Insight Report 7 minutes PremiumSearch for Cost Cuts Could Prompt a Surge in Outsourcing amid Coronavirus Crisis Coresight Research April 22, 2020 What's InsideThe negative impacts of the coronavirus pandemic are being felt by retailers around the world and have already provided lessons for the future. In response to the crisis, we expect more companies to outsource key business functions to better manage their costs and minimize risk in a downturn economy. We discuss the key benefits to retailers of implementing an outsourcing strategy—particularly during an economic crisis—such as creating flexibility in companies’ cost bases. We also consider the different business functions that can be outsourced, as well as the benefits that companies could achieve by adopting new technologies. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to TheftEssentials Resilient While Select Discretionary Categories Experience Downturn: China Consumer Survey InsightsJune 2023 Leading Indicators of US Retail Sales: Total Gains To Be in the Low Single Digits Due to Flat Disposable Income GrowthFewer Consumers Adjust Shopping Behavior To Cope with Inflation: US Consumer Survey Insights 2023, Week 37