Unlike the manufacturing and the retail sectors which have reinvented themselves to meet the changing trends and demands of the market; the construction industry has for some reason failed miserably in keeping a track of the latest developments in the market. High fragmentation of the industry along with stringent regulations and inherent corruption in the…
Once a luxury, health insurance is now a fundamental need. Rather, in several countries health insurance is a necessity for every citizen. Providing minimum health cover, for sure, is a daunting task for governments; at the same time the growth pace of the health insurance market is rather commendable. Procurement analysts at Technavio believe that…
A strong web presence is one of the essential elements for buyers to enhance their brand value and build a strong connect with their customers. Even the SMEs are working towards enhancing their web presence, which according to procurement specialists is one of the major drivers of the global hosting services market. Category managers give…
Procurement managers have always been cautious when it comes to the volatility in the insurance market. While improvements in regulatory measures, product innovations, and a decrease in premium costs have helped buyers – increase in inflation rates, the emergence of P2P (peer to peer) operating model and low adoption of technology have kept the suppliers…
From focusing on comfort to giving importance to creativity and aesthetic effect, the global furniture and furnishing market has evolved significantly. Suppliers in the market understand that shrinking workspaces and a high number of health issues due to poor sitting posture have boosted the demand for modular and ergonomically designed products. The overall procurement process,…
Smooth conduct of overseas business is perhaps one of the biggest advantages of globalization. Increased business activities at the global level have necessitated the need to meet and conduct events for better exchange of ideas, planning, and strategy building. In fact, this trend towards increased number of meetings and events has led to the evolution…
