As the world faces an economic downturn, many corporations have not yet aligned globalization initiatives to economic reality. Corporate adjustments to economic challenges will also introduce the next phase of maturation in services globalization. Economic challenges will drive leading companies to systemically develop and optimize globalization enterprise-wide, leading to a new phase of maturity for global services.

The combination of technology and globally optimized processes makes the distance transparent. A corporation that leverages this can become flexible, capable of adapting to changing business processes, legal or regulatory requirements, labor requirements, and, most importantly, economic cycles. The environment is ideal for further evolution and reaching the next level of services globalization. Specifically, companies should be considering the following to prepare for and successfully navigate through upcoming economic challenges.

In an economic downturn or during actions such as budget cuts or spending freezes, a company must reevaluate spending priorities, but in the context of leveraging global operations. During an economic downturn, the alignment with business should also determine whether the needs are immediate or significant. Managing the supply of global services is usually the most complex factor in a portfolio assessment. The supply of services is usually derived from a complex array of internal capabilities, global operations centers, and outsourcing providers.

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