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Rise in Labor Cost Driving the Demand for Automation and Instrumentation Solutions

SpendEdge Procurement Market Intelligence InfographicsLondon, Apr 26, 2018: Growing demand for incorporating automation and instrumentation systems and solutions within industries such as oil and gas, metals and mining, pharmaceutical, and paper and pulp to enhance productivity, reduce production cost, and minimize labor cost is driving the demand in this market. Additionally, lack of availability of skilled labor and rise in labor cost encourage buyers to opt for automation and instrumentation solutions.

SpendEdge’s latest procurement research report on the global automation and instrumentation market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the information technology, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Automation and instrumentation enable businesses to improve productivity by reducing errors and enhancing quality and speed of activities. As per observations, it is noted that automation of activities can increase productivity growth globally from approximately 0.6%-0.8% to 1.3%-1.5% annually.” – Bhuvaneshwari Udayakumar, information technology expert at SpendEdge.

Business process re-engineering enables buyers to estimate the cost of restructuring and the ability of the existing infrastructure to integrate with automated systems and software. However, buyers find it difficult to understand organization’s capabilities in terms of analyzing organization’s structure, culture, and existing IT resources. Furthermore, issues in comprehending the organizational culture may lead to disruption in routine work due to the implementation of automation and instrumentation.

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This procurement report on the glass automation and instrumentation market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

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Procurement Challenges Troubling Executives in the Sheet Metal Fabrication Equipment Market

The modern wonders of the world are all possible due to advances in construction technology and material science. Although technological advancement is growing at an unprecedented rate, it’s the small and simple things that still matter. Sheet metal fabrication is still as important in construction and manufacturing as it was decades ago. Sheet metal fabrication equipment is used to cut and provide shapes to sheet metal components and also involves the process of material removal or material deformation. It comes as no surprise that the sheet metal fabrication equipment market is ever-growing. The growth of end-user industries such as construction, heavy equipment, and energy can be attributed to the growth of the sheet metal fabrication equipment market. In addition, the automotive industry is another major end-user industry, which is fueling market growth. However, it’s not all easy for the procurement teams in this market to conduct business.

Request Free SampleMaintenance cost of the equipment

The overall maintenance cost for sheet metal fabrication equipment consists of the time and money that was spent on the corrective actions and the loss of production time that results in direct revenue loss for the organization. Additionally, the age of the equipment, condition of the equipment, and amount of utilization of the sheet metal fabrication equipment also impacts the overall spend on maintenance. As a result of increasing cost of maintenance, the TCO of sheet metal fabrication equipment is increasing, taking it beyond the purchasing power of small and medium scale buyers.

Inability to track usage

Buyers across different industries are not tracking parameters such as idle machine time and proper estimation of the use of equipment. This results in the sub-optimal utilization of sheet metal fabrication equipment across different industries. As a result, third-party professionals need to be hired for conducting surveys to assess the true utilization rate of the equipment accurately.

Assessing the real value of equipment prior to leasing

Buyers across different end-user industries prefer procuring sheet metal fabrication equipment on lease. It helps to reduce the CAPEX and optimize the profit margins for buyers. However, buyers find it difficult to assess the value of sheet metal fabrication equipment prior to leasing as it requires checking parameters such as the history of usage and utilization rates. As a result, buyers find it difficult to assess the residual value of the equipment prior to its procurement. To ascertain the true value, buyers must take assistance from industry experts to understand the residual value of the equipment before leasing the equipment.

To avoid and tackle such procurement challenges, buyers in the sheet metal fabrication equipment market should invest in preventive maintenance and try to outsource the maintenance of equipment. Also, it can help if buyers hedge against raw material price fluctuations as it eases the financial burden.


Read more about the procurement challenges in the sheet metal fabrication equipment market along with procurement best practices, pricing models, supply market insights, and market challenges in SpendEdge’s upcoming report on the global sheet metal fabrication equipment market.
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An Overview of the Credit Referencing Market

Loans, EMIs, credit, and mortgage! The world has been increasingly dependent on the lending economy. All in all, the world mostly runs on money that is lent. It is no wonder why most of the countries have insanely high national debts, and banks have been bailed out time and again. But giving away credit is a risky task, as a lot of factors has to be analyzed regarding the creditworthiness of the borrower. The lending organization has to be especially careful to whom they lend money, which includes a complicated and lengthy background check and financial assessment. However, as the world runs on lending, any slowdown in such process may hurt the global economy or halt its progress. This is where credit referencing agencies play a vital role by providing lenders with information regarding individual’s past track record with credit. Credit referencing agencies help lenders in making decisions swiftly and effectively with respect to offering a loan to customers. These agencies share financial information of individuals or business organizations so that lenders can assess credit history, which helps gauge customers’ ability to fulfill future payment obligations.

