Coding was a huge bottleneck in my bottom dollar offshore contractor infested company, the point where it would have been faster for me to solo projects than work managing a team of them.

so actually it sounds like coder management was the bottleneck, not coding itself.

Sure, management is always the bottleneck then. But somehow more coding productivity allowed us peons to outpace bad management and ultimately change their shitty strategy from India to Eastern Europe. Laundered through Accenture, wipro, et al still of course.