Unlocking Innovation through Packaging Design Services Procurement Intelligence

The packaging design services category is anticipated to grow at a CAGR of 4% from 2023 to 2030. The packaging industry is witnessing a shift toward sustainable packaging to optimize the amount of material used. Corporate Social Responsibility (CSR) has come into the spotlight to improve brand perception in recent years. Companies are now adopting "rightsizing" as part of their CSR initiatives. This is the practice to reduce overall packaging size, fill material, and paper waste through conscious packaging design choices. In addition, the growing demand for personalization and the rise of e-commerce are driving the growth of the category. With increased digitization and the rapid rise in adoption of the work-from-home model, large companies are now engaging with multiple stakeholders to create efficient packaging designs.

Factors such as increased demand for hygienic and safe packaging and the shift to e-commerce and contactless deliveries have led to the evolution of packaging designs. In 2023 and 2024, some of the latest and emerging packaging design trends include interactive packaging, augmented packaging, hyper-contrast, saturated labels, brutalist-type designs, vintage inspired designs, flat graphics, translucent and semi-opaque designs, etc. Increasingly, brands are focusing on crafting experiences rather than merely pushing products. Smart packaging, also called interactive packaging, can take a variety of shapes and forms. The key is to make packaging multifunctional so that consumers can interact with the brand in a more meaningful way. For example, a puzzle wine bottle label that reveals a message when the pieces are rearranged, or a cereal box that folds into a board game.

Packaging designs with technology may include NFC (Near Field Communication) chips or QR codes. Technology-embedded packaging design can initiate an augmented reality (AR) experience, offer comprehensive product details, or even present a virtual tour of the production process when scanned or touched by a smartphone. For instance, a Croatian wine company, Enosophia, created interactive wine labels that, when scanned, start playing music in the bottle. In 2022, Enosophia introduced two wine bottles, Grasevina TRS No. 5 and rosé Matarouge, with AR labels. On the other hand, Ace Squad, an energy drink company, added a fun AR game to its packaging design (or, known as, gamification packaging design) by using a QR code in 2023.

Order your copy of the Packaging Design Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

It's becoming increasingly difficult to communicate brand positioning through advertising due to stagnant or reduced marketing budgets and increased media clutter. Hence brands are increasing their investments in unique packaging designs to boost sales. According to a 2023 research survey report, 52% of customers would return to a store if they purchased a product in quality packaging, and more than 40% of consumers shared a packaging design on social media if it was unique and intriguing. According to the Ipsos 2021 survey report, 72% of consumers made their purchase decisions based on packaging design, and 67% based it on packaging material. Additionally, it was found that 81% of consumers tried something new due to a unique packaging design and 63% of consumers repurchased a product because of the packaging’s appearance.

The global packaging design services category is fragmented. The larger brands mostly opt for renowned global companies or agencies to acquire a sense of security and status. Due to the increasing demand for unique packaging design, major marketing agencies such as Ruckus Marketing, Murmur Creative, DEI Creative, and The Netmen Corp are continuously upgrading their design platforms to attract new customers and increase sales. As a result of fragmentation, most of the suppliers have moderate to low bargaining power in the market. However, specialized or very large-scale agencies may command a higher bargaining power owing to their expertise and brand value. Technological advancements and the introduction of new products provide buyers with multiple options. Hence, the bargaining power of buyers is moderate to high.

The major cost components include salaries of packaging designers/consultants, technology and software used, facilities and utilities, marketing, etc. Packaging designers can include a wide range of professionals from visual designers, graphic designers, box designers, etc. The level of customization and detail in the graphic design has an impact on the final cost.

The price of packaging design services has increased steadily over the last few years. The price of developing a packaging design differs from agency to agency. It is found that in general, for a smaller packaging design agency, charges can start from USD 10,000 compared to a larger or specialized agency which charges around USD 50,000 and above. Depending on the complexity of the design, costs can range from USD 300 for a simple design to USD 3,500 for more complex designs.

Packaged goods manufacturers encounter various challenges. The companies need a flexible workforce and production floor to adapt to seasonal demand and holiday promotions. These changes result in fluctuating costs throughout the year, which can be difficult to manage and cause headaches. To mitigate costs and increase efficiency, companies prefer outsourcing their packaging design services to developing countries such as China and India. Other countries such as Singapore, Australia, and the U.A.E are also preferred for procurement of services. In many cases, companies outsource both packaging and packaging design to expand product lines quickly. Including a contractor in the design stage of the product can provide a fresh and expert perspective, helping to create a better product.

Some of the key sourcing strategies include negotiating with more than two vendors to obtain better flexibility and customization, assessing the vendors on their experience in graphic and structural design, and how they can provide cost optimization. There are multiple avenues that the company may pursue to reduce costs without sacrificing quality. One such approach entails selecting a matte finish instead of a gloss finish and utilizing recycled materials. It is imperative that the packaging design company selected for this purpose provides assistance in this regard to ensure optimal outcomes. Another important aspect is checking the firm’s reputation, previous work samples, and years of expertise. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Fiber Reinforced Plastics Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Molded Pulp Packaging Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Packaging Design Services Procurement Intelligence Report Scope

• Packaging Design Services Category Growth Rate: CAGR of 4% from 2023 to 2030

• Pricing Growth Outlook: 10% - 15% (Annually)

• Pricing Models: Bundled-pricing, tier-based, and cost-plus pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: By service type (print design, website development, packaging design, advertising design, typography, illustrations, etc), operational and functional capabilities, technology used, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key Companies 

• Arhue

• Altair Product Design Inc.

• ANSYS Inc.

• People People (DEI Creative)

• La Visual Inc.

