Even before the global economic downturn, many organizations had already begun re-examining their offshore outsourcing strategies. Some companies are cutting back spending on their outsourced operations, while others are expanding their offshore operations in Asia. Given the companies’ different take on outsourcing and current market conditions, it is crucial for offshore service providers to know which industry or sector they should focus on for business expansion or acquisition of new accounts.

News abounds on the effects of the U.S. recession to the offshore community. Some reports say that the number of work to be outsourced this year is likely to fall, while others believe the recession would only fuel a company’s need to outsource to bring down cost.