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Report Outsourcing Contracts Rose in 2006

January 22, 2007
Outsourcing: Outsourcing is on the rise, even though companies are reluctant to sign high-dollar contracts that extend for years, according to a market report by consulting firm TPI of the Woodlands, Texas. The 350 outsourcing contracts awarded globally to service providers in 2006 set a record, and is 3 percent higher than in 2005. However, TPI said the average annual value of 2006 contracts fell nearly 7 percent, potentially reflecting tighter times ahead for outsourcing providers.