• Murmur Creative

• Ruckus Marketing LLC

• Pulp + Wire

• ESI Group

• LGND, LLC.

• Mucca Design

• Forever Sincretix

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

Exploring the Latest Trends in Digital Marketing Services Procurement Intelligence

The digital marketing services category is expected to grow at a CAGR of 13% from 2023 to 2030. North America is expected to remain the industry's dominant regional market. During the projected period, the region is anticipated to contribute between 38% and 42% of the total digital marketing cost. The vast target audience in the North American region motivates the major players and brands to market and promote their content, goods, and services online, which in turn propels the expansion of the digital marketing industry. According to projections, there will be more options for marketers to market their items online as a result of the growing number of online shoppers in North America. This will accelerate the expansion of the local market.

To maintain their competitiveness and meet the changing needs of businesses, suppliers in the category of digital marketing services have adopted a number of actions. These actions involve making investments in cutting-edge technology such as social media marketing, machine learning, and artificial intelligence. Companies are also continuously focusing on collaborating or developing their own technology. For instance,

• In April 2022, leading IT firm Infosys acquired Oddity, a digital marketing firm based in Germany. The acquisition of Oddity boosted Infosys's capacity for innovative brands and experience design.

• In January 2022, Smith, a digital commerce agency, acquired a digital marketing company Adept, based in Columbus, Ohio. The acquisition enabled Smith to offer a wider range of services and solutions to its clients, and it strengthened its position as a global leader in digital marketing.

Order your copy of the Digital Marketing Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The retail & e-commerce segment dominated the global digital marketing market share in 2022 and is anticipated to continue doing so in the following years due to fierce competition amongst smaller companies in that segment with bigger organizations to stay relevant and competitive in the market. Different retailers are improving their digital marketing tactics to increase consumer awareness of their brands and increase traffic to their e-commerce websites.

Digital Marketing Services Sourcing Intelligence Highlights

• The global digital marketing services category is fragmented, with the presence of several players in the market. Suppliers in digital marketing services invest in AI, machine learning, and social media marketing, and engage in strategic collaboration to stay competitive and meet evolving business needs.

• Staffing, tools and software, media buying, content creation, campaign management, and testing/optimization efforts form the most significant cost component in category implementation.

• The project's scope, complexity, target audience, desired outcomes, and time frame significantly influence the costs.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Digital Payment Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• IT Services Outsourcing Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

List of Key Suppliers 

• Accenture Interactive

• PwC Digital Services

• IBM iX

• Dentsu International

• iProspect

• WebFX

• Facebook Inc

• Google Inc

• IAC/InterActiveCorp

• Noble Studios

Digital Marketing Services Procurement Intelligence Report Scope 

• Digital marketing services Category Growth Rate: CAGR of 13% from 2023 to 2030

• Pricing Growth Outlook: 4% - 5%

• Pricing Models: Subscription-based, value-based, and flat rate pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: SEO and PPC Services, social media marketing, content marketing, customizations, analytics and reporting, operational capabilities, quality measures, technology, certifications, regulatory compliance, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

How Clinical Trial Imaging Services Procurement Intelligence Drives Success

The clinical trial imaging services category is anticipated to grow at a CAGR of 8.05% from 2023 to 2030. North America holds the largest category share at about 41%.The rising number of Contract Research Organizations (CROs) along with biotechnology and pharmaceutical companies, the increasing presence of chronic health diseases among the population, the development of innovative imaging techniques, and rising R&D investment to develop new drugs and therapies are some of the key factors driving the growth.

There are several key trends emerging in the category and some of them include the integration of artificial intelligence, betterment in data management & analysis, virtual imaging, and trials. For example:

• In January 2023, ICON plc, a leading provider of clinical trial services, announced the launch of a new imaging platform that enables real-time monitoring and analysis of imaging data in clinical trials

• In February 2023, PAREXEL International Corporation, a leading clinical research organization, announced the expansion of its imaging capabilities in Asia, with the opening of a new imaging center in Singapore

• In April 2023, BioClinica, a leading provider of clinical trial imaging services, announced the launch of a new imaging platform that would merge AI and machine learning technologies to improve the accuracy and efficiency of image analysis in clinical trials

The project and data management services segment accounted for 29% of the category share in 2021, providing operational expertise, tracking projects, converting scans into digital images, regulatory control, and issue resolution. Based on application, non-alcoholic Steatohepatitis (NASH) is a rapidly growing disease with a global prevalence of 25.2% and is expected to reach 63% by 2030, driving demand for its treatment. Companies are focusing on improving clinical trial studies to assess the effectiveness of therapies used for NASH. The Contract Research Organizations (CROs) segment accounted for 46% of the Research & Development market in 2021, driven by the increasing cost of drug development and the demand for outsourcing of research and development activities.

Order your copy of the Clinical Trial Imaging Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is fragmented with the presence of various small and medium-sized businesses that provide clinical trial imaging. Major market players are focused on research and development operations inside their organizations in order to extend their business across many geographies. To increase their share and boost their position, key corporations are pursuing various methods such as mergers, acquisitions, cooperation, and partnerships. For instance, ICON PLC purchased PRA Health Science in February 2021 to enhance its clinical research operations and worldwide healthcare intelligence.

Staff, software tools, logistics, and other elements have a significant impact on the cost structure of an imaging core laboratory. Radiologists who are responsible for data collection and image analysis account for 50 - 60% of the labor cost and 46 - 48% of the overall cost. Image upload, de-identification, data processing, and storage software, as well as picture analysis software, are all utilized. Logistics personnel assist with site setup, research site administration, trip supervision, and image transmission. Overhead is also influenced by maintenance and rental facility costs.