Request Free SampleWhy is the credit referencing market growing?

The procurement market intelligence report by SpendEdge on credit referencing market estimates an impressive CAGR of 6.8% for the market. So what is the reason behind such a remarkable growth? Firstly, the information collected and provided by credit referencing agencies helps potential lenders in efficiently determining the creditworthiness of borrowers. Such information can help lenders in quickly assessing the potential payback capacity of the borrower, calculating risk profile, and determining interest rates. As a result, lenders can reduce borrowing costs, minimize chances of loan delinquencies, ensure smooth flow of credit, and maintain financial stability. Additionally, since credit referencing agencies have complete information about the customer, it can effectively help bankers to minimize instances of fraud. Even though delinquent customers try to use different accounts or create fake accounts to mask default transactions, such agencies can easily pick out such defaulters.

Does it mean the market is flawless?

Although the process of credit reference seems to present itself as a boon within the financial industry, some controversy and challenges are surrounding the players in this market. One of the most significant controversies is that of information authenticity of such service providers. It usually happens when customers that the information filed with credit referencing agencies are false, which leads to denial of credit by potential lenders. As of February 2017, the Consumer Financial Protection Bureau received approximately 185,700 complaints. If the number of complaints keeps growing, then it can have a negative impact on the growth of credit referencing services. Not only that, but instances of data breach and cyber attack also concerns the consumers of such services. The recent data breach incident at Equifax in 2017 resulted in the access of personal consumer data of 700,000 UK consumers, resulting in fake accounts being created and delinquencies being added.

What technologies can augment this market to the next level?

  • Equifax Ignite is a DIY solution offered by Equifax, which helps buyers in creating models and scores based on relevant attributes. Using this tool, buyers can gain access to 1.5 petabytes of Big Data that has about 23 data feeds from eight core exchanges along with 60 months of history
  • The powercurve tool combines data across credit agencies and client sources, which helps buyers gain a holistic view of prospective customers
  • FICO employs AI and machine learning tactics to provide better data and insights about consumer credit information


Read more about the trends in the credit reference market along with supply market insights, procurement challenges, pricing models, and key agencies in SpendEdge’s upcoming report on the global credit referencing market.

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The Giants of the Sheet Metal Production Industry

Sheet metal is one of the fundamental forms of steel used in metalworking, which can be cut or bent into a variety of different shapes and sizes. Countless everyday objects and materials are built using sheet metal. Sheet metal forming operations produce a wide range of consumer and industrial products including electronics, kitchen utensils, robotics, aircraft fuselages, and metal furniture. It comes as no surprise that the valuation of the sheet metal market stood at $289.45 billion in 2017. The automotive industry is responsible for the increasing market size of sheet metal, with the estimates stating that the demand for aluminum sheet metal will cross 2750-kilo tons by 2020. (Procurement Market Intelligence Report – SpendEdge) Additionally, the booming manufacturing sector in countries such as China, India, Taiwan, and the Philippines has driven the demand for sheet metal. So, who are the top players in the sheet metal market who will benefit from such a phenomenal growth?

Request Free SampleBlueScope

BlueScope is a global leader in painted and coated steel products and is the world’s third-largest producer of coated steel products. The company primarily caters to markets in Australia, New Zealand, and the western coast of the continental US. Apart from sheet metal, the company also offers hot rolled coil, steel strips, metallic coated steel, and safety data sheets. The company sells its products under the brand name Colorbond, Zincalume, Galvabond, Galvaspan, Zincanneal, Truecore, Tru-Spec, and Uniblanks. In November 2016, BlueScope was awarded by the New South Wales government for its sustainability efforts for the tenth year in a row.


NCI has been formed because of the consolidation of 19 companies and is one of the world’s largest suppliers of metal components and engineering building systems. The company offers a broad range of products that can be used in new construction activities, repair, and retrofitting. The company sells its metal component brands under the name ABC, DBCI, MBCI, Metal Depots, METL Span, and Centria. Almost half of its revenue is generated from such metal component brands.


Nucor is globally renowned for its sustainability practices and is presently North America’s largest recycler with a production capacity of more than 27 million tons. The company is also recognized for its early adoption of new technologies and was among the first companies in the world to use electric ace furnace in its operations instead of the traditional blast furnace. The company is also North America’s largest recycler of any material recycling about 16.9 million tons of scrap material in 2015. Carbon steel, fasteners, metal building systems, sheet metal, and alloys are some of the products offered by the company.

