The Philippines slipped in this year’s list of outsourcing destinations by global strategic firm Tholons, Inc.. From last year’s fifth spot, the country is now ranked sixth in the Tholons Global Innovation Index 2020 (formerly known as the Tholons Services Globalization Index).
India topped this year’s list, followed by the United States (2nd), Brazil (3rd), Canada (4th), and the United Kingdom (5th). Rounding the top 10 were Russia (7th), Mexico (8th), Vietnam (9th), and Singapore (10th).
The index also features the top 100 “super cities” of which only two from the Philippines made the list: Manila (fourth place from last year’s second) and Cebu City (15th place from 12th). Davao City fell out of the rankings after holding the 95th spot last year.
Tholons’ yearly index ranks the most attractive outsourcing destinations based on indicators that are grouped into five factors: talent, skills and quality; business catalyst; cost and infrastructure; risk and quality of life; and digital and innovation.