The majority of CROs use "variable pricing models," sometimes known as full-time equivalent (FTE). This implies that the CRO charges its sponsor a set fee for each full-time hour worked on the project. The notion is comparable to the term "billable hours" which is used in a variety of sectors. However, this model has its own disadvantages as the price of the services changes even during the study whenever the companies revise per-hour charges owing to the prevalent macroeconomic factors. This will lead to uncertainty about the overall budget required at the start of the study. This has pushed the CROs to adopt "fixed-fee pricing" as an alternative payment mechanism. The primary benefit of fixed-fee pricing is the clarity of the study's budget. Clinical trial sponsors know how much their initiatives will cost in advance, eliminating the chance of unexpected costs. This gives them more influence over the project's finances.

China and India are some of the preferred sourcing destinations for this category. India is a popular destination for imaging services due to its established medical sector. Suppliers offer competitive pricing, and skilled labor, and can accommodate various project sizes. China is renowned for its precision manufacturing, offering high-quality products and advanced technology. Its suppliers are known for their precision, reliability, and strict quality control processes. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Corporate Treasury Management Software Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Employee Assistance Program Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Clinical Trial Imaging Services Procurement Intelligence Report Scope 

• Clinical Trial Imaging Services Category Growth Rate: CAGR of 8.05% from 2023 to 2030

• Pricing growth Outlook: 20 - 30% (Annually)

• Pricing Models: Variable pricing model, fixed-fee pricing model,

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier selection criteria: Products and services, applications, modalities, operational capabilities, regulatory standards and mandates, category innovations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies

• Resonance Health

• Navitas Life Sciences

• IXICO plc

• ProScan Imaging

• Radiant Sage LLC

• Medpace

• Biomedical Systems Corp

• Cardiovascular Imaging Technologies

• Intrinsic Imaging

• BioTelemetry

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

タグ：Clinical Trial Imaging Services Procurement Intelligence

Exploring the Power of Facilities Management Services Procurement Intelligence

The global facilities management services category is expected to grow at a CAGR of 12% from 2023 to 2030. Hard facilities management customers are switching from labor-intensive to technologically sophisticated options, especially for security and fire. Managing growing energy expenses and achieving non-negotiable ESG targets and the decarbonization strategy are the major factors that make energy management solutions an increasingly sought-after investment topic in 2023.

According to Grant Thornton’s 2022 report, in the hard FM service sector, given the evolving nature of the workplace, the demand for office reconfigurations has increased steadily. In 2022, there were 14 deals for fabric maintenance, fit-out, and refurbishments compared to four deals witnessed in 2021. Similarly, HVAC facilities management deals in 2022 reached 12 compared to six in 2021.

On the other hand, based on FM M&A deals by type of acquirer, the percentage of deals completed by trade buyers amounted to 55% in 2022. This is a 6% increase from 2021. This indicated that private equity players are taking a cautious approach amid rising debt costs and trade buyers have realized that more consolidation can lead to economies of scale while maintaining the margins.

Grant Thornton’s FM 2023 report indicates that in H1 2023, transaction deals in the UK reached a total of 87. The deal volumes have continued their upward trajectory since 2019. It was also found that during the first half of the year, 47% of the facilities management deals in the region were funded by private equity. Hard FM deals continued to dominate the category in H1 2023. Cleaning services in soft facilities are expanding as a result of the ongoing focus on hygiene following the pandemic. In H1 2023, soft facilities management deals in the cleaning services segment increased to 23% compared to 15% in H1 2022.

Order your copy of the Facilities Management Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

A few instances of some of the notable deals in the FM sector were:

• In July 2023, Cap10 Partners LLP announced the acquisition of Sureserve Group plc. The deal was valued at USD 260 million. The latter specializes in providing compliance and energy services. Through Cap10’s support, Sureserve aims to achieve the UK’s Net Zero targets of many public sector bodies and social housing.

• In May 2023, Freshstream Investment Partners Limited announced the acquisition of MCR Group. The latter is an Irish provider of outsourced solutions such as security, personnel, engineering, and cleaning services. The deal aims to expand MCR’s operations further across Ireland.

• In March 2023, Carbon Architecture was acquired by Bellrock Property & Facilities Management. This was Bellrock’s first venture in the decarbonization sector. The deal would enable Carbon Architecture to form a new division while expanding its analytics and software solutions to Bellrock’s 900+ clients. The solutions will help customers achieve their net-zero targets.

• In March 2023, HIG Capital through its affiliates purchased Synecore and Meesons Future Limited. The Andwis Group will be formed by Meesons, Synecore, Classic Lifts and CPS. The last two are H.I.G.'s portfolio companies. With the help of this deal, they aim to form a combined integrated technical services provider serving all HVAC sub-segments across commercial, leisure, retail, and hospitality industries.

Facilities Management Services Sourcing Intelligence Highlights

• The global facilities management services industry is highly fragmented. Compared to hard FM services, the soft FM services market is more consolidated. However, the number of transaction deals occurring in the hard facilities management services sector has been on the rise following the pandemic.

• The four major cost inputs in this category are labor, materials and supplies, energy, and taxes and government policies.

• The bargaining power of the global suppliers is moderate due to increased fragmentation. However, compared to general service providers, integrated facilities management suppliers command a higher bargaining power owing to the provision of specialized services and a higher global reach.

• In this category, Germany is the most mature and the largest market in Europe.Innovations like personalized workspace concepts and active space management are what distinguish these markets in particular. Higher ESG standards and increased operation and maintenance costs force companies to make larger investments in their structures.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Management Consulting Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Customer Relationship Management (CRM) Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

List of Key Suppliers 

• Jones Lang LaSalle IP Inc. (JLL)

• Sodexo

• CBRE Group, Inc.

