Digital Marketing Services Procurement Intelligence
In this digital marketing services intelligence report, we have estimated the price of the key cost components. The key cost components in this category include staffing (30%), tools (20%), media buying, content creation, campaign management, and testing/optimization efforts. Staffing is the largest cost component, encompassing salaries and benefits for team members responsible for planning, executing, and managing campaigns. Tools and software costs vary depending on the business's requirements and licensing terms. Media buying costs depend on advertising space and time on digital channels, while content creation costs depend on the quality of content and the types of channels preferred for engagement. Campaign management costs involve planning, execution, and optimization, while testing and optimization efforts ensure improved performance and effectiveness.
Diverse factors that affect the price of developing digital marketing and advertising services should be considered while designing the project. Costs are heavily influenced by the project's scale, complexity, target audience, desired results, and time. Additionally, a significant factor in influencing costs is the team's level of experience. The sort of digital marketing service needed, with SEO typically costing less than PPC advertising, is another factor. The team's location is important because expenses might differ depending on a country's geography. For instance, the United States is three to five times more expensive than India. A decline in the value of the US dollar in relation to the Indian rupee would result in lower costs for digital marketing services in India. Currency exchange rates can also have an impact on costs.
Order your copy of the Digital Marketing Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Digital Marketing Services
Industries Served - 25%
Years in Service - 15%
Revenue Generated - 15%
Employee Strength - 15%
Geographic Service Provision - 10%
Certification - 10%
Key Clients - 10%
Functional Capabilities - Digital Marketing Services
Search engine optimization - 30%
Pay-per-click (PPC) - 25%
Social media marketing - 20%
Content marketing - 15%
Others - 10%
Rate Benchmarking
Businesses must use rate benchmarking to make sure they are paying a reasonable price for their digital marketing services. The digital marketing industry is highly competitive. The prices might differ greatly based on a variety of criteria, including the specific services required, the experience and skill of the digital marketing agency, and the location of the organization. For example, Google and WebFX are two of the leading digital marketing agencies in the world, and their rates vary depending on the specific services required. For example, Google's SEO services start at USD 5,000 per month, while WebFX's SEO services start at USD 3,000 per month. Google's social media marketing services start at USD 10,000 per month, while WebFX's social media marketing services start at USD 5,000 per month.
Businesses can learn important information about current market trends, competing price tactics, and opportunities for cost optimization by benchmarking rates. Businesses may use this information to make better-educated decisions about their digital marketing expenditures and to make sure they get the best potential return on their investment.
Supplier Newsletter
In January 2023, Mountaingate Capital, a Denver-based private equity firm, made an investment in WTWH Media, a business-to-business digital media and marketing company. The investment aimed to increase WTWH Media’s growth and expansion. WTWH planned to use the funding to hire new talent, launch new products and services, and expand into new markets.
In September 2022, Shamrock Capital, a Los Angeles-based investment firm, invested in Highwire PR, a communications partner for technology and healthcare companies. The investment accelerated growth and expanded Highwire’s integrated communications and digital marketing services, helped to hire new talent, and enter new markets.
In January 2021, MuteSix, one of the leading direct-to-consumer digital marketing companies, was acquired by Dentsu Aegis Network and joined iProspect, a division of Dentsu Aegis Network to expand their digital marketing business.
List of Key Suppliers
Accenture Interactive
PwC Digital Services
IBM iX
Dentsu International
iProspect
WebFX
Facebook Inc
Google Inc
IAC/InterActiveCorp
Noble Studios
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Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Digital Marketing Services Procurement Intelligence Report Scope
Digital Marketing Services Category Growth Rate : CAGR of 13% from 2023 to 2030
Pricing Growth Outlook : 4% - 5%
Pricing Models : Subscription-based, value-based, and flat rate pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : SEO and PPC Services, social media marketing, content marketing, customizations, analytics and reporting, operational capabilities, quality measures, technology, certifications, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Employee Background Screening Services Procurement Intelligence
In this employee background screening services procurement intelligence report, we have estimated the pricing of the key cost components. Financial integrity checks, criminal record checks, and ID verificationform the largest cost component of the employee background screening servicescategory. The financial integrity check is used to identify potential candidates for employment by verifying their financial history. This includes checking their credit report, bank statements, and other financial records. Some companies or agencies offer basic plans, which can cost between USD 15 and USD 30 per report. It includes basic criminal and identification verification as well as searches of the national criminal database and the sex offender registry. For every report, a standard plan can cost between USD 30 and USD 60 which includes everything from the basic plan along with domestic watch lists and county criminal courts. Premium plans can cost between USD 60 and USD 80 for each report. This includes verifications of employment and education and many other requirements depending on the client’s needs in addition to inclusions from standard and basic plans.
