Initiative to Help Address Demand for Over One Million Supply Chain Professionals in the US by 2016*
Bangalore and Los Angeles – February 5, 2014
Infosys today announced a partnership with the University of Southern California (USC), one of the world’s leading private research universities, to work closely with the Center of Global Supply Chain Management (CGSCM) at the University’s Marshall School of Business. CGSCM will focus on advancing global supply chain management through three core activities - establishing a robust industry network, offering a variety of education programs and performing advanced research.
Supply Chain Management is a growing field and accounts for $10 trillion or roughly 14 percent of the Gross World Product - the United States alone will need over 1,000,000 qualified professionals in this field by 2016*. USC Marshall’s CGSCM will offer the first globally integrated Master’s program on supply chain management aligned to its mission of NEAR (Networking, Education and Advanced Research).
Nick Vyas, Director, USC Marshall Center of Global Supply Chain Management (CGSCM)
“The global supply chain space is seeing strong growth, with the United States alone spending nearly 10% of its GDP on supply chain activities every year. Capitalizing upon the Center’s global network and industry experience, along with the university’s renowned faculty, we hope to cultivate top talent and become the principal thought leader in the realm of global supply chain management. The USC Marshall CGSCM will work closely with Infosys and other companies across the globe to bridge the existing gap between supply and demand for skilled executives, who can meet the growing and complex demands of the supply chain industry.”
Rakhi Makad, Industry Principal, Infosys and Program Director from Infosys for USC Marshall CGSCM
“Working closely with manufacturing companies around the world, Infosys has developed a unique insight into today’s highly complex supply chains. We also have our sights set on how companies will best manage and optimize their supply chains in the future. CGSCM will offer students an opportunity to learn from professors and business leaders and solve real business problems. Our partnership with the USC Marshall School of Business will allow us to bring together some of the brightest minds spanning academia and the industry to help shape the future of the industry.”
Consistently ranked among the nation's premier schools, USC Marshall is internationally recognized for its emphasis on entrepreneurship and innovation, social responsibility and path-breaking research. Located in the heart of Los Angeles, one of the world's leading business centers and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus undergraduate and graduate students a unique world view and impressive global experiential opportunities. With an alumni community spanning 123 countries, USC Marshall students join a worldwide community of thought leaders who are redefining the way business works.
Mission Statement - The USC Marshall Center for Global Supply Chain Management exists to connect the world through Global Supply Chain Management with Network, Education, and Advanced Research (NEAR). Capitalizing upon its global network, industry experience and renowned faculty, USC Marshall is poised to become one of the top thought leaders in the realm of global supply chain management. As an industry leader in cultivating top business talent, the Center for Global Supply Chain Management will lead the effort to streamline efficiency and supply chain in our increasingly global economy. Our state of the art resource center will work with country-specific supply chain gateways to keep our member community updated with news, trends and critical changes in the industry.
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$7.4 billion in annual revenues and 158,000+ employees, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2013 and on Form 6-K for the quarter ended December 31, 2013. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
For further information, please contact: PR_Global@infosys.com