• Compass Group plc

• Cushman & Wakefield Global, Inc.

• MAB Facilities Management

• Aramark Corporation

• EMCOR Facilities Services, Inc.

• OCS Group

• Serco Group plc

• Veolia Environment S.A.

• Tenon Group

• ISS A/S

Facilities Management Services Procurement Intelligence Report Scope

• Facilities Management Services Category Growth Rate: CAGR of 12% from 2023 to 2030

• Pricing Growth Outlook: 10% - 18% (Annually)

• Pricing Models: Cost Plus, contract-based, fixed and variable service-based pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Type of FM service (cleaning, HVAC, food, laundry, building, etc.), technological software, operational capabilities, quality measures, certifications, data privacy regulations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

Brewing Procurement Intelligence: From Insights to Action

The brewing category is anticipated to grow at a CAGR of 7% from 2023 to 2030. The Asia Pacific is the largest geographic segment in this category with a 30% market share. Brewing is a method for controlling how water, starch, yeast, and hops interact to produce beer. The growth and demand for this category will be driven by an increase in the demand for beers from around the world as well as an increase in the consumption of craft brews.

The key trends in recent years are driven mostly by consumer preferences, technological advancements, and sustainability considerations. These include craft beer, microbreweries, non-alcoholic or low-alcohol beers, experimental and innovative flavors, collaboration, and limited-edition releases. These trends can vary across different regions and markets as new trends continue to emerge as the category industry evolves.

This category is a highly fragmented market due to the presence of numerous global, regional, and local players. Several large players are accounting for a large majority of sales in this category whereas smaller companies have a significant opportunity to compete and expand their market share. Numerous small breweries are currently offering high-quality products, enabling them to effectively compete in the market. This is especially advantageous due to the prevailing market trends favoring craft beer and alternative alcoholic beverages. As consumer preferences shift towards unique and artisanal offerings, microbreweries are well-positioned to fulfill these demands and attract customers. Consequently, the brewing category presents substantial growth potential for businesses operating in this segment.

Order your copy of the Brewing Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

SBT is a brewing tech company with two proprietary technologies BrewVo and NexDraft, which enable the production and distribution of beer at one-sixth the traditional volume and weight. Smart dispensing systems integrated with Internet of Things (IoT) technology are being developed to elevate the customer experience. To ensure ideal serving conditions and minimize downtime for bar and restaurant operators these systems can monitor keg levels, temperature, and other characteristics in real-time. The TapRm platform is designed to enable breweries as well as other alcohol brands to sell to consumers directly. Using these new technologies, breweries can market their products at an affordable cost.

The price and cost of brewing can vary depending on several factors, such as the type of beer being brewed, the scale of production, the ingredients used, and the equipment involved. Ingredients include malt, hops, yeast, water, and any additional flavorings or adjuncts. Equipment can vary from small home brewing setups to large-scale commercial brewing systems. Production scale affects both price and cost, with larger breweries benefiting from economies of scale. Packaging and distribution can contribute to costs, as well as overhead expenses.

The most important details when sourcing ingredients for this category are to establish relationships with suppliers, ensure quality control measures, traceability and transparency, local and sustainable sourcing, consistency and availability, cost considerations, continuous evaluation, networking, and industry associations, and stay updated on industry trends. These factors will help ensure product safety and quality, reduce transportation distances, maintain consistency and availability, and meet customer demands. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Chemical Management Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
•  
• Fiber Reinforced Plastics Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Brewing Procurement Intelligence Report scope 

• Brewing Category Growth Rate: CAGR of 7% from 2023 to 2030

• Pricing Growth Outlook: 2% - 5%

• Pricing Models: Cost-Plus Pricing, Market-Based Pricing, Premium Pricing, Dynamic Pricing

• Supplier Selection Scope: Quality of Ingredients, Consistency and Availability, Industry Reputation and References, Pricing and Cost, Traceability and Certification like GFSI (Global Food Safety Initiative)

• Supplier selection criteria: Quality, Reliability, Customer Service, Price and Cost, Sustainability and Ethics

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies 

• Anheuser-Busch InBev

• Heineken

• China Resources Snow Breweries

• Carlsberg

• Molson Coors Brewing

• Tsingtao Brewery Group

• Asahi

• Yanjing

• Kirin

• Constellation

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

The Future of Corrugated Board Procurement Intelligence Unveiled

The corrugated board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations.

The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements.

Type-C flute segment dominates the market owing to its characteristic property of higher compression and more durable stacking strength than the B type. It is utilized for furniture packaging, glass, and shipping cases. Owing to less utilization of fiber materials, it facilitates high load-bearing capacity.

Companies are continuously focusing on partnering or developing their own technology. For instance,

• In 2022, a Menasha Corporation subsidiary, the Menasha Packaging Company signed a contract to buy the assets of color-box, an L.L.C. business unit from Georgia-Pacific, which manufactures high-graphic boxes. This collaboration will allow them to reach clients with more designs, graphics, and structural packaging options.

• In August 2021, DS Smith, as a part of Blaue Helden’s e-commerce packaging design, developed a 100% recyclable packaging solution for e-commerce. It offers eco-friendly cleaning tabs from Blaue Helden that have a more appealing packaging design with no plastic filling material.

• In March 2021, International Paper acquired two corrugated plants in Spain. This has allowed them to expand operations in Catalonia and Madrid. The company is focused on high-quality packaging solutions for e-commerce, and vegetable & fruit packaging in the EMEA region.