Order your copy of the Employee Background Screening Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Employee Background Screening Services
Industries Served - 25%
Employee Strength - 25%
Years in Service - 20%
Key Clients - 10%
Geographical Presence - 10%
Revenue Generated - 10%
Functional Capabilities - Employee Background Screening Services
Employment Verification - 20%
Reference Checks - 20%
Education Verification - 20%
Criminal Background Checks - 20%
Others - 20%
Rate Benchmarking
Employee background screening services are more expensive in the U.S. due to factors such as the larger economy, stricter regulatory environment, higher data costs, and higher labor costs. The cost of labor and data is higher in the U.S. due to more availability of data, higher minimum wages, and more expensive benefits. However, the cost of background screening services can also vary depending on the employer's specific needs, such as a background check that includes criminal history and credit checks. This can in turn increase the price. Due to considerations including higher living costs, data prices, labor costs, and more challenging regulatory environments, Canada's employment background screening services are slightly less expensive than those in the U.S.
The price of background screening services, however, can differ based on the requirements of the business, such as a background check that includes both a criminal and a few other background checks such as residential or education, media checks, etc. Prices for background check services in the U.S. can start from USD 150 compared to Canada, where prices can start from USD 100 depending on different requirements. The Department of public safety charges USD 15 for fingerprint-based checks, while the FBI charges USD 13.25, with an additional fee of USD 11 for foster and adoptive parent applicants and volunteers.
Supplier Newsletter
In April 2022, Checkr acquired GoodHire, a leading provider of self-service background checks for small businesses, as part of its expansion strategy in the rapidly growing small and midsize business segment.
In February 2022, Checkr, a software firm, announced the acquisition of Canadian company ModoHR Technologies Inc. As a result of the acquisition, Checkr clients would have greater access to Canadian background check information. The acquisition of ModoHR was a strategic move toward global expansion.
In Jan 2022, Credence, one of the leading providers of international background checks based in the U.K, was acquired by Certn. Credence specialized in providing a faster, automated background check process, which enhanced the candidate’s experience. Through this partnership, Certn was able to expand its geographic reach by serving markets in Europe, the Middle East, and Africa (EMEA).
List of Key Suppliers
Pinkerton Consulting & Investigations, Inc
HireRight, LLC
A-Check America Inc.
Verity Screening Solutions
Capita Plc
Triton
DataFlow Group
Sterling Talent Solutions
First Advantage Corporation
Accurate Background
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Employee Background Screening Services Procurement Intelligence Report Scope
Employee Background Screening Services Category Growth Rate : CAGR of 9.9% from 2023 to 2030
Pricing Growth Outlook : 6% - 8% (Annually)
Pricing Models : Volume-based pricing model and flat rate pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Employment verification, reference check, education verification, criminal background checks, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Connected Devices and Wearables Procurement Intelligence
In this connected devices and wearables procurement intelligence report, we have estimated the pricing of the key cost components. Hardware, software, and connectivity form the largest cost component of the connected devices and wearables businesses. Together, they account for about 80% of the total cost. The cost also depends on the type of manufacturing process undertaken, marketing, and support provided for the product.
For example, in developing an IoT-based wearable connected device, the connectivity costs of a system of connected devices that communicate over a cellular network are typically around USD 0.04 per megabyte. Some telecom carriers offer narrowband pricing options for businesses, charging USD 6 per device per year. Ranging in form and complexity from bare-metal firmware to customized Android, software may add up to USD 20,000 to the overall cost estimate. If a third-party gadget is incorporated into the device network, it might also need middleware - i.e., drivers, APIs, and SDKs that are required by the connecting devices and applications to communicate. Custom firmware for an IoT-based solution may cost USD 10,000 to USD 30,000.
Order your copy of the Connected Devices and Wearables category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Connected Devices and Wearables
Years in Service - 25%
Geographic Service Presence - 15%
Key Clients - 15%
Revenue Generated - 15%
Employee Strength - 15%
Industries Served - 15%
Functional Capabilities - Connected Devices and Wearables
Data Analytics & Integration - 16%
UX Design - 16%
Security & Privacy - 16%
Device Management - 16%
Power Management - 16%
Customer Support - 16%
Others - 4%
Rate Benchmarking
The geographical location and nature of the firm are important factors in analyzing rate benchmarking in the connected devices and wearables category. Smart devices are generally costlier in the US compared to China. For example, considering Samsung’s smart watch prices in the US, Japan, South Korea, Taiwan, and China, the cost of a smart watch in South Korea is about USD 400, the lowest among the countries listed. China comes in second with cost of a smart watch around USD 470. This is due to factors such as low labor costs, low materials costs, and high market competition. Taiwan, along with Japan has the second highest cost, with USD 480, due to high labor and material costs. The United States has the highest cost of a smart watch, with USD 500, attributed to factors such as labor costs, materials costs, and low market competition.
Supplier Newsletter
In September 2022, Fitbit upgraded its smartwatch range which have latest aesthetics and functionality.
In September 2022, Apple has launched latest version of Apple Watch SE and Apple Watch Series 8. These two products help users in knowing their health condition in real time which is synced to their smartphones and they access that data at any time.
In June 2022, to enter the smart wearable industry, Mensa Brands, an e-commerce company, acquired the wearables manufacturer, Pebble. Pebble offers an offline distribution network for music, fitness trackers, and charging solutions. The company intends to expand Pebble's internet presence and capitalize on the growing consumer popularity of wearables.
In April 2022, Apple introduced the HidrateSpark smart water bottle. It can monitor the user’s daily intake of water while syncing it with their Apple Health
In August 2021, The RS60 Ring Scanner launched by Handheld Group is a convenient independently scanning option for use in distribution facilities, retail stores, as well as other environments requiring highly mobile scanning.
