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.
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.
These findings are survey results unveiled
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. A total of 42% admit it has
been challenging, while a fifth (22%) have
found it stressful. A whole 40% of businesses
cite market conditions as having a negative
impact on growth and 23% feel that staff
THE HEALTH
OF THE
MANUFACTURING
INDUSTRY IS
SOMETHING WE
SHOULD ALL
BE CONCERNED
ABOUT.
www.intelligentcio.com
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
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.
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
INVESTING IN
THE RIGHT
TECHNOLOGY, SUCH
AS ENTERPRISE
RESOURCE
PLANNING (ERP)
SOLUTIONS, CAN
HELP BUSINESSES
BETTER PLAN FOR
CHANGE.
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 1%. This is down from the 3.7% in the
previous 12-month period.
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.
Steve Murphy, CEO at Epicor Software Corp
“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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