• In February 2021, BCoolBox, a new product of Mondi features a thermo insulation packaging solution to keep fresh foods and produce cold without having any external sources for cooling of items. This has the capacity to keep produce below 7 degrees for about 24 hours of duration.

Order your copy of the Corrugated Board Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Category growth is expected to be fueled by the increasing awareness and environmental concerns related to the use of plastic packaging. The utilization of corrugated boards in varied industries like food & beverages, shipping, healthcare, e-commerce, and consumer goods is a key factor driving the growth trend in this category. The rising demand for an innovative corrugated board is attributed to its advantageous features, including high graphics boxes, thermo-insulating packaging, and e-commerce packaging solutions.

Corrugated Board Sourcing Intelligence Highlights

• There are many small and major competitors operating in various countries, creating a fragmented market for corrugated boards globally. Competition is intense amongst the competitors as they try to take the lead by continuous R&D to develop new technologies, make strategic alliances, and have mergers and acquisitions to increase their consumer base and enhance customer service.

• The suppliers of raw materials in this category such as Kraft paper, corn starch, and steel wires have increased over time, reducing the supplier’s bargaining power to some extent

• Kraft Paper, labor, and cornstarch used for making glue form the most significant cost component in the category. The overall cost also depends on the type of flute used such as A, B, C, E, F, and other types

• Most service providers offer complete services from designing, customization, delivery, and others

List of Key Suppliers 

• DS Smith

• Smurfit Kappa

• WestRock Company

• Mondi

• Packaging Corporation of America

• Stora Enso

• International Paper

• Georgia-Pacific

• Oji Holdings Corporation

• Port Townsend Paper Company

Browse through Grand View Research’s collection of procurement intelligence studies:

• Blow Molding Plastic Packaging Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Blister Packaging Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Corrugated Board Procurement Intelligence Report Scope 

• Corrugated Board Category Growth Rate: CAGR of 6.8% from 2023 to 2030

• Pricing Growth Outlook: 20% - 25% (Annually)

• Pricing Models: Cost plus pricing model, and market-based pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: By type, operating capability, quality measures, technology, certifications, regulatory compliance, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

Unlocking Innovation with Polyurethane Procurement Intelligence

The polyurethane (PU) category is anticipated to grow at a CAGR of 4.4% from 2023 to 2030. The term polyurethane denotes a category of polymers made up of organic molecules connected by carbamate bonds. In 2022, the Asia Pacific region held a dominant position in the market, contributing over 45.1% of worldwide revenue. PU is widely used in numerous end markets, in a variety of forms such as flexible, rigid, elastomers, adhesives, coatings, sealants, and others. Hence, it plays a very important role in consumer markets. According to Plastics 2021 report, among polymers, PU held a market share of 8 - 10%, however, the category is gaining traction as companies increasingly focus on sustainability. For instance, manufacturers and suppliers have increased the pace of sustainable and bio-based PU commercialization dramatically. In recent times, the growing trend of consumers' interest in sustainability is reflected in the usage of polyurethanes in electric vehicles.

The increased demand from the automotive and construction sectors coupled with a strong focus on sustainability measures and the use of recycled materials are driving the category growth. The robust demand for packaging as a result of the high online sales and booming e-commerce sector is also aiding the expansion of PU. The new 2023 isocyanate regulations on products using PU will likely hamper the category to some extent. Diisocyanates are a key component in PU coatings, foam, and adhesives and they are highly reactive.

According to the new EU REACH regulations, diisocyanates cannot be utilized after August 24, 2023, either alone or in mixes for industrial and professional usage. It can be used under these conditions - a) diisocyanates constitute less than 0.1% of the total weight and b)When utilizing objects that contain more than 0.1% of the chemical, the employer should confirm that its employees or workers have received instruction on how to utilize diisocyanates safely.

The polyurethane category is highly fragmented. On a parent level, the growing use of different types & specifications of polymers across several industries has resulted in increased fragmentation. With the evolvement of production processes and new applications, new PU suppliers continue to enter the market. As a result, the bargaining power of suppliers is reduced. However, large corporations such as Dow Chemical or BASF have higher negotiation power compared to small players owing to a larger share of the market and brand value. To meet the growing demand, companies are also expanding their capacities. Prominent providers of polyurethane and several startups are creating bio-based or recycled substitutes for PU feedstock. For instance,

• In November 2023, Arkema announced the introduction of its latest bio-based polyurethane thickeners for interior and exterior applications. The solutions are expected to provide more than 30% savings in energy.

• In January 2023, BASF announced the expansion of its methylene diphenyl diisocyanate (MDI) project located in Louisiana, U.S. The capacity will increase to 600,000 metric tons annually to meet the growing MDI demand in North America.

Order your copy of the Polyurethane Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Reactions between polyols and diisocyanates-both of which are frequently sourced from crude oil-produce polyurethane foams. Other materials, including colourants, catalysts, additives, and carbon dioxide or water, are combined with the diisocyanates and polyols according to the specifications of the PU foam that is to be created. Hence, such raw materials form a significant component in the total cost of polyurethane. Fluctuations in the prices of crude oil can have a dramatic effect on the total cost of production. Raw materials, energy, equipment, labour, transportation, storage, and facilities are some of the key cost components. Other costs can include marketing, utilities, indirect or overhead costs, repairs and maintenance, tax, insurance, etc.  