List of Key Suppliers
Alphabet Inc.
Samsung Electronics Co., Ltd.
Sony Corp.
Huawei Technologies Group Co., Ltd.
Apple Inc.
Xiaomi Corp.
Adidas AG
Nike, Inc.
Fitbit, Inc.
Garmin Ltd.
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Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Connected Devices and Wearables Procurement Intelligence Report Scope
Connected Devices and Wearables Category Growth Rate : CAGR of 14.6% from 2023 to 2030
Pricing Growth Outlook : 10% - 15% (annual)
Pricing Models : Subscription-based pricing model, tier-based pricing model, fixed-fee pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Technology, service, quality, service, reliability, technical expertise, security measures, cost and value, support and maintenance, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Creative Advertising Category - Procurement Intelligence
In this creative advertising procurement intelligence report, we have estimated the pricing of the key cost components. Labor cost, production cost and equipment cost form the largest cost component of creative advertising category implementation. Labor costs in creative advertising agencies include salaries and benefits for creatives like copywriters, designers, and art directors. The average salary of copywriters in US in around USD 50,000 to USD 60,000 yearly. In the UK, average salary of copywriters is around USD 40,000 to USD 50,000 yearly.
These costs can vary based on experience and location. Production costs include creating advertising materials like print ads, TV commercials, and website designs. The typical daily cost of an ad on TV in the UK is USD 878 to USD 1,700. On the other hand, advertisements at primetime can run from USD 1,000 to USD 10,000 in the US. These costs vary depending on the media and production level. Equipment costs include computers, software, and other tools used by creatives. The frequency of equipment replacement and type of equipment used can impact these costs.
Order your copy of the Creative Advertising category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Creative Advertising
Industries Served - 25%
Employee Strength - 25%
Years in Service - 20%
Key Clients - 10%
Geographical Presence - 10%
Revenue Generated - 10%
Functional Capabilities - Creative Advertising
Cost Per Click - 20%
Search Engine Optimization - 20%
Virtual Reality - 20%
Creative Development - 20%
Social Media Marketing - 20%
Rate Benchmarking
The cost of living in the US is generally higher than in the UK, resulting in higher employee salaries and higher service costs for creative agencies. The US market is larger, leading to increased competition and expertise. Creative agencies in the US are considered more experienced and have a longer history of providing advertising and marketing services. Creative agencies in the US are constantly investing in research and development to stay ahead of the curve.
This includes the cost of hiring experts, conducting experiments, and testing new technologies. Requirements vary by market, for instance amongst US & UK owing to their demographics and customer preferences, which forces creative agencies to invest more time and resources in creating high-quality campaigns, further increasing the cost of their services. France's cost of living is often higher than Brazil's, creative agencies there are paid more. Due to a smaller advertising market in France, there is less competition, which leads to higher rates.
In France, advanced technologies like artificial intelligence and data analytics are more prevalent, but their implementation and upkeep can be expensive, which is driving up service costs. The French market is more demanding in terms of creative advertising when compared to Brazil, as it is a cultural hub which looks to create work that is both stylish and impactful necessitating that creative firms devote more time and money in producing campaigns of a high caliber, thus driving up the cost.
Supplier Newsletter
In July 2023, Dentsu entered a partnership agreement with Microsoft to introduce enterprise-wide access to advanced Azure OpenAI technologies. Two new CXM solutions have already been created as a result of this partnership with Microsoft. They are “Merkle GenCX” and “AI Playground LATAM”. The former leverages generative AI to provide more impactful experiences for customers. The latter, AI Playground LATAM, is a region-focused set of customized solutions that combines integrated audience or consumer data with the latest technologies to increase daily efficiency and operational agility for clients.
In April 2023, Amp, one of the top sonic branding companies in the world, was acquired by WPP. Amp's experience will improve WPP's experiential branding offerings and its capacity to provide customers with high-quality, distinctive, and ownable sound experiences.
In January 2023, Fexy Studios, an award-winning creative agency that creates television shows, streaming and digital video programming, has been acquired by The Arena Group Holdings, which is an innovative technology platform that transforms media brands. Arena Group boosts streaming, sponsored content, television programming, sales, revenue generation using core brands, audience growth, and Fexy's production capabilities.
List of Key Suppliers
WPP
Omnicom
Interpublic Group
Dentsu
Havas
MDC Partners
Ogilvy
McCann Worldgroup
BBDO
Grey Global Group
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Creative Advertising Procurement Intelligence Report Scope
Creative Advertising Category Growth Rate : CAGR of 9% from 2023 to 2030
Pricing Growth Outlook : 8% - 10% increase (Annually)
Pricing Models : Hourly rate pricing model and project fee pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Transparency, creativity, innovation, type, technical expertise, security measures, cost and value, support and maintenance, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Courier, Express, and Parcel Services Procurement Intelligence
In this courier, express, and parcel services intelligence report, we have estimated the pricing of the key cost components. This category encompasses several major cost components in courier, express, and parcel services. These components include fuel costs, labor costs, vehicle costs, insurance costs, and administrative costs. Due to the frequent long-distance travel of couriers and delivery vehicles, plus the fact that fuel prices might vary by location, fuel costs make up 25% of the whole cost. Due to the industry's reliance on drivers to offer the services, labor expenditures make up 30% of total costs. 20% of expenses are related to vehicles because couriers and delivery drivers need to use them to deliver the goods, and the price of a fleet of vehicles depends on its size and type. As companies insure the drivers as well as high value products which can be used during any untoward incidents, insurance expenses account for 15% of the total, and administrative costs account for 10%, as they must accomplish functions like billing, customer support, and marketing.
