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And companies are becoming increasingly concerned that offshoring services may do longer-term damage.The best argument for locating activities overseas nowadays is to be close to fast-growing new markets, and it will only become stronger.
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The Cabinet Office's recently published guidance about offshoring IT services acknowledges two of our major concerns.
Hornbeck Offshore Services will replace Cimarex in the S.& P. SmallCap 600.
Founded in 1977, it is the world's fourth biggest provider of offshore services.
Mossack Fonseca is the world's fourth biggest provider of offshore services.
Hornbeck Offshore Services, an initial public offering of 6 million shares.
The UK mainland has 20% and the US 21% of offshore services.
Offshore is fundamentally about being an elsewhere zone of escape – and offshore services are provided for non-residents.
Russians who now use Cyprus will open bank accounts elsewhere but might stick around for other offshore services, he said.
"Infosys continues to benefit from the positive demand environment for offshore services," said S.D. Shibulal, head of worldwide customer delivery.
For example, type in "offshoresecrets.com" and enter a world promising "fast, safe, private and affordable offshore services".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com