What concerns have Irish SMEs about Brexit, Trump, Blockchain etc ?
The 2017 Arvo Procurement research was developed to collate responses from Irish SMEs to clarify the impact from Trump policies, technological advances such as Blockchain, plus the true fallout from Brexit. Ratings agency Moody’s recently sounded a warning note about the threats to the Irish economy from Brexit and the Trump administration, particularly as Ireland was the “European country most exposed” to the two factors. The agency says the changing international environment are “key risks” for Ireland’s otherwise improving circumstances, while Brexit could be more disruptive to Ireland than initially thought (due to the hard exit outcome currently being negotiated).
With regards the survey findings;
The majority of Businesses surveyed during this research;
To review the complete report, please use this download link: http://bit.ly/2msMirM
As always please feel free to contact us if you have any queries about this survey and any procurement challenges or opportunities within your business.
Created on 13/03/2017
In the last year, more than a third of Irish drivers have seen their insurance rise by up to 50%. Unfortunately, insurance costs continue to increase this year and we are expected to see a further rise of 10 to 15 per cent before the middle of 2017.
Majority of people have a car or house insurance so you might be concerned about increasing insurance costs.
What is happening is that insurance companies are applying general rate increases in an attempt to offset overall underwriting losses caused mainly by:
The Liability situation is more complex and more volatile. Several factors have led to rate increases and a reduction in insurer capacity:
As always feel free to contact us if you have any queries regarding your insurance costs.
Created on 07/11/2016
As predicted hotel rates will be driven up 4-6% on average globally by growing demand and decreased new supply. Domestically, the prices are on a rise as well.
According to recent report by PwC the average daily rate for a room has risen to €120.9 in Dublin in 2016, and is forecast to hit €130.6 next year. That would mark a return to 2007 levels. What is more, Dublin has a third of Ireland’s hotel rooms and yet occupancy is running at 82%.
Increasing room rates can lead to higher travel expense if you take business trips on a regular basis.
Therefore, we believe this is a perfect time to remind you that we have partnered with Roomex to deliver a hotel booking engine with vast corporate discounts built in for business travellers. So next time you or a colleague are booking a hotel room, check out supply.roomex.com and compare the savings you will make.
Roomex have 10 years’ experience sourcing lower global hotel room rates for over 300 corporate clients such as Musgrave’s, Sisk, AIB, Topaz, CarTrawler, Dairygold, Kepak etc., so we are now delighted to jointly bring you a platform where you can leverage deep discounts on room rates also. Thankfully the room rates are ‘selling themselves’ with great testimonials and word-of-mouth e.g.
While as always, contact us if you wish to professionally reduce any non-wage related Overhead Cost
Created on 24/08/2016
With €1.2 million in cash banked through AIB, the bank charged him 0.45% or 45c/€100 to lodge manually (1.2m x 0.45% = €5,400 in bank fees).
However, considering the favorable location, the pub now has 2 weekly collections for an all-inclusive rate of 37c/€100 or €4440 per annum.
While the savings equate to almost €1,000, staff do not have to go outside the door or queue at the bank or even assume the risk of getting robbed by going to the bank – absolute no-brainer!
Created on 04/08/2016
As you have probably heard, global prices for Oil and Gas have fallen significantly in recent times which means it is a great time to review and reduce your Energy Costs. The ultra-low oil prices (as per Brent crude, the international energy benchmark), are still below the $50 mark since November 2015, even though prices have rallied to $49.01 in recent days.
So what does that mean for your business? Smart Procurement and Smart Technologies are providing a range of solutions to help businesses reduce their Energy Costs such as;
1: Smart Procurement: Correct your MICs/Tariffs, Avail of Time of Use Tariffs, Group Buy to leverage scale or hedge your energy demands with flexible energy contracting to ensure you effectively lower your energy unit rates in 2016. Smarter Energy Procurement leads to instant cost savings, while proactive businesses will then invest the savings in Energy Efficient Equipment (as follows).
2: Smart Lighting: Installing light-emitting diode (LED) fixtures is the first step but technology has advanced so choose LED’s with built-in intelligence – occupancy sensors, daylight harvesting and scheduling to achieve savings of up to 90% on lighting. These solutions can be funded from your future savings, ensuring minimal-to-no CAPEX requirement
3: Smart Boilers: Most Hot Water boilers are not smart i.e. they are inefficient, unmaintained and expensive. However, intelligent retrofit boiler controls exist that optimise the efficiency of each individual boiler with guaranteed 10% savings available.
4: Smart Legislation: From SEAI’s Energy Auditing Scheme to the Energy Efficiency Obligation Scheme (EEOS) to the Accelerated Capital Allowances scheme for Energy Efficient Equipment, many incentives exist to reduce your Energy Consumption. In addition to these incentives, opportunities exist to sell your reduced carbon credits to energy suppliers and obligated parties, which unearths additional funds for your Energy Conservation projects.
5: Smart Alternatives: With Bio, Solar, wind and water alternative Energy sources becoming readily available with appealing businesses models, there has never been a better time to start considering cost effective solutions such as Rented Energy, where savings in the region of 30-50% are the norm.
So what SMART Energy Solution interest you? We welcome any queries you may have with regards the above Energy efficient solutions and we look forward to reducing your Energy prices and usage in 2016.
Arvo is an award winning Procurement Consultancy, backed by Enterprise Ireland. Arvo supports and services in-house procurement capabilities to achieve procurement objectives, business efficiencies and commercial savings. Arvo provides a complete suite of procurement services, expertise and bespoke technology, plus end-to-end management to implement savings programs.
Created on 22/06/2016