For European CIOs, CTOs, and chief data officers (CDOs), the war in Ukraine and the sanctions imposed on Russian and Belarusian actors mean that you need to reexamine your nearshore strategy and evolve your contingency plans. Recent estimates indicate that more than a thousand European firms employ 2 million-plus people in Ukraine. Our recent conversations with clients about their plans reveal two groups. The first group has concluded that the conflict won’t impact their nearshore activities significantly. The second group has already started looking into their contracts and activating their business contingency plans, including asking their service providers to relocate projects from Ukraine to other European locations.
The Impact On Nearshore Resources Depends On Which Provider You Work With
Here, Forrester has compiled a list of key service providers with substantial operations in Belarus, Russia, or Ukraine. This isn’t an exhaustive list, but it’s a useful starting point. If your firm has been working with one of these providers’ teams based in Belarus, Russia, or Ukraine you’ll face one of two scenarios:
Take These Steps Next, If You Haven’t Already
In the immediate term:
The Forrester article was written by Jeffrey Rajamani, senior analyst, Laura Koetzle, vice president and group director, and Pascal Matzke, vice president and research director. It can be found here.
The views and opinions expressed in this article are those of the author and do not necessarily reflect those of CDOTrends. Image credits: iStockphoto/Trabalik (front image); Forrester (table)