openPR Logo
Press release

Avasant Releases Impact Sourcing Report

09-28-2012 11:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Avasant LLC

Impact Sourcing, Rockefeller Foundation, Avasant

Impact Sourcing, Rockefeller Foundation, Avasant

Los Angeles, CA, USA – September 19, 2012 – Avasant today announced the release of a research report titled “Incentives & Opportunities for Scaling the ‘Impact Sourcing’ Sector”. Avasant carried out this study with the support of the Rockefeller Foundation with the goal of providing recommendations for governments and industry to implement and scale Impact Sourcing based on global best practices that align policies and incentives to industry needs. The full report can be accessed at

At the heart of “Impact Sourcing” is the goal to create jobs for individuals with limited opportunity and in rural or economically depressed communities. These jobs of the future would principally be directed at workers in Business Process Outsourcing (BPO) centers to provide high-quality, information-based services.

The twelve-month study spanned 24 countries and over 100 stakeholders across service providers, government ministries, departments and agencies, investment promotion agencies, trade bodies, buyers and other experts. Avasant’s research was designed to advance the Rockefeller Foundation’s work entitled “Poverty Reduction through Information and Digital Employment” (PRIDE). PRIDE is working to support programs, like Impact Sourcing, designed to generate employment opportunities for the poor or vulnerable by establishing meaningful jobs in the information technology industry.

The Avasant study estimates the market size for Impact Sourcing to be over US $10.7 billion, employing nearly 561,000 people. With a booming BPO sector, it is projected that by 2020, the market for Impact Sourcing services will grow to employ 2.9 million people and generate revenues of US $55.4 billion. Simply put, Impact Sourcing could account for up to 17 percent of all global BPO services spending by 2020, growing at more than double the rate of the traditional BPO industry.

Commenting on the report, Kevin S. Parikh, Sr. Partner and CEO, Avasant said, “Impact Sourcing has the effect of raising the spirits and dreams of individuals that have never had an opportunity to be part of the Global Economy." He also added, “We hope that Avasant’s collaboration with the Rockefeller Foundation on this project will yield poverty reduction, not just in emerging countries, but also in more developed economies.

During the course of its research, Avasant worked towards identifying opportunities and challenges for scaling Impact Sourcing sector. Based on Avasant’s survey findings, a handful of governments are providing the targeted incentives to spur Impact Sourcing and job creation. To foster employment for poor and vulnerable people in the BPO sector, policy makers will need to align their policies and incentives to the needs of the Impact Sourcing sector.

“Impact Sourcing provides an enormous opportunity for governments to harness the skills and talents of often marginalized populations, and put them to work in good sustainable jobs” said Eme Essien Lore, Interim Managing Director, The Rockefeller Foundation Africa. “The Rockefeller Foundation is proud to have funded this important report from Avasant. Identifying the right policies for governments to establish a thriving impact sourcing sector is integral to its success and ultimately in creating employment options for poor and vulnerable people.”

The report also outlined several recommendations for policymakers to drive greater employment of poor and vulnerable people in the private sector by creating incentives and policies to encourage training and organizational development.

Dr. Pradeep Mukherji, Avasant’s President & Managing Partner added “For governments around the world, Impact Sourcing takes advantage of business imperatives to expand the supply of labor while simultaneously generating large scale employment for poor and vulnerable people. With the endorsement and backing of governments, buyers and suppliers of IT services have an opportunity to implement a sustainable socially responsible sourcing model at an affordable price.”

About Avasant
Avasant is next generation management consulting, research and events firm servicing global clients across the public, private, and non-profit sectors. Avasant provides services in the areas of Strategic Sourcing, Technology Optimization, and Globalization Consulting; helping its clients to achieve superior business outcomes. Avasant’s talented team of consultants, lawyers and technologists average over 20 years of industry-honed experience and have conducted over 1,000+ engagements in over 40 countries worldwide. For more information on Avasant, please visit

For more information, Contact
Avasant LLC
Akshay Khanna
1960 E. Grand Avenue, Suite 1050
Los Angeles, CA 90245
Voice: +1.310.643.3030
Fax: +1.310.643.3033

Avasant is a next generation global management consulting firm assisting public and private sector organizations across the world. Avasant provides services in the areas of ICT & Enterprise Optimization, Sourcing Advisory and Globalization Consulting helping its clients achieve superior business outcomes.

