Question

besides outsorcing discuss three other stategies local retailers could implement to address labour shortage

Answer 1

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Outsourcing can bring big benefits to your business, but there are significant risks and challenges when negotiating and managing outsourcing relationships. Here, we break down everything you need to know to ensure your IT outsourcing initiatives succeed.

The business case for outsourcing varies by situation, but the benefits of outsourcing often include one or more of the following:

• lower costs (due to economies of scale or lower labor rates)
• increased efficiency
• variable capacity
• increased focus on strategy/core competencies
• access to skills or resources
• increased flexibility to meet changing business and commercial conditions
• accelerated time to market
• lower ongoing investment in internal infrastructure
• access to innovation, intellectual property, and thought leadership
• possible cash influx resulting from transfer of assets to the new provider