News Article | May 29, 2017
— Orbis Research released a new research report on title “Global Financial Services Applications Market by Services, Software, Geography, Trends, Forecast (2017-2022)”, Report Focuses on Market Status and Forecast, by Players, Types and Applications’ with detailed analysis, forecast and strategies. The Global Financial Services Applications Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 - 2022. Financial Services Applications have come into focus ever since financial Institutions have introduced online solutions and innovations such as person to person payment, online transfers, alerts and other such services. The Applications comes into play when organizations wish to integrate risk, performance and compliance. Such an application not only helps us monitor risks and manage them according to the changing trends and requirements, but also helps us plan and invest smarter within minimal cost and time. Using the technology, the banking and financial sector can incorporate risks into mainstream decision making, consistently monitor performance, promote a culture that incorporates risk management, delivers business and profitability insights and provides relevant market intelligence. All the above mentioned activities facilitate an accurate assessment of the business and its potential risks. The drivers of this technology are: the need to automate quantified data, a necessity for better and risk-free decision making and transactions, backing value added services such as insurance, mutual funds, loans, pensions etc., and adapting to the current changing trends to a consumer-centric market; all of which are required for the economic stability of a nation. The need to develop a fool-proof system with the ability to handle dynamic trends, streamline internal processes and introduce a financial services application performance monitoring system can be listed as some of the areas showing opportunity in the sector. The market is segmented on the basis of function (Business Intelligence and Analytics, Audit and Risk, Business Transaction Processing, Customer Experience, Enterprise IT), deployment (On-Premise and Hosted), services (Consulting, Integration, Training, Maintenance, Operations and Support) and geography (Broadly into North America, Europe, APAC, Middle East, Africa and Latin America). Market intelligence on the competition aspect has shown some big and establishes players who have stood the test of time in the IT Sector such as Accenture, IBM Corporation, Oracle, Infosys, SAP AG, TCS, FIS, Misys, and Temenos. What the report offers 1. Market Definition for the Financial Services Application along with identification of key drivers and restraints for the market. 2. Market analysis for the Financial Services Application Market, with region specific assessments and competition analysis on a global and regional scale. 3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale. 4. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares. 5. Identification and analysis of the Macro and Micro factors that affect the Financial Services Application Market on both global and regional scale. 6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. Table of Contents 1. Introduction 2. Research Methodology 3. Key Findings 4. Executive Summary 5. Financial Services Applications - Market Overview and Technology Trends 6. Financial Services Applications Market - By Services 7. Financial Services Applications Market - By Software 8. Financial Services Applications Market - By Deployment 9. Financial Services Applications Market - By End-User Type 10. Financial Services Applications Market - By Region 11. Competitive Landscape - Key Company Profiles 12. Investment Analysis 13. Future Outlook of Global Financial Services Applications About Us: Orbis Research is a single point aid for all your Market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required Market research study for our clients. For more information, please visit http://www.orbisresearch.com/reports/index/global-financial-services-applications-market-by-services-software-geography-trends-forecast-2017-2022
News Article | May 23, 2017
LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global motorcycle advanced driver assistance system (ADAS) market to grow at a CAGR of more than 27% during the forecast period, according to their latest report. The market study covers the present scenario and growth prospects of the global motorcycle ADAS market for 2017-2021. The report also lists anti-lock braking system (ABS) adaptive cruise control (ACC), traction control system (TCS), as the three major ADAS systems, of which ABS accounted for more than 57% of the market share in 2016. Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio analysts highlight the following three market drivers that are contributing to the growth of the global motorcycle ADAS market: Increased adoption of ACC in motorcycles to complement use of motorcycle side-view assist system According to Technavio, customers who use touring motorcycles, prefer their motorcycles to be fitted with ACC. This is because ACC helps prevent wrist cramps that occur while riding long distance and maintain speed limits. ACC helps increase the efficiency in terms of performance and features over traditional cruise control. The presence of a backend unit in ACC ensures the monitoring of engine revolutions per minute (RPM) and speed signals, which are used to automatically adjust according to the terrain, contrary to traditional cruise control. As it increases comfort level and safety level over traditional cruise control, OEMs in the ultra-luxury segment and aftermarket for the luxury segment are adopting ACC. Integration of safety systems to increase safety quotient of motorcycle Many people die in motorcycle collisions every year globally, and if systems like ABS, motorcycle side-view assist system (MSVAS), and cruise control were fitted to all motorcycles, the number of motorcycle related fatalities would reduce by a third. “The integration of these systems with other safety functions will be the driving force for the adoption of ADAS in the motorcycle segment. For instance, by integrating pressure sensors in addition to the speed sensors, the ABS provide rear wheel lift-up mitigation. This solved the problem of rear wheel lifting during emergency brakes, experienced by many motorcycles, owing to significant wheel-load changes,” says Siddharth Jaiswal, a lead research analyst at Technavio for automotive electronics research. Similarly, by integrating acceleration sensor, ABS provide the benefit of mitigating backward sliding on sloping roads. Bosch developed the ninth generation of ABS, having both these functions. Technavio expects the market to see more integration during the forecast period, and this will drive the adoption of ADAS further to outreach customers. ADAS technologies are becoming a standard fitment in the touring segment motorcycles. For instance, all Harley-Davidson motorcycles in the touring segment have been equipped with ABS since 2008, and all BMW Motorrad motorcycles are equipped with TCS since 2012. This heavyweight segment is expected to account for the maximum adoption of ADAS during the forecast period. “The increasing focus of consumers toward heavyweight motorcycles is attributed to the comfort level and safety offered by these motorcycles for long distance traveling. This focus is the major driver for the motorcycle ADAS market,” says Siddharth. Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like powertrain, wheels and tires, and automotive components. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently. Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at email@example.com.
News Article | May 24, 2017
Oleg Deripaska is already worth over $5 billion. But if a planned IPO of his En+ Group goes through at the current valuation of $10 billion, he will most certainly gain much more. What is expected to become the largest London Stock Exchange for the year proves one thing to the Russian naysayers out there: American and European investors want to be in this market. Imagine what happens when sanctions lift? “Hard to say about the future performance of En+, but we believe the valuation may reach 7 times EBITDA,” says Oleg Petropavlovskiy, an equity analyst for BCS Financial Group in Moscow. En+ Group recently posted adjusted consolidated EBITDA of $2.3 billion for 2016. Based on BCS’ multiple, En+ Group's valuation can exceed the rumored estimate of $10 billion. The average enterprise value to EBITDA for metals & mining and power companies, according to NYU estimates, is currently about 12 times in emerging markets. Back in 2011, VTB Capital valued the group at $11.5 billion. The company is a hydropower and aluminum conglomerate similar to Norway's Norsk Hydro (NHYDY), but with a larger scale. It combines over 15 gigawatts of hydroelectric dams with the 4.2 million tons of aluminum production capacity of its controlled company Rusal, which is its key hydroelectricity consumer. “Basically we convert our low-cost hydropower into aluminum and sell it to the world,” says En+ Chief Executive Maxim Sokov, declining to comment on the IPO. Oleg Deripaska is one of the country's A-listers. Most of his wealth comes from aluminum – he runs Rusal, the world’s largest aluminum producer outside of China. Rusal listed on the Hong Kong exchange back in 2010 and brought in $2.2 billion then. It is the biggest revenue driver to En+ Group. Deripaska thinks he can raise that much capital again by listing En+ Group in London. Some in the market think he won't get as close to that this time, despite runaway valuations already in European equities. Rusal shares are up 47.6% over the last 12 months, but are still below their value at the launch in January 2010. Most likely the proceeds would be used to stretch out En+ Group's $5 billion debt, with all of it going to En+, says BCS. The company’s biggest lenders are Russian – VTB Bank and Sberbank. Within the En+ Group, Rusal accounts for nearly 65% of revenue. Group’s consolidated revenue last year was $9.7 billion, the company said on April 18. The company was considering listing En+ in Hong Kong, too, but chose London because there is a larger investor base, market sources said. Due to Deripaska's profile, an investment in En+ Group is more than an investment in Russian energy and metals, long a mainstay of what makes the country tick. It’s an investment in him. "I met Oleg at a small group meeting in 2010, and he is quick witted, eloquent and a passionate guy," says Mike Reynal, chief investment officer for Sophus Capital, a $560 million asset manager