United States Steel

United States Steel is among the world’s top 15 steel producers in terms of production capacity. It was formed as the result of a merger between three global steel producers. The company has a production capacity of more than 22 million tons of steel and is among the largest steel producers in North America. Apart from sheet metal, the company also provides solutions to US federal government and defense industrial base. The company reported revenues of $10.26 billion from five countries including the US.


Alcoa is among the top ten producers of aluminum worldwide. In 2016, it was ranked as the world’s sixth largest aluminum producer in terms of production capacity. In 2016, the company split into two different entities, namely Alcoa and Arconic. The company’s product portfolio includes products and services including aluminum smelting, aluminum casting, aluminum rolling, bauxite, and alumina. The company has operations across the world in countries ranging from the US, Australia, Netherlands, Canada, Norway, Spain to Brasil and Guinea.

Read more about the key suppliers in the sheet metal market along with supply market insights, procurement insights, category management, and pricing models in SpendEdge’s upcoming report on the global sheet metal market.

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Top 5 Metal Fabrication Equipment Manufacturers Spearheading the Industrial Revolution

The world of big skyscrapers, complicated tools, and heavy machineries have been made possible by metal fabrication tools which assists in the production of the required sheet metal, nuts and bolts, and springs and wires. Metal fabrication tools and equipment are used in metal fabrication shops to provide shape and structure to metal components. By cutting, burning, welding, machining, forming, and assembling raw metal materials, desired machines and structures are formed. Lathes, boring machines, milling machines, and drilling machines are some common types of metal fabrication tools and equipment. The metal fabrication process can either be manual or automated. However, after the fourth industrial revolution, metal fabrication process has been highly automated with manufacturers looking to incorporate IoT systems. Increasing adoption of IoT systems is expected to drive the growth of the global metal fabrication equipment market as manufacturers seek to establish harmony between manufacturing and information management systems. (SpendEdge – Procurement Market Intelligence Research Report)

Request Free SampleTop vendors involved in the manufacturing of metal fabrication tools and equipment


Trumpf is a family-owned metal fabrication equipment company and is one of the largest machine tool suppliers in the world. The company has production facilities in Germany, France, the UK, China, Japan, and the US. Under their machine and systems product portfolio, the company offers products and services including laser cutting machines, 3D laser cutting, laser tube machine cutting, marking systems, punching machines, bending machines, and storage systems. In September 2017, Trumpf opened a technology center in Chicago, Illinois, catering specifically to Industry 4.0 solutions. The company spent more than $30 million for the technology center that covers an area of 50,000 sq.ft.

Shenyang Machine Tool

Shenyang Machine Tool is the largest machine tool and equipment manufacturer in China and is one of the leading companies of metal fabrication equipment globally. The company’s products are mainly used for cutting and processing of metal materials. The company has a wide array of metal fabrication tools including cutting, milling, boring, and drilling equipment. The company has an R&D center in Berlin that ensure quality product design and performance accuracy. The company manufactures about 80,000 small and large equipment annually.


Amada is a global manufacturer of metal processing equipment and machinery, involved in producing metal cutting, forming, punching, and shearing equipment. The company is headquartered in Kanagawa, Japan and employs more than 8,000 people across the globe. Apart from metal fabrication tools and equipment, the company also offers software solutions for machine automation and training. Their latest product 3kW ENSIS utilizes a highly innovative resonator to precisely and automatically adjust the diameter of the laser beam which enables continuous processing of thin-to-thick materials by a single machine with no lens change.


Okuma is a machine tool builder that started operations as Okuma Noodle Machine company in 1898 but started making machine tools under Okuma Machine Works, which was established in 1918. The company was involved in producing lathes in the earlier days but now offers CNC lathes and machining centers. Their CNC machine tools renowned for excellence and delivering innovative and groundbreaking technologies. The company reported revenues of $1.45 billion for the year 2016 which was a significant 13.7% increase over the previous year.

DMG Mori Seiki

DMG Mori Seiki was formed by a strategic partnership between Deckel-Maho-Gildemeister of Gildemeister and Mori Seiki around 2009. The Japnese company has since grown to be one of the world largest suppliers of machine and metal fabrication tools and markets its products under the name DMG Mori. The company has developed and produced more than 200 models of CNC lathes and machining centers since its establishment.

