News » Philippine BPO industry poised for recovery in 2019

Philippine BPO industry poised for recovery in 2019

Philippine BPO industry poised for recovery in 2019

2019 will see a resurgence for the Philippine business process outsourcing (BPO) sector. The recovery will be largely driven by an increase in wages in the United States, as well as the weaker Philippine peso. According to real estate consultancy firm Leechiu Property Consultants (LPC) such situations are encouraging multinational companies to return to the Southeast Asian country. In its latest survey, the firm noted that companies that diversified away from the Philippines are now starting to reconsider their decisions despite the political risks and once the local business landscape has improved. LPC chief executive David Leechiu said these firms faced difficulty doing business in other places and have realized that it is better in the Philippines. In the last two years some companies have relocated to India, Malaysia, the US, Poland and other parts of Europe.

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Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

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Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

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About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.