N. R. Narayana Murthy Quotes

Businesses are no longer receiving the cost savings from outsourcing that they once did.

Outsourcing is inevitable, and I don't think it's necessarily treating people like things.

Low-wage jobs have gone offshore. We need to innovate to stay competitive.

Will the industry outsource more? I think it depends on the client base.

Digitally enabled supply chains initially increased efficiency and dramatically shortened lead times. Capital was mobile; labor, less so. Economic activity (production, research, design, etc.) moved to any accessible country or region that had relatively inexpensive labor and human capital.

Western companies want access to Indian talent. That is why they outsource; that is why they come to India to set up base.

When American workers are losing their jobs to people in other countries, Washington cannot afford to ignore this disturbing trend any longer. While Democratic presidential candidates want to just blame U.S. corporations, the reality is that their strategy won't help protect American workers or save their jobs.

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it.

Yet in this global economy, no jobs are safe. High-speed Internet connections and low-cost, skilled labor overseas are an explosive combination.

The United States and Arizona are both losing jobs to offshore locations.

The bottom line is there are lots of problems that were not created by government. The biggest one is loss of middle class incomes, loss of good-paying jobs which was created by technology and globalization. Above all, when you can move a job to China or India, it reduces wages.

And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.

When 'designed in Europe' is combined with 'made in China' and when European technologies are applied to the Chinese market, there will be amazing results.

Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.

In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.

When I was starting, there were wool mills in the U.S. that could make you anything. The U.S. used to produce the most beautiful cotton denim in the world. Now all that is gone.

India is still considered a preferred destination for many multinationals to manufacture cost-competitive high-technology products for domestic consumption as well as for global demand.

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.

In the case of Apple, they did originally do production internally, but then along came unbelievably good outsourced manufacturing from companies like Foxconn. We don't have that in the rocket business. There's no Foxconn in the rocket business.

Every day more Americans watch their jobs being shipped overseas.

I invite you to leverage Serbia because we have talented young professionals who are multilingual, highly educated, and willing to work for competitive wages.

The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles.

What the global delivery model allows is, it allows you to take previously geographically core-located tasks, break them up into parts, send them around the world where the expertise and the cost structure exists, and then specify the means for reintegrating them.

There are companies that are cutting their costs by over 50% by offshoring.