Proudfoot Consulting, a global operational management consulting firm, has released the results of its 2008 Global Productivity Report. The annual report measures productivity by geographical region and by industry vertical, providing insight and analysis into how these regions and industries compare and where opportunities for productivity increases exist.
Proudfoot is a world leader in operational management consulting and focuses on identifying and implementing sustainable operational improvements for its clients. Headquartered in Atlanta and founded more than 60 years ago, Proudfoot is a unit of Management Consulting Group PLC, one of the largest consulting companies in the world.
The 2008 Global Productivity Report compares productivity in Australia, Brazil, Canada, China, France, Germany, India, Russia, South Africa, Spain, the United Kingdom and the United States. The report also compares the Automotive, Communications, Energy, Financial Services, Food & Beverage, Manufacturing & Engineering, Mining and Retail industries.
Among the most interesting information revealed in the report are the following:
-- North American executives are the least optimistic about their chances of increasing efficiency, stating they will leave 43% of potential improvements untapped.
-- Staff shortages and internal communications problems are the main barriers to productivity around the globe, with staff shortages being cited as the main barrier in the United States.
-- Companies in emerging markets (Brazil, Russia, India and China) are most likely to have seen recent gains in productivity.
“At Proudfoot, our focus is on delivering measurable and sustainable benefits to clients by developing and installing processes and programs to rapidly improve our clients’ operations,” said Hugo Melgarejo, Proudfoot’s North American President.
“Our global client-base and our wide-ranging vertical market experience allow us a unique perspective on global productivity. This report shows that, regardless of location or of industry, most companies are not as productive as they could be. Our hope is that the results will inform and inspire companies around the world to go after that untapped potential.”
The report is based on 1,272 computer-assisted interviews conducted between May 20 and June 30, 2008. The subjects interviewed all had first-hand day-to-day knowledge of productivity issues and performance in companies with $100 million or more in revenue.
The 2008 Global Productivity Report from Proudfoot comprises 88 pages of new data, analysis and trends, including:
Causes of Inefficiency/Barriers to Efficiency
Increases in Efficiency/Decreases in Efficiency
Development & Training
Outsourcing & Insourcing
Potential vs. Realistic Efficiency Gains
Amount of Training for Workers vs. Managers
Productivity in Emerging Markets
Quantity of Management Reports
Time Spent on Administrative Tasks
The 2008 Global Productivity Report can be downloaded for free at www.ProudfootConsulting.com/productivity.