Market Procurement Intelligence Analysis Report

Procurement Outlook A payroll service provider is a company that specializes in payroll operations for their customers to ensure that the client’s employees are paid on time without any discrepancy and the client’s legal obligations related to payroll are met. The matrices that a payroll service provider operates with a monitoring employee work time and attendance, setting up or maintaining the direct deposits to a salary account, calculation of payroll taxes, calculation of incentives, bonuses, or other similar variables included in the payroll of their client’s company, integrating third party 401(K) and employee benefit plans, ensuring, storing and sharing payment records, and ensuring compliances related to payroll as mandated by the state or nation. However, in the age of bundled services, a service provider often provides an assortment of functions like deposits and withdrawals, withholding and payment garnishment, and new-hiring reporting to name a few. Therefore, prices tha

  Procurement Outlook Businesses need payment processing service providers to provide payment options through credit or debit cards to their customers. These payment processing service providers help them in crediting the money into their bank accounts. Payment processing solutions then collaborate between all parties involved to make the payment process efficient and seamless for the merchants and customers. The service providers do the entire process from authentication to transaction. Following are the three major types of payment processes used globally: ·         Debit/credit cards ·         E-wallets ·         Bank transfers Demand Outlook The global payment processing solutions market was valued at ~USD 50 billion in 2020 and it is expected to grow at a CAGR of ~8% from 2020 to 2027 due to increasing eCommerce sales along with growing internet penetration, embracing  contactless payments  globally.   Read report summary :  Payment Processing Solutions Industry

Procurement Outlook Order fulfillment is the process of receiving, processing, and delivering orders to end customers. A third-party company provides these order fulfillment services on behalf of its customers, such as an online seller. Key order fulfillment services can be categorized into the following broad categories: ·         Order receiving ·         Inventory storage ·         Order processing ·         Shipping ·         Return processing   Demand Outlook The global order fulfillment services market was valued at USD 78 billion in 2020 and it is expected to grow at a CAGR of 10% from 2020 to 2027 due to the rise in the number of online buyers, especially in emerging economies. By service type, shipping is the largest segment in the global order fulfillment industry with more than 40% revenue share followed by warehousing and inbound-outbound services. APAC is leading the global order fulfillment industry with the largest revenue share of over 25% in 2020.

Procurement Outlook Oleochemicals are chemical compounds derived from natural fats and oils that can be used as raw materials or as supplemental materials across multiple industries. It can also be used as a substitute for  petrochemicals . The oleochemicals industry is nowadays focusing on inexpensive and renewable feedstocks to produce oleochemicals with high biodegradability, low toxicity, and low environmental impact.   Oleochemicals are produced using chemical processes such as water-based hydrolysis, alcohol-based alcoholysis, hydrogenation, etc. It contains few carcinogens, making them a safer option than their synthetic chemical alternatives. Some oleochemicals that are commonly used in today’s industry include  palm oil , coconut oil, and soy.   Read report summary :  Oleochemicals Industry Procurement Intelligence Demand Outlook The global oleochemicals market is valued at USD 19.4 billion in 2020 and it is expected to grow at a CAGR of 7.5% from 2020 to 2027 d

  Procurement Outlook Molded pulp packaging is made by a variety of materials like recycled paper, cardboard, or other  natural fibers  (sugarcane, bamboo, wheat straw). The raw materials used in pulp packaging determine the color, surface texture, and strength of the packaging.   The molded packaging can be segmented into four major categories based on the manufacturing process. ·         Thick walled: Made with a single mold. The wall thickness ranges from 3/16 - 3/8 inches. ·         Transfer molded: Manufactured with one forming and one transfer mold. The wall thickness ranges from 1/8 to 3/16 inches. ·         Thermoformed: It is also known as thin-walled and manufactured using multiple heated molds. The wall thickness ranges from 3/32 to 5/32 inches. ·         Processed: It is made by a secondary treatment process. Read report summary :  MoldedPulp Packaging Industry Procurement Intelligence Following is the most common industrial manufacturing process of pulp