Courier costs vary depending on factors like distance, weight, package size, delivery time, security needs, and season. In densely populated urban areas, courier services are more competitive, while rural or underdeveloped areas may have higher costs. Regional variations range from USD10 to USD30 for domestic services in the US to USD50 to USD150 for overseas shipments. European countries like Germany offer reasonable shipping prices, while logistical difficulties in Asia may cause costs to vary.
Order your copy of the Courier, Express, and Parcel Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Courier, Express, and Parcel Services
Geographic Service Provision - 30%
Industries Served - 20%
Years in Service - 15%
Revenue Generated - 15%
Employee Strength - 12%
Certification - 8%
Functional Capabilities - Courier, Express, and Parcel Services
Pickup and Delivery - 28%
Package Handling - 22%
Tracking and Tracing - 20%
Customer Service - 10%
Insurance - 10%
Logistics Support - 10%
Rate benchmarking plays a crucial role in the highly competitive courier, express, and parcel (cep) industry. It involves a comprehensive process of meticulously comparing the rates charged by different CEP providers for their services to establish industry standards and identify potential outliers. The CEP market is characterized by its diverse range of factors that influence pricing, such as shipment distance, weight, size, delivery speed, and even seasonal fluctuations. For instance,
A 10-pound DHL shipment from New York City to Los Angeles, with a speedy two-day delivery requirement, may come with a price tag of USD 25. However, by opting for a slightly longer delivery timeframe of three days, the cost could reduce to just USD 15 for the same shipment.
It can cost CNY 30 to send a 10-pound package with SF Express from Beijing to Shanghai with a strict 24-hour delivery deadline. However, if a delivery window of 48 hours is chosen, the price might drop to just CNY 20 for the identical package.
This dynamic pricing structure highlights the importance of rate benchmarking to help businesses and consumers make informed decisions and navigate the often-complex web of pricing options. By analyzing the rates of various CEP providers, companies can gain valuable insights into prevailing market trends, competitive pricing strategies, and areas where potential cost optimizations can be made. Ultimately, rate benchmarking empowers stakeholders in the CEP industry to make more informed choices and maintain a competitive edge in the market.
Supplier Newsletter
In November 2022, DHL Supply Chain, a global transportation provider, announced the development of a carbon-neutral real estate portfolio of 400,000 square meters. The portfolio is designed to support the growth requirements of DHL's customers across major 6 tier 1 cities as well as meet company's sustainable goals.
In June 2022, Access USA Shipping LLC (MyUS), a technology-driven platform facilitating cross-border e-commerce, was acquired by Aramex PJSC, a prominent global provider of integrated logistics and transportation solutions. This deal will help Aramex to strengthen its cross-border e-commerce offerings.
In 2022, UPS partnered with Zipline, a startup focusing on medical drone delivery, to deliver blood to remote areas of Rwanda. The initiative was a success, with Zipline delivering over 11,000 units of blood in the first year. The partnership has opened up opportunities for more similar ventures in Africa and rural areas.
List of Key Suppliers
A1 Express Delivery Service Inc
Aramex International LLC
Deutsche Post DHL Group
DTDC Express Ltd
FedEx Corp.
SF Express (Group) Co. Ltd
Poste Italiane SpA
Qantas Courier Limited
United Parcel Service Inc.
SG Holdings Co. Ltd.
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Catering Service Procurement Intelligence Report Scope
Catering Service Category Growth Rate : CAGR of 4.2% from 2023 to 2030
Pricing Growth Outlook : 3% - 4% (Annually)
Pricing Models : Value-based pricing, volume-based pricing
Supplier Selection Scope : Cost and pricing, past engagements, geographical presence
Supplier Selection Criteria : Pricing, network, technology, customer service, flexibility, and security
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Be the first person to like this.
Courier, Express, and Parcel Services Procurement Intelligence
In this courier, express, and parcel services intelligence report, we have estimated the pricing of the key cost components. This category encompasses several major cost components in courier, express, and parcel services. These components include fuel costs, labor costs, vehicle costs, insurance costs, and administrative costs. Due to the frequent long-distance travel of couriers and delivery vehicles, plus the fact that fuel prices might vary by location, fuel costs make up 25% of the whole cost. Due to the industry's reliance on drivers to offer the services, labor expenditures make up 30% of total costs. 20% of expenses are related to vehicles because couriers and delivery drivers need to use them to deliver the goods, and the price of a fleet of vehicles depends on its size and type. As companies insure the drivers as well as high value products which can be used during any untoward incidents, insurance expenses account for 15% of the total, and administrative costs account for 10%, as they must accomplish functions like billing, customer support, and marketing.
