Competition within the industry confirmed as the top three business issue
In terms of operating profit, most companies maintained a good level of performance in 2017, and more than 40 per cent of companies from all regions declared an increase of more than 10 per cent compared to 2016. However, the prospects for 2018 are currently lower globally.
“We are pleased to see that the growth for 2018, anticipated six months ago, appears to be confirmed, and that this is the case in all regions of the world; at the same time, geopolitical uncertainty and specific industry shifts lead to cautious expectations in terms of profits,” said Kai Hattendorf, UFI managing director and CEO.
“We also notice that a wide range of companies around the world are embracing the digitisation of our industry.”
Results also indicate that the top business issue for the industry remains the “state of the national/regional economy” (listed by 24 per cent of all respondents), ahead of “Competition within the industry” and “Global economic developments” (listed by 18 per cent of each respondents).
The full results can be downloaded at www.ufi.org/research.