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Transforming the Industry PDF Print E-mail
Wednesday, 07 July 2004 09:54
In the United Kingdom the Private Security Act 2001 calls for a range of measures to achieve its overall aims. But, perhaps, its most important contribution is that it provides sound foundations for introducing fundamental change. There is a unique opportunity to create an industry that is healthier, more successful and one that is respected.
Introducing regulation on an unhealthy industry, without addressing the commercial and economic issues, would not achieve the aims of the Private Security Act. Protech Industries are committed to industry transformation for both buyers and purchasers, and to spread best practice right across the industry.
Various predictions are being made about industry transformation. Net margins average 2% - 4%. The investment in raising standards, licensing and training cannot be absorbed by providers and market prices must increase. Interest in slim margins will wane, with suppliers focusing on their most profitable customers.
The market for services will continue to grow, but there will be some significant changes. Industry transformation is not an overnight fix, but it will bring the following:
  • Business performance overhauled with new markets, growth and enhanced margins
  • Innovative and dynamic industry with best practice in abundance
  • Modernised industry where technology and knowledge are exploited optimise competitiveness and effectiveness.
  • Stable and well trained workforce with secure futures and career prospects
  • Trusted and respected industry with positive public and stakeholder perceptions
Last Updated on Monday, 08 September 2008 01:13
 

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