Global Defense Industry Business Outlook & Procurement Report H1 2016
May 27, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Defense Industry Business Outlook and Procurement Report H1 2016" report to their offering.
Amid growing market uncertainty, decreasing defense expenditure, and rising competition, organizations within the defense industry are planning to increase focus on new products and services, expansion in the current market, and improving operational efficiency. Mergers and acquisitions are expected to increase within the defense industry with emerging markets such as India, Saudi Arabia, and China offering prominent growth opportunities. As organizations intend to increase use of technology, and locate lower cost sources of supply in H1 2016, procurement activities will increase on IT services and MRO activities. Consequently, procurement expenditure for defense organizations is projected to increase by an average of 7% over the next six months. Additionally, 46% of defense industry executives expect supplier prices to increase in the next six months and over one-third of defense industry executives highlighted limited or generalized deployment of e-procurement within their organizations.
The report Defense Industry Business Outlook and Procurement Report H1 2016 examines executives' opinion on business outlook and procurement activities over April-September 2016. Organizations can know about key business priorities, supplier price variations, changes in procurement expenditure, and supplier prices with the implementation status of e-procurement of within the defense industry. Additionally, it provides information categorized by region and company type.
Suggested Items
Digitalisation and ESG
04/19/2024 | Marina Hornasek-Metzl, AT&SDigitalisation and ESG are prominent and high-priority topics in the global business community. The first focuses on applying technology throughout the value chain to produce faster, smarter, and more desirable business outcomes. The latter emphasises the broader value a business is expected to create for its stakeholders from an environmental, social, and governance perspective.
Real Time with... IPC APEX EXPO 2024: Looking Back, Looking Forward With IEC
04/19/2024 | Real Time with...IPC APEX EXPOIEC came to the RTW booth and discussed both the legacy of IEC's past and the vision for its future. Industry veteran Bruno Ferri highlighted his quarter-century tenure in the industry and with IEC since its founding. He still exhibits boundless enthusiasm for the industry. Brando Stone, a young professional and a future face of IEC, talked about IEC's plans going forward and his experience at this year's IPC APEX EXPO.
Seeking Employment: Meet Parker Capers
04/18/2024 | Barry Matties, I-Connect007Parker Capers, a cybersecurity professional with a decade of experience in the SMT industry, earned a bachelor’s degree from DeVry and is CompTIA Security Plus certified. He is open to various industries but has a strong affinity for manufacturing due to extensive familiarity. Parker appreciates smaller companies where personal connections matter. Are you hiring?
SEMI Applauds CHIPS Program Office Progress to Diversify U.S. Semiconductor Industry Workforce
04/18/2024 | SEMIThe SEMI Foundation, the arm of SEMI dedicated to supporting economic opportunity for workers and the sustained growth of the microelectronics industry by creating pathways and opportunities for job seekers, applauded strides made by the CHIPS Program Office to diversify the U.S. semiconductor industry workforce and its release of the First Annual Report Regarding the Opportunities and Inclusion Activities Undertaken by the Department of Commerce.
VDMA: Machine Vision Navigating Through Uncertain Times
04/18/2024 | VDMAFor over a decade, the European machine vision industry has reported steady growth, with turnover increasing by an average of 9 percent annually between 2012 and 2022. Despite a temporary setback in 2020 (minus 4 percent) due to the Covid-19 pandemic, the industry rebounded strongly in 2021 (plus 17 percent) and 2022 (plus 11 percent).