First Half – 2010
5 July 2010
The first half year of 2010 has been an exciting and positive period for Armstrong Newman. The global economy has started to slowly turn again and we have been encouraged by many old clients coming out of hiring freezes or starting to plan for future talent acquisition.
The first six months of trading for us have been good. Whilst waiting for restrictive covenants to lapse we have had the opportunity to build new client and candidate relationships. After two frantic months at the beginning of the year, establishing our infrastructure, agreeing business plans and engaging the market, these new relationships bore fruit with two successful client appointments. The second quarter was very productive and yielded further success.
Six months in and we now have several formalised client relationships in place with old client relationships now coming back into scope. We are confident these relationships will go from strength to strength over the coming months and years and we are strongly encouraged by new clients now approaching us through recommendation from the good work we have done so far this year as Armstrong Newman International.
As an international procurement, supply chain and logistics specialist we have been working hard to continue to develop our global client and candidate base. So far this year we have been actively recruiting in South America, Africa, Asia and Europe. In particular, the emerging markets have been particularly active for us. The demand for high calibre, globally mobile talent has been high with many organisations looking to appoint experienced procurement and supply chain professionals to bring valuable intellectual property into developing countries whose supply chains are less developed.
Most recently, the professional Interim Management market place has been slowly improving with day rate levels beginning to rally as the influx of permanent executives working in the interim space reduced with improvements in the volume of senior permanent executive requirements.
The second half of the year looks promising when looking at the bigger global economic landscape and we are optimistic and looking forward to continuing to grow and thrive in a competitive market where our specialisation, network and passion to deliver continue to differentiate us from our competitors.