Outsourcing helps sustain Cebu’s retail boom – Colliers
Outsourcing and offshoring companies have helped sustain Cebu’s retail boom according to Colliers International Philippines. The establishment of more knowledge process outsourcing (KPO) firms in Cebu City complemented the retail sector’s growth, Colliers claimed. It noted that the influx of these companies boosted the share of KPO employees in Cebu’s outsourcing workforce to nearly 30 percent in 2015 from only 10 percent in 2008. And the projected 10 percent annual growth of Cebu’s outsourcing workforce is seen to support the expansion of the city’s consumer base. Meanwhile, manufacturing and export firms located inside Mactan Export Processing Zone have also been instrumental in propelling Cebu’s retail industry.
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