LONDON: SpendEdge, a global procurement market intelligence firm, has announced the release of their report portfolio on global components and spare market.
Considered indispensable for a range of end-user industries, the components and spare market accommodates the global consumer’s penchant towards newer, better, and cost-effective spare parts. According to SpendEdge’s procurement report on the components and spare market, innovative strides being made on this field is further contributing to the spiraling growth of the components and spare market.
It is the norm of the industry that more the growth, more are the complexities involved in venturing into the market. On that note, the components and spare market witnesses several complexities that are the result of business outlook changes and other socio-economic factors. Such complexities are inhibiting investors from accruing the returns that they expect while they decide on capitalizing on this thriving component and spare market. However, we at SpendEdge, believe that no matter what the size and severity of such complexities, it should not limit one’s business dreams. We believe that with the right procurement insights, the challenges can be converted and leveraged as the drivers of success. (more…)