What To Do Financially In Response To Market Volatility And Global Uncertainty

With everything going on in the world right now, there is a feeling of general unease blanketing our nation. While I cannot speak to the politics of foreign governments, I can mourn for the lives lost in the current struggles and share my thoughts on how I see the markets reacting.

“It’s different this time.”

These are the words overheard every time there is a market correction, and they are both true and false.

True: the world events and news du jour precipitating each market correction creates a unique blend of circumstances.

But false: the responses to and best practices during and after a correction are not different this time. The fundamentals are unchanged. Regardless of the news headlines, all investors are still either buyers, holders, or sellers. The only thing different during today’s market correction versus prior periods of volatility is that we are each older than we were the last time this happened, so we may be at different stages of our financial lives.

The strategies and advice for this period of volatility are the same as the last time. If you are a buyer (adding to accounts regularly), stay the course and try to take advantage of the volatility. If you are a holder (neither adding to nor withdrawing from accounts), make sure you have no expected need for invested capital for the next five years and sit tight.

If you are a seller (withdrawing from accounts regularly), make sure you have short-term and intermediate-term accounts which are positioned conservatively and allow your other longer-term accounts to stay fully invested.

We have been through tough markets before, and we’ll go through them again. The most important lesson we can learn from the past is to not repeat the same mistakes. Investors who took advantage of being buyers or resisted change as holders or sellers made out beautifully by staying put. Those investors who were positioned inappropriately or who were positioned responsibly but reacted emotionally suffered significant financial damage.

Don’t just do something, sit there.

That’s not a misprint. Sometimes the best advice is to do nothing–to not react to the news cycle day-to-day. Invariably, this is another opportunity to take that advice. If your portfolio is structured well, it should be able to withstand whatever comes our way. Take a deep breath and remember that this is a marathon, not a sprint, and do nothing.

We’re coming out of a two-year global pandemic with a recovering supply chain and pent-up consumer demand. The Russian actions in Ukraine are reprehensible and may impact energy prices and delay the economic recovery from the pandemic, but like all news stories this one will be the daily headline until it isn’t, and it will be replaced by something which feels “different this time” soon thereafter.

The lesson:

You can take the time to emotionally react to the news of the world, but I would advise you never to act emotionally regarding financial decisions.

If you do not feel your portfolio is structured to withstand market corrections, this may be a good time to speak with your financial advisor or to get a second opinion from a different one.

I have been in the financial planning and wealth management industry since 1994, and launched a firm in Maryland in 2003. My passion is helping

Source: What To Do Financially In Response To Market Volatility And Global Uncertainty



  • The world became a very uncertain place in the last week, which means more risk in many aspects of our lives, especially markets.
  • For the last decade or so, markets seemed to only go up; since the pandemic, risk became a bigger issue.
  • Volatile investors expect markets to be over the next 3 months based on options prices.

The world became a very uncertain place in the last week. This means more risk in many aspects of our lives, especially markets. For the last decade or so, markets seemed to only go up, but since the pandemic, risk became a bigger issue.

The figure below is the 3-month implied volatility from the S&P 500; it shows how volatile investors expect markets to be over the next 3 months based on options prices. We see a big increase in the early days of the pandemic, before settling into a higher range.

Global Uncertainty

Between uncertainty around Fed policy and events in Europe, we can expect even more volatility going forward. Many households came out of the pandemic with more wealth than before, and this fueled the recovery. But if markets stay so volatile, their 401(K)s will take a hit and people will start to feel much less secure.

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Investments Impacted By The Russian-Ukrainian Conflict

Emerging Market Sovereign Debt Needs ESG Scrutiny

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How To Deal With Covid Uncertainty and The Rise of Omicron

At the start of the pandemic, practically everything was unknown: How did the coronavirus spread? Why does it affect people differently? How long would we need to social distance? When might we have a vaccine? While some questions were answered just as quickly, a new crop of uncertainties emerged throughout 2020 and 2021.

Though the widespread vaccine rollout in the US seemed to provide a reprieve from the worst of pandemic life, the progress was in many ways short-lived. Now, after nearly two years of fear, grief, and day-to-day pandemic turmoil — canceled plans, delayed weddings, missed milestones — the emergence of the omicron variant throws another wrench into what we hoped would finally be post-pandemic life.

