KPMG has increased its capacity to offer offshoring capacity to the US market by beefing up its Jamaican operation, says a report in the Jamaica Observer.
You could of course argue – with some success – that an auditing and accounting business like this has always been in the outsourcing field, but it appears the increase in headcount and new premises for KPMG Jamaica, backed by a partnership with KPMG US, is going to propel the organization further into full-blown shared services hub.
Jamaica has for some time been building itself up as a location for the shared services and BPO industries. Tax regimes have been tightened up so that the country itself benefits further from economic activity in it compared to how it used to be; regulations have improved and education for young people means that a stronger and more qualified workforce is entering into the market.
This plus the air of co-operation rather than overt competition that exists among the Caribbean islands leads to a lot of advantages for the nearby USA – although as reported yesterday, Latin America is also positioning itself as a natural partner to its giant neighbour.