headquartered in Des Moines. "Oleg is very conversant with global topics and is happy to discuss difficult topics transparently," he says. Reynal said he was not aware of the En+ Group IPO. People close to the deal said that En+'s equity investment proposition lies in the symbiotic relationship between its hydropower and aluminum production. It allows the company to have the lowest cost of aluminum production globally and makes it one of the cleanest producers in the industry due to use of renewable energy. En+ also looks to set benefit further from Rusal’s brownfield Siberian projects with 1 million tons of additional capacity at a time when the massive aluminum-producing Chinese market is consolidating and cutting output as part of a drive to reduce pollution in cities across the country. En+ has excess hydro capacity, which means it can boost output without additional investment to cover growing demand for electricity in Siberia from new aluminum smelters as well as other energy-intensive projects that are under way. Vladimir Sklyar, an equity analyst with Renaissance Capital in Moscow, thinks Rusal is currently priced too low compared to its peers. "We see few reasons for the discount," he says. Rusal trades at 6.6 times earnings. "I think there is substantial upside in Rusal's fair value." Recent Renaissance Capital research gave a massive 100% upside potential for Rusal shares over the next 12 months. If Deripaska adds another billion to his name, and gets his $2 billion IPO yet again, this time in London, he would now have two of Russia's biggest IPOs under his wing. As of 2013, the three largest Russian IPOs were the London listed TCS Bank ($1.1 billion), diamond miner Alrosa ($1.3 billion) and VTB Bank ($1.1 billion), both listed in Moscow. In February, Russian toy-store giant Detsky Mir raised $355 million on the Moscow exchange. They're known for their four-story-tall store in the city, complete with all the Americanized bells and whistles, spruced up with the usual Russian over-the-top fare like indoor carousels. It's a hybrid between FAO Schwarz and the old Toys 'R' Us in Times Square. Foreign investors got the idea and bought it. "We are definitely seeing greater interest this year in new Russian equities," says Tom Blackwell, CEO of EM, an emerging-markets investor-relations advisory that recently worked on the PhosAgro euro bond in April. All of this is happening at a time when Russia has become the American bogeyman. Even Deripaska himself got caught in the crosshairs. He paid for an advertisement in the WSJ to counter the narrative that he was part of a consulting group's clientele, led by former Trump campaign advisor Paul Manafort, to influence the U.S. media in favor of Vladimir Putin. On May 16, Politico reported that Deripaska was suing the Associated Press for libel over its reporting on the relationship. The article stated that Deripaska was using Manafort to promote the Russian government. Deripaska did work with Manafort, but their contract ended in 2009. Russia continues to be the bad guy in the U.S. and Europe, but three years of an anti-Russia tilt has not been enough to turn investors away. "Foreign investors have not abandoned Russia," says Reynal. "We are doing very well with private sector companies there." En+ Group and Rusal are not sanctioned like other Russian firms, namely banks and the big state-controlled oil and gas companies. The subsidiaries of U.S. investment banks Goldman Sachs and J.P. Morgan, following three years of sanctions, have become the top three investment banks this year in Russia by deal volume. Deripaska even picked Citibank as the lead bank on the issue. J.P. Morgan is part of the team as well as UBS, Credit Suisse, Société Générale and sanctioned Russian lenders Sberbank and VTB Capital. "I think the En+ Group's valuation looks rather punchy," Blackwell says. "There is a question whether the appetite is there to absorb all that money in just one Russian stock. It's a good business. But a lot will come down to valuation," he says. Find me on Twitter at @BRICBreaker
News Article | May 24, 2017
The companies have not disclosed the financial details of the deal. Insignia Capital Group CEO David Lowe said: "TCS has an outstanding track record of growth and a selection of high-quality, clean-label products. “We chose Insignia as our partner based on their demonstrated operational and strategic expertise, as well as their shared vision for our brand and our community." “We plan to leverage our food investment experience and synergies with our other salty snack investments, Truco Enterprises and Century Snacks, to significantly accelerate growth. We also plan to make significant investments in operations that we expect will drive value for all stakeholders." TCS is engaged in manufacturing and distributing of hardwood-smoked jerky, meat sticks, as well as other meat snack products primarily through the convenience and grocery retail channels. TCS founder Dick Crossley said: “We chose Insignia as our partner based on their demonstrated operational and strategic expertise, as well as their shared vision for our brand and our community." For this transaction, Cascadia Capital served as financial adviser. Ater Wynne served as legal counsel to Tillamook Country Smoker, and Kirkland & Ellis offered legal counsel to Insignia.
