Outsourcing

Transatlantic CEOs ganging up against China and India?

The competition is heating up and biting the Europeans and the Americans. Here it seems that these guys are ganging up together! Well.. that will be a little tough because they are the ones – personally – who really have the best use of the outsourcing.. specially to India! Well it would be fairly interesting.

While a consensus eludes on a broader trans-Atlantic cooperation, the companies in the US and Europe think such an agreement will provide a platform to fight China and India, said a survey of CEOs from the two regions.

According to the survey carried out by Roland Berger Strategy Consultants for the German business magazine think:act, the trans-Atlantic cooperation is finding widespread support among Europe’s top managers, but is being met with skepticism in the US.

"While 95 per cent of European decision-makers would like to see a close cooperation of the two economic regions, about 40 per cent CEOs in the US consider such a cooperation unimportant," the survey found.

However, CEOs of both the US and European companies agree that China and India present the greatest competition and extension of trans-Atlantic relations would serve as a strong platform to fight this situation, it added.

The offensive from China and India is high on executives’ lists in Europe (54 per cent) and the US (50 per cent), said the findings of the survey, which would be published in the next issue of the quarterly magazine produced by BurdaYukom Publishing GmbH.

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Desh Kapoor

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