The year 2020 left its mark on the world via wildfires, mass social just protests, hurricanes, and, of course, the worst pandemic the world has seen in 100 years. The world unemployment rate is on the rise, and the IMF is signaling this may be the end to a decade of economic expansion. With the risk of a global recession looming, millions out of work, and hundreds of millions more under lockdown or on restrictive orders, you may be wondering if there’s any industry untouched.
While Covid-19 has left its mark on literally every sector, there are a few industries that were ahead of the curve. Notably, tech companies leveraging nearshore outsourcing were least affected by the pandemic. C-19 rapidly accelerated digital transformation and left companies scrambling to accommodate to a remote work environment with the right tools like videoconferencing, chat tools, file sharing, and security protocols like VPNs.
Companies ahead of the curve were those already using a distributed work model or partnering with nearshore developers since they already had the protocols, communication channels, and infrastructure in place to operate remotely. Here’s a closer look at how these tech companies stayed afloat during the pandemic:
Nearshore Talent Kept Them Operational
Tech companies around the world reacted to the pandemic by shutting their doors. They halted projects, paused hiring, and took a minute to regroup and plan their next move. Meanwhile, tech companies that were already using a distributed model for their engineering team suffered the least disruption because they had already embraced the processes and tools needed to be efficient at remote work. What had been used for a fraction of the team members could now be used for all of them.
However, not all companies leveraging remote contract teams, be it nearshore, offshore, or freelancers, had made the jump to a distributed model. The companies that used remote developers as external, independent project teams that were not integrated with their in-house, office-based engineering teams were not necessarily prepared for a world where everyone worked remotely. Many companies ground operations to a halt to and implemented hiring freezes. Many more had to scramble to acquire laptops and purchase new software that kept them operational.
Still, within those companies that had been leveraging nearshore or offshore teams in a distributed model that included their in-house teams, the ones using nearshore were affected the least because of the possibility of continuing to have real-time collaboration during regular work hours was not affected. They continued communicating as usual and likely asked their nearshore partners to pick up a few more projects while the rest of their workforce adjusted to the new norm. The corporate machine kept moving, projects progressed, deliverables turned up on time, deadlines were met, and products shipped. They simply kept doing what they were already doing thanks to the partnerships they already had in place.
Nearshore Partnerships Improve Their Bottom Line
There’s no question that the Covid-19 pandemic brought about a once-in-a-generation threat to the global population and global economy. While it’s not the first pandemic to take the world by storm, it is the first one governments have fought so hard to mitigate. Lockdowns, travel bans, workplace sanitation, and social distancing requirements effectively crippled the world economy to stop the spread of C-19.
Yet, companies with an already existing remote workforce tend to be fairing far better. For them, there was no rush to transform their workforce into a well oiled work-from-home machine. They already had one.
Tech companies using nearshore talent to supplement their staff likely saved money, too. Nearshore developers speak their language, share similar customs, and are often considerably less expensive than their local counterparts. They also don’t have to pay extra for the overhead of an office to support them. Not only were they still operational, but they saved money by partnering with a nearshore team.
Nearshore Developers Extended Their Reach
As the world economy looks for creative solutions to the unique challenges brought forth by the pandemic, it’s more important than ever to think and act globally. The right nearshore partner enables you to embrace globalization and enter new markets. If you’re working with developers with different backgrounds, it’s much easier to roll out products that fit local needs and global needs.
For starters, international developers can roll your product out with multiple languages so you can easily market to different countries. They also likely have international connections that can prove invaluable when attempting to enter a new market. The right nearshore development company will serve not just as a vendor but as an advisor and trusted partner.
Nearshore development providers are immensely different than your run of the mill staffing agencies or outsourced augmentation services. With the latter, you may find a handful of decent developers to scale up your team, but it’s like finding a needle in a haystack. With a full-fledged multinational nearshore partner, you get immediate access to high-caliber developers and institutional knowledge you can’t find anywhere else.
Mexico is ripe for nearshore partnerships with its highly educated workforce, large pool of software engineers, high english proficiency, adjacent time zones, and matching cultural affinity to the United States. If you’re looking for high-quality service, agile development, and a cost-effective solution to curbing the effects of the pandemic, then finding a nearshore partner is an essential next step.
Are you ready to get started? Reach out to our team at Scio to start a conversation.