Global Business Services
Providing critical support & “essential services” to various sectors including govts OM Malaysia as founding member testament to nation’s rising influence in GBS sector
While the global and national economy continues to face various external pressures, the GBS industry is likely to buck the trend and register stronger growth in 2017.
This year’s Smart Sourcing Summit organised by Outsourcing Malaysia considered the subject of disruption within the realm of the Global Business Services industry.
Based on Outsourcing Malaysia’s GBS Business Services Outlook Report, Malaysia’s GBS Sector is poised to record growth of 10%-15% for the next five years; creating more than 6,000 jobs in 2016.
Outsourcing Malaysia aims to be indispensable to its members and adds a B2B element for the first time, at its yearly Smart Sourcing Summit next week.
The latest speaker to join the stellar cast at the What’s Next conference, Bobby Varanasi, contends that disruption isn’t about or because of technology, writes Karamjit Singh.
Outsourcing Malaysia believes that despite the various economic and external challenges faced by Malaysia, the local global business services (GBS) sector will continue to see strong growth and good prospects.
AMD said that it will be business as usual for the employees in its Penang manufacturing facility, even though it has sold an 85% stake to China’s NFME.
Malaysian global business services (GBS) players need to start venturing outside the country and look at partnerships with other companies in South-East Asia urgently, or risk losing out when the Asean Economic Community (AEC) comes into being.
The impact of a new trend in outsourcing, Global Business Services, could hit Malaysia hard if it does not show the ability to move up the value chain in the outsourcing sector, with Shell Malaysia’s decision to move an estimated 700 jobs to India.