Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry faced challenges in a shrinking market over the five years through 2012-13. Industry revenue is estimated to decline by an annualised 1.1% over the period to reach £2.53 billion. The industry's market shrank as the number of businesses in the United Kingdom fell. The remaining businesses were also wary of their financial outlook and were less likely to invest in new procurement processes, which cut demand for industry services. On the other hand, businesses customers were inclined to outsource their procurement function as they strived to find greater efficiencies in a competitive environment. As such, the industry benefitted from a countercyclical trend... purchase to read more
Industry Report - Industry Locations Chapter
The Procurement Outsourcing Services industry offers its services to a range of industries operating in the public, private and government sectors. As a result, the industry's geographic distribution is largely follows business activity.
London and the surrounding areas (East of England and the South East) command the largest share of industry establishments, largely because the area is the business hub of the United Kingdom. Over the past five years, the UK government lowered corporate taxes in an effort to promote business activity within the country as the financial crisis caused business confidence and business capital expenditure to contract considerably... purchase to read more