Outsourcing: Onshore, Nearshore, or Offshore? 3910

Originally Published MX November/December 2005

BUSINESS PLANNING & TECHNOLOGY DEVELOPMENT

In today's global market, New Mexico and New Delhi can both be viable candidates for medtech outsourcing.

Steve Halasey

In the medical device industry, outsourcing company operations is frequently an executive's best business strategy. Those who have adopted the strategy agree that it can often improve a company's productivity, reduce product development time, and cut overall costs—all important achievements in today's competitive medtech marketplace.

Keeping some operations close to home has certain advantages. But medtech company leaders are increasingly choosing to outsource activities to locations all around the globe. The decision faced by such executives is not whether to outsource, but where to outsource. This article looks at some of the regional options available to medtech executives who have already determined that their companies should outsource certain functions.

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