Staffing 360 Solutions releases whitepaper on consolidation opportunities
Staffing 360 Solutions, a public company executing a global consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announces the release of a white paper on the global staffing industry, by market analyst Arthur Goldgaber of Goldgaber Research Group.
Titled “Staffing Industry Report: Consolidation Opportunity,” the white paper describes the worldwide staffing industry, which generates an estimated $416 billion in annual revenues, as well as the many opportunities for consolidation within this high-growth sector of our economy. According to the white paper, outside of the top 10 staffing firms in the world, no other company has greater than 1% market share.
The white paper states, “The staffing industry is highly fragmented, with an estimated 15,000 staffing companies generating less than $20 million in annual sales in the United States alone.”
The paper goes on to say, “There are approximately 70,000 private employment services agencies around the world. Overall, the U.S. is the world’s largest staffing market, with $124 billion of annual sales and more than double the size of the next largest country. Meanwhile, Europe remains the largest region, representing approximately 40% of global staffing revenues.”
Staffing 360 Solutions aims to capitalize on these dynamics through its consolidation strategy that has already driven revenue past $100M / year on an annualized basis.
The publication of the white paper is a part of Staffing 360&primes investor outreach and education program. To view the full white paper (free of charge, in PDF format), please visit:www.staffing360solutions.com/content/stafwpindustry.pdf