The Philippines: A Top Destination for Outsourcing
The Philippines has emerged as a top destination for business process outsourcing (BPO) due to several factors. Today, the Philippines stands as one of Southeast Asia’s fastest-growing economies. The Philippines has demonstrated resilience and adaptability and in recent times, the country has focused on economic development and fostering international partnerships, enhancing the country’s attractiveness for investment and business opportunities.
Outsourcing to the Philippines presents a compelling opportunity for businesses seeking cost-effective and skilled workforce solutions. The country’s strategic location in Southeast Asia makes it ideal to outsource to the Philippines. With its extensive coastline and proximity to major international shipping routes, the Philippines facilitates seamless connectivity and trade with global markets. Moreover, the Philippines’ favorable time zone positions it strategically for catering to clients across different regions, providing 24/7 support.
One of the key advantages of businesses looking to outsource to the Philippines lies in its demographics. The Philippines has a young and dynamic population exceeding 118 million and a median age of 25.7 years. The country boasts a sizable workforce eager to provide support to the global market and to companies that want to outsource to the Philippines. Also, the wide use of English as one of the official languages facilitates seamless communication and collaboration, ensuring smooth outsourcing operations.
The Philippines has also made significant achievements in governance and economic development. The country’s GDP has experienced steady growth, reaching $991.72 billion in 2022, with a real GDP growth rate of 7.57%. Key sectors such as transportation, construction, and financial services are driving commercial rebound, while electronics exports are recovering from previous slowdowns. Moreover, remittances from overseas Filipino workers (OFWs) play a crucial role in supporting the economy, accounting for a substantial percentage of GDP.
The Philippines offers favorable conditions for businesses looking to outsource, particularly in the realm of telecommunications. The telecom sector remains robust, with strong growth in mobile data and broadband usage. Major investment programs are underway to expand LTE, 5G, and fiber broadband networks, ensuring continued connectivity across the country. Additionally, the government is committed to fostering competition and service excellence in the telecom sector, providing support through legislation and financial incentives.
Outsourcing to the Philippines presents compelling advantages for businesses looking to optimize operations, reduce costs, and tap into a talented workforce. With its resilient economy, skilled labor pool, strategic location, and supportive business environment, the Philippines offers a conducive ecosystem for outsourcing success. Businesses that desire to outsource to the Philippines can access several opportunities to position themselves for sustainable growth and competitive advantage in today’s dynamic market landscape.
Connext builds custom, dedicated outsourced teams across the Philippines. Outsource to Connext today.
LOCATION
Offices in the Philippines
Connext in Angeles
Connext Global Solutions builds, trains, and manages highly functioning custom outsourced teams thus enabling client growth with innovative remote staffing solutions.
Since 2014, the company has provided remote staffing and outsourcing services at its Angeles office located at 8th Floor, Entec 1 Nepo Center. Connext enabled the growth to over 50 clients through highly talented remote staff, white-glove account management, operating facilities, and targeted process improvement.
The company experienced 71% growth in 2021, positioning itself as Leader in Customer Experience Co-sourcing.
Connext in Davao
Connext Global Solutions opened its Davao office last February 25.
Located at the 2nd Floor of HAI Global Building Pryce Business Park, J.P. Laurel Ave., Bajada, Davao City with an approximated 6673.62 sq. ft., the office currently supports several administrative and professional services staff both working from home and onsite.