News Article | May 23, 2017
"TCS has an outstanding track record of growth and a selection of high-quality, clean-label products. We are very excited to welcome the company into our portfolio," said David Lowe, CEO of Insignia. "This investment expands Insignia's footprint in the food sector into the large and growing meat snacks market. We plan to leverage our food investment experience and synergies with our other salty snack investments, Truco Enterprises and Century Snacks, to significantly accelerate growth. We also plan to make significant investments in operations that we expect will drive value for all stakeholders." "We are thrilled to partner with the Insignia team in this exciting next phase of the company's growth. We chose Insignia as our partner based on their demonstrated operational and strategic expertise as well as their shared vision for our brand and our community," said Dick Crossley, a founder of the company. Cascadia Capital LLC served as exclusive financial advisor and Ater Wynne LLP served as legal counsel to Tillamook Country Smoker. Kirkland & Ellis LLP provided legal counsel to Insignia. About Insignia Capital Group Insignia Capital Group is a San Francisco Bay Area private equity firm focused on lower middle-market companies. Insignia partners with company founders and management teams to help drive growth and achieve true business potential. The firm's principals have significant experience building businesses across a range of industries including consumer, business services and healthcare. For more information please visit www.insigniacap.com About Tillamook Country Smoker Founded in 1975 and based in Bay City, Oregon, Tillamook Country Smoker manufactures and distributes jerky, meat sticks and similar snack products primarily through the convenience and grocery retail channels. For more information, please visit www.tcsjerky.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/insignia-capital-group-acquires-tillamook-country-smoker-300462159.html
News Article | May 9, 2017
DALLAS--(BUSINESS WIRE)--The Container Store Group, Inc. (NYSE:TCS) today announced that its financial results for the fourth quarter and full fiscal 2016 will be released after market close on Tuesday, May 23, 2017. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. This call will include both live, prepared remarks as well as a Q&A session. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.containerstore.com. A taped replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing 844-512-2921 (international callers please dial 412-317-6671). The pin number to access the telephone replay is 13661123. The replay will be available until June 23, 2017. About The Container Store, Inc. The Container Store (NYSE: TCS) is the nation’s leading retailer of storage and organization products – a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to save space and time, a suite of custom closet systems and an array of digital shopping services. Visit www.containerstore.com for more information about store locations, the product collection and services offered. Visit www.containerstore.com/blog for real solutions from the really organized and www.whatwestandfor.com to learn more about the company’s unique culture.
