good to Go’ accreditation, they will ensure that we achieve a COVID-secure environment to facilitate all of your networking needs. 

 

Virtually

 

Our physical venue is both historic and stunning, but it has no bearing on the information that you and your peers can gain from the event. You can still absorb it all, interact with other attendees, and enjoy the conference experience on your alternative, virtual platform. 

The platform will feature live feeds from all of the stages, as well as virtual networking areas. So, if you want to avoid travel, it’s not a problem! You can still get involved and enjoy the entire experience from the comfort of your own home. 


 

What’s on the agenda?

 

With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, Procurement & Supply Chain 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Across the three-day event, a number of relevant topics and trends surrounding procurement and supply chain will be discussed. 

 

  • Tuesday 28 September - Digital supply chain
  • Procurement strategy (11:30 am)
  • Supply chain leaders forum (12:00 pm)
  • Women in supply chain (14:00 pm)
  • Procurement technology (14:30 pm) 
  • Wednesday 29 September - Procurement consulting
  • Sustainability (11:30 am) 
  • Supply chain management (12:00 pm) 
  • Digitalisation (14:00 pm)
  • Risk & Resilience (14:30 pm)
  • Thursday 30 September - APAC sessions (04:00 am)


 

Influential executives from around the world will give their insights and professional experiences surrounding these topics, allowing you and your company to leave with valuable information. 

The past year has shown how important supply chains are and the importance of managing them correctly. With increasing digitalisation across all industries, you won’t want to miss out on our great speakers and information surrounding this topic. Preparing your company for the future is key, and we are sure you will gain great insights at our three-day event. 

Order now to make the most of our early-bird offer. Ticket prices increase over 50% soon! For tickets and information, head over to our event site.

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