Polyurethane resin prices followed a bearish momentum throughout October 2023. The primary reasons were attributed to reduced international exports and low demand from both the automotive and construction industries. As OPEC+ countries continue to cut production rates, crude oil prices have depreciated by more than 1% due to easing sanctions imposed upon Venezuelan crude oil. At the end of Q3 2023, PU resin (grade: rheological) prices in the North American region declined on account of decreasing methyl diisocyanate and toluene diisocyanate prices. The prices of methyl and toluene diisocyanate witnessed a 14 - 15% drop during the same period. Growing federal interest in the U.S. caused many mortgaged building projects to be cancelled, which further decreased PU demand from the construction sector. PU demand was also low in the automotive sector as a paint modifier. At the end of June 2023, PU prices reached USD 1,863/MT. At the end of Q2 2023, polyol prices reached USD 3,290/MT.

The top exporters of polyurethanes are Vietnam, China, Germany, and the U.S. as of November 2023. Vietnam accounted for 1,531,580 export PU shipments in August 2023. On the other hand, China (USD 845 million), Germany (USD 509 million), Vietnam (USD 451 million), the U.S. (USD 425 million), and Italy (USD 403 million) were the biggest importers of polyurethanes in 2021. The majority of the world's polyurethane exports are shipped to Vietnam, India, and Indonesia. Germany and China, together account for almost 30 - 35% of the total exports worldwide. Most of the large end-user organizations enter long-term contracts with their approved providers, under sourcing intelligence. For only chemical manufacturing, most of the time, companies/ clients prefer full outsourcing. However, depending on the product and application area, sometimes companies also use a hybrid outsourcing model. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Chemical Management Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Plasticizers Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Polyurethane Procurement Intelligence Report Scope

• Polyurethane Category Growth Rate: CAGR of 4.4% from 2023 to 2030

• Pricing Growth Outlook: 10% - 15% (Annually)

• Pricing Models: Volume-based, spot-pricing, and contract-based pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Production capacity, properties (weight, temperature, pressure, etc.), operational and functional capabilities, technology used, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key Companies

• Dow Chemical Company

• BASF SE

• Covestro AG

• Huntsman International LLC

• Eastman Chemical Company

• Mitsui & Co. Plastics Ltd.

• Mitsubishi Chemical Corporation

• Recitel NV/SA

• DIC Corporation

• RTP Company

• The Lubrizol Corporation

• RAMPF Holding GmbH & Co. KG

• Tosoh Corporation

• Wanhua Chemical Group Co., Ltd

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

Uncovering Key Trends in Learning and Development Procurement Intelligence

The learning and development (L&D) category is expected to grow at a CAGR of 3% from 2023 to 2030. The field of the L&D industry is undergoing continuous and swift transformative shifts and advancements. It is fundamentally altering how organizations tackle employee development and skills improvement. L&D service providers must proactively adapt to changes, incorporating elements such as on-the-spot learning, virtual and augmented reality fusion, data-informed insights, and microlearning. Staying ahead of these developments is crucial for designing effective and forward-looking L&D programs.

The landscape of L&D services has experienced a transformation through the integration of eLearning, enhancing employees' learning capabilities and fostering retention. Moreover, it has streamlined the tasks of service providers by facilitating data management, information administration, and performance tracking for their clients. This, in turn, enables more informed decision-making regarding training interventions tailored to address specific knowledge and skill gaps of the client’s organization.

Personalized L&D that aligns with individual employees' unique needs and preferences is becoming increasingly popular among service providers. Achieving personalized services involves utilizing various methods, such as adaptive learning algorithms, self-assessments, and one-on-one coaching sessions. The advantages of a personalized approach in employee training include heightened engagement, improved retention rates, and enhanced performance. Additionally, it empowers employees to learn quickly and in their preferred manner, which will indirectly influence L&D service providers’ business positively.

The overall outcome of the service providers depends on the success of the individual employee learning experience. This has resulted in adopting a centric approach by centering on employees and optimizing each experience. To provide employee-centric expertise, service providers usually take time to understand each employee's personas and specific needs and challenges. Through this, service providers can enhance the effectiveness of their training program and move closer to achieving clients’ goals.

Order your copy of the Learning and Development Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Service providers also focus on a collaborative learning approach, emphasizing social interaction and promoting teamwork, communication, and knowledge sharing. Various methods facilitate collaborative learning, including group projects, peer-to-peer mentoring, and online forums. This approach is instrumental in cultivating an organization's learning culture, ultimately enhancing clients’ engagement and retention with the service providers.

L&D service providers maintain specialized in-house teams that skillfully manage various aspects of their services. This encompasses proficient handling of tasks such as instructional design, content creation, training delivery, and technology development. These internal teams consist of subject matter experts, instructional designers, trainers, and other experienced professionals with a focus on learning and development. On the other hand, the expenses incurred in providing L&D services can vary widely depending on factors such as the type of training, the industry, the scale of the program, and whether the training is delivered in person or online. Service providers need to carefully budget for these expenses to ensure the quality and effectiveness of their programs. For instance, providing e-learning, webinars, and online materials can be a cost-effective solution compared to traditional in-person training. Reducing training expenses hinges on adopting a strategic approach to the timing and method of employee training.

Browse through Grand View Research’s collection of procurement intelligence studies:

• IT Services Outsourcing Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Employee Training Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Learning and Development Sourcing Intelligence Highlights

• Buyers such as large corporations and organizations seeking learning and development services have high bargaining power. This depends on factors such as the availability of alternative providers, the uniqueness of the services offered, and the importance of the benefits to the buyers.

• The category is fragmented, with the presence of numerous players in the category. Top players such as Korn Ferry, Wildsparq, and Dale Carnegie continuously focus on providing specialized, innovative, and technology-driven L&D programs to offer more relevant and tailored services to their clients.

• Trainers’ salary, IT costs, facility rental, staff training, marketing and advertising, and others are some expenses incurred when providing services.

• The cost of services depends on various factors, such as type of service, location of the L&D session, number of participants, and complexity of the program. Providing online learning sessions is the most cost-effective approach.

