TICC sector perspectives to navigate a pandemic
Operational and financial solutions to emerge stronger from the crisisThursday, May 14, 2020
The Testing, Inspection, Certification, and Compliance (TICC) sector has demonstrated a unique relationship with the Covid-19 pandemic – simultaneously impacted by its effects and one of the key industries helping both the public and private sector to fight back.
We have collaborated with Houlihan Lokey to share strategic insights on the impacts and resulting opportunities created by this global market dislocation.
In this report we explore how different end markets and TICC propositions are being impacted in terms of both demand and their ability to deliver, how players today can navigate these impacts and support customers and governments to deal with the fightback, and what the opportunities will be in future to emerge stronger from the crisis and help create the new normal for TICC customers.
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Testing, Inspection and Certification (TIC) services has been a highly attractive market on the agenda of major investors across the globe. However, growth rates have declined significantly since 2012, with average growth of 11-16%pa dropping down to just 6% in 2014