Packaging Industry Business Outlook and Procurement Report H1 2016
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  • Packaging Industry Business Outlook and Procurement Report H1 2016

     



    (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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