Read more about the key vendors in the metal fabrication tools and equipment market along with supply market insights, pricing models, procurement challenges, and sourcing insights in SpendEdge’s upcoming report on the global metal fabrication equipment market.

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Top 5 Market Leaders Involved in the Manufacturing of Generators

A lot of focus is placed on the energy sources such as steam turbines, wind turbines, and combustion engines when it comes to electricity generation. However, under the hood, generators, a critical component, work hard to convert mechanical energy to electromagnetic energy. Generators are capable of producing electricity from various sources including gas turbines, steam turbines, and water turbines. Generators are essential devices that can be used to supply the electrical power in case of power outage, offering continuity to various business operations and manufacturing activities. The first electromagnetic generator named the Faraday disk was built by the British scientist Michael Faraday in 1831. The recent procurement market intelligence report by SpendEdge on the global generators market identifies the APAC region to be the most significant market for generators worldwide, posting a growth rate of 4%-7% by 2022. request proposalGenerator manufacturers are banking on the growth of population and increase in purchasing power in countries such as China and India to expand their market share.

Top generator manufacturers


Caterpillar is an American multinational company engaged in designing, developing, manufacturing, and marketing of construction equipment, engines, and generators. It is also the world’s largest construction equipment manufacturer and amongst the top generator manufacturers. The company has a wide variety of generators including diesel generators, gas generators, mobile generators, switchgear, ATS ATC breaker, contractor, microgrid, and continuous power module. In December 2017, Caterpillar expanded its home and outdoor power equipment product line with the introduction of portable inverter generator named as Cat INV2000.


Cummins is a Fortune 500 corporation engaged in designing and manufacturing of engines and engine-related components that include turbochargers, fuel systems, controls systems, air handling systems, and electric power generation systems. One of the most prominent generator manufacturers in the world, Cummins sells its products in approximately 190 countries and territories with an extensive network of distributors and dealers. The company generated revenues of $17.5 billion in the year 2016 with a vast employee base of 55,400 people.

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Top 5 Mining Equipment Manufacturers Across the Globe

Working in the mining industry can be a dangerous and challenging task due to extreme working conditions and multiple emergency situations. Extracting resources from the Earth is a laborious task and requires heavy mining equipment that can perform the toughest of tasks. There are various categories and types of mining equipment including dozers, loaders, trucks, drillers, crushers, dryers, feeders, conveyor belts, hydraulic pumps, and compressors. Each kind of mining equipment is used in its own set of mining activity and differs in the function they perform. Although the mining industry has been functioning all the same since its inception, the recent incorporation of digital technologies has substantially enhanced the productivity of the mining equipment. The procurement market intelligence report form SpendEdge also indicates that the category spend will be driven by rising mining activities in the APAC region.

Top 5 Mining Equipment ManufacturersGet Free Sample_SE


Komatsu is a Japanese multinational corporation involved in the manufacturing of construction, mining, and military equipment. The company also manufactures industrial equipment like press machines, lasers, and thermoelectric generators. Their construction and mining equipment consists of machines including electric rope shovels, continuous miners, hydraulic excavators, wheel loaders, motor grades, dump trucks, and mini excavators. In April 2017, the American subsidiary of Komatsu acquired Joy Global, a world leader in high-productivity mining solutions. The company also recently announced a partnership with NVIDIA to improve the safety and productivity of construction job site operations by introducing AI.

Top 5 Pharma Machinery Manufacturers Worldwide

The pharmaceutical industry across the world is growing at a rapid rate owing to advances in technology, rising income levels and willingness to spend on modern healthcare. To keep up with increasing demand for pharmaceutical products, pharma companies have to procure the best-in-class pharma machinery. The global pharma plant machinery and equipment market deals with pharmaceutical industrial machinery used in production, processing, and packaging of pharmaceutical products. Drug formulation and manufacturing equipment and packaging equipment are two major kinds of pharma machinery. The procurement market intelligence report from SpendEdge estimates the global pharma machinery market to grow at a healthy rate of 7.73% during the forecast period. request proposalThe report also states that the formulation and manufacturing equipment segment is anticipated to grow to about US$15.48 billion by 2021.  

Top Pharma Machinery Manufacturers

  • GEA

GEA is a global provider of process equipment and solutions serving industries such as food and beverage, pharmaceutical, healthcare, transport, and dairy. The company offers solutions to industries such as It is one of the oldest manufacturers of process equipment and derives about 70% of their revenue from the food and beverages segment. This pharma machinery manufacturer offers products including pharma plant equipment and machinery, equipment installation and commissioning, equipment maintenance, support and spare part provision, pharma drug discovery, processing and packaging equipment.

