The global testing, inspection & certification (TIC) industry will likely
outgrow Moodys G-20 GDP forecasts of 2.8% thereby underpinning its credit
quality into 2022, Moodys Investors Service said today in a new report. TIC
companies provide quality control services for sectors ranging from agriculture
and autos to medical and commodities.
The growth will be supported by
several ongoing global structural trends, including continued economic and
population growth in emerging markets, which has swelled the middle classes and
raised expectations for product quality and safety standards.
Another key trend is the increasing
complexity and globalisation of supply chains with businesses focused on
meeting required standards and regulations to maintain product quality. This
together with sustainability considerations plays an increasing role in brand
reputation management.
“The biggest sectors served by
the TIC industry, like consumer goods, retail and agri-food, will be affected
by some or all of these major structural trends, and the demand for TIC
services will grow accordingly,” said Lucia Lopez, a Moodys Vice
President – Senior Analyst.
M&A activity continues to grow
in the sector, largely bolt-on acquisitions to enhance in-house TIC
capabilities, as an attractive alternative to large capital spending and
investment.
اتحاد بنوك مصر “ له الشخصية الاعتبارية ولا يهدف للربح ، ويضم جميع البنوك وفروع البنوك الاجنبية الخاضعة لاحكام القانون رقم 194 لسنة 2020 باصدار قانون البنك المركزي والجهاز المصرفي…المزيد
