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A Green Light for the Environmental Consulting Industry

Shifts in consumer sentiment favoring the environment are driving growth for this industryIBISWorld industry analyst Andrew Krabeepetcharat As Seen in the ABA Journal The Environmental Consulting industry  has been growing quickly as companies go green. The introduction of new legislation to curb emissions has boosted revenue over the past five years, as companies hired consultants to help them comply with new regulations. IBISWorld estimates revenue will grow at an average annual rate of 6.8% over the five years to 2012 to

Danger Ahead: 3 Sectors that Should Brace for the Fiscal Cliff

If Americans are faced with the impending tax-cut expirations, industries that rely on discretionary spending will be headed for disasterBy IBISWorld Senior Industry Analyst Nikoleta Panteva Not without good reason has the term “fiscal cliff” been the buzzword of post-election 2012. After experiencing tax cuts in 2001, 2003 and 2009, Americans are now faced with the impending expiration of more than 80 payroll and income tax breaks if Congress fails to reach a budget deal by the end of 2012. The measures would be aimed at lowering the federal government’s deficit, which has exceeded $1

Toy and Hobby Stores Consolidate to Compete

As companies fight for business and to hold onto market share, industry concentration has been on the rise.By IBISWorld Industry Analyst Justin Waterman The increasingly saturated Hobby and Toy Stores industry  (IBISWorld report 45112) has been a game changer for many industry operators. In this highly competitive environment, companies have scrambled to gain market share and diversify their product selections. Companies that have been unable to cope with heightened competition, volatile plastic prices and rising purchase costs,

New York Industries Endure Sandy’s Wrath

As Superstorm Sandy swept through the East Coast, business across most industries came to a halt, with New York transportation and financial markets taking substantial hits.By IBISWorld Analyst Antonio Danova  In the final week of October, Superstorm Sandy charged through the entire Mid- Atlantic region, ravishing the area and leaving major US cities devastated. According to the New York Times, the total cost of destruction caused by the storm is estimated to eclipse $50.0 billion in economic losses, accounting for physical damage and lost business activity. A majority of these losses

Insider’s Corner Q&A: Douglas Gordon, Co-Founder & Executive Vice-President of Fundation

IBISWorld catches up with Douglas Gordon of Fundation to find out firsthand what's going on within his industry.IW:  What challenge do you and Fundation  face right now? DG: Serving the financing needs of such a heterogeneous market with a diverse set of borrowing needs and economic pressure points requires a significant amount of time and energy devoted to understanding such intricacies. Properly monitoring and preparing for industry specific trends related to borrowing demand and likelihood of default is a challenging task that necessitates an organized,

Newspapers’ Obituary?

As publishers continue to lose readers and advertisers to other media, revenue is expected to decline, making the newspaper publishing industry risky business.By IBISWorld Lead Industry Analyst Agata Kaczanowska As Seen in American Banker Newspaper publishers’ traditional papers are biting the dust because consumers favor the real-time reporting capabilities of online news outlets, including social networking platforms like Twitter. The most direct competition for the industry is from internet-only periodicals, which have lower production and distribution costs. Other competition

High Rises for the Apartment and Condominium Construction Industry

The high number of home foreclosures over the past five years has increased competition for rental housing.By IBISWorld Analyst Deonta Smith As Seen In The ABA Journal The Apartment and Condominium Construction industry  is rapidly gaining steam, which can be attributed to Americans increasingly moving to metropolitan areas. Young adults typically want to live closer to the center of metropolitan areas, and senior citizens are relocating to areas with more amenities. These factors are the main determinants for industry growth.

