China’s power crunch is threatening a troubled manufacturing industry, PMI data shows

A government survey of manufacturing activity released Thursday fell to 49.6 in September, down from 50.1 in August. Any reading below 50 indicates contraction — and in this case, it was the first time the official survey showed activity shrinking since the Covid-19 pandemic began.

Factories are getting dinged by the soaring cost of energy, according to China’s National Bureau of Statistics, which added Thursday that high-energy businesses have not been prospering.

“The big picture is that industry was coming off the boil even prior to the latest power shortages,” wrote Julian Evans-Pritchard, senior China economist at Capital Economics, in a Thursday research note.

But that work requires tons of power and thus massive amounts of coal. Power shortages began to bite in June but have worsened since then as coal prices have soared and China’s provinces have tried to meet Beijing’s targets to reduce carbon emissions.

The worsening power crunch has triggered blackouts for households and forced factories to cut production — a threat to the country’s vast economy that could place even more strain on global supply chains.

Companies in the country’s industrial heartlands have been told to limit their energy consumption in order to reduce demand for power, according to state media. The problem prompted China’s State Grid Corporation to say this week that it would “go all out to fight the tough battle of power supply,” making every effort to secure residential consumption.

Evans-Pritchard noted that the latest surveys took place before most of the impact from the latest power shortages was felt.

“Since then, power shortages have intensified,” he added, pointing out that media reports suggest factories in more than 20 provinces have had to scale back production.

Thursday’s data wasn’t all bad. A private survey of manufacturing activity, the Caixin Purchasing Managers’ Index, rose from 49.2 to 50, indicating stable levels of activity in September compared to a decline in August.

And an official index of non-manufacturing business activity rose to 53.2 from August’s 47.5, a sign that the services sector is recovering. Flagging consumer demand has been a concern in China this year.

But the overall economic picture is troubling. Analysts at Nomura and Goldman Sachs trimmed their forecasts for Chinese growth in 2021 in recent days over the power shortage problems. The Goldman analysts noted this week that there’s “considerable uncertainty” headed into the final quarter of the year, given that the Chinese economy already faces risks because of the debt crisis at embattled conglomerate Evergrande.

“There is still some scope for a further recovery in services activity as disruptions from the pandemic ease,” Evans-Pritchard wrote. “But industry looks set for further weakness.”

— CNN’s Beijing bureau contributed to this report.

Compliant Balloon Catheters Market 2020 Industry Manufacturing Size, Share, Business Insights, Key Challenges and Forecast Analysis by 2026

The MarketWatch News Department was not involved in the creation of this content.

Feb 05, 2021 (Market Insight Reports) —
According to the new market research report “Compliant Balloon Catheters Market By Type (Compliant Balloons, Super Compliant Balloons, Other) by Application (PTA, PTCA, Stent Placement, Occlusion Catheters, Valve Placement Catheters, Other) Size, Share, Trends, Growth And Forecast 2020 to 2026”, published by Qy Research Medical, The global Compliant Balloon Catheters market size is projected to reach USD million by 2026, from USD million in 2021, at a CAGR of % during 2021-2026.

QY Research Medical answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Compliant Balloon Catheters market.

The report delivers an unbiased and comprehensive analysis of the on-going trends, prospects/high growth areas and market dynamics which would aid the stakeholders to adopt and align their market tactics in line with the existing and forthcoming market dynamics.

This report covers the current ground scenario and the future progress projections of the Compliant Balloon Catheters industry for 2015-2026 along with the in-depth competitor analysis. Our research report emphasizes on evolving market trends to aid businesses recognize market openings and develop operative tactics to improve their market footprint. Clear depiction of competitive analysis of crucial players of the Compliant Balloon Catheters market, price, product portfolio, financial position, growth tactics, and regional presence in the Global Compliant Balloon Catheters Market offer the client with the basis upon which to make well-versed verdicts.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

Request Coronavirus Impact Analysis on This [email protected] https://www.qyresearchmedical.com/sample/97599

Latent impact of micro-economic factors by region on the market and Porter’s five forces analysis has been presented precisely in the report. External and internal factors that are expected to mark the business negatively or positively have been analysed to bid clear futuristic interpretation of the market space to the decision makers. This report also aids in understanding Global Compliant Balloon Catheters Market drifts, scenario and structure by assessing the different market segments, and predicts the Global Compliant Balloon Catheters Market size or sale.

