How will the new tariffs affect the global services market?
A lot of our clients, especially CIOs and Global Business Services (GBS) executives, are asking us this question.
The most important impact of tariffs is their effect on the broader macroeconomy. Currently, we are seeing many firms postpone projects and move to a more defensive posture. As the uncertainty continues, we anticipate that enterprises will further curtail their discretionary spending. It is likely that a slowing economy will shift focus away from spending to support growth to cost-cutting initiatives.
