SOURCE: Avasant

December 17, 2010 09:00 ET

Avasant CEO Addresses World Bank on BPO and Globalization

WASHINGTON, DC--(Marketwire - December 17, 2010) - On December 8, 2010, Avasant Global CEO, Kevin S. Parikh, addressed World Bank executives on how global sourcing is becoming the dominant instrument for globalization.

Today, the scope of Offshoring has expanded to include more specialized and expert tasks. Consumer products and Retail companies are outsourcing functions such as accounting, marketing, design and R&D. Legal firms are off-shoring litigation and patent research. The insurance and investment industries are off-shoring analysis and actuarial functions. This trend towards the globalization of "Services" has significant implications for both developing countries and developed nations.

Among the key drivers for globalization addressed by Mr. Parikh:

  • ICT Infrastructure is required in order to integrate countries into the global economy.
    • High Network/Bandwidth Communications
    • Telecommunication Access
    • Availability of Tier 4 Data Centers
  • Skilled Human Capital is required for attracting MNC investment.
    • Training/University Support
    • Pool of available and skilled candidates
  • Business and Technology Parks are required to deliver reliable services. 
    • Office Parks
    • Technology Parks
    • Power Availability and Reliability
  • Government incentives and partnership with business can attract businesses to globalize.
    • eGovernance
    • Financial Incentives
    • Favorable Regulatory Policies
    • Creation of Economic Zones

About Avasant
Avasant is a next generation management consultancy with internationally recognized expertise in both sourcing and globalization solutions. Avasant has been ranked as the No. 1 BPO Advisor in the world and a Top 10 full services advisory firm in 2009 according to the Black Book of Outsourcing (as published by the Wall Street Journal). Avasant also is recognized amongst the IAOP's World's Best Advisors. Avasant's experts have extensive experience in helping both commercial and governmental organizations keep pace with rapidly changing requirements through the use of strategic sourcing and global market expansion. For more information about sourcing advisory services or globalization consulting services, visit: http://www.avasant.com.

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