Courier costs vary depending on factors like distance, weight, package size, delivery time, security needs, and season. In densely populated urban areas, courier services are more competitive, while rural or underdeveloped areas may have higher costs. Regional variations range from USD10 to USD30 for domestic services in the US to USD50 to USD150 for overseas shipments. European countries like Germany offer reasonable shipping prices, while logistical difficulties in Asia may cause costs to vary.
Order your copy of the Courier, Express, and Parcel Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Courier, Express, and Parcel Services
Geographic Service Provision - 30%
Industries Served - 20%
Years in Service - 15%
Revenue Generated - 15%
Employee Strength - 12%
Certification - 8%
Functional Capabilities - Courier, Express, and Parcel Services
Pickup and Delivery - 28%
Package Handling - 22%
Tracking and Tracing - 20%
Customer Service - 10%
Insurance - 10%
Logistics Support - 10%
Rate benchmarking plays a crucial role in the highly competitive courier, express, and parcel (cep) industry. It involves a comprehensive process of meticulously comparing the rates charged by different CEP providers for their services to establish industry standards and identify potential outliers. The CEP market is characterized by its diverse range of factors that influence pricing, such as shipment distance, weight, size, delivery speed, and even seasonal fluctuations. For instance,
A 10-pound DHL shipment from New York City to Los Angeles, with a speedy two-day delivery requirement, may come with a price tag of USD 25. However, by opting for a slightly longer delivery timeframe of three days, the cost could reduce to just USD 15 for the same shipment.
It can cost CNY 30 to send a 10-pound package with SF Express from Beijing to Shanghai with a strict 24-hour delivery deadline. However, if a delivery window of 48 hours is chosen, the price might drop to just CNY 20 for the identical package.
This dynamic pricing structure highlights the importance of rate benchmarking to help businesses and consumers make informed decisions and navigate the often-complex web of pricing options. By analyzing the rates of various CEP providers, companies can gain valuable insights into prevailing market trends, competitive pricing strategies, and areas where potential cost optimizations can be made. Ultimately, rate benchmarking empowers stakeholders in the CEP industry to make more informed choices and maintain a competitive edge in the market.
Supplier Newsletter
In November 2022, DHL Supply Chain, a global transportation provider, announced the development of a carbon-neutral real estate portfolio of 400,000 square meters. The portfolio is designed to support the growth requirements of DHL's customers across major 6 tier 1 cities as well as meet company's sustainable goals.
In June 2022, Access USA Shipping LLC (MyUS), a technology-driven platform facilitating cross-border e-commerce, was acquired by Aramex PJSC, a prominent global provider of integrated logistics and transportation solutions. This deal will help Aramex to strengthen its cross-border e-commerce offerings.
In 2022, UPS partnered with Zipline, a startup focusing on medical drone delivery, to deliver blood to remote areas of Rwanda. The initiative was a success, with Zipline delivering over 11,000 units of blood in the first year. The partnership has opened up opportunities for more similar ventures in Africa and rural areas.
List of Key Suppliers
A1 Express Delivery Service Inc
Aramex International LLC
Deutsche Post DHL Group
DTDC Express Ltd
FedEx Corp.
SF Express (Group) Co. Ltd
Poste Italiane SpA
Qantas Courier Limited
United Parcel Service Inc.
SG Holdings Co. Ltd.
Browse through Grand View Research’s collection of procurement intelligence studies:
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Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Catering Service Procurement Intelligence Report Scope
Catering Service Category Growth Rate : CAGR of 4.2% from 2023 to 2030
Pricing Growth Outlook : 3% - 4% (Annually)
Pricing Models : Value-based pricing, volume-based pricing
Supplier Selection Scope : Cost and pricing, past engagements, geographical presence
Supplier Selection Criteria : Pricing, network, technology, customer service, flexibility, and security
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Corrugated Board Procurement Intelligence
In this corrugated board procurement intelligence report, we have estimated the pricing of the key cost components. Kraft Paper, Labor, and corn starch form the largest cost component of this category. Kraft paper holds the majority of the cost. Post Covid-19 pandemic recovery, the disrupted supply chain has surged the energy costs and freight costs globally, which has decreased the demand globally resulting in a 5% decrease in the export from the year 2020. Despite less export, the value increased in terms of supplies to reach USD 3.6 billion surging 16%. This is due to the rise in the average export price by 23% to reach USD 1,882 per tonne. Kraft paper which is the principal material in making corrugated board has seen a surge of 25% in the price during the initial month of 2022. European region exported the cheapest wastepaper material used in the category, and with the ban on export from the region, the prices started jumping off.
Freight cost has a lot of impact in judging the price in the category. Amid the Pandemic recovery, logistics costs reached USD 3600 per 40 feet container, just double the usual cost involved. This resulted in a decline in the import of cheaper raw materials from LCC countries, resulting in higher prices of the category. The pricing also depends upon the type of flute type used such as A, B, C, E, F type, and others. The usual corrugated board-making machine costs around USD 20,000 - 50,000, but 3,5,7 ply costs around USD 70,000 - 80,000. Production made using different categories of machines has an impact on the prices of the category.