List of KEY PLAYERS in Compliant Balloon Catheters Market Report are:

Boston Scientific
Cardiovascular Systems
Bard Peripheral Vascular (C.R. Bard)
Cook Medical (Cook Group)
Abbott Laboratories
B. Braun Melsungen AG
Johnson & Johnson
Abbott
Medtronic
Spectranetics International BV
Terumo Corporation

Segments Covered in the Report

Market By Type

Compliant Balloons
Super Compliant Balloons
Other

Market By Application

PTA
PTCA
Stent Placement
Occlusion Catheters
Valve Placement Catheters
Other

Competitive Landscape:
Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all the parts of the global Compliant Balloon Catheters market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.

The healthcare industry is critical in upholding the long-term economic health of every nation. Healthcare sector has witnessed an unparalleled growth over the past numerous years owed to an up-gradation and revolution in technology and progressively budding emerging markets. An aging population and the upward incidences of multifaceted diseases and chronic health disorders have further augmented the spending in R and D sector which is paving way for numerous economic prospects.

QYResearch Medical’s reports comprise several facets of the healthcare industry and scrutinize the global market scenario along with possible success and risk influences, growth indicative features and prevalent market openings. This benefit to acquire anticipated business intelligence and accordingly builds more prolific and economical trades and organisations.

Download This Exclusive Research Report, Click [email protected] https://www.qyresearchmedical.com/report/checkout/97599/3500

This research report addresses the following crucial queries:

  • What are the most fortunate and high growth openings for the Compliant Balloon Catheters market by type, by application, and by region

  • Which products segments will advance at a rapid pace and why?

  • What are the crucial influences affecting market dynamics? What are the driving forces, issues, and risks in this Compliant Balloon Catheters market?

  • Which region will progress at a faster pace and why?

  • What are the market challenges and competitive pressures in this Compliant Balloon Catheters market?

  • What are some of the shifting demand pattern and preferences of consumers in the Compliant Balloon Catheters market?

  • What are the evolving trends in this Compliant Balloon Catheters market and the motives behind them?

  • Who are the foremost players in this Compliant Balloon Catheters market? What deliberate initiatives are being taken by key corporations for business development?

  • What are the new-fangled developments in the Compliant Balloon Catheters market and which businesses are leading these progresses?

  • What Collaboration and M&A activity has happened in the past 5 years in this Compliant Balloon Catheters market?

Any Assistance, Email – [email protected]

TABLE OF CONTENT

1 Compliant Balloon Catheters Market Overview
1.1 Compliant Balloon Catheters Product Scope
1.2 Compliant Balloon Catheters Segment by Type
1.2.1 Global Compliant Balloon Catheters Sales by Type (2020-2026)
1.2.2 Compliant Balloons
1.2.3 Super Compliant Balloons
1.2.4 Other
1.3 Compliant Balloon Catheters Segment by Application
1.3.1 Global Compliant Balloon Catheters Sales Comparison by Application (2020-2026)
1.3.2 PTA
1.3.3 PTCA
1.3.4 Stent Placement
1.3.5 Occlusion Catheters
1.3.6 Valve Placement Catheters
1.3.7 Other
1.4 Compliant Balloon Catheters Market Estimates and Forecasts (2015-2026)
1.4.1 Global Compliant Balloon Catheters Sales Growth Rate (2015-2026)
1.4.2 Global Compliant Balloon Catheters Revenue and Growth Rate (2015-2026)
1.4.3 Global Compliant Balloon Catheters Price Trends (2015-2026)

