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Put the soaring Aussie dollar to good use – five top outsourcing ideas

Put the soaring Aussie dollar to good use – five top outsourcing ideas

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Published by: Crowdsourcing.org on Jan 30, 2012
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05/13/2014

 
Put the soaring Aussie dollar to good use
 five top outsourcing ideas
30 January 2012 , Patrick Stafford
With the dollar now reaching $US1.06c, manufacturing businesses arecontinuing to fret over how much longer they can survive.The sudden spike in the dollar after several weeks of subduedperformance has put several businesses, already stretched thin, on highalert.Even GUD managing director Ian Campbell, whose business isperforming well despite the circumstances, this morning warned SMEsthat labour costs are putting even more pressures on businesses."If you are manufacturing globally traded product in this country andyour direct and indirect labour costs get to 10% of your manufacturedcost, you will go broke."As Australian companies are finding ways to hedge against the dollar,they are spending more time looking how to outsource some of theirtasks
 – 
even GUD imports most of its product now.With the dollar not going down any time soon, here are five ways youcan save more money for your business by outsourcing:
 
 Data hosting
Data hosting is perhaps the most common form of outsourcing thesedays. Plenty of SMEs are now taking all of their data needs and puttingit elsewhere, often overseas, with the ability to continually access thatdata as often as they want.It's always getting cheaper, and the risk of entrusting your data to areputable provider is low. If you can get your head around the legalrequirements, then moving data offshore can save you a pile of cash.
Manufacturing
Admittedly this isn't the easiest thing in the world to set up, but havingcertain products manufactured offshore can be incredibly helpful. Andwith the dollar gaining even more ground there's never been a bettertime.China is a good place to start, but there are plenty of manufacturersthroughout south-east Asia that you may be able to deal with. It'sworked for companies like Kogan and other SMEs
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there's no reason itcan't for others.As GUD head Ian Campbell said this morning, the business importsmost of its product from China, having spent a considerable amount of time and money into finding the best deals.

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