gE Blog Series: What's on Top? Part 4 - Top Ten Countries for Offshoring

To increase productivity and save large amounts of money on labor costs, many companies are either setting up outposts overseas or contracting third parties in other countries to do some of their work for them. This trend is known to most as offshoring, and while it continues to grow, many predict that we haven't seen the worst of it.

Many of the tags and labels we read on our clothes, gadgets, and basically anything else you can think of, read "made in ___". While this blank is usually filled with China or India research has shown that this blank is going to be filled with some other names that haven't been noted yet. Many countries are emerging as top competition for cheap production and labor costs that have businesses looking for the next new place to offshore.

A recent Forbes article showcases this new trend in offshoring and has a slide show showing the top 10 countries that your goods are going to start being made in. There are many factors that went into the ratings and the main categories were cost, people skills and availability, and business environment. Among the list are the Czech Republic and Singapore. Check the article out to see where the other countries rate and what their strengths and weaknesses are.