Global Sourcing – The Opportunity

The Opportunity In a flatter world, Companies are considering global sourcing as a key option to deliver superior business outcomes. The drivers usually are a combination of the following:
  1. Accessing the relevant global talent pool – scale, skill, and cost; like, Data, Cloud, Digital, RPA, etc.
  2. Decreasing Cost of Operations
  3. Reducing Cost of Compliance to heightened regulations.
  4. Leveraging Time zone advantages – US night shift, overnight processes / reporting
  5. Encouraging a fertile, innovation (eg: access to the ecosystem for innovation etc.)
  6. Data driven and highly productive technology and back-office operations which work seamlessly with the frontline.
Companies embarking upon the journey of global sourcing are faced with multipole challenges while navigating through this journey.