A global system where businesses delegate tasks—from manufacturing to IT services—to external providers, often across borders, to cut costs and boost efficiency. Companies access specialized talent without overhead, while developing nations gain jobs and investment. Freelancers, startups, and multinationals all benefit from this flexible, scalable model reshaping modern commerce.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends