5 Stocks to Play the Growing Demand for Business Service
Deployment of Global Business Services (GBS) into companies operations is too high in the past 10 years, 80% of global companies in the Fortune 500 are deploying GBS model into their business in one way or the other, according to published studies. Business service companies help organizations in cost cutting, increasing business effectiveness, sustainability, budgeting and planning initiatives, structuring a plan to start business in a new country and/or refining a business process and many other basic to complicated tasks.
Due to their vast experience, specialization and skilled workforce their need for organizations is increasing every year. As the competitive dynamics, strategic aggressiveness, rapid transformation and the result of unproductive organization structure and many other are forcing companies to use the services of business service companies.
In addition to the competitive and the operational issues companies are facing, there are new threats that are challenging company’s growth prospects and business sustainability. Few include, new geopolitical environment, automation and increasing volatility in revenues and earnings.
Our 5 stock picks…
To effectively overcome these challenges and to remain competitive, companies need the services of Global Business Service companies to be efficient and effective in their core business.
Expert contributors to stockchase have selected Global Business service companies that are outperforming their peers in one way or the other and have the potential to produce substantial returns, as their Top Picks. If you want to diversify your portfolio then you should add one or more the companies recommended below in to your portfolio.
IBI Group (TSX:IBG)
Colin Stewart, CEO & Portfolio Manager at JC Clark Investments Ltd, recommends IBI Group (IBG-T),
Morneau Shepell INc. Group (TSX:MSI)
Andy Nasr, VP & Investment Strategist at Sentry Investments, recommends Morneau Shepell Inc. (MSI-T),
IBI Group (TSX:WSP)
William Chin, Portfolio Manager at Caldwell Investment Management recommends WSP Global Inc. (WSP-T),
Barry Schwartz, CIO & Portfolio Manager at Baskin Wealth Management recommends Alphabet Inc. (A) (GOOGL-Q),
Automation, Geopolitical issues, aggressive competition are increasing the need for companies to take utilize the services of global business service companies. So, that they can concentrate on the core business activities. These market conditions present a great growth opportunity for the companies mentioned above.
Quick link to our 5 stock picks…
Top 7 Business Service Companies Links Refered to in this Post
- IBI Group (IBG-T)
- Morneau Shepell Inc (MSI-T)
- WSP Global Inc. (WSP-T)
- Alphabet Inc. (A) (GOOGL-Q)
- Detailing the new landscape for global business services
- Driving performance with global business services
- Global Business Services