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(Transportation-News.com, June 01, 2016 ) Even though packaging organizations are concerned about rising competition, market uncertainty, and responding to pricing pressure, focus will increase on expansion in current markets and new product development during H1 2016 (April 2016–September 2016). Procurement activities will increase on IT services and capital equipment purchases amidst the expectation increasing procurement expenditure and supplier prices over the next months. Capital expenditure will be higher on new product development and IT infrastructure development and an expected increase in merger and acquisition activity during H1 2016. Focus will be on emerging markets such as China and India and developed markets such as the US and Germany, which are expected to present significant growth opportunities for the packaging industry over the next six months.
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Key Findings
Expansion in current markets and new product development are the major priorities for packaging organizations during the next six months. (April–September 2016) The US, Germany, and Canada are highlighted by survey respondents as prominent growth-offering developed markets Capital expenditure on new product development and IT infrastructure development will increase during the next months Survey respondents expect an increase in procurement activities on IT services and capital equipment purchases in the coming six months Globally, 29% of survey respondents indicate limited or generalized deployment of e-procurement within their organizations over the next six months
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Table of Contents
Introduction
Definitions Methodology and sample size Respondent profile
Global Business Outlook in H1 2016
Strategic business priorities Emerging markets with significant growth potential Growth potential for developed markets Mergers and acquisition Leading business concerns Capital expenditure projections
Procurement Behaviors and Strategies
Potential changes in procurement resources and objectives Procurement activity outlook in key areas Global procurement budget projections Planned change in procurement expenditure Supplier prices outlook Organizations’ viewpoints on E-procurement
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