Sunday, January 16, 2022

Sodium cyanide Industry Procurement Intelligence, Growth Insights, COVID-19 Impact Till 2027

Sodium cyanide is a highly toxic salt that commonly appears as a white solid and is redolent of almonds. It is soluble in water, ammonia, methanol, and ethanol. Sodium cyanide can be segmented into two types based on forms; solid sodium cyanide and liquid sodium cyanide. Following are the major applications of sodium cyanide:

  • Mining: Sodium cyanide is extensively used in the mining industry. The main use of sodium cyanide in mining is the extraction of gold and other precious metals. Gold is highly reactive to cyanide, therefore, it is explicitly used in gold mining.

  • Chemical feedstock- Sodium cyanide helps in producing several commercially significant chemical compounds such as cyanogen chloride, many types of nitriles, and cyanuric chloride. Nitriles are present in many chemicals, and it has vast usage in the pharmaceutical industry. Furthermore, sodium cyanide is used as an agricultural chemical and pesticide. It can also be used to produce hydrocyanic acid.

Read report summary or request a free sample copy of the report “Sodium cyanide Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global sodium cyanide market was valued at ~1 million tons in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 owing to increasing demand from the mining industry. The mining industry is the largest end-user segment of the global sodium cyanide market with more than 70% market share in 2020. APAC countries like China, South Korea, and Australia are the largest producers of sodium cyanide accounted for more than 50% share in the global sodium cyanide industry, followed by the U.S. and Germany. Liquid sodium cyanide has higher demand than solid sodium cyanide. Liquid sodium cyanide accounted for more than 60% of the global sodium cyanide demand.

Cost Drivers

Industrial sodium cyanide is produced from metallic sodium, charcoal, and ammonia. In this process, molten sodium, ammonia, and charcoal react to form Sodium Cyanide. The procurement cost of these chemicals plays a very crucial role in determining the sodium cyanide production cost. The cost of raw materials accounted for more than 50% of the overall cost of production followed by machinery, equipment, and labor costs. As the price of raw material is highly volatile, sodium cyanide manufacturers outsource their production to low-cost countries like China to maintain the profit margins.

Find more research reports by Grand View Research:

Some of the key suppliers of sodium cyanide are:

  • The Chemours Company
  • Cyanoco
  • Orica Ltd.
  • Australian Gold Reagent
  • Hebei Chengxin
  • Anhui Shuguang Chemical Group
  • Tongsuh Petrochemical
  • Taekwang Industrial
  • CyPlus (Evonik)

Check out the featured Add-on Services offered with Sodium cyanide Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter




 

 



at No comments:
Labels: , , ,

Shipping Containers Industry Procurement Intelligence Report 2027: Key Factors And Emerging Opportunities

Containers are used to transport bulk materials via container ships on seaways. A shipping container is usually made of sturdy material which ranges from reusable steel boxes that are used for intermodal shipment, ubiquitous corrugated boxes, or even wooded pallets. While shipping containers may come in various sizes, the four most popular sizes of container sizes are 8-feet shipping container, 10-feet shipping container, 20-feet shipping container, a 40-feet shipping container. Even among these varieties of sizes, the 20-feet and the 40-feet shipping containers are the most popular containers. The shipping containers are essentially manufactured as per ISO specifications not only to have a hassle-free loading and unloading but also to be capable of withstanding extreme environments and maintain their structural integrity during a voyage.

Read report summary or request a free sample copy of the report “Shipping Containers Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global shipping container market is expected to be valued at USD 6.4 billion in 2027. While the shipping and transportation market is currently facing a shortage in the supply of containers, it is expected that the supply of shipping containers will increase during the period of forecast. The anticipated CAGR during the period of forecast (2020 to 2027) is 12.0%. From a market segmentation perspective, based on the type of container, dry containers occupied approximately 70% market share in the overall container market and it is expected to drive the market during the period of a forecast as well.

The COVID pandemic negatively influenced the shipping containers industry. WTO has analyzed that there was a 9.2% decline in the volume of global merchandise trade in 2020 (compared to its previous year). In 2021, the trade volumes increased by 7.2% as compared to the trade-in 2020. The increased trade volume from 2021 was mostly carried out through containers. This indicates the growing demand for containers for trading.

Cost Drivers

Growth in international trade is boosting the demand for intermodal shipments. However, there is currently there is a global shortage of containers and due to this, the tariff rates for transport have been increasing continuously. This is prompting the shipping and transport providers to take several actions like optimization of ship routes to touch base with more ports, increasing the number of available ships over an extended period and introducing more containers into the market. These steps will help in the growth of the market.