2 Compliant Balloon Catheters Estimate and Forecast by Region
2.1 Global Compliant Balloon Catheters Market Size by Region: 2015 VS 2020 VS 2026
2.2 Global Compliant Balloon Catheters Retrospective Market Scenario by Region (2015-2020)
2.2.1 Global Compliant Balloon Catheters Sales Market Share by Region (2015-2020)
2.2.2 Global Compliant Balloon Catheters Revenue Market Share by Region (2015-2020)
2.3 Global Compliant Balloon Catheters Market Estimates and Forecasts by Region (2021-2026)
2.3.1 Global Compliant Balloon Catheters Sales Estimates and Forecasts by Region (2021-2026)
2.3.2 Global Compliant Balloon Catheters Revenue Forecast by Region (2021-2026)
2.4 Geographic Market Analysis: Market Facts & Figures
2.4.1 United States Compliant Balloon Catheters Estimates and Projections (2015-2026)
2.4.2 Europe Compliant Balloon Catheters Estimates and Projections (2015-2026)
2.4.3 China Compliant Balloon Catheters Estimates and Projections (2015-2026)
2.4.4 Japan Compliant Balloon Catheters Estimates and Projections (2015-2026)
2.4.5 Southeast Asia Compliant Balloon Catheters Estimates and Projections (2015-2026)
2.4.6 India Compliant Balloon Catheters Estimates and Projections (2015-2026)
3 Global Compliant Balloon Catheters Competition Landscape by Players
3.1 Global Top Compliant Balloon Catheters Players by Sales (2015-2020)
3.2 Global Top Compliant Balloon Catheters Players by Revenue (2015-2020)
3.3 Global Compliant Balloon Catheters Market Share by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Compliant Balloon Catheters as of 2019)
3.4 Global Compliant Balloon Catheters Average Price by Company (2015-2020)
3.5 Manufacturers Compliant Balloon Catheters Manufacturing Sites, Area Served, Product Type
3.6 Manufacturers Mergers & Acquisitions, Expansion Plans
3.7 Primary Interviews with Key Compliant Balloon Catheters Players (Opinion Leaders)
4 Global Compliant Balloon Catheters Market Size by Type
4.1 Global Compliant Balloon Catheters Historic Market Review by Type (2015-2020)
4.1.1 Global Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
4.1.2 Global Compliant Balloon Catheters Revenue Market Share by Type (2015-2020)
4.1.3 Global Compliant Balloon Catheters Price by Type (2015-2020)
4.2 Global Compliant Balloon Catheters Market Estimates and Forecasts by Type (2021-2026)
4.2.1 Global Compliant Balloon Catheters Sales Forecast by Type (2021-2026)
4.2.2 Global Compliant Balloon Catheters Revenue Forecast by Type (2021-2026)
4.2.3 Global Compliant Balloon Catheters Price Forecast by Type (2021-2026)
5 Global Compliant Balloon Catheters Market Size by Application
5.1 Global Compliant Balloon Catheters Historic Market Review by Application (2015-2020)
5.1.1 Global Compliant Balloon Catheters Sales Market Share by Application (2015-2020)
5.1.2 Global Compliant Balloon Catheters Revenue Market Share by Application (2015-2020)
5.1.3 Global Compliant Balloon Catheters Price by Application (2015-2020)
5.2 Global Compliant Balloon Catheters Market Estimates and Forecasts by Application (2021-2026)
5.2.1 Global Compliant Balloon Catheters Sales Forecast by Application (2021-2026)
5.2.2 Global Compliant Balloon Catheters Revenue Forecast by Application (2021-2026)
5.2.3 Global Compliant Balloon Catheters Price Forecast by Application (2021-2026)

6 United States Compliant Balloon Catheters Market Facts & Figures
6.1 United States Compliant Balloon Catheters Sales Market Share by Company (2015-2020)
6.2 United States Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
6.3 United States Compliant Balloon Catheters Sales Market Share by Application (2015-2020)

7 Europe Compliant Balloon Catheters Market Facts & Figures
7.1 Europe Compliant Balloon Catheters Sales Market Share by Company (2015-2020)
7.2 Europe Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
7.3 Europe Compliant Balloon Catheters Sales Market Share by Application (2015-2020)

8 China Compliant Balloon Catheters Market Facts & Figures
8.1 China Compliant Balloon Catheters Sales Market Share by Company (2015-2020)
8.2 China Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
8.3 China Compliant Balloon Catheters Sales Market Share by Application (2015-2020)