Once again, we’re being told to wait and see: Wait for research on how infectious omicron is, how serious infections with the variant are, how the vaccines stand against it, and whether we should alter our risk calculus. This informational purgatory makes it difficult to make plans, from returning to office settings to planning holiday gatherings and winter travel.

All this uncertainty is inherently stressful, research shows. The human brain doesn’t cope well with uncertainty and defaults to anxiety in the face of a potential threat. Instead, we much prefer routines and feeling in control. It’s no surprise that a pandemic, which has destroyed any semblance of routine and personal control, has wreaked havoc on mental health.

According to an August 2021 survey by the American Psychological Association, 63 percent of respondents said uncertainty over what the next few months will bring is a source of stress; half said the pandemic has made planning for their future feel impossible.

If you can feel the latest strain of uncertainty gnawing away at your mental health and well-being, here are some constructive ways to cope with the ongoing precariousness of our present moment.

Acknowledge what you’ve lost

Everyone, whether they’ve lost a loved one to the virus or not, has experienced a loss during the pandemic: loss of a job, of community, of a routine, of a milestone celebration. Pauline Boss, author of The Myth of Closure: Ambiguous Loss in a Time of Pandemic and Change and professor emeritus at the University of Minnesota, coined the term “ambiguous loss” to describe this experience — the departure of something more amorphous than a relationship or a life. “Not everyone has had a death,” Boss says, “but everyone has lost something.”

To help cope with the anger or depression you may feel as the pandemic continues to disrupt travel or holiday plans, Boss says to be explicit with yourself about what you’ve already lost. Even if you’ve been lucky enough not to lose a loved one, your losses are still painful and meaningful. Naming the loss helps ground your emotions and move on. “When we’ve given ourselves appropriate time to mourn those losses, then can we look at that point of loss and see what’s on the other side,” says clinical psychologist Jenny Wang.

Make plans, but stay flexible

Since day one of this crisis, being nimble and adjusting to changing guidelines on the fly has been integral to coping with the pandemic. This flexibility is still key, perhaps even more so when your patience has run thin and psychological exhaustion is high from nearly two years of changing circumstances. Right now, you should still make future plans (research shows having something to look forward to improves mood) while listening to the latest public health recommendations and being prepared to change course if that guidance shifts.

“You may have to be more flexible with your plans and gatherings, which might limit options,” says Allison Chase, the clinical director of Pathlight Mood and Anxiety Center. “Limited options are better than no options when trying to connect with others or take a vacation. It might not be exactly what friends or families may have hoped for; however, this is where it is important to pause and be grateful for what you are able to do.”

Taking a day-by-day approach may feel antithetical when it comes to plans, but given the uncertain nature of the present, “we have to live for the day we have in front of us,” Boss says.

Lean on your networks

It’s admittedly a bummer to make plans you’re excited about, only to have to cancel or postpone them. However, if there’s a takeaway from last year’s lockdowns, it’s that loneliness is terrible for our mental health. Take advantage of being vaccinated and having access to vaccines, and make an effort to connect with your communities. Networks can be an anchor in yet another unmooring time.

Even making plans to FaceTime, call, or text a friend if you don’t feel safe meeting in person is beneficial. “It’s easy in this time to want to retreat and hide away — and that might be restorative for you, and if that’s the case, great,” Wang says. “Community support is key, and being intentional and deliberate about finding that support is really important.”

Avoid thinking about the worst

While Wang says dreaming up worst-case scenarios can help us plan and problem-solve for the future, it’s possible to over-rely on this type of thinking and get stuck in a perpetual loop of catastrophizing. As a result, you might end up wracked with anxiety, and instead of working toward a solution, you’re immobilized by fear.

Boss suggests countering catastrophizing with “both/and” thinking, which provides space to acknowledge two seemingly conflicting ideas; instead of “We’re surely going back into lockdown and it will be the worst,” try “I hate the unpredictability of this pandemic, and I will get through it.”

Rather than wondering “What if the worst happens?” Wang recommends asking “What is my current reality?” If that reality involves the sense that the New Year’s Eve party you’ve been looking forward to might not happen as planned, you can acknowledge your frustrations at having to change course. Then, focus on a workable solution, given the circumstances and limitations, Wang says. This might involve hosting a belated, outdoors New Year’s celebration on a sunny day.

