There are various themes in the Services sector observed globally.
Muted demand growth will exacerbate overcapacity for the shipping sector in 2017, putting pressure on freight rates and driving further consolidation and defaults, according to Fitch Ratings. M&A activity is expected to restore equilibrium and boost freight rates in the short to medium term.
Uber’s autonomous trucking arm, Otto, completed its maiden voyage in October 2016. The delivery was for 50,000 cans of beer and was made in Colorado. This shows that autonomous vehicles, similar to those used in warehouses, could soon be on the world’s roads
Technology and market research company Forrester forecasts digital media spending will increase to $118bn by 2021, but it projects this spending will slow overall as marketers emphasize brand experiences over volume-based advertising strategies and budgets are reallocated to reflect this trend.
The increasing presence of technology in the workplace across all sectors has lead to a flurry of recruitment activity. Furthermore, it has lead to a raft of new firms set up catering only to the tech space.
As companies increasingly outsource routine functions, the role of HR talent is changing. In 2017, many companies will begin to recruit individuals with specific technology-driven talents, including HR analytics, data analysts, and marketing talent.
Under the Services Sector, we serve the below sub-sectors:
- Building and Construction
- Leisure & Retail
- Testing, Inspection and Certification
- Business Process Outsourcing
- Consulting & Engineering
- Energy Services
- Industrial Services & Facility Management
- Waste Management & Water