INTELLIGENT BRANDS // Software for Business
Epicor releases findings of global
survey into business growth in
the manufacturing sector
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Software provider Epicor
unveils the results of 2019
Global Growth Index.
delivering important products we use every
day,” said Epicor CEO, Steve Murphy.
“As such, the health of the manufacturing
industry is something we should all be
concerned about. While it’s good news to
see that growth in this industry is still taking
place, we need to keep a close eye on what
factors are contributing to this growth and
what factors are causing a lag.
M
anufacturing business growth has
continued to rise over the past
year, but at a much slower rate
than the previous 12 months.
Despite challenging market conditions and
the difficulty in recruiting and retaining
skilled staff, there has been a marginal
1% rise in the number of businesses
reporting growth.
Steve Murphy, CEO at Epicor Software Corp
“The information in the Global Growth Index
empowers businesses so they can make
strategic plans that will best position them
for the future.”
Now in its third year, the Epicor Global
Growth Index is designed to measure the
state of worldwide business growth within
the manufacturing industry.
The index tracks the performance of
businesses – year on year – within 13
territories across a number of key indicators,
including turnover, profits, headcount and
product range. Compared to last year’s
results, the Growth Index rose by one
percent. This is down from the 3.7% in the
previous 12-month period.
These findings are survey results unveiled
today from the annual Global Growth Index
by Epicor Software Corporation – a global
provider of industry-specific enterprise
software to promote business growth.
For those companies who have experienced
growth, maintaining it hasn’t been easy over
the past year. Forty-two percent admit it has
been challenging, while a fifth (22%) have
found it stressful.
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Forty percent of businesses cite market
conditions as having a negative impact on
growth, and 23% feel that staff skills and
experience have also played a detrimental
part in maintaining growth. Political volatility
and uncertainty also continue to be a
common cause for concern across the globe.
“The manufacturing industry plays an
integral role in our global economy and
people forget that it is responsible for
Reid Paquin, Research Director, IDC,
said: “Investing in the right technology,
such as Enterprise Resource Planning
(ERP) solutions, can help businesses
better plan for change by improving
visibility and insights into current
operational workflows. This can help
alleviate stress and enable people to deal
with challenges more effectively, by
providing the flexibility, agility and
adaptability needed to respond to market
conditions and customer demands.
Technology can also have a positive
influence on other factors including work
ethic and staff recruitment and retention.” n
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