Election Spotlight: Healthcare Reform

Although the 2012 elections will play a big role in Americans’ healthcare future, uncertainty may be more detrimental to US industries than changing regulation.By IBISWorld Analysts Radia Amari and Anna Son “I want America to have the finest healthcare in the world. And I want every American to have that care when he [sic] needs it.” President Richard Nixon made that proclamation in 1971, 41 years before President Barack Obama and president-hopeful Mitt Romney officially begin debating the perennially divisive issue of healthcare reform in the run-up to the November elections. In 2010,

Insider’s Corner Q&A: Dan Wallach, Procurement Manager

IBISWorld catches up with Dan Wallach of IDEXX Laboratories to find out firsthand what's going on within his industryIW:  What challenge do you and IDEXX Laboratories  face right now? DW: We are focused on improving our cost structure in an environment of increasing commodity/transportation prices as well as comprehensive risk management to ensure continuity of supply.     IW:  How does IBISWorld help you overcome this challenge? DW:  IBISWorld’s Industry and Risk reports provide timely and applicable information for the development of cost and risk management

Insider’s Corner Q&A: Chris Mitchell

IBISWorld catches up with Chris Mitchell of Dixon Hughes Goodman LLP to find out firsthand what's going on within his industryIW:  What challenge do you and Dixon Hughes Goodman LLP  face right now? CM: Many of our clients expect us to be fortune-tellers.  They may want to know the outlook for their business or they may want to know how a particular event impacted the future of their business.  With business valuation being a “forward looking” process, our challenge is to blend the historical results with the future outlook.  This can be particularly challenging

Three Cheers For Millennials!

Wine producers look to this demographic for upcoming trends in the alcoholic beverage sector.By IBISWorld Lead Industry Analyst Agata Kaczanowska As the youngest members of the Millennial cohort (also known as Generation Y) celebrate their twenty-first birthdays over the next five years, savvy wineries  and vintners will look to this demographic for upcoming trends across the entire alcoholic beverage sector .  The sheer size of Gen Y gives its members immense purchasing

Top 10 Fastest- Growing Industries

With environmentally friendly practices or technological advances, these industries are outpacing the economic recovery.By IBISWorld Analyst Lauren Setar & Research Editor Matthew MacFarland Across the United States, industries, businesses and consumers are climbing out of the Great Recession’s lows. US gross domestic product is forecast to grow 3.3% per year over the next five years, a welcome change from the meager growth of 0.6% per year between 2007 and 2012. Some industries, however, aren’t just recovering – they’re flourishing. IBISWorld has compiled a list of these standout

Security Needs of Web-Centric Firms Benefit Some Industries

Cyber-attacks in 2011 and 2012 have led companies to allocate more spending on digital and Internet security services.By IBISWorld Analyst Josh McBee As every aspect of American life becomes increasingly digitized, consumers and businesses have become more concerned over the security of their private information online. For example, social networking giant Facebook already integrates its users’ information with its partner modules, including Spotify, BuzzFeed and countless news websites. In online shopping, one of the Internet’s oldest venues for sensitive data exchange, quick action on

Gen Y’s Fear of Commitment is Forcing Companies to Reevaluate their Strategies

From living at home longer to postponing marriage, this generation’s commitment phobia is hampering growth of several industries.By IBISWorld Analyst Mary Nanfelt Hipster, idealistic, tech-savvy – sound familiar? For many, these words probably conjure up an image of an iPhone-clad, twentysomething Echo Boomer. You might also envision young, fit adults toting yoga mats and reusable water bottles around urban city centers or individuals sitting in Starbucks watching Netflix or Hulu on their laptops or tablets. With common traits, such as returning home after college, changing jobs more

A Little Extra Spending Goes a Long Way

IBISWorld identifies the top four sectors that have increased lobbying spending in line with expanding revenueBy IBISWorld Analyst Andrea Alegria IBISWorld has identified the top four sectors that have significantly increased their lobbying spending from 2006 to 2011: healthcare, insurance, energy utilities and computers and the internet. Companies in these sectors all faced significant regulation changes that could directly impact their business operations. According to the Center for Responsive Politics and data from the Senate Office of Public Records, these four sectors accounted for

