In light of the intensity of competition on a global scale, the majority of businesses have been preoccupied with the process of revising a large number of operational matters and strategies to be able to cope with the effects of the pandemic. This article evaluated the efficacy of outsourcing as a management and production strategy. Outsourcing not only assists businesses in overcoming productivity challenges by providing unlimited opportunities in the COVID-19 era, but it also assists businesses in streamlining operations by adding additional resources and value that may have been lacking in-house.
- Businesses in the modern era are faced with a variety of challenges, including rapidly shifting regulatory environments and ongoing technological advancements.
- Outsourcing provides an additional source of financial stability.
- Outsourcing gives companies easy access to the most talented workers in their industry.