1960 East Grand Avenue, Suite 1050, Los Angeles, CA 90245

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Avasant Releases Impact Sourcing Report here

News-ID: 236804 • Views: 5835

More Releases from Avasant LLC

Unique Digital Jobs Program in Jamaica Generates High Value Opportunities for Ov …
Los Angeles, CA: On Saturday September 3, 2016 Avasant Foundation celebrated the fourth and final graduation of its Digital Youth Employment Initiative that has trained a total of 123 youth in Kingston and Montego Bay, Jamaica. Minister of Education, Youth and Information, the Hon. Minister Ruel Reid, endorsed the program as a Keynote Speaker at the ceremony by saying, “Such initiatives fill the gap and help to get disadvantaged youths into
Opportunities for youth in digital learning and employment initiative
Kingston, Jamaica (August 15, 2016) - Over the last 12 months, Avasant Foundation, has been implementing its Digital Learning and Employment program in Jamaica. The program will see approximately 120 young people being trained for jobs in the Business Process Outsourcing (BPO) sector under the Digital Youth Employment Initiative. The project is being implemented by the American-based foundation in partnership with the University of Technology (UTech), and through support from Jamaica
Avasant Ranks in Vault Consulting 50 “Best to Work For” Survey 2014
LOS ANGELES, California – August 22, 2013: Avasant, a premier management consulting and sourcing advisory firm, is ranked among the top consulting firms in Vault Consulting's 2014 50 “Best to Work For” ratings, an annual management and strategy consulting survey by Vault. Vault also recognized Avasant as a top IT consulting firm in its 2013 survey. Strong leadership and the quality of life offered to its advisors led to Avasant's
Avasant achieves the United Nations Global Compact Active (GCA) level
Los Angeles, CA, USA, Oct. 5, 2012 - Today Avasant announced its renewed commitment to the UN Global Compact and its 10 principles to make our world one that fosters the collaborative progress of businesses and society. Avasant has incorporated the principles of the United Nations Global Compact into its business strategy and day-to-day operations. The company recently issued its Communication on Progress (COP) committing to the ten principles defined

All 5 Releases

More Releases for Sourcing

2020 German IT Sourcing Study Results Published
The 2020 German IT Sourcing Study, conducted by Whitelane Research in collaboration with Navisco AG - Sourcing Professionals, investigates more than 450 unique IT sourcing relationships and more than 300 cloud sourcing relationships held by over 160 participants of the top IT spending organisations in Germany. Key findings from the 2020 German IT Sourcing Study include: » Over the next two years more outsourcing is predicted for Germany, with 73% of respondents
Mega 3-In-1 International Sourcing Fair: 3 International Sourcing Fairs, 1 Locat …
Mumbai, India, Nov 02, 2018 -- - @ Home World Expo – Future Living - India Consumer Electronics & Home Appliances Exhibition - The 16th China Products (Mumbai India) Exhibition * The Mega 3-In-1 International Sourcing Fair will take place at the Bombay Exhibition Centre (BEC), Goregaon East, Mumbai, from November 22-24, 2018. * Presenting quality international suppliers for Home Décor, Consumer Electronics & Appliances and other markets at your doorstep. The essence of this trade
Soaring Usage of Cloud-based Sourcing Software Fuels Growth of Global Sourcing S …
"The Report Global Sourcing Software Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -" now features a research report, titled “Global Sourcing Software Market 2017-2021”. The publication is a comprehensive outlook of the global sourcing software market. It studies the historical events in the global market and compares it to the current market scenario to offer a projection of its
Upcoming Trends and Fashion Sourcing
The Made in Italy has always been recognized as a mark of quality, elegance and creativity: brands like Valentino, Armani, D & G, Laura Biagiotti, Gucci, Versace, Roberto Cavalli and Prada are just some of the many brands that put the Italian fashion to the top of the international fashion scene. Often those brands, while providing great reputation, however, are unattainable for distributors, wholesalers, contractors and operators in the fashion of
Sourcing Insight – Legal Process Outsourcing
Over the past 7 to 8 years, Trestle Group has witnessed legal process outsourcing (LPO) gaining major importance in the sourcing sector, adding to the ever growing business process outsourcing (BPO) industry. In the beginning, major law firms only outsourced limited, low-skilled legal tasks to third-party providers. Today, comprehensive LPO services are an integral piece of the value chain in legal departments of global companies. As these services move deeper into the
Ibstock Brick Awarded Responsible Sourcing Standard
Leading the way for sustainable business, Ibstock has become the first UK brick manufacturer to be awarded the ‘very good’ rating in its recent factory assessment for the responsible sourcing standard, BES 6001. The BES 6001 standard for responsible sourcing demonstrates that a building material has been produced in a way that has minimised its environmental impact, and it is sustainable. Ibstock was awarded the important standard at its Dorket Head