  • Merck KGaA

Merck KGaA is a British company catering to life sciences, chemical, and pharmaceutical industries and is one of the oldest chemical firms. It is one of the leading companies in genome editing and gene therapy. Pharma plant equipment and machinery, consumer healthcare, life sciences services and research, food and beverages research, government and academic research are some of the key services offered by the firm. In November 2017, the company launched a new filter bottle system for sterile filtration of cell culture media.

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Top 5 Global Amino Acid Manufacturers

Amino acids organic compounds that are essential for humans to build proteins, remove waste, DNA synthesis, repair tissues, break down food, and perform other bodily functions. Amino acids can be essential amino acids, non-essential amino acids, or conditional amino acids. Of these, conditional amino acids are used by the body for specific purpose regarding fighting illness or use as fitness supplements. Apart from its use in food technology, animal feed, and fertilizers, amino acids are also used in industrial applications to produce catalysts, biodegradable plastics, cosmetics, and drugs. The procurement market intelligence report identifies the increase in production of amino acid-based animal feed products, demand for dietary supplements, and rise in use of flavor enhancing products as the major growth drivers for the global amino acid market. Additionally, the report also identifies the APAC region to be the most significant market for amino acid consumption.
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Top Amino Acid Manufacturers


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Top 5 Manufacturers of Food Thickeners

A food thickener, or a thickening agent, is widely used in the food and beverage industry to increase the viscosity of a liquid food without changing its other properties. Food thickening agents are mainly used in food and beverage applications such as soups, gravies, salad dressing, and sauces apart from bakery and confectionery products. Food thickeners are usually starch-based, gel-based, or gum-based foundations and may comprise polysaccharides, proteins, vegetable gums, and functional flours. The procurement market intelligence report states that the global production of starch amounted to approximately 70–75 million tons with countries such as Germany, the US, Spain, Turkey, China, and India leading the export of cornstarch.

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food thickeners production hubTop Vendors Manufacturing Food Thickeners


Cargill is a privately held American company and a leading provider of food, agriculture, financial, and industrial products. They work in collaboration with farmers, customers, governments, and communities. Cargill offers a broad variety of hydrocolloids with consistent quality, which can be in the form of Carrageenan, Pectin, or Xanthan Gum. Such a food thickener is used in foods like prepared frozen meals, sauce & dressings, various dairy products, frozen desserts, beverages, fruit preserves (jam & jelly) and confectionery. In 2017, the company launched Seabird, an ingredient that provides texturizing solution for gelled dairy desserts.

Ingredion Inc.

Ingredion aims to become one of the best players for food and beverage based ingredients and additives supplier and has built a strategic framework to build its strengths. To achieve this objective the company has invested US$41 million in R&D activities dedicating more than 350 scientists working in their innovation center to develop innovative and localized solutions. Ingredion recently launched new rice-based NOVATION starches for superior texture stability in foods, which can perform under challenging conditions including high protein and high Brix content.

CP Kelco

CP Kelco is an American company headquartered in Atlanta, Georgia, and is a leading producer of specialty hydrocolloids featuring an extensive range including gellan gum, carrageenan, carboxymethyl cellulose, pectin, cellulose gum, xanthan gum, diutan gum and microparticulated whey protein concentrate and other biopolymers. In 2017, the company opened up new production facilities in Oklahoma to manufacture gellan gum which will help the company meet rising demand for food thickener.

Darling Ingredients

Darling Ingredients is a global leader in creating sustainable food, feed and fuel ingredients derived from edible and non-edible bio-nutrients. The company has over 200 processing plants on five continents that develop specialty ingredients such as gelatine and other high-energy feed ingredients. This food thickener manufacturer reported revenues of US$3.39 billion in the year 2016.


The Archer Daniels Midland Company (ADM) is an American food processing and agricultural commodities trading company. The company currently operates with more than 270 plants and 420 crop procurement facilities worldwide used in the production of food, beverage, and animal feeds. The company provides consistent, cost-effective, naturally-derived emulsifiers, food thickeners, and other thickeners, which can be used for applications beyond the food industry including oil well drilling, plastics and personal care items, and paints and coatings. Their key product line consists of emulsifiers and stabilizers, proteins, starches, and non-GMO and organics.

Read more about the top suppliers of food thickener along with liquid thickeners, thickening powder, sourcing strategies, pricing insights, procurement best practices, and procurement challenges in SpendEdge’s upcoming report on the global food thickener market.

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