Localization, by its very nature, is a global business. The globalized language service company offers several distinct advantages outside of production efficiency. The globalized language service company also has the opportunity to offset domestic revenues with foreign revenues helping to diversify portfolios and create stability regardless of market fluctuations.
Technology has continuously transformed language services. The future capacity of companies and individuals to win business and influence the industry depends on having a technological advantage. Locations with hubs of impactful and popular language technologies will attract better talent, create more jobs, and enjoy economic development more than others.