Unlocking Innovation: How Global Capability Centers Are Acting as Strategic Hubs Revolutionizing Sourcing and Procurement
The concept of GCCs (Global Capability Centers) in India emerged in the late 1990s and early 2000s when multinational corporations from the US and Europe recognized India's cost efficiency due to its skilled yet inexpensive workforce. Initially focused on cost-saving, GCCs have evolved into strategic reinvention engines. They foster innovation, digital transformation, and value creation through AI-based solutions.
