Maine Pointe in Europe
Softening global demand and uncertainty about the outlook dampen the outlook
As the combined impact of the trade war between the US and China, tensions in the Persian Gulf and Brexit uncertainties begins to bite, the European Commission’s summer economic forecast lowered its growth predictions for 2020.
Preliminary Eurostat data revealed that Eurozone GDP grew by 0.2% quarter-on-quarter between April and June 2019, down from 0.4% in the previous three months. In the EU27, the situation is 0.2% vs 0.5%. Amid Brexit uncertainties, The Bank of England also cut its outlook for growth in 2020 to 1.3%, from a previous projection of 1.6%. Many analysts now believe we are on the brink of a global recession.
These fears have been intensified by the news that Germany, the EU’s economic growth engine, has suffered its biggest annual decline in industrial production in nine years. The German economy is heavily reliant on the export of manufactured goods and global trade tensions have understandably had a negative impacted on demand for these goods, leaving Germany particularly exposed. As a result, industrial output fell by 1.5% in June 2019 against a forecast of 0.5%. The question is: How well prepared is your supply chain and operations to respond to uncertainty and adapt to a potential downturn ahead?
Having worked in fifteen countries across Europe, Maine Pointe’s industry and practice specialists have a wealth of experience helping clients in the region, and beyond achieve accelerated, sustainable improvements in EBITDA, cash and growth across their procurement, logistics and operations functions. We have local experts in countries across the region with the cultural knowledge and industry expertise to break through functional silos and optimise businesses through Total Value Optimization™.
What Maine Pointe achieves
Our engagement successes in Europe include:
- We helped a UK-based nanotechnology company, we helped our client enhance procurement competitiveness and drive double-digit savings in a high-tech, low-volume production environment, > Read more
Working across four global divisions of a multibillion-euro conglomerate (EU, UK, US and Asia), we helped rapidly improve supply chain and operations capabilities and delivered €107M in EBITDA improvements across the organisation. > Read more
Our operations, procurement and logistics experts helped a global high-tech manufacturer (headquartered in Germany) transform the performance of its business and return to profitable growth. As a result, our client improved EBITDA by 47% and increased throughput by 50% across three business units > Read more
We helped a major food processor based in the UK align procurement and stakeholders behind a common set of goals, improve communication and break through functional silos. This resulted in significant bottom-line cost reductions and created the conditions for growth > Read more
Our experience with Maine Pointe was a very positive one. Apart from the significant financial benefit accruing from our procurement and supply chain engagement, we will continue to benefit from the up-skilling of staff, process innovation and change mentality the engagement delivered. Maine Pointe are professional partners, focused on delivery and making the results stick. I have no hesitation in recommending Maine Pointe to others.” CEO Food Processing (UK)
Working with our leadership, middle-management and on-the-ground teams, Maine Pointe helped us deliver significant improvements in operational excellence and implement strategic procurement across our UK businesses. They brought the operating practices and experience we needed to achieve measurable results for our business and our people." CEO Nanotechnology (UK)
Maine Pointe's well-educated professionals with their significant, practical, hands-on experience brought a unique set of competencies to the partnership. Specifically, their capabilities and deep expertise in operations excellence and logistics provided us with significant ROI across several of our divisions. They met or exceeded our expectations." EVP, Global Operations, Global Conglomerate (UK, Europe, Asia, US)
Through our project with Maine Pointe, we connected decades of internal process knowledge with a contemporary 'tool kit' that delivered tremendous financial results. We took a very good business and made it a much better one. Our staff acquired new skills that have continued to guide our journey of improvement. The change process wasn't easy, but it was worth it, and we have regularly engaged Maine Pointe as trusted, knowledgeable advisors long after the project concluded." President, Specialty Chemicals (UK)