New research confirms that the current risk-mitigating trend in the third-party arena will continue this year. Indeed, eighty-five percent of supply chain managers expect that their outsourcing budget will increase by more than 5% in 2020, according to Gartner, Inc., with a sizeable portion of that aimed at choosing multiple third-party-logistics (3PL) partners.

IT outsourcing was surprisingly small in 2019. The contraction (a word with an ominous sound to it) was not in terms of global market size. In fact, the market remained strong and is predicted to remain so. Procurement intelligence firm Beroe Inc., for example, forecasts that the IT outsourcing market will see an annual growth rate of 6% until 2022.

With the beginning of a new year, countless businesses are reevaluating their strategies and their general operational approach. While some of these businesses will elect to make some minor tweaks and adjustments in-house, others will decide to outsource many of their operations and turn to specialized experts.