News Article | May 10, 2017
— This report studies BPO Business Analytics in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top BPO Business Analytics Players in each region, with sales, price, revenue and market share for top manufacturer, covering Accenture Cognizant Genpact IBM TCS HP Tech Mahindra Capgemini Wipro EXL NTT DATA(Dell) WNS Global Minacs Infosys Mu Sigma Aegis Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top 5 players in these regions, from 2012 to 2017 (forecast), like North America (United States, Canada and Mexico) Asia-Pacific (China, Japan, Southeast Asia, India and Korea) Europe (Germany, UK, France, Italy and Russia etc. South America (Brazil, Chile, Peru and Argentina) Middle East and Africa (Egypt, South Africa, Saudi Arabia) Split by Product Types, with sales, revenue, price, market share of each type, can be divided into HR Procurement F&A Customer Care Logistics Split by applications, this report focuses on sales, market share and growth rate of BPO Business Analytics in each application, can be divided into BFSI Manufacturing Healthcare Retail Telecom Others Check Out some Major Points from Table of Contents: 1 BPO Business Analytics Market Overview 1.1 Product Overview and Scope of BPO Business Analytics 1.2 BPO Business Analytics Segment by Types 1.2.1 Global Sales Market Share of BPO Business Analytics by Types in 2015 1.2.2 HR 1.2.3 Procurement 1.2.4 F&A 1.2.5 Customer Care 1.2.6 Logistics 1.3 BPO Business Analytics Segment by Applications 1.3.1 BPO Business Analytics Consumption Market Share by Applications in 2015 1.3.2 BFSI 1.3.3 Manufacturing 1.3.4 Healthcare 1.3.5 Retail 1.3.6 Telecom 1.3.7 Others 1.4 BPO Business Analytics Market by Regions 1.4.1 North America Status and Prospect (2012-2022) 1.4.2 Asia-Pacific Status and Prospect (2012-2022) 1.4.3 Europe Status and Prospect (2012-2022) 1.4.4 South America Status and Prospect (2012-2022) 1.4.5 Middle East and Africa Status and Prospect (2012-2022) 1.5 Global Market Size (Value) of BPO Business Analytics (2012-2022) 2 Global BPO Business Analytics Sales, Revenue (value) and Market Share by Players 2.1 Global BPO Business Analytics Sales and Market Share in 2015 and 2016 by Players 2.2 Global BPO Business Analytics Revenue and Market Share by Players in 2015 and 2016 2.3 Global BPO Business Analytics Average Price by Players in 2015 and 2016 2.4 Global BPO Business Analytics Manufacturing Base Distribution, Sales Area, Product Types by Players 2.5 BPO Business Analytics Market Competitive Situation and Trends 2.5.1 BPO Business Analytics Market Concentration Rate 2.5.2 BPO Business Analytics Market Share of Top 3 and Top 5 Players 2.5.3 Mergers & Acquisitions, Expansion 3 Global BPO Business Analytics Sales, Revenue (Value) by Regions, Type and Application (2012-2017) 3.1 Global BPO Business Analytics Sales, Revenue and Market Share by Regions (2012-2017) 3.1.1 Global BPO Business Analytics Sales and Market Share by Regions (2012-2017) 3.1.2 Global BPO Business Analytics Revenue and Market Share by Regions (2012-2017) 3.2 Global BPO Business Analytics Sales, Revenue, Market Share and Price by Type (2012-2017) 3.2.1 Global BPO Business Analytics Sales and Market Share by Type (2012-2017) 3.2.2 Global BPO Business Analytics Revenue and Market Share by Type (2012-2017) 3.2.3 Global BPO Business Analytics Price by Type (2012-2017) 3.3 Global BPO Business Analytics Sales and Market Share by Application (2012-2017) 3.4 Global BPO Business Analytics Sales, Revenue, Price and Gross Margin (2012-2017) About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required market research study for our clients. For more information, please visit http://www.orbisresearch.com/reports/index/2017-top-5-bpo-business-analytics-manufacturers-in-north-america-europe-asia-pacific-south-america-middle-east-and-africa
News Article | May 15, 2017
-- More than 50 employees of Open Access BPO, a Philippine-based international call center, participated in the NatGeo Earth Day Run 2017 held at SM Mall of Asia last April 23.The race's 42-km category served as a qualifying competition for Open Access BPO employees aiming to join the TCS New York City Marathon this year.The top two male and female finishers with at least three years of tenure at the company were hailed as NYC Marathon qualifiers. These were female runners Ma. Leonisia Cantos (finishing time: 5 h 48 min 23 s) and Lizelle Barbosa (05:54:37); and male runners Leo Peñas (04:58:39) and Ezekiel Narcelles (05:49:26)."My training for the NatGeo Marathon is more intense than my previous marathon," said Peñas. "To improve my speed and endurance, I underwent speed training, put weights on my waist, and practiced long-distance running."One of the world's most prestigious