Focus on what’s in your control

One way to increase tolerance of uncertainty and ambiguity, Boss says, is to make a concentrated effort to relinquish control. Implementing public health policies that would bring case numbers down might not be something you personally can do, but you still have authority over your own life, from how you fill your spare time to how you react to the latest news.

Bread baking earned meme status early in quarantine, and with good reason: It’s a hobby that allows people to be in direct control of the outcome, Boss says. Aside from baking, activities like knitting, doing puzzles, or playing games can replicate this feeling of control on a small scale or via a project you can successfully see through from beginning to end.

If and when the world does throw another curveball, our reactions will be practically the only thing we can control, Wang says. “It’s kind of like when you’re flying and everybody’s flights have been canceled, and some people approach the flight person in a fit of rage while other people are very adaptable and are understanding,” she says.

“Where do you want to fall in terms of where you show up in the midst of that change?” It’s okay to be upset, but once your initial emotional reaction has subsided, try to make a conscious effort to take action and make decisions from a place of patience and flexibility versus a place of resistance and denial.

Find a glimmer of hope

For most of 2020, Covid-19 vaccines remained a point of optimism; once we were all vaccinated, the thinking went, life could go back to “normal.” Now that reality has shown otherwise, it may be difficult to muster up another ounce of hope. But even in moments of despair, we need to have aspirations, Wang says.

Whether you find that in your faith, your relationships, or a meaningful pursuit you want to take on post-pandemic, you need something to help you make it through the next day. Even something as simple as sharing what you’re grateful for at the end of each day has been shown to improve happiness. “We’re talking a lot about existential questions here,” Wang says. “We can only do our best to listen to ourselves and to really be attuned to what it is that we need in order to keep taking that next one step forward.”

Know the brain isn’t good at handling uncertainty — use that to your advantage

To be in a state of prolonged uncertainty is extremely stressful, Boss says. But rather than seeing our brains’ natural reaction to uncertainty as an obstacle, try to take it as “something that can get us out of routines that we may have held for decades or years — and that’s not always bad,” Boss says. “It will lead to change.”

This change can come in the form of how you approach even the mundane moments in life, Wang says. The current unpredictability is a stark reminder of how fleeting life can be, she says. “What can we do to even just be aware and notice and cherish the very simplistic moments of our days? How can I make this life one that is meaningful, that offers slices of joy and that provides a sense of relief in the midst of how heavy it’s been to live within the pandemic?

Source: How to deal with Covid uncertainty and the rise of omicron – Vox


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Facebook Slows Sales Growth With Apple’s Privacy Policy

Apple warned that sales growth slowed in the last quarter Of a corporation. App privacy rules continue to create uncertainty for social media companies. Facebook’s ad sales, a major source of revenue, slowed growth in the first quarter since Apple began demanding apps to ask users if they wanted to be tracked in April. This change makes it harder for advertisers to target their ads to the right audience and get information about their performance.

Facebook also announced on Monday that it will change its reporting structure to split a unit called “Facebook Reality Labs” that contains augmented reality and virtual reality products and services. This move separates the unit’s results from its core business segment, which includes its flagship Facebook platform and other apps such as Instagram. The company said its investment in Facebook Reality Labs is expected to reduce overall operating profit in 2021 by about $ 10 billion.

Revenues in the third quarter reached $ 29.01 billion, up 35% from the year-ago quarter, but below the $ 29.56 billion expected by FactSet polled analysts. This is the smallest increase since the fourth quarter of last year, well below the 52% in the first half of this year.

Advertising revenue fell slightly from the second quarter, including the largest complex market segments, the United States and Canada. European sales also declined from the previous quarter.

Facebook warned in its July earnings report that changes in privacy for Apple’s iOS operating system could compromise ad targeting capabilities in the third quarter as more people update their iPhones and iPads.Last week’s snap Ltd

Apple’s policy has accused stock prices of falling by more than 20% as earnings growth is expected to slow this quarter.

Facebook’s third-quarter earnings were up 17% to $ 9.19 billion, or $ 3.22 per share. According to the company, the number of monthly users was 3.58 billion, an increase of 12% over the previous year.

