Will Engineering and Procurement Spend See an Uptick in 2017?

Last year the landscape for engineering, procurement, and construction (EPC) companies was mired in complexities in projects, rising costs and visible risk, due to low oil and natural gas prices. Demand in the EPC sector had fallen significantly due to a sudden collapse in oil prices in 2015. Commodity prices had also tumbled with a slowdown in the Chinese economy, which had been a major driver of global activity and infrastructure projects for about a decade.

Infrastructure Transformations – Optimizing Capex and Opex in Telecom

The predictions are in – leading market research and analyst firms reveal the expected investment pattern of the global telecom sector. Following an initial dip in 2017, capex in this segment is set to increase at 0.8 percent CAGR and touch the $353 billion mark in 2020.

Robotics Transforming Businesses in North America

Robotics systems have revolutionized the way companies operate. The systems’ increased sophistication has made these robots flexible and capable of performing complex tasks with dexterity. The North American robotics market has seen steady growth over the past few years. During the first nine months of 2016, the demand for robotics in North America reached ~24,000 ($1.3 billion in value terms, up 3%), an increase of ~7% over the same period in 2015. Currently, there are ~269,000 robots in use in North American factories. Only Japan & China utilize more.

Landscaping Industry Challenges and the Impact on Businesses

In real estate, they call it curb appeal. A bad first impression can deter a potential buyer before even entering the home. It’s no different on the commercial side. Landscaping is one of the key categories in facilities management. A great landscaping provider makes a key difference for large firms with a pleasing first impression. Regular and efficient landscaping is also a key component of creating a brand image for commercial landscaping businesses.

Market Slowdown to Impact MRO Spend, Demand for MRO Outsourcing Predicted to Rise

Current market slowdown, economic turmoil and record low oil prices have led to a number of oil and gas projects getting delayed or shelved, thereby weakening MRO demand. With weak MRO demand, and lower metal and lubricants prices, category buyers can cash-in on the resultant direct unit cost reduction on parts and spares.

CAPEX & Construction Industry Forecast to Touch $9 Trillion Per Year, Robotics & Automation to Drive Down Costs

The global capital project and infrastructure market is witnessing steady growth. Countries like China, Philippines, Indonesia, Ghana and Nigeria will be the primary growth regions with increasing capital project expenditures. It is expected that the industry will touch over $9 trillion per year by 2025, nearly double from $4.7 trillion in 2015.

The Rapid Evolution of Facilities Management: Outlook 2016 and Beyond

The highly competitive facilities management market, together with increased focus on security and sustainability has been pushing service providers toward innovation. The facilities management market is dominated by large global players, accounting for nearly half of the market. These players are rapidly increasing their footprints into regions, such as APAC and LATAM.

Five Key Steps to Improve and Expedite MRO Sourcing

The complexities of sourcing for MRO stem from demand forecasts and aggregation. Globalised operations, large spend across business units and equally large supplier lists leave little or no room for quality delivery.  Effectively, MRO categories are rarely sourced with the objectives of quality or procurement savings.

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