The report below gives a good overview of the Fall 2021 M&A activity in the Business Services Industry Sector. The global business services industry faced uncertain outlook in 2020. The COVID-19 pandemic emphasized on the need to digitize business models. Organizations in the business services industry should focus on improving the agility along with cost-efficiency. Better performance measurement capabilities would aid in achieving these objectives. In July, services industry activity in the United States reached a record high, boosted by a shift in spending from goods to services, although businesses continued to face higher pricing due to supply chain limitations. As nearly half of the population in the United States has been completely vaccinated against COVID-19, demand is shifting back to services, allowing individuals to travel, visit restaurants, attend casinos, and sporting events, among other activities that were curtailed early in the pandemic. Enterprises are intensifying their digitalization initiatives and focusing on hybrid work.
Posted by Brad Purifoy.
Read the Entire Fall 2021 Business Services Report Here