sporting events, the TCS NYC Marathon is the biggest race in the world, with more than 50,000 finishers last year.Open Access BPO joins the NYC Marathon as part of its initiative to support charitable causes. At the same time, this serves as an opportunity for the company to reward tenured employees.Last year, Open Access BPO sent three employees to the NYC Marathon through Ryan's Run, a cause-driven organization that helps people with disabilities. Based in Pennsylvania, Ryan's Run is one of the Silver Charity Partners of the NYC Marathon.Asked about the increased number of representatives to the world-renowned race, Open Access BPO's marketing director Matthew Narciso said, "We had a ton of fun last year, and we decided to give a larger donation to this charitable cause by sending more runners.""Last year, three men represented us, and this year, we wanted to give our lady runners a chance to compete on the world's biggest sporting event as well," he said.The NatGeo Earth Day Run is one of the Philippines' biggest running events, which positions itself as a cause-driven, "environmental race." This year, its campaign centers on ensuring clean water for Metro Manila.[Baka pwede na itong i-delete?]Open Access BPO is a Philippine multilingual call center that started in 2006 as a telemarketing services provider. Since then, it has evolved into an all-encompassing offshoring solutions firm that specializes in multichannel customer support and content moderation services. Its more than 800 employees deliver its services in 35 languages from four operation sites in Asia, including Makati City and Davao City (Philippines), Taipei (Taiwan), and Xiamen City (China). The company's headquarters is in Las Vegas, Nevada.Learn more by visiting https://www.openaccessbpo.com/
News Article | May 11, 2017
The UK is considering relaxing the rules under which IT-related roles can be offered to foreign workers. The UK Migration Advisory Committee (MAC) is recommending that the government eases regulations on hiring non-European data scientists, senior developers, cyber security specialists and product managers. The MAC is an independent body that advises government on migration issues. Rules would be loosened so employers no longer have to demonstrate they have tried to fill the job domestically before recruiting workers from outside the European Economic Area (EEA). Currently employers must prove they have advertised a job in the UK for 28 days and were unable to find a suitable worker. However, the MAC recommends that only start-up companies should be able to recruit from abroad in this fashion, stating it failed to receive much evidence from large tech firms that they are suffering from a skills shortage. "Any significant shortages within the sector, on the basis of the evidence we received, seem presently to mainly be confined to firms at the start-up/scale-up end," the report states, adding that start-ups lack the resources that larger firms use to recruit foreign workers. "Given the nature of the industry, remuneration is often determined differently in start-ups: a lower basic wage will be offered but with a share of equity (in the hope of future success). Start-ups have therefore been losing out to bigger IT companies who can compete on basic salary." The MAC was persuaded of the existence of a skills shortage after meeting small tech firms, rather than by written evidence, which the report said failed to provide compelling proof. For example, of more than 850 members of employer body techUK, only 33 companies responded to questions about whether they had difficulty filling "digital technology roles" - nine experienced no shortages, 18 had suffered shortages and six gave verbal feedback. The MAC defines scale-up companies as "enterprises that experience over 20 percent more growth in employees or in turnover each year over a three-year period starting from 10 or more employees". However, it admits this definition might be hard to apply and suggests a simpler assessment based on turnover or employment might be preferable when enforcing the restriction. Start-ups argued they are struggling to recruit experienced staff who could train others and lead teams. For that reason, the MAC recommends that the only individuals from outside the EEA with a minimum of five years' relevant experience and who have led a team should be eligible to fill UK roles without the Resident Labour Market Test checks. "Employers estimated that it would take five to 10 years to develop enough UK workers with sufficient experience to fill these roles. If having relevant experience is the key factor in all these jobs then there is no short cut to the acquisition of this," according to the report. Large offshoring firms such as