Find more research reports by Grand View Research:

Key suppliers of shipping containers are:

  • China International Marine Containers Co. Ltd.
  • Maersk Container Industry AS (A.P. Moller)
  • CXIC Group, Singamas Container Holdings
  • Bertschi AG, CXIC Group
  • W&K Containers, Inc.
  • Thurston Group Limited
  • OEG
  • Sea Box, Inc.
  • IWES Ltd.
  • Norcomp Nordic AB

Check out the featured Add-on Services offered with Shipping Containers Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter






at No comments:
Labels: , , ,

Refrigerated Transport Industry Procurement Intelligence, Growth Insights, COVID-19 Impact Till 2027

Refrigerated transport is a method of transporting shipments (Meats, fish, fruits, vegetables, pharmaceutical products, etc.) with specially designed temperature-controlled trucks or vehicles. The transporting trucks have a built-in refrigeration system that maintains the regulated temperature through the shipment process. Based on the type of cargo carried, refrigerated transport vehicles can be categorized into the following segments:

  • Isothermal trucks: It has insulating walls, as well as the floor and ceiling inside the merchandise section to control the temperature.

  • Refrigerated trucks: This isothermal vehicle manages to reduce the temperature inside the cargo area and preserve it for a long duration.

  • Fully integrated refrigerated truck: The truck has a device that cools the cargo box. It reduces the temperature inside the merchandise and keeps it stable between 12 degrees and -20 degrees, depending on the product inside the vehicle.

  • Calorific truck: It generates heat and manages to increase the interior temperature (above 12 degrees) and keep it stable for around 12 hours.

Read report summary or request a free sample copy of the report “Refrigerated Transport Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global refrigerated transport market was valued at USD 16 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 due to the increasing trade of perishable commodities across the globe. The fish & seafood industry is the largest contributor in the end-user segment of the global refrigerated transport market with more than 50% revenue share. APAC is the largest geographic segment in the global industry due to the strong presence of the seafood and meat industry across the region. APAC accounted for more than 40% of revenue share.

Cost Drivers

The cost of refrigerated transport services can be categorized into two parts. Cost of vehicle (Fixed cost) and service costs (Variable cost). The fixed cost has a small share in the overall cost of refrigerated transport services. Whereas, variable costs play a crucial role in determining the total cost of refrigerated transport services. Fuel costs, driver wages, insurance, toll charges are the major variable cost component. Fuel costs and driver wages accounted for 55-60% of the overall cost of service. The share of fuel costs and driver wages changes based on region. For instance, driver wages in APAC countries are 25-35% lower than in North America and Europe.  

Find more research reports by Grand View Research:

Some of the leading refrigerated transport service providers:

  • C. H. Robinson
  • DB Schenker
  • United Technologies
  • Daikin Industries
  • Ingersoll-Rand
  • China International Marine Containers
  • Utility Trailer
  • Singamas Container
  • Schmitz Cargobull
  • Fahrzeugwerk Bernard Krone
  • Lamberet

Check out the featured Add-on Services offered with Refrigerated Transport Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter




at No comments:
Labels: , , ,

Recycled Glass Industry Procurement Intelligence Report 2027: Key Factors And Emerging Opportunities

Growing awareness about the environment and the need of reducing glass waste in driven the need for glass recycling. Glass is 100% recyclable and can be recycled endlessly without loss in quality or purity. Recycled glass can be substituted for up to 95% of raw materials. Recycled glass reduces carbon emissions, reduces the consumption of raw materials of glass manufacturing, extends the life of plant equipment, such as furnaces, and saves energy. Following is the process of industrial glass recycling:

  • Collection of recyclable glass
  • Transportation of recyclable to a material recovery facility (MRF)
  • Collected glass waste is separated by material type
  • Glass from the MRF and drop-off locations is sent to a glass processing company
  • Glass is separated from other waste and contaminants
  • Sorting of glass based on color
  • Glass cullet is sold to glass container manufacturers
  • Glass container manufacturers then use that glass cullet to make new glass containers

Read report summary or request a free sample copy of the report “Recycled Glass Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global recycled glass market was valued at ~USD 4 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 due to the rising demand for an effective and sustainable waste management system. Many governments are promoting the usage of recycled glass for environmental benefits such as, recycling one ton of glass saves 670 kg of C02. Europe is leading the global recycled glass market with more than 30% share. In Europe, 70% of glass bottles are collected for recycling. Countries like Belgium, Sweden, and Switzerland have over 90% recycling rates. In terms of product, the glass cullet segment is the largest segment. It accounted for more than 50% of the overall recycled glass market. More than 95% of glass cullet collected, turn into glasses. The container and fiberglass industries collectively purchase more than 3 million tons of recycled glass annually, which is used in the production of new containers and fiberglass products.