9 Japan Compliant Balloon Catheters Market Facts & Figures
9.1 Japan Compliant Balloon Catheters Sales Market Share by Company (3015-3030)
9.2 Japan Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
9.3 Japan Compliant Balloon Catheters Sales Market Share by Application (2015-2020)

10 Southeast Asia Compliant Balloon Catheters Market Facts & Figures
10.1 Southeast Asia Compliant Balloon Catheters Sales Market Share by Company (2015-2020)
10.2 Southeast Asia Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
10.3 Southeast Asia Compliant Balloon Catheters Sales Market Share by Application (2015-2020)

11 India Compliant Balloon Catheters Market Facts & Figures
11.1 India Compliant Balloon Catheters Sales Market Share by Company (2015-2020)
11.2 India Compliant Balloon Catheters Sales Market Share by Type (2015-2020)
11.3 India Compliant Balloon Catheters Sales Market Share by Application (2015-2020)

12 Company Profiles and Key Figures in Compliant Balloon Catheters Business
12.1 Boston Scientific
12.1.1 Boston Scientific Corporation Information
12.1.2 Boston Scientific Business Overview
12.1.3 Boston Scientific Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.1.4 Boston Scientific Compliant Balloon Catheters Products Offered
12.1.5 Boston Scientific Recent Development
12.2 Cardiovascular Systems
12.2.1 Cardiovascular Systems Corporation Information
12.2.2 Cardiovascular Systems Business Overview
12.2.3 Cardiovascular Systems Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.2.4 Cardiovascular Systems Compliant Balloon Catheters Products Offered
12.2.5 Cardiovascular Systems Recent Development
12.3 Bard Peripheral Vascular (C.R. Bard)
12.3.1 Bard Peripheral Vascular (C.R. Bard) Corporation Information
12.3.2 Bard Peripheral Vascular (C.R. Bard) Business Overview
12.3.3 Bard Peripheral Vascular (C.R. Bard) Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.3.4 Bard Peripheral Vascular (C.R. Bard) Compliant Balloon Catheters Products Offered
12.3.5 Bard Peripheral Vascular (C.R. Bard) Recent Development
12.4 Cook Medical (Cook Group)
12.4.1 Cook Medical (Cook Group) Corporation Information
12.4.2 Cook Medical (Cook Group) Business Overview
12.4.3 Cook Medical (Cook Group) Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.4.4 Cook Medical (Cook Group) Compliant Balloon Catheters Products Offered
12.4.5 Cook Medical (Cook Group) Recent Development
12.5 Abbott Laboratories
12.5.1 Abbott Laboratories Corporation Information
12.5.2 Abbott Laboratories Business Overview
12.5.3 Abbott Laboratories Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.5.4 Abbott Laboratories Compliant Balloon Catheters Products Offered
12.5.5 Abbott Laboratories Recent Development
12.6 B. Braun Melsungen AG
12.6.1 B. Braun Melsungen AG Corporation Information
12.6.2 B. Braun Melsungen AG Business Overview
12.6.3 B. Braun Melsungen AG Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.6.4 B. Braun Melsungen AG Compliant Balloon Catheters Products Offered
12.6.5 B. Braun Melsungen AG Recent Development
12.7 Johnson & Johnson
12.7.1 Johnson & Johnson Corporation Information
12.7.2 Johnson & Johnson Business Overview
12.7.3 Johnson & Johnson Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.7.4 Johnson & Johnson Compliant Balloon Catheters Products Offered
12.7.5 Johnson & Johnson Recent Development
12.8 Abbott
12.8.1 Abbott Corporation Information
12.8.2 Abbott Business Overview
12.8.3 Abbott Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.8.4 Abbott Compliant Balloon Catheters Products Offered
12.8.5 Abbott Recent Development
12.9 Medtronic
12.9.1 Medtronic Corporation Information
12.9.2 Medtronic Business Overview
12.9.3 Medtronic Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.9.4 Medtronic Compliant Balloon Catheters Products Offered
12.9.5 Medtronic Recent Development
12.10 Spectranetics International BV
12.10.1 Spectranetics International BV Corporation Information
12.10.2 Spectranetics International BV Business Overview
12.10.3 Spectranetics International BV Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.10.4 Spectranetics International BV Compliant Balloon Catheters Products Offered
12.10.5 Spectranetics International BV Recent Development
12.11 Terumo Corporation
12.11.1 Terumo Corporation Corporation Information
12.11.2 Terumo Corporation Business Overview
12.11.3 Terumo Corporation Compliant Balloon Catheters Sales, Revenue and Gross Margin (2015-2020)
12.11.4 Terumo Corporation Compliant Balloon Catheters Products Offered
12.11.5 Terumo Corporation Recent Development