Facebook’s share price rose more than 3% in after-hours trading on Monday after the end of a regular session. The company’s stock fell 5% last week after Snap reported an advertising issue related to Apple’s changes.

Michael Nathanson, an analyst at Moffett Nathanson, said: Social media companies start a busy week of earnings for tech giants. After the bell on Tuesday, Apple and Amazon.com will report quarterly results. Ltd

Numbers scheduled for Thursday. All are expected to achieve healthy top-line growth year-over-year as they continue to embrace the digital products and services offered by consumers and businesses.

According to Jeffreys analysts, global supply chain disruptions were expected to slow Facebook’s sales growth as vendors with limited inventories cut advertising costs. Still, the investment firm said digital advertising is powerful and new advertising products from Facebook’s Instagram service will be up and running to provide a new source of revenue.

Facebook said it expects revenue to grow from $ 31.5 billion to $ 34 billion this quarter, reflecting factors such as “Apple’s iOS 14 changes continue to headwind.”

Parents of Facebook, Instagram and WhatsApp have also tackled other challenges. This includes scrutiny of strict regulations in Washington and criticism of the company’s operations by its own supervisory board following a series of Wall Street Journal investigations called Facebook files.

Share your thoughts

What do you think about the current state of Facebook’s business? Join the conversation below.

Last week, UK competition regulators fined Facebook £ 50.5 million ($ 69.6 million worth) for violating reporting requirements while reviewing a proposal to acquire Giphy, an online provider of animated images. Facebook has separately agreed to pay a monetary penalty as part of its settlement with the US government. It accused social media companies of illegally booking lucrative jobs for migrant workers sponsored for permanent residence, instead of looking for and considering available US workers.

Facebook CEO Mark Zuckerberg has recently promoted his vision for the Metaverse. It is loosely defined as a broad future online world where people exist and interact in a shared virtual space through digital avatars. He recently described the Metaverse as the next generation of the Internet and the next chapter in his company. Facebook said last week it plans to create 10,000 jobs in Europe over the next five years to work on Metaverse-related efforts.

Zuckerberg emphasized the message in the company’s earnings report. “I’m particularly excited about the roadmap that helps build creators, commerce and the Metaverse,” he said. Facebook said it expects to increase its investment over the next few years. The company added that next year’s costs will be as much as $ 97 billion for technical staff, product staff, and infrastructure-related costs.

Sarah E. Needleman

By: Sarah E. Needleman

Source: Facebook slows sales growth with Apple’s privacy policy – Texas News Today


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Is Patient Financing Right for Your Health Practice?

In these times of post-pandemic financial uncertainty, additional return on investment for medical providers is more welcome than ever. Patient financing — which for the purposes of this article means partnering with an external lender to provide service and procedure payments — can produce not just steady income for a practice, but help ensure that patients won’t have to put off procedures or, worse yet, abandon them altogether.

For example, Toronto Plastic Surgeons provides this facility to its patients through Medicard Patient Financing. There are also veterinary financing services for pets available through Medicard Patient Financing. What are some reasons practitioners might have employed in deciding upon this option?

No More Delays

There are, unfortunately, economic disparities when it comes to accessing healthcare services. Too often, the high-income and privileged have more access to healthcare resources than the medium- and low-income populations. Patient financing can help in reducing this imbalance, because the simple and daunting truth is that many medical problems don’t come announced, and it’s often impossible to plan for their associated expenses. With financing, patients don’t need to wait to get their accounts in order before opting for procedures — the result is, ideally, prompt and less stressful treatment.

Related: Fintech fuelling growth in Healthcare Financial Industry

Increased Patient Satisfaction

Since clients can often better manage their expenses via patient financing, they tend to be more satisfied on the whole. In part this is because they are not stressed and burdened with sudden financial decisions associated with urgent medical procedures. Better yet, they are more likely to stay loyal to a practice if they don’t have to worry as much. Compared to other practices that don’t offer this option, they are more likely to choose the former, which can mean increased business through word of mouth.

Reduced Collection Costs

When you partner with a patient financer, you receive payments on time. It also means that your team won’t spend needless hours and energy trying to collect payments.

