Emerging market suppliers are gaining traction with organisations as they seek to mitigate risks through expanded global sourcing networks, it has been revealed. These six emerging markets are Brazil, Central and Eastern Europe, Israel, Mexico, Philippines and South Africa.

The news comes from Everest, a global consulting and research firm, which has completed a new study examining key emerging market suppliers that have achieved meaningful operating scale and, through investments in delivery capabilities and adopting industry best practices, are successfully serving Global 1000 corporations.

Suppliers profiled in the study are CPM Braxis (Brazil), EPAM Systems (Central and Eastern Europe), Ness Technologies (Israel), Softtek (Mexico), SPi Global Solutions (Philippines) and Merchants (South Africa).

Amneet Singh, Vice President,Global Sourcing Everest, said: “Recent world events, supplier scandals and other factors have prompted organizations to take more sophisticated approaches to risk management that go beyond performance management of their engagements. Now, they are considering the entire sourcing ecosystem, as well as a collective portfolio of suppliers, to not only diversify locations but also meet increased demands for global services delivery networks.”

Visit the Everest website to view the full study.