THE HOME OF THE GLOBAL SOURCING STANDARD
With the current realisation of threats such as Covid 19, this report covers physical as well as cyber security potential threats.
'The nation-wide lockdown imposed to stop the spread of the coronavirus pandemic may prove to be too expensive for the economy.
Reuters reports: "Goldman Sachs expects India's economy to shrink 45% on an annualised basis in the quarter to the end of June, and by 5% in the whole of the 2021 fiscal year running till next March, showing the economy contracting far more than previously expected.
“The deeper trough in our second quarter forecasts reflects the extremely poor economic data we have received so far for March and April, and the continued lockdown measures, which are among the most stringent across the world,” the investment bank said in a note dated May 17.
Goldman had earlier projected the country's GDP to contract 20% in the second quarter and 0.4% for the financial year ended 2021.
The investment bank said it expects an annualised rebound of 20% in the third quarter, but a gradual recovery of 14% and 6.5% respectively for the fourth quarter and first quarter of the next financial year.
Restarting the country's economy has continued to pose challenges, Goldman said, especially in containment “red zones”, which account for about 45% of GDP.
Supply chains are improving, but are still operating at low levels, along with missing logistics and weak end-demand, according to the note."'
Quoted from: https://www.thehindu.com/business/businesslive-18-may-2020/article31611952.ece
'This constitutes the first time since the inception of the Front Office BPO Omnibus Survey in 2017 that India has gained the coveted first-place standing' (Ryan Strategy Advisor)
'Must say I’m incredibly proud of how well our industry has responded around the world! Partners and service centres have pulled out all the stops to continue to deliver exceptional services to customers and consumers around the globe. The future will be very different, but positively so, as our industry will be critical to so many companies’ restart strategies.' (Kerry Hallard, CEO of the GSA)
The GSA is very proud to celebrate diversity and voyage on a journey to creating a united voice which encourages transparency, corporate and professional conduct and behaviours, to achieve success across the industry. The GSA recognise and identify with the power of inclusion and therefore wish to showcase this value in true strategic global sourcing endeavours. Through a rich desire and appetite to learn from one another, we will be inviting you all for a unique opportunity to appreciate our collective learnings. Stay home and stay tuned for further details on our upcoming D&I Webinar. #HappyInternationalDiversityDay (Sunita Hirani, Senior Contracts Manager at the BBC)
At the BBC, this will be quite a celebration- The Creative Diversity Dialogue
Celebrate this with Sunita Hirani, one of our council members by following the link below to watch a LinkedIn Live by the BBC on the 21st May.
21 May 2020, 1700BST/1200 EST/0900 PDT, LinkedIn Live, All welcome
Follow this link to keep updated on this breech in cyber security.
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