Steady Cash Flow and Less Bad Debt

In setting up a conventional payment plan for a patient, your team is taking the responsibility of keeping tabs on payments and collecting them on time. It’s essentially extending a loan to a patient, typically without any interest. However, expenses like bills, payroll and lease/rent go on as usual. This can lead to tied up in , which will easily and quickly impact a budget. But when you opt for association with a patient financing company, the latter bears the cost of collections, including giving you the option of getting payment upfront.

Related: Healthcare is in Turmoil, But Technology Can Save Businesses Billions

Better Marketing

Association with a financing company with its own marketing arm can help promote a business — making your clinic stand out in comparison to competitors.

Which to Choose?

When it comes to financing models, three predominate. In the first, Self-Funding, you as the healthcare provider are responsible for receivables. From creating a payment schedule to collecting funds to following up with the patient, your team carries out all the tasks. In the Recourse Lending model, you work with a patient financier/lender, which will approve a patient’s loan after the business/practice passes qualifying criteria.

If the patient doesn’t pay, the lending/financing company will recover the losses from you. Among the drawbacks here is that the practice will have to bear the losses and lender’s fees. Lastly, there is the Non-Recourse Lending model. Similar to the second, you work with a lending company. Key differences are that it is the patient who has to pass the underwriting criteria (if the lender doesn’t approve the patient, no funding is provided by them), and that losses are borne by the lender. One disadvantage of this method is that the lenders charge interest from patients; when rates are high, patients might not be interested. Also, patients with a weak credit history might be rejected during the underwriting evaluation.

By : Chris Porteous / Entrepreneur Leadership Network Contributor – High Performance Growth Marketer

Source: Is Patient Financing Right for Your Health Practice?



Publicly funded healthcare is a form of health care financing designed to meet the cost of all or most healthcare needs from a publicly managed fund. Usually this is under some form of democratic accountability, the right of access to which are set down in rules applying to the whole population contributing to the fund or receiving benefits from it.

The fund may be a not-for-profit trust that pays out for healthcare according to common rules established by the members or by some other democratic form. In some countries, the fund is controlled directly by the government or by an agency of the government for the benefit of the entire population. That distinguishes it from other forms of private medical insurance, the rights of access to which are subject to contractual obligations between an insured person (or their sponsor) and an insurance company, which seeks to make a profit by managing the flow of funds between funders and providers of health care services.

When taxation is the primary means of financing health care and sometimes with compulsory insurance, all eligible people receive the same level of cover regardless of their financial circumstances or risk factors.

Most developed countries have partially or fully publicly funded health systems. Most western industrial countries have a system of social insurance based on the principle of social solidarity that covers eligible people from bearing the direct burden of most health care expenditure, funded by taxation during their working life.

Among countries with significant public funding of healthcare there are many different approaches to the funding and provision of medical services. Systems may be funded from general government revenues (as in Canada, United Kingdom, Brazil and India) or through a government social security system (as in Australia, France, Belgium, Japan and Germany) with a separate budget and hypothecated taxes or contributions.

The proportion of the cost of care covered also differs: in Canada, all hospital care is paid for by the government, while in Japan, patients must pay 10 to 30% of the cost of a hospital stay. Services provided by public systems vary. For example, the Belgian government pays the bulk of the fees for dental and eye care, while the Australian government covers eye care but not dental care.

Publicly funded medicine may be administered and provided by the government, as in the Nordic countries, Portugal, Spain, and Italy; in some systems, though, medicine is publicly funded but most hospital providers are private entities, as in Canada. The organization providing public health insurance is not necessarily a public administration, and its budget may be isolated from the main state budget. Some systems do not provide universal healthcare or restrict coverage to public health facilities. Some countries, such as Germany, have multiple public insurance organizations linked by a common legal framework. Some, such as the Netherlands and Switzerland, allow private for-profit insurers to participate.

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Break The Five Most Common Outsourcing Reform Myths

Break the five most common outsourcing reform myths

With 41 days to comply with the new regulation on Outsourcing, which comes into force on July 24, five myths prevail among Mexican companies. The new regulatory framework applies to companies of all sizes, however, SMEs are under more pressure because they do not have great internal support or consulting firms to carry out this transition.

In addition to the rush to comply with the new regulations, it must be taken into account that there is some confusion about the functions that can continue to be contracted through outsourcing. For SMEs, companies from 10 to 200 or 300 employees, internalizing the functions that were traditionally handled in outsourcing is complex and represents a challenge. Automation and support are key to successfully undergo this transformation and avoid the associated fines.

