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Outsourcing: Overview, How It Works, Example

By Frank BassUpdated Sep 12, 2025 at 2:28 PM | Fact-checked by Robin Hartill, CFP

Key Points

  • In 2024, global outsourcing contracts reached $41.6 billion, with IT making up 75%.
  • Outsourcing advantages include cost savings, efficiency gains, and access to expertise.
  • Nike exemplifies outsourcing's scale and issues like dependency and overseas controversies.

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