List of Key Suppliers 

• Korn Ferry

• Wildsparq

• Dale Carnegie

• FranklinCovey

• Cognician

• The Mintable

• AllenComm

• 360Training

• Hone

• Aptimore

Learning and Development Procurement Intelligence Report Scope

• Learning and Development Category Growth Rate: CAGR of 3.0% from 2023 to 2030

• Pricing Growth Outlook: 5% - 7% (Annually)

• Pricing Models: Service-based pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Services provided, end-to-end services, project timeline, customization, technology used, global reach, regulatory compliance, operational capabilities, quality measures, certifications, data privacy regulations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

Understanding the Scope of Immigration Services Procurement Intelligence

The immigration services category is anticipated to grow at a CAGR of 5.8% from 2023 to 2030. Over the last two years, the number of international immigrants in Europe and Asia has increased significantly despite travel restrictions. The period between June 2021 and June 2022 has been noteworthy for a variety of reasons. Record levels of immigration in the U.K. have been attributed to a number of factors, including the lifting of lockdown restrictions in the U.K., the first 18 months period after the U.K.'s exit from the EU, the Russian-Ukraine war, a fresh visa route for British citizens living in Hong Kong (overseas), and the resettling of Afghan refugees. According to the U.K. Home Office Department estimates in 2022, more than 1.1 million people have immigrated to the U.K. between June 2021 and June 2022. During the same period, almost 89,000 people entered the country on account of Ukrainian Visa schemes. The demand for immigration services has in turn increased significantly because of these economic conditions.

Similarly, according to a report published by the International Labor Organization in 2022, it was found that the Asia-Pacific region accounted for more than 25% of migrant arrivals in OECD countries. Certain corridors in the region are affected by distress migration, particularly Bangladesh, Afghanistan, and Myanmar; there is also climate change-related migration occurring in the Pacific and among small island states. Many women migrants working in domestic, or contract jobs have frequently left countries such as Indonesia, Sri Lanka, Thailand, and the Philippines.

The number of immigrants in the U.S. is rising. Estimates from the Census Bureau in 2022 show that between 2005 and 2022, the total population of immigrants increased by almost 30%, reaching just over 46 million individuals in 2022. According to the figures, there were significant increases in immigration from Asia and Latin America in 2022. Additionally, a significant portion of newcomers held post-secondary or college degrees.

Order your copy of the Immigration Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key
negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Another factor aiding the category expansion is the growing demand from out-of-country students who want to visit again after taking classes remotely during the pandemic. Organizations are spending more money on the resources and technologies required to integrate immigrants promptly and efficiently into their workforce. According to a study in 2021, I-9 paperwork was discovered to include errors in more than 76% of cases, which resulted in a fine from the Immigration and Customs Enforcement Department. Hence by and large service providers are focusing on adopting immigration software solutions that use the latest technology such as AI-powered predictive analytics to predict whether a case will be approved based on the application details. A few instances:

• In 2022, the Canadian government announced the implementation of Chinook, which leverages advanced technology and is a Microsoft Excel-based software designed by “Immigration, Refugees, and Citizenship Canada” (IRCC). Applications for temporary residency would be processed using this technology. By minimizing the effects of system and internet latency, it seeks to enhance customer service and increase efficiency.

• In October 2022, A legal technology and data firm, Fastcase and Siskind Susser, P.C. has collaborated to develop new artificial intelligence case management solutions built on the cloud to support immigration procedures. The new product will incorporate thousands of documents from the “American Immigration Lawyers Association Practice and Procedures Manual”. The tool will be developed on the “Next Chapter” case management platform.

• In May 2022, MyCase acquired Docketwise, which is an immigration technology and software firm. The standalone version of Docketwise will continue to remain available. The acquisition would enable Docketwise’s platform to have capabilities such as CRM integration, case management, and case tracking for smooth automation of immigration applications.

• In November 2021, formally was established as a legal tech start-up company that leverages AI to streamline immigration applications.

The global immigration services category is highly fragmented. This can be attributed to the presence of many large-scale immigration consulting service providers and pure-play immigration service providers. Due to high market fragmentation, there is a rise in many small and medium-scale unorganized players. As a result, there is an increase in counterfeit agencies which has become a major concern for service providers. For instance, in 2022, the number of immigration scams in the U.S. and Canada has risen steadily, particularly the H1-B registration system frauds in the U.S. Accordingly, service providers are actively engaging or collaborating with technology providers to develop new tools and thereby minimize the threats. Furthermore, the bargaining power of buyers increases due to low switching costs and the presence of many players.

The primary cost components include the services provided by the vendors such as consultant/translator salaries, tools and software required for automating and authenticating applications, report preparations, etc. Other overhead costs can include facilities and utilities, other permit fees, travel expenses, marketing and advertising, taxes, etc.  Factors such as the number of applicants, type of application, complexity and expertise, time, and resources required to conduct the checks and examination add up to the cost.

For instance, the government filing charges are around USD 1,760 for domestic applicants in the U.S. seeking a family-based green card and USD 1,200 for international applicants. The charges are without a medical examination. Similarly, on average, a medical exam costs around USD 200. Biometric costs can range between USD 80 – 100 for domestic U.S. applicants.  The filing charges and examination amount can vary significantly by provider. On the other hand, if the green card application or documents require any language translation by a translator other than English, the total cost of services will also increase. For instance, a one-page birth certificate-certified translation could cost anything from USD 20 to 40.

