Nearshoring in Central and Eastern Europe: Strategic Opportunities for Global CompaniesIn a recent article published by FINANCE magazine, our founding partner Dietmar Kusch shares his perspective on why nearshoring to Central and Eastern Europe (CEE) has become a long-term strategic decision for many international companies.Key insights from the article: Rising costs and risk in Asia: Increased production and logistics costs, along with growing geopolitical uncertainties, are prompting companies to reevaluate their global value chain and supply chain structure. Advantages of the CEE region: Proximity to key markets, access to highly skilled labor, economic stability, and EU integration make countries like …
Shared Service Center – Rising cost pressure and drive for automation
Shared Service Center – Rising cost pressure and drive for automationShared Service Center established themselves as a valuable growth opportunity for multinational companies by reducing personnel expenses as well as embracing standardization and harmonization within complex global company structures. However, the Covid-19-pandemic, rising costs due to high inflation rates and more advanced automation solutions shuffled the playing field and its environmental conditions. For instance, home office demands have become common practice for Shared Service Center (SSC) in Central and Eastern European (CEE) countries.Poland stands out as the largest player for SSC in CEE commanding a 69% market share, with high …