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Global Sourcing Takes a Hit from COVID-19 as GBS Activity Decreases 48% in Q2, Reports Everest Group

The Global Sourcing industry is suffering from the negative business impacts of the COVID-19 pandemic. The worldwide setup of Global Business Services (GBS) centers, also known as Global In-house Centers (GICs), fell more than 48% as offshore/nearshore activity dropped 46%, and onshore setups dropped 52% for the quarter.

New IDC Spending Guide Sees Consumer Spending on Technology Reaching $1.69 Trillion in 2019: IDC

Consumer spending on technology is forecast to reach $1.69 trillion in 2019, an increase of 5.3% over 2018, according to the latest Worldwide Semiannual Connected Consumer Spending Guide from International Data Corporation (IDC). Consumer purchases of traditional and emerging technologies will remain strong over the 2019-2023 forecast period, reaching $2.06 trillion in 2023 with a five-year compound annual growth rate (CAGR) of 5.1%.

Lane CooperOctober 15, 2019International Data Corporation, Consumer technology, mobile telecom services, mobile phones, on-demand services, smart lighting, AR/VR headsets, drones, robotic systems, smart home devices, wearables