Adidas to set up its first Asia GCC outside China in Tamil Nadu
Adidas is setting up its first and only global capacity centre (GCC) in Asia outside China in Chennai, to focus on 'key processes', sources aware of the developments told ET.
The athletic footwear and apparel giant’s move reinforces the recent boom of multinationals investing in India in large numbers to set up their GCCs to harness the abundant software skills in the country.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitThe German corporation headquartered in Herzogenaurach, Bavaria, will set up its Global Business Services (GBS) hub with Akhil Kapoor leading operations. Kapoor's LinkedIn profile says he is the vice-president — GBS global procurement and head of GBS India with his location listed as Chennai.
Also read | India's tech chops help GCCs to look within for solutions
«Under his leadership, the hub will play a crucial role in key processes such as source-to-pay (S2P), financial planning & analysis (FP&A), invoice-to-cash (I2C), and record-to-report (R2R),» one source said on the condition of anonymity.
This person added that Adidas anticipates significant growth in its Chennai centre and is planning to add 'high quality resources' over the next three to five years.
«The Chennai hub has been designated as the Global Hub, seamlessly integrating with Adidas' existing hubs in Porto (Portugal), Dalian (China), Bogota (Columbia), and North America to cater to the company's global operations,» this person said.
Queries sent to Adidas remained unanswered as of