Order your copy of the Corrugated Board category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Corrugated Board
Industries Served - 22%
Geographic Service Provision - 17%
Certification - 16%
Years in Service - 15%
Employee Strength - 10%
Revenue Generated - 10%
Key Clients - 10%
Functional Capabilities - Corrugated Board
By type:
Single Face - 25%
Single Wall - 25%
Double Wall - 25%
Triple Wall - 25%
Rate Benchmarking
The geographical location, scale, and type of materials used during manufacturing play a vital factor in analyzing the rate benchmarking of the corrugated board category. For example, board services in China are typically cheaper than services in other parts of the world. This is due to the wide availability of Kraft papers in the country and the latest technology used for subsequent packaging has broadened the market reach for them. China exports around USD 158 million of Kraft papers around to South Korea, Vietnam, Australia, and Malaysia. Machines used for production are also cheaper ranging from semi-automatic to fully automatic machines of different ply involved ranging from starting price of USD 20,000 to 80,000. The wide availability of raw materials and cheap labor to run operations has allowed it to lead in the market.
Supplier Newsletter
In September 2021, Mondi Group expanded its production line in Szczecin, Poland. This expansion plan is to streamline their packaging process for the e-commerce industry and help them in establishing themselves as a leader in the European market for the industry.
In July 2022, Georgia-based Company WestRock, which is the leading manufacturer of packaging and containerboard products in the U.S., entered into a strategic agreement to acquire Mexico-based Company Grupo Gondi for USD 970 million. This strategic acquisition will help in enhancing its position in the packaging materials market.
In September 2021, Heinz, a food processing company, entered into a strategic partnership with WestRock Company for developing a replacement for shrink-wrapped multipacks with recyclable paperboard. These are renewable, recyclable, responsibly sourced carbon-neutral paperboard sleeves designed for sustainable packaging solutions.
In 2022, Westrock Co., the U.S.-based manufacturer of packaging and containerboard acquired a leftover interest in GRUPO Gondi. GRUPO Gondi has multiple businesses throughout Mexico including corrugated plants, graphic plants, and paper mills. After the acquisition, Westrock Co. expanded its operations to Latin American markets.
List of Key Suppliers
DS Smith
Smurfit Kappa
WestRock Company
Mondi
Packaging Corporation of America
Stora Enso
International Paper
Georgia-Pacific
Oji Holdings Corporation
Port Townsend Paper Company
Browse through Grand View Research’s collection of procurement intelligence studies:
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Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Catering Service Procurement Intelligence Report Scope
Catering Service Category Growth Rate : CAGR of 6.8% from 2023 to 2030
Pricing Growth Outlook : 20% - 25% (Annually)
Pricing Models : Cost plus pricing model, and market-based pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : By type, operating capability, quality measures, technology, certifications, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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April 24, 2024
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Blow Molding Plastic Packaging Procurement Intelligence
In this blow molding plastic packaging procurement intelligence report, we have estimated the pricing of the key cost components. Raw material, design, engineering, manufacturing form the largest cost component of blow molding plastic packaging implementation. Raw materials such as Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Polyvinyl Chloride (PVC) account for 50-60% of the total cost. The cost also depends on the type of blow molding such as extrusion, injection, and injection stretch blow mold. For instance, a single cavity extrusion blow mold costs around USD 3000 and a multi cavity can go to the extent of USD 25,000. In comparison, Injection molding costs a little higher than extrusion blow molding, the reason being the complex procedure to gain higher efficiency. The cost involved in injection molding depends upon the amount of tonnage pressure that is put up to keep the mold intact. The cost takes around USD 3000 to 6000 for a single cavity and up to USD 90,000 depending upon the capacity of production. Despite being costly, it provides very efficient production of the category which cover up the initial costs.
Order your copy of the Blow Molding Plastic Packaging category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Blow Molding Plastic Packaging
Industries Served - 25%
Certification - 20%
Geographic Service Provision - 15%
Employee Strength - 12%
Years in Service - 10%
Revenue Generated - 10%
Key Clients - 8%
Functional Capabilities - Blow Molding Plastic Packaging
Polyethylene (PE) - 25%
Polypropylene (PP) - 25%
Polyethylene Terephthalate (PET) - 25%
Polyvinyl Chloride (PVC) - 25%
Rate Benchmarking
The geographical location, scale, and type of the business play a vital factor in analyzing the rate benchmarking of the blow molding plastic packaging category. For example, molding services in China are typically cheaper than services in other parts of the world. For instance, injection molding in China costs around USD 1,000 for small-scale production, and for large production, depending on the work quality and quantity, it may go to USD 12,000 which is relatively cheaper due to manufacturing conditions specific to the country. China has also the latest technology compared to other countries such as 3D printing and automation which drastically reduces labor costs.
The cost of blow molding plastic packaging services varies depending on the scale of the project. For example, a small business that is simply looking to produce on a smaller scale will likely pay higher than a large enterprise that is looking to produce on a large scale. Prices also depend on the complexity of the blow molding application. For instance, Injection molding has the highest complexity among all others, but with larger complexity, it delivers more accuracy and precise production. Cost is also higher as high as about 50 -60% higher than the extrusion type.