To dispel the main myths that exist regarding the new regulation, Business Republic organized a webinar to offer real facts and advice for the new regulation. At the event, Carlos Marina COO of Worky , Lorena Atondo and Gabriel Fernández, both from Reynoso & Atondo, Abogados, SC, agreed that this situation is significant, since it impacts more than 4.7 million workers, 17% of the formal jobs in the country.

And it is that urban myths and fake news abound that cause uncertainty and concern among clients and prospects, Carlos Marina warned.

The myths:

  1. “I can continue with my current outsourcing scheme, since the authority does not have the resources to detect it.”
  2. “I can avoid the new regulations by passing my collaborators to schemes of incorporation into the tax regime, fees, cooperatives or unions.”
  3. “We can pay a minimal amount in cash and the rest of the compensation can be handled through bonuses, commissions and vouchers.”
  4. “I don’t worry about the compensation schemes of the past, as there are no retroactive effects.”
  5. “The internalization of the payroll is too expensive, I better risk possible fines”

Each of these statements are not only false but risky. The specialists clarified that the new regulations are designed to improve the conditions of the workers and that in that spirit, the authority has organized itself to avoid precisely any act of simulation. At this juncture, solution providers have emerged that seem miraculous, but in reality only expose the company and its human capital to unnecessary risks.


“My advice to all employers is to take preventive measures to comply in a timely manner and to focus on the positive aspects that the internalization of staff brings in terms of employee satisfaction, loyalty, and company productivity,” commented Lorenia Atondo .

For his part, Gabriel Fernández, added that the sanctions are structured to promote broader compliance, since they range from 178,000 pesos to more than 4 million and even criminal sanctions are contemplated. It states, “The authority has full visibility of these myths and others, and is organized to detect and punish through mechanisms of collaboration between institutions and information exchange.”

The internalization of workers represents a change of capital dimensions for companies that currently depend on outsourcing for the management of their human resources. “For small and medium-sized companies, which do not have specialized departments or the support of consultants and law firms, this transition becomes even more delicate,” commented Marina, highlighting that Worky is dedicated precisely to companies with 20 and up to 200 employees for whom offers support throughout the internalization process with a 100% Mexican management platform designed to be affordable and relevant for this segment.

Hanz Dieter Schietekat, CEO of Business Republic and who moderated the event, ended the session by urging attendees to act promptly. “I hope it has become very clear that compliance with the new outsourcing standard is imminent and mandatory. Remember that if a solution sounds too good to be true, it probably is. With less than a month and a half remaining for compliance, it is imperative to have the right tools and advice. ”


Source: Break the five most common outsourcing reform myths



Outsourcing is an agreement in which one company contracts a service bureau to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.

The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. The concept, which The Economist says has “made its presence felt since the time of the Second World War”,often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call centre support).

The practice of handing over control of public services to private enterprises, even if on a short-term limited basis,[7] may also be described as “outsourcing”.

Outsourcing includes both foreign and domestic contracting,and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country).

Offshoring and outsourcing are not mutually inclusive: there can be one without the other. They can be intertwined (offshore outsourcing), and can be individually or jointly, partially or completely reversed,involving terms such as reshoring, inshoring, and insourcing.

  • Offshoring is moving the work to a distant country. If the distant workplace is a foreign subsidiary/owned by the company, then the offshore operation is a captive, sometimes referred to as in-house offshore.
  • Offshore outsourcing is the practice of hiring an external organization to perform some business functions (“Outsourcing”) in a far-off country other than the one where the products or services are actually performed, developed or manufactured (“Offshore”).
  • Insourcing entails bringing processes handled by third-party firms in-house, and is sometimes accomplished via vertical integration.
  • Nearshoring refers to outsource to a nearby country.
  • Farmshoring refers to outsourcing to companies in more rural locations within the same country.
  • Homeshoring (also known as Homesourcing) is a form of IT-enabled “transfer of service industry employment from offices to home-based … with appropriate telephone and Internet facilities”.[16][17] These telecommuting positions may be customer-facing or back-office,and the workers may be employees or independent contractors.
  • In-housing refers to hiring employees.
  • An Intermediary is when a business provides a contract service to another organization while contracting out that same service.

See also

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