Offshoring – Threats and Opportunities

A year ago, I have discussed the strategies of multinational EPCM companies to remain competitive. This practice is still going strong. It is now becoming a threat local jobs in the first world countries. In the book "On Career Transition" published by IEEE, George F. McClure stated reasons why this trend is happening. Lower labor costs and less stringent regulation make offshoring attractive to companies. The practice of offshoring is threatening local employments in the first world countries. More jobs are lost, unemployment is on the rise.

Offshoring, however, creates good opportunities for third world countries like the Philippines. Offshoring helps creates jobs in these countries.

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About the Author

Ver Pangonilo

A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) – Australia and Professional Electrical Engineer (PEE) – Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).

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