Supplier Newsletter
In May 2023, PepsiCo announced to automate the process of production to ease the process and increase the efficiency of the operations involved. This includes packaging equipment, such as palletizing equipment, fillers, packers, stretch wrappers, and labelers. They have automated tasks such as changeover management, machine setups during format changes, and mold changes on blow molding equipment.
In 2022, UNIKO developed a unified approach for continuous extrusion, accumulation technologies, and all brands of blow molding machines as “UNIKO 2.0 PLC Controls and Software”. With its rapid adaptation technology, it can be applied to any blow molding machine of extrusion type with accumulation or continuous technology. In August 2022, Jomar Corporation expanded its line with the addition of blow machines of extrusion type from Automa by Magic. These machines are equipped with UNIKO 2.0 technology and increased the capacity of various extrusion shuttles from 8 to 33 tons. These can handle specially designed molding stackable jerry cans.
In 2022, PepsiCo announced to use 3D printing for making the bottle molds at their R&D campus in New York. This helps them in saving around USD 10,000 for creating a blow mold set of metal. It has improved efficiency and lowered the cost of production involved resulting in decreased time to launch new products.
In October 2021, Coca-Cola, UPM, and Changchun Meihe announced to commercialization of the technology of converting second gen biomass to plant-based mono ethylene glycol. This has reduced the usage of oil-based plastic used during production. This has helped them to achieve their goal towards carbon emission reduction by reducing the usage of oil-based plastics in packaging, and other materials of the category.
List of Key Suppliers
Niagara Bottling Llc
Petainer UK Holdings Ltd.
Nampak Plastics Europe Limited
Plastipak Packaging Inc.
Esterform Packaging
Plastic Technologies Inc.
Toyo Seikan Kaisha Ltd.
Graham Packaging Company Inc.
Logoplaste
Greiner Packaging International
Sailor Plastics
Artenius Pet Packaging Europe (Appe)
Amcor Rigid Plastics
Constar Plastics B.V.
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Blow Molding Plastic Packaging Procurement Intelligence Report Scope
Blow Molding Plastic Packaging Category Growth Rate : CAGR of 4.7% from 2023 to 2030
Pricing Growth Outlook : 10% - 15% (Annually)
Pricing Models : Cost plus pricing model, volume-based pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : By type, operating capability, quality measures, technology, certifications, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Blockchain Procurement Intelligence
In this blockchain procurement intelligence report, we have estimated the pricing of the key cost components. Block development, transaction volume, and transaction size form the largest cost component of blockchain implementation. Together with maintenance, node hosting, and designing they account for 60-70% of the total cost. The cost also depends on the type of blockchain such as private, public, or hybrid blockchain. For instance, in a private blockchain cost model, considering a daily transaction volume of 250,000, a transaction size of 500 bytes, and cloud-based node hosting, the total onboarding costs in the first-year range between USD 115,000 - 120,000. Cloud costs range between USD 50,000 - 52,000. Ongoing and maintenance costs range between USD 140,000 - 150,000. The costs of monitoring are between USD 19,000 - 22,000. Hence, over a period of five years, in a private blockchain model, on average, the annual costs range between USD 300,000 and 320,000 for 365,000 annual transactions. As a result, the average transaction costs come to around USD 0.8 - 1 per transaction.
On the other hand, in the case of a public blockchain model, over a period of five years, the average annual costs range between USD 22,000 - 25,000 for 365,000 transactions. As a result, the average transaction costs come to around USD 5 - 6 per transaction. The assumptions considered for this cost model are second-generation ZKPs with an average ZKP transaction gas limit of 2.5 million and a long-run price of ether USD 100.
Order your copy of the Blockchain category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Blockchain
Industry served - 20%
Years in Service - 15%
Geographical Service Presence - 15%
Employee Strength - 15%
Revenue Generated - 15%
Key Clients - 10%
Certifications - 10%
Functional Capabilities - Blockchain
Private - 25%
Public - 25%
Hybrid - 25%
Consortium - 25%
Rate Benchmarking
The geographical location and nature of the business play a vital factor in analyzing the rate benchmarking of blockchain category. For example, blockchain services in the U.S. are typically more expensive than services in India. For instance, in U.S the average hourly rate of a software developer is the highest ranging from USD 45 to 70, as compared to India which is around USD 20 to 40.
This is due to a number of factors, including the availability of skilled labor, and the regulatory environment. The cost of blockchain services varies depending on the scale of the project. For example, a small business that is simply looking to implement a blockchain-based solution will likely pay less than a large enterprise that is looking to build a complex blockchain-based platform. Prices also depend on complexity of the blockchain application. For instance, a simple application may cost between USD 40,000 - 60,000 whereas a highly complex application may cost from USD 155,000 to 300,000.
Supplier Newsletter
In June 2023, EU’s EBSI Vector project announced collaboration with Protokol, a blockchain service provider for professional and educational credential verification. This project will simplify the recognition of EU citizens in different countries.
In June 2023, Fujitsu announced the launch of its proprietary blockchain technology, ConnectChain, in collaboration with Asian Development Bank, ConsenSys Software Inc., R3, and SORAMITSU, LTD for facilitating and enhancing cross-border transaction safety of financial securities. By incorporating "ConnectionChain," the trials accomplished the establishment of a system capable of securely linking multiple blockchains to facilitate transactions across various economic regions. The primary objective of these trials was to enhance cross-border securities settlement within countries such as Japan, China, and South Korea.