13 Compliant Balloon Catheters Manufacturing Cost Analysis
13.1 Compliant Balloon Catheters Key Raw Materials Analysis
13.1.1 Key Raw Materials
13.1.2 Key Raw Materials Price Trend
13.1.3 Key Suppliers of Raw Materials
13.2 Proportion of Manufacturing Cost Structure
13.3 Manufacturing Process Analysis of Compliant Balloon Catheters
13.4 Compliant Balloon Catheters Industrial Chain Analysis

14 Marketing Channel, Distributors and Customers
14.1 Marketing Channel
14.2 Compliant Balloon Catheters Distributors List
14.3 Compliant Balloon Catheters Customers

15 Market Dynamics
15.1 Compliant Balloon Catheters Market Trends
15.2 Compliant Balloon Catheters Opportunities and Drivers
15.3 Compliant Balloon Catheters Market Challenges
15.4 Compliant Balloon Catheters Market Restraints
15.5 Porter’s Five Forces Analysis

16 Research Findings and Conclusion

17 Appendix
17.1 Research Methodology
17.1.1 Methodology/Research Approach
17.1.2 Data Source
17.2 Author List
17.3 Disclaimer

Download This Exclusive Research Report, Click [email protected] https://www.qyresearchmedical.com/report/checkout/97599/3500

COMTEX_380261640/2599/2021-02-05T08:22:34

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Global Gas Purifier Market 2020 Business Growth Rate, Manufacturing Analysis, Size, Share, Cost Structure and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Jan 29, 2021 (CDN Newswire via Comtex) —
Global Gas Purifier Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 introduced by MarketsandResearch.biz offers exclusive research & analysis on the market that gives analysis on market conditions, trends, inclinations, key players, opportunities, and geographical analysis. The report entails key developments in the global Gas Purifier market that demonstrates extensive information pertaining to detailed coverage, with appropriate references of definition, application, and regional scope. The report attempts to track the evolution of the growth path of the market from 2015 to 2020. It also provides long-term market growth projections for a predefined period of assessment, 2020 to 2025. The market is evaluated mainly on segments namely types and applications which cover all the analytical data for current and future markets.

The Report Provides The Following Information:

Based on a comprehensive analysis of the industry’s key dynamics and segmental performance, the report offers a broad assessment of demand, supply, and manufacturing scenarios. The report delivers well reliable information about every segment of global Gas Purifier market growth, development, production, demand, types, and application of the specific product. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis. This market report offers some presentations and illustrations about the market that comprises pie charts, graphs, and charts.

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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The report also tracks the latest market dynamics, such as driving factors, restraining factors, market size (value and volume), market share, growth rate by types, applications, as well as industry news like mergers, acquisitions, and investments. Analysts have studied the data of revenue, production, and manufacturers of each region. Moreover, aspects covered by the report include growth statistics, development history, industry share, market presence, consumption forecast, data sources, and beneficial conclusion. Next, it discusses production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Gas Purifier market.

Key manufacturers are included based on the company profile, sales data and product specifications, etc: Saes Group, Parker, Thermo Fisher, Agilent, Sigma-Aldrich, Air Liquide, JAPAN PIONICS, Matheson, Entegris, Praxair, MBRAUN, NuPure, Trajan, Pall

The market can be segmented into product types: Single Column Purifier, Double Column Purifier, Multi-Column Purifier

The market can be segmented into applications as: Research, Semiconductor, Other

The report offers an entire view of this global Gas Purifier market by substituting it when it comes to application as well as region. Trends examines regional segmentation integrates prospective and present requirement for them from the North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

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The document is served as a ready-to refer to guide to keen market participants aiming for a significant breakthrough in the global Gas Purifier market. The report follows the systematic segregation of the market for maximum reader comprehension. The last section of the report focuses on data sources, primary and secondary sources, market size estimation, research approach and methodology, and the publisher’s disclaimer.