TCS and Infosys should also not be able to take advantage of this route to employ foreign workers in the UK, the report said. It proposed they continue to bring in workers using the intra-company transfers (ICTs) route, which is both more costly and imposes a higher burden on the employer, as well as allowing for shorter periods of employment. In the year to September 2014, about 30,000 non-EEA workers were employed in graduate level IT-related occupations in the UK, mostly via ICTs. "The vast majority of IT workers come into the UK under the intra-company transfer route, where different, and arguably less favourable, conditions apply pre- and post-entry, and where there is no route to settlement in the UK," states the report. "Our concern is that too liberal a description of the roles that are held to be in shortage could encourage large employers to switch staff presently being brought in under the intra-company transfer route to staff using the shortage route. Indeed some partners readily admitted the attractiveness of doing so." The report accepts the job titles affected by the rule change are quite broad and attempts to specify the nature of each role: The report says these titles are necessarily open to interpretation because "the digital technology area is fast moving and demand for skills can change at very short notice". Not everyone the MAC spoke to agreed there is a digital skills shortage. The Association of Independent Professionals and the Self Employed said many jobs could be filled by workers on a contract basis, rather than by permanent employees. "They considered that employers were not making full use of the existing Resident Labour Market test route to recruit from outside the EEA, nor were they drawing on existing skills." The MAC report also questions some of the trends that appear to indicate a skills shortage, such as pay for Java developers rising as high as £55,000, as individuals chose careers as contractors over a company employee. "It does beg the question to what extent are shortages actually the result of employers' reluctance to pay the higher wages commanded by contractors; and the extent to which they wish to avoid paying this by recruiting more directly employed staff," it said. The MAC report is now with the UK government, which should make a decision on whether to accept the recommendations to add the roles to the Shortage Occupation List shortly. Antony Walker, deputy CEO of techUK, said if the recommendations were accepted, they would play a role in "helping tech and digital start-ups and scale-ups grow more quickly, in turn creating more jobs and growth for the UK".
News Article | May 10, 2017
— The connected logistics market is expected to boost the operational efficiency of various logistics applications such as warehouse management, inventory management, fleet management, tracking and monitoring and telematics connectivity. Factors such as rising demand for the effective management of temperature-sensitive products, growing affordability of components such as sensors and RFID devices, growing need for operational efficiency are favouring the growth of the connected logistics market. Moreover, emergence of IoT connecting devices, innovations in mobile technology and increasing government initiatives are fuelling the market. Lack of standardized regulations in organizational bodies is hampering the connected logistics market. Asset management segment is expected to dominate the overall connected logistics software market in 2016 and is projected to sustain its growth over the forecast period. North America accounted for the largest share in market owing to its early adoption of connected logistics services, technological advancements and greater connectivity to worldwide locations. Although there are many international players, some of the key players profiled in global connected logistics market include Accenture, Amazon Web Services, AT&T, Inc., Cisco Systems, Inc., Cloud Logistics, Eurotech S.P.A., Freightgate Inc., HCL Technologies Limited, Huawei Technologies, IBM Corporation, Infosys Limited, Intel Corporation, Microsoft, Oracle, Orbcomm Inc., Qualcomm, Samsung Electronics, SAP SE, Siemens and Tata Consultancy Services (TCS). End Users Covered: • Aerospace and Defense • Automotive • Chemical • Food and Beverage • Manufacturing • Oil & Energy and Gas • Pharmaceuticals and Healthcare • Retail • Telecom and IT • Other End Users Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific • Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements About Stratistics MRC We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. For more information, please visit: http://www.strategymrc.com For more information, please visit http://www.strategymrc.com/