The report below gives a good overview of the Spring 2022 M&A activity in the Business Services Industry Sector. The global business services industry is being impacted by continuous uncertainty, new risks, and digital disruptions. Cyber security is still a major concern for the business services industry. In addition to that, the risks faced by the business services industry has increased significantly because of supply chain disruption, commodity price volatility, and a shortage of skilled labor. The Great Resignation, which began in 2021, is expected to increase the hiring challenges in 2022. The professional and business services industry had the highest turnover rate among office-centric industries throughout 2021, as per a report published by mentorCliq. The turnover rate of this industry is expected to increase in 2022, as per the same research. Despite these challenges, the business services industry grew at a faster pace in 2021, as per research published by Information Services Group. The companies with long-term growth prospects and pricing power are forecasted to prosper, counteracting the effects of macroeconomic forces such as inflation, supply chain disruptions, and the Great Resignation. The labor shortages in this industry are driving companies to invest in technology. Digital technologies are projected to help businesses increase both productivity and income. Several multinational companies in the business services industry are still in the early phases of digital and cloud transformations. These companies are expected to increase the technological investments in the future.
Posted by Brad Purifoy.