In the past couple of years, Global Business Services (GBS) have experienced strong growth in the retail and Consumer Product Goods (CPG) space, with both new GBS setups and expansion of existing ones. GBS centers are currently supporting their enterprises in several critical aspects of service delivery, with a few centers having evolved to become strategic partners for their parent firms.
However, the past few months were particularly challenging for retail and CPG firms in the light of the COVID-19 outbreak, which hit the sector with both demand- and supply-side shocks. At the same time, this situation has been a blessing in disguise for many GBS centers, which have showcased their capability to quickly adapt to new and more agile operating models.
As these GBS centers look to increase their support to enterprises, it is important to understand the GBS market landscape to identify opportunity areas, keeping in mind the potential implications of COVID-19.
The report is based on Everest Group’s ongoing interactions with retail and CPG parent enterprise and GBS stakeholders, our proprietary GBS database (the industry’s most comprehensive database on GBS centers), and our experience in providing thought leadership in the global sourcing space.
The report will be relevant for a broad set of stakeholders interested in understanding the global delivery of services from retail and CPG GBS firms at offshore/nearshore locations, including parent organizations, GBS organizations, industry influencers (e.g., investors and industry bodies), and others.
This report is divided into three key sections: