Grant Thornton Australia was interested to better understand the industry’s challenges and opportunities in more detail.
From May to July 2015 we met with key METS CEOs and directors, also large corporate bankers to the sector, to gain further insight into current trading conditions, challenges and opportunities.
Using qualitative research, we examined the competitive landscape and assessed the impact of the downturn, the pressures being experienced by customers and suppliers, the dynamically changing market conditions, the importance of innovation and growth opportunities.
In numerous interviews with METS businesses across the country we found that many have responded well to changing market conditions, with robust strategies in place for the future; however, others remain in a relatively fragile state. Our key findings are discussed in this paper.