Cost Drivers

Determining the cost of glass recycling is very complicated because, in some countries, waste glass collection is sponsored by glass manufacturers. Whereas, in some cases, the collection is sponsored by local municipal authorities. Predominantly, a glass collecting company or agency does the initial sorting and cleaning of collected waste glass. This process is the major cost driver of glass recycling. It accounted for more than 20% of the glass recycling cost. After cleaning, collection agencies sell the glass to glass container manufacturers. When the glass cullet reaches glass container manufacturers, the cost of glass recycling is determined by the raw material costs. Major raw materials include sand, limestone, soda ash, and cullet. The cost of raw material during glass manufacturing from recycled cullet accounted for more than 50% of the overall cost of production.

Find more research reports by Grand View Research:

Some of the key suppliers of recycled glass are:

  • Momentum Recycling
  • Strategic Materials
  • Reiling Glass Recycling GmbH & Co. KG
  • Glass Recycled Surfaces
  • Coloured Aggregates Inc.
  • Harsco Corporation
  • Vetropack Holding Ltd.
  • Ngwenya glass
  • Glasrecyclin

Check out the featured Add-on Services offered with Recycled Glass Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter



at No comments:
Labels: , , ,

Wednesday, January 12, 2022

Polyvinyl acetate Industry Procurement Intelligence Report 2027 | Key Factors And Emerging Opportunities

Polyvinyl acetate (PVA) is a colorless, nontoxic, synthetic resin prepared by the polymerization of vinyl acetate. It has good resistance to UV and oxidation. PVA is extensively used in the packaging industry as adhesives. PVA emulsions are inexpensive and possess good adhesion to many porous substrates, but are not effective on non-porous surfaces. They are one of the main ingredients of water-based glues, commonly referred to as wood glue, carpenter's glue, Elmer's glue (USA), or white glue.

PVA is used as an inexpensive, low-toxic, and no odor adhesive to bond and seal high-energy surfaces such as paper, corrugated cartons, cotton, and wood, etc. It is often preferred over other types of adhesives due to its low cost, good stability to light, and yellowing resistance capability. PVA is also used as a plasticizer and thickener for paints, textile finishes, plastics, cement, and chewing gum. It is relatively (~50%) cheaper than other acrylic resins and is therefore often added to acrylic latex paints to reduce the production cost. However, the best exterior water-based paints are 100% acrylic due to elasticity and other factors and polyvinyl acetate is generally viewed as inappropriate for exterior uses due to its water sensitivity.

Read report summary or request a free sample copy of the report “Polyvinyl acetate Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027”

Demand Outlook

The global polyvinyl acetate market was valued at ~USD 5 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 due to increasing demand for adhesive from key industries such as construction, automotive, and furniture. The rising demand for paint and coatings from APAC and Latin American markets is also expected to fuel the growth of the global PVA industry. APAC is the largest geographic segment in the global PVA market with more than 45% market share followed by Europe and North America with 25% and 15% market share respectively. Increasing construction spending coupled with growing industrial development in emerging markets of China and India is anticipated to drive the regional market. APAC PVA market is also expected to witness the highest growth rate during the forecast period.

Cost Drivers

Raw materials and feedstocks are the key cost driver of polyvinyl acetate production. The raw materials are majorly categorized into two segments; solvents and initiators. Solvents include methanol, ethyl acetate, and benzene. Initiators include benzoyl peroxide, azobisisobutyronitrile (AIBN), and lauroyl peroxide. Both solvent and initiators account for more than 40% of the overall cost of production followed by machinery costs, equipment costs, labor costs, and maintenance costs. The price of raw materials are somewhat stable for the last few years. Hence, reducing costs from other components like machinery, equipment and labor would give PVA producers a better profit margin.

Find more research reports by Grand View Research:

Some of the key suppliers of polyvinyl acetate are:

  • Henkel
  • Vinavil
  • H.B. Fuller
  • Dow
  • Arkema
  • Celanese
  • 3M
  • Hexion
  • ITW Polymers

Check out the featured Add-on Services offered with Polyvinyl acetate Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter


at No comments:
Labels: , , ,

Phosphate Industry Procurement Intelligence, Analysis Report, 2027 | Grand View Research, Inc.

Phosphate is one of the most common elements mined primarily from phosphate rock. It is a chemical derivative of phosphoric acid and the majority of its global production is absorbed by fertilizer manufacturing industries in the booming agricultural sector. One metric ton of phosphate rock can produce more than 100 metric tons of phosphate granules. Phosphates can be segmented into the following categories:

  • Orthophosphates: These are found naturally in the environment and in water, but are also artificially added to fertilizers. In swimming pools, orthophosphates are the most prevalent of all types of phosphates.
  • Condensed phosphates: This type of phosphates contain salts, metals or minerals like calcium.
  • Organophosphates: These are organic phosphates (esters of phosphoric acid). Organophosphates are a key ingredient in more than 50% of all pesticides.
  • Inorganic phosphates: Inorganic phosphates are majorly deals with water treatment businesses.

