Organizations Want to Transform the Way They Manage Supplier Relationships and Data | Market Insights™
March 20, 2023
Supplier Relationships
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A new operating model mooted last year by the outgoing chief executive of Tata Consultancy Services (TCS), Rajesh Gopinathan, may have caused “unrest” among some employees of the country’s largest software services exporter, several sources in the company and industry experts told ET.
“Under the new structure, it is hard to find who is in charge in some instances with too many cooks in the kitchen. This is quite unlike the normal TCS interactions, which are usually disciplined and on target,” said Peter Bendor Samuel, CEO of Everest Group, adding that given the recent streak of good performance by TCS, it is, however, hard to say if the restructure caused a significant performance drag.
Everest Group Partner, Rohitashwa Aggarwal, will moderate an expert panel at the ABSL (The Association of Business Service Leaders) European forum. The panel will discuss the external forces driving growth and influencing the business services sector in Europe. Discussion points will cover a broad range of factors on Geopolitics, Data, Technology and Innovation, Talent, and ESG.
The ABSL European Forum is ABSL DACH’s flagship event. Over 150 high-level participants from the Business Services sector across Europe, VIPs/politicians, and others will join the event. The event will be held in Berlin this year.
ABSL DACH is the first independent not-for-profit association representing business services organizations headquartered in Germany, Austria, and Switzerland. Everest Group is proud to be a strategic partner for ABSL DACH.
Humboldt Carré, Berlin, Germany
By working together, employers, training institutions, the government, and other stakeholders can create a sustainable and inclusive impact-sourcing movement in India that empowers the rural population and drives overall social transformation.
Everest Group, in partnership with the Clinton Global Initiative (CGI), has pledged to increase the impact sourcing workforce across the globe. Through our Commitment to Action proposal, the firm provides a platform for impact sourcing stakeholders to connect and access our research on the global impact sourcing market.
On March 10, banking regulators in the US took control of the Silicon Valley Bank (SVB), which typically catered to start-ups, venture capitalists, and tech firms, after it suffered a sudden collapse. The Joe Biden administration moved in quickly with the Federal Reserve, the US Treasury Department, and the Federal Deposit Insurance Corporation (FDIC) deciding to guarantee all deposits at SVB.
A number of industry stakeholders said while the immediate impact would be minimal because of the bailout, the change in sentiment may have some dampening effect on the entire tech industry for a while. Peter Bendor-Samuel, CEO at Everest Group, told The Hindu that given that the US was guaranteeing all deposits, the direct impact on the industry and Indian firms, “is likely to be modest.”
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