SOURCE: Avasant

February 08, 2010 16:10 ET

Avasant Hosts Global Event Marking the Era of "Transboundary Sourcing Innovation"

LOS ANGELES, CA--(Marketwire - February 8, 2010) - Michael F. Corbett, chairman of the International Association of Outsourcing Professionals (IAOP) and Kevin S. Parikh, CEO & Senior Partner of Avasant, hosted an IAOP event last week on sourcing innovation in the global economy. According to Michael Corbett, "We're coming off a year of tremendous pressure and the outsourcing industry is at an inflection point entering into the next decade. With increased competition globally, outsourcing will experience significant growth in new and emerging locations as traditional boundaries are erased." Said Kevin Parikh, "Sourcing innovation in the global economy will proceed without borders as innovation will not just come from 'developed countries,' but increasingly from previously unexplored sourcing destinations such as Africa. We are finding today's developing nations are following India's example using the 'intellect of people' to drive both economic growth and to achieve political stability."

One of the key presentations on "Transboundary Sourcing Innovation" was delivered by Dr. Anil K. Gupta, who is widely regarded as one of the world's leading experts on strategy and globalization (Professor Gupta is the INSEAD Chaired Professor of Strategy and the author of over seventy papers and four books -- the latest "Getting China and India Right" as published by Jossey-Bass/John Wiley in February 2009). Additional innovation insight and a unique industry perspective was provided by Ed Altman, who recently joined GlobalLogic as head of their Digital Media practice after a distinguished career in the Media & Entertainment Industry with TCS, MGM (where he served as Chief Information Officer), Twentieth Century Fox and Paramount Pictures.

"Some of the strategic implications for Multi National Companies are for them to become 'hard-core' about every one of the big emerging markets now, not five years from now," said Professor Gupta. "One has to build a multi-track strategy, act with speed, and maintain dominance in the developed markets." Ultimately, Professor Gupta's presentation focused on how tomorrow's winning organizations will globalize the corporate mindset.

Ed Altman's presentation titled "Digital Media: Content Companies Best Friend AND Worst Nightmare" focused more on what the future holds within the wide-ranging scope of digital media. "Legacy profit dollars from analog and physical businesses such as DVD's, CD's, and printed newspapers are declining," said Altman. "In contrast to the digital profit pennies from digital businesses such as Music and Mobile Media will continue to grow."

This event, which took place on February 3, 2010, in Newport Beach, California, marked the inaugural launch of the IAOP's Transboundary Sourcing Innovation Topical Chapter and the re-launch of the IAOP's Southern California Geographic Chapter. With more than 100,000 members and affiliates worldwide, IAOP is leading the effort to transform how global business is optimized through outsourcing. IAOP provides opportunities for outsourcing customers, providers, advisors/academia and government/non-profit organizations to collaboratively raise the level of discourse, continuing education, advocacy and professionalism related to conducting business globally.

ABOUT IAOP

The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 100,000 members and affiliates worldwide (customer, advisor and provider members), IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit www.IAOP.org.

ABOUT AVASANT

Avasant (formerly Stradling Global Sourcing) is a next generation sourcing advisory services firm concentrating on tailor-made solutions for organizations already in sourcing contracts for the delivery of IT or business and knowledge process services, and for those organizations who are considering the global sourcing marketplace to meet their strategic business needs.

Our team of sourcing experts has extensive experience in helping both commercial and governmental organizations keep pace with rapidly changing requirements through the strategic use of sourcing. At the heart of our process is aligning a sourcing strategy with enterprise objectives, executing a rigorous transaction while managing relationships to meet stated goals. Avasant has built speed of response and flexibility into an industry-honed process designed to differentiate itself from other sourcing advisors whose leverage standard solutions that may not address the custom needs of all clients in a dynamic marketplace.

Contact Information

  • For further information please contact:

    Shevy Magen
    Global Vice President of Business Development
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