Read report summary or request a free sample copy of the report “Phosphate Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global phosphate market was valued at USD 72 billion in 2020 and it is expected to grow at a CAGR of 2% from 2020 to 2027 majorly due to the rising demand for ammonium phosphate, from the manufacturing market. APAC is leading the global phosphate market with more than 40% share followed by Europe and North America. As agriculture is a core constituent of the economy in APAC countries like India China, these countries are responsible for generating high demand for phosphate and related products for the last five years. For instance, India is one of the leading countries, with more than 25% of world imports for natural calcium phosphates and natural aluminum calcium phosphates. In terms of applications, the phosphate fertilizer segment is expected to have the highest growth rate in APAC countries due to increase in agricultural spending and growing demand.

Cost Drivers

Phosphate rock is the most important feedstock of phosphate production. It is the major cost driver of overall production cost. The cost of phosphate rock accounted for more than 50% of the one-unit phosphate production. In the last two years, the price of phosphate rock fluctuate significantly majorly due to supply-demand disruption during Covid-19. The price of phosphate rock has witnessed a gradual decrease over the last ten years. However, it is expected to increase moderately during the forecast period.

Find more research reports by Grand View Research:

Some of the key phosphate suppliers are:

  • The Mosaic Company
  • Nutrien Ltd
  • EuroChem Group
  • Innophos
  • PhosAgro Group of Companies
  • Ma’aden
  • Incitec Pivot limited
  • Fertoz Agriculture Pty Ltd
  • Koch Fertilizer, LLC.
  • Mississippi Phosphates Corporation
  • Jordan Phosphate Mines

Check out the featured Add-on Services offered with Phosphate Industry Market Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter



at No comments:
Labels: , , ,

Banking and Financial Services Industry Procurement Intelligence Report 2027 | Key Factors And Emerging Opportunities

A banking and financial services market include a group or network of institutions, responsible for operating a payment system, providing loans, taking deposits, and helping clients with investments. Banking and financial services can be categorized into ten major categories:

  • Banking: Checking accounts, savings accounts, debit/credit cards, loans, etc.
  • Professional advisory: Investment due diligence, M&A advisory, valuation, real-estate consulting, risk consulting, taxation consulting.
  • Wealth management: Managing and investing customers’ wealth across various financial instruments including debt, equity, insurance products, real estate, etc.
  • Mutual funds: Managing investments on mutual funds.
  • Insurance: Provide personal (automotive, home, medical) and business insurance.
  • Stock market: Provide investment solutions for customers in the stock market.
  • Treasury/debt management: Managing investments into government and private organization bonds (debt).
  • Tax/audit consulting: Determining tax liability, transfer pricing analysis, and structuring.
  • Capital restructuring: The restructuring of capital structure (debt and equity) to bolster profitability.
  • Portfolio management: Analyze and optimize investments for clients across a wide range of assets (debt, equity, insurance, real estate, etc.).

Read report summary or request a free sample copy of the report “Banking and Financial Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global banking and financial services market was valued at ~USD 20 trillion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027. The growth is majorly attributed due to the companies rearranging their operations and recovering from the COVID-19 pandemic, which had earlier led to restrictive containment measures including social distancing, remote working, and the closure of commercial activities. Banks and financial service providers are adopting digitization to modernize their commercial lending businesses owing to increasing competition among banks and growing demand for the simplified and quick commercial lending process.

Cost Drivers

The cost of banking and financial services can be categorized into two segments; facility cost and service cost. Facility costs include site management and maintenance cost, in-house machinery cost, etc. However, the major cost driver of the banking sector is the service cost. Service cost is segmented into employee costs, technology costs, training & development costs, employee benefits, taxes, and legal expenses. Among these, employee costs hold more than 60% share in the overall cost of banking and financial services followed by technology and employee training costs.

Find more research reports by Grand View Research:

Some of the leading banking and financial service providers are:

  • HSBC Holdings
  • Bank of China
  • JP Morgan Chase & Co.
  • BNP Paribas
  • China construction Bank Corp.
  • Mitsubishi UFJ Financial Group
  • Bank of America
  • Industrial and Commercial Bank of China
  • Credit Agricole Group

Check out the featured Add-on Services offered with Banking and Financial Services Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter


at No comments:
Labels: , ,
Subscribe to: Posts (Atom)

ESG Initiatives In The Bakery Product Industry

Embedding the value of environmental, social and governance (ESG) in the  bakery product industry  has become a vital cog in augmenting reve...