Competitive Intelligence Solution Transforms Business Operations for a Global Steel Company | Read this Complete Success Story to Know How

Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on competitive intelligence engagement for a steel company. This success story highlights how our insights helped the client to understand competitors’ strategies and revamp their business models accordingly.

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Competitive Intelligence Solution Transforms Business Operations for a Global Steel Company (Graphic: Business Wire)

Engagement Overview:

To retain a competitive edge, a steel manufacturer, based out of Europe, wanted to thoroughly monitor the competitive landscape. They were looking for a partner to help them in identifying their market position, strengths, and financial capabilities in comparison to their key competitors. Other key objectives of the engagement were:

Objective 1: The client wanted to analyze competitors and their key suppliers to evaluate the quality of their raw materials

Objective 2: The steel manufacturer wanted to understand strategies undertaken by their competitors to manage solid waste and reduce environmental issues

Objective 3: They wanted to keep pace with the market trends and make smarter decisions through a systematic synthesis of market and competitive information

Through in-depth competitor research and analysis, we help companies in the steel industry to stay agile and create differential go-forward strategies. RFP for more insights.

Our Approach:

To help the client tackle the market challenges and achieve their strategic objectives, the experts at Infiniti Research used a combination of research solutions including market intelligence engagement, demand management study, risk assessment, and competitive intelligence engagement. The engagement also involved listing out key competitors and closely monitoring their business models. The experts at Infiniti Research also helped the client to identify the risk mitigation approaches undertaken by their competitors.

Business impact of the competitive intelligence solution for the steel market client:

• Analyzed market position in comparison to their competitors
• Identified areas where they performed well and lacked with respect to their competitors
• Identified competitors’ investment into R&D and new technologies
• Revamped business models to gain a competitive advantage
• Identified the right suppliers to provide them with quality raw materials
• Kept pace with market trends and regional developments before their competitors
• Increased market share by 21% within one year

You may also like to read some of our competitive intelligence solution success stories:

• Increasing Market Share by 27% for a Specialty Chemicals Company | Infiniti’s Latest Competitive Intelligence Engagement
• Competitive Intelligence Engagement to Reduce Operational Cost by 13% for a Solar Panel Supplier
• Competitive Intelligence Solution to Enhance Market Share by 23% for a Processed Food Company

Want to know how our services can help companies in the steel market to streamline their business functions? Request more info and our experts will get in touch with you with comprehensive insights.

About Infiniti Research

Established in 