Some of the negotiation strategies considered in this category are evaluating visa and green card sponsorship terms and market conditions, understanding data ownership and termination provisions, selecting proper legal counsels having special expertise in this domain, and evaluating suppliers on immigration tools and software to prevent duplication errors and fines from immigration authorities. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Lab Supplies Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Lime Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Immigration Services Procurement Intelligence Report Scope 

• Immigration Services Category Growth Rate: CAGR of 5.8% from 2023 to 2030

• Pricing Growth Outlook: 5% - 12% (Annually)

• Pricing Models: Cost Plus and Volume based (per applicant-basis) model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Type of immigration service offered, technical specifications, operational and functional capabilities, software and technology used, data privacy regulations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key Companies

• Baker and McKenzie International

• Deloitte Touche Tohmatsu

• Berry Appleman and Leiden LLP

• Ernst & Young Global Limited

• Foster LLP, Fragomen

• KPMG

• Mayer Brown

• Morgan Lewis and Bockius

• Maple Immigration Services

• WWICS

• Work Global Canada, and PWC.

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions

Unlocking Growth Opportunities through IT Services Outsourcing Procurement Intelligence

The IT Services Outsourcing category is anticipated to witness growth at a CAGR of 8.52% from 2023 to 2030. In 2022, Asia Pacific accounted for 35% of the market share followed by North America and Europe. North America has a thriving technological environment with the presence of a large number of IT firms, startups, and research institutes. IT outsourcing firms can benefit greatly from the region's emphasis on cutting-edge technologies like blockchain, AI, and IoT. A large number of American businesses are becoming more global in scope. They frequently look for IT outsourcing partners that can assist them in setting up and managing IT infrastructure in new areas to accomplish this expansion effectively. In addition, the Europe market is also witnessing steady growth. As compared to Italy and France, the UK and Germany exhibit higher revenue. The focus of players in this region is shifting from cost reduction to innovation and value-added services.

Besides BFSI and aerospace, the healthcare end-use segment is also witnessing continued growth owing to the surge in the development of software platforms that are specifically designed to meet the needs of healthcare professionals and the growing use of big data in the medical industry. For the healthcare industry, managing health information across computerized systems is essential. In order to guarantee a secure information interchange between suppliers, customers, and quality inspectors, companies outsource their information technology solutions. By utilizing information technology, healthcare institutions can reduce expenses incurred in the maintenance of patient records while also minimizing human error, and improving patient safety and dependability. Furthermore, a large number of telecommunication businesses are also contracting out their value-added services, such as next-generation communication, content, and commerce services, to IT service providers.

The category is witnessing higher adoption of blockchain technology. This technology enables programmers to build safe cross-decentralized computer data storage applications. It is gaining popularity due to the growing need for the decentralized web to facilitate anonymous transactions. It offers increased transparency in addition to increased security and defense against cyberattacks. Blockchain technology combined with AI/ML technologies will reduce financial risks and immune the business enterprise against financial fraud. Most companies are eager to work with the best IT services outsourcing providers in order to stay updated with current state of the digital industry. It will provide increased performance, competitiveness, and scalability for their company. The application of AI in the IT sector has been around for a while, and it has a promising future. IT outsourcing service providers may lower human mistake rates, save time and money, and free up staff members to work on more intricate and imaginative projects by utilizing AI tools like natural language processing (NLP), robotic process automation (RPA), and chatbots.

Order your copy of the IT Services Outsourcing Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The demand for the services offered in this category intensified post the outbreak of COVID-19 pandemic. It forced every industry to move to digital solutions to maintain corporate operations. At the start of the pandemic, businesses all over the world abruptly changed to remote working modes, which greatly increased the need for cloud-based management tools. They are fully converting to cloud services after realizing about its various advantages. In addition, numerous businesses are opting to outsource IT services in order to stay relevant, driven by the acceleration of digitalization, the ongoing shortage of tech talent, and the emergence of cutting-edge technologies like artificial intelligence (AI) and robotic process automation (RPA). Due to the lack of competent IT staff and superior software, more businesses started choosing to outsource their digital transformation initiatives. The pandemic has led to a variety of new consumer demands, pushing companies to provide quick, cutting-edge solutions.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Advertising Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Enterprise Resource Planning (ERP) Software Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

IT Services Outsourcing Intelligence Highlights

• The IT Services Outsourcing category exhibits a fragmented landscape, with intense competition among the service providers.

• India is the preferred low-cost/best cost country for sourcing IT Services Outsourcing owing to the presence of robust IT sector, offering access to a sizable talent pool of intelligent people with a background in technology, including engineers, data analysts, and software developers.

• Buyers in the category possess high negotiating capability owing to the intense competition among the service providers based on number of services and prices, enabling the buyers with flexibility to switch to a better alternative.

• Setup costs (infrastructure, transition, and migration), labor, software licensing fee for service provider, rent & utilities, and maintenance & upgradation are the major cost components of IT Services Outsourcing category.

List of Key Suppliers 

• Accenture plc

• Atos SE

• Capgemini Services SAS

• Cognizant Technology Solutions Corporation

• DXC Technology Company

• HCL Technologies Limited

• Infosys Limited

• International Business Machines (IBM) Corporation

• NTT DATA Group Corporation

• TATA Consultancy Services Limited

• Wipro Limited

• WNS (Holdings) Ltd.

IT Services Outsourcing Category Procurement Intelligence Report Scope

• IT Services Outsourcing Category Growth Rate: CAGR of 8.52% from 2023 to 2030

• Pricing Growth Outlook: 5% - 10% increase (Annually)

• Pricing Models: Fixed pricing, time & materials pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Geographic service provision, industries served, years in service, certifications, custom software development, infrastructure management, cloud services, cybersecurity, quality assurance & testing, technical support, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships

• 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 disruptions