Going vocal for local can help EPC organizations maintain business continuity
Businesses today are faced with overwhelming challenges as they continue to navigate the impacts of the COVID-19 pandemic.
- The engineering procurement construction industry, in particular, is facing numerous setbacks, such as disruptions in business continuity and workforce employment due to a limited supply of raw materials, labor migration, etc.
- According to an analysis by SpendEdge, the EPC and EPCM services market will register an incremental spend of about $364 billion, growing at a CAGR of 4.19% during the forecast period (2020-2024).
- Even before the COVID-19 pandemic, the engineering procurement construction industry was already reeling with issues related to regulation and policy changes (RERA), cost pressures, labor shortages, shrinking profit margins, etc.
- An end-to-end digital transformation is a topmost agenda item for many EPC organizations.
With Vocal for Local, EPC organizations can increase productivity by 30%-35% and enhance employee output.