In June 2023, KOMARKCORP BERHAD announced a partnership with Ant Group Digital Technologies to tap into digital blockchain services. The partnership combines Komark's expertise in printing and labeling with AntChain's blockchain-based traceability technology. This collaboration aims to explore new markets and meet the increasing consumer demand for traceability, particularly in safety-sensitive industries like food and beverage, as well as the medical sector.
In June 2023, J.P. Morgan partnered with six major Indian banks to use blockchain technology to settle interbank U.S. dollar transactions. The participant banks include ICICI Bank, HDFC Bank, Yes Bank, Axis Bank, and J.P. Morgan’s banking unit at Gujarat International Finance Tec-City. The blockchain pilot will remove barriers such as the non-availability of settlement on Saturdays, Sundays, or public holidays.
In February 2022, 5ire, a blockchain network of the fifth generation, obtained a USD 100 million capital commitment from GEM Global Yield LLC SCS (GGY), as part of its intention to pursue an initial public offering (IPO).
List of Key Suppliers
IBM Corporation
ConsenSys AG
LeewayHertz
ELEKS Software
Blockstream Corporation Inc.
Bitfury
Springcoin, Inc., d/b/a Spring Labs
Chainanalysis
Galaxy Digital Holdings Ltd.
Markovate
Appinventiv
Accenture Plc
Cubix
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Blockchain Procurement Intelligence Report Scope
Blockchain Category Growth Rate : CAGR of 87.7% from 2023 to 2030
Pricing Growth Outlook : 8% - 10%
Pricing Models : Cost plus pricing model, fixed price pricing model
Supplier Selection Scope : Cost and pricing, Past engagements, Productivity, Geographical presence
Supplier Selection Criteria : Type, technical expertise, security measures, cost and value, support and maintenance, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Catering Service Procurement Intelligence
In this catering service procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials, transportation costs, and rental cost form the largest cost component of catering service implementation. Raw materials account for 40% of the total cost. The cost also depends on the location, personnel cost, and pricing strategy. The cost of food is one of the most significant costs for catering companies. It can vary depending on the type of food being served, the quality of the food, and the location of the event. Another important cost for catering businesses is personnel cost as it accounts for 8-10% of the total cost which includes chefs, serving staff, supervisors, and other. Several variables, such as the distance to be traveled, the scale of the event, the kind of food being transported, and the time of day, can affect a catering service's cost of transportation.
Order your copy of the Catering Service category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Catering Services
Employee Strength - 25%
Years in Service - 25%
Revenue Generated - 15%
Geographic Service Provision - 15%
Certifications - 15%
Key Clients - 5%
Functional Capabilities - Catering Services
By type:
Wedding Catering - 25%
Corporate Catering - 15%
Social Events Catering - 15%
Contractual - 15%
Non-contractual - 15%
Others - 15%
Rate Benchmarking
The geographical location and nature of the business play a vital factor in analyzing the rate benchmarking of the catering service category. For example, catering services in the U.S. are typically more expensive than services in India. Living expenses are higher in the US than those in India because of the increased cost of food, labor, and other factors, catering services may become more expensive. In general, ingredients in the US are of a higher quality than those from India. This is due to strict food safety laws and the developed agricultural sector in the United States.
As a result, American catering businesses employ higher-quality ingredients, which may result in more expensive costs. The level of service is generally higher in theUS than in India. This is because catering companies in the US have more experience and expertise, and they are able to provide a higher level of personalized service. The cost of catering is higher in the UK than it is in China. The greater cost of living in the UK, the higher wages for catering personnel, and the higher price of food ingredients are a few reasons for this. In China, catering cost is often calculated per person or per table. Depending on the kind of event, the number of visitors, the menu, and the degree of service, the cost will change.
Supplier Newsletter
It is cumbersome for any organization to continuously track the latest developments in their supplier landscape. Our newsletter service helps them remain updated, to avoid any supply chain disruption which they may face, and keep a track of the latest innovations from the suppliers. Outsourcing such activities help clients focus on their core offerings. Our research on the catering services market has identified the following developments:
In February 2021, DoorDash, a U.S.-based online food ordering, and food delivery platform, acquired an automated food preparation company called Chowbotics. This acquisition will help DoorDash expand its current menu offerings as well as reach new customers in new markets without investing in an entirely new store.
In October 2020, Westbury Street Holdings (WSH), the company behind a number of foodservice brands operating in the U.K. and Europe, completed the acquisition of bartlett mitchell. With this acquisition, WSH strengthened its presence across Europe.
List of Key Suppliers
Ann Sather
Aramark Corporation
Aria catering
AVI Food Systems
Bartlett Mitchell
Black Olive Catering
Blue Plate
CH and Co Catering Group
Compass Group
Delaware North Companies
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Catering Service Procurement Intelligence Report Scope
Catering Service Category Growth Rate : CAGR of 5.8% from 2023 to 2030
Pricing Growth Outlook : 7% - 9% (Annual)
Pricing Models : Fixed price pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Quality, price, safety measures, cost and value, support and maintenance, regulatory compliance, flexibility, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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