Insider’s Corner Q&A: Arjan Vilkhu

IBISWorld catches up with Arjan Vilkhu of SentrySafe to find out firsthand what's going on within his industryIW:  What challenge do you and SentrySafe  face right now? AV:  In the recent economic environment it is never been more important to offer consumers the products and services that bring them the increased value while maintaining company growth IW:  How does IBISWorld help you overcome this challenge? AV:  IBISWorld provides us with the industry, channel, and manufacturing data and trends that help understand the current and future market. IW:

Pet Parents Power Related Industries Through the Recession

Rising pet ownership sustained the pet sector through a harried economy and groomed industries for continued growth.By IBISWorld Analyst Josh McBee In a word, stability has defined the pet sector since 2007. Of the four pet-related industries currently in the IBISWorld collection, all are expected to post significant annualized gains during the five years to 2012. Collectively, revenue from pet stores, groomers and boarders, veterinarians  and sales from online suppliers is expected to total $51.6 billion in 2012. For comparison,

Top 11 Start-up Industries

With a recovering economy and changing consumer needs, there is an expected steady increase in new businessesBy IBISWorld Industry Analyst Brian Bueno As seen in the ABA Journal  The US unemployment rate remains stubbornly high at 8.5%, and policymakers have sought to expand access to capital in efforts to encourage business investment and job creation. In September 2010, the Obama administration passed the Small Business Jobs Act, which aims to provide lending support and other resources to entrepreneurs and small business owners to drive economic

The Seven Deadly Sins

Although Cardinal sins like gluttony and lust have a fiery fate for offenders, they’re quite the industry moneymakersBy IBISWorld Industry Analysts Josh McBee and Agata Kaczanowska Whether through personal religious studies, music, artwork or film, most people are familiar with the vices that make up the “seven deadly sins,” or Cardinal Sins. While the origination and descriptions vary from source to source, there is truly no other depiction of the sins as viewed through an IBISWorld lens. This special report details the seven human vices in relation to industry performance. So, forecast

Insider's Corner Q&A

IBISWorld catches up with Barry S. Sziklay of Friedman LLP to find out firsthand what's going on within his industryIW:  What challenge do you and Friedman LLP  face right now?  BSS:  The area of the practice for which I am responsible is extremely broad and encompasses fraud and other forensic accounting engagements, litigation-support (litigation spans matrimonial, shareholder/partner disputes, contractual disputes of all sorts, securities and fiduciary litigation, tax litigation, etc.) and private-company valuation engagements of all sorts, ranging from

Insider’s Corner Q&A

IBISWorld catches up with Hamilton Galloway at Economic Modeling Specialists Inc. to find out firsthand what's going on within his industry.IW: What challenge do you and Economic Modeling Specialists Inc.  (EMSI) face right now?  HG:  As the discipline of regional planning and strategy development is changing to be centered on sector strategies—i.e., alignment of economic development, workforce development, education and private sector resources—the need for both micro-level data and macro-level data is imperative to provide leadership and decision-makers

Top 10 Biggest Spenders on Innovation

To keep at the forefront of innovation, science, health and tech industries lead the pack in R&D spendingBy IBISWorld Industry Analyst Agata Kaczanowska  Though new technologies are used throughout the economy, they are first and foremost adapted in science-, health- and technology-related industries. These industries are generally highly competitive in terms of productquality and price and, therefore, depend on innovation. Most of these industries also have high market share concentration, merger and acquisition activity and employee wages. Driven by new and quickly changing product

5 Chinese Industries Welcome Foreign Investment

From software development to water pollution control, IBISWorld identifies industries where the Chinese government is encouraging foreign investorsBy IBISWorld China Development Manager Jordan Ho The Chinese government recently issued an amendment that openly encourages foreign investment in several key industries of strategic importance for the Chinese economy over the short term. As a result, large, well-capitalized foreign companies can more easily gain entry into the Chinese market.  IBISWorld  profiles five of these industries and their

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