Philippine outsourcing firms targeting Japan and Europe job markets

The Philippines is on the move to increase its presence in the outsourcing field. It is now reaching out to markets in Japan and Europe.

Why the two countries on opposite ends of the world and timezones?

Japan has been viewed an outsourcing partner of the Philippines for more than 10 years in the running. Despite technological advances, its services potential have yet to be fully tapped. Add to that, its rising cost of IT services and the shortage of skilled engineers have been driving business, particularly software services to other outsourcing destinations.

Europe on the other hand has just started treading into the outsourcing waters and has found it quite welcoming. Income is pegged to be at $64 billion by the end of this year, with an annual 15% growth. This growth is spurred by the pressing need among European companies to cut costs, thus resulting in the migration of the processing of backroom services to other outsourcing targets.

With the inviting growth potential offered by Japan and Europe, the Philippine government invested in two trade missions: the Software Development Expo & Conference (SODEC) in Tokyo and OutsourceWorld. This was revealed by the government’s trade and promotion arm - the Center for International Trade Expositions and Mission (CITEM).

CITEM goes on to say that the Philippine delegation will explore other possible markets: Stockholm, Sweden, Amsterdam, Netherlands, and Helsinki in Finland.

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