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My Office Apps Talks SMB Manufacturing ERPs

While working from home has become a key driver of enterprise digitization amid the pandemic, it’s not the only coronavirus-related market impact forcing companies into the cloud.

The unfortunate wave of layoffs and furloughs has firms large and small exploring how to do more with less, and automated technologies are empowering business managers to promote operational continuity even when departments are short-staffed.

For small- to medium-sized business (SMB) manufacturers and distributors, limited staff levels are driving companies into the cloud, according to My Office Apps CEO Mariam Komeili. As a result, she told PYMNTS, there is growing demand for software solutions catered specifically to this market, with the enterprise resource planning (ERP) system particularly well-positioned to empower smaller operations with multitasking technology.

But in order to address the specific requirements of SMBs in the manufacturing and distribution sector, the ERP must take a more nuanced approach to adoption, she explained.

An Inventory-Led Approach

The ERP has historically been viewed as the cornerstone of operations, a consolidated portal in which to manage a variety of functions from sales to payments. Traditionally, financial workflows are at the heart of these systems, housing data that plays a key role in transacting, accounting and financial reporting.

Although they hold the same need for a streamlined, holistic approach to operations, small manufacturers and distributors may not necessarily need accounting at the heart of their ERPs, according to Komeili.

“Most ERPs are built around accounting systems that add in other features,” she said, noting that inventory management is a particularly important focus for this sector.

While ERP technologies can integrate inventory management functionality, SMBs in this space typically need more sophisticated features around their warehousing and procurement workflows, including lot number tracing, expiration date visibility and multi-warehouse management, noted Komeili.

For My Office Apps, this meant building out an ERP solution with inventory, not accounting, at the crux of the solution. The technology, dubbed Kechie, builds its functionality around those complex inventory management needs, with material requirements planning (MRP) tools that integrate into procurement and supply-and-demand forecasting.

“This functionality isn’t available in simple software solutions,” Komeili said, pointing to the MRP calculator offering as having the capability of offering a 53-week view of operations that can provide insights around whether purchase orders should be canceled, which items need to be restocked, and other factors based on supply and demand. “It’s not something simple inventory management tools handle.”

Scalable Technology

Despite the need for more complex inventory management capabilities than SMBs in other markets, SMBs in the manufacturing and distribution space face the challenge of navigating an ERP market that often shuts them out.

Leading ERP systems are often designed for large-scale, multinational organizations. Not only are these tools usually beyond an SMBs’ price-point, said Komeili, they also often come with functionality that is so sophisticated, it becomes an insurmountable hurdle to implement and integrate such a tool within the back office.

The alternative is for these SMBs to adopt a range of individual FinTech platforms that suit their unique operational requirements, but this, too, creates a data connectivity headache.

In addition to meeting the inventory management needs of manufacturing and distribution SMBs, Komeili said these firms also need scalable technologies that can be more flexible in the add-on features they offer. Companies should be able to choose which modules and feature sets they can add or take away to a centralized ERP system, while also ensuring that those additions will be automatically streamlined within each other.

At a time when resources and human talent are tight, SMBs need technologies that can address their biggest pain points, scale as they grow, and promote business continuity. As Komeili noted, in the manufacturing and distribution arena, the cloud is becoming increasingly important for SMBs, so long as software solutions can fit the criteria.

“Cloud solutions are needed now more than ever before,” she said. “Things have changed with this pandemic. People are realizing that having a cloud solution, and access to your business from anywhere, really has helped them. They don’t have to necessarily be in the warehouse to see what’s going on.”

——————————

NEW PYMNTS DATA: HEALTHCARE PAYMENT EXPERIENCE REPORT – JANUARY 2021 

About: The Healthcare Payment Experience Report, a PYMNTS and Rectangle Health collaboration, is based on a census-balanced survey of more than 2,000 consumers’ healthcare payments experiences and the challenges they face. The report reveals key insights into how offering flexible payment options and digital-first experiences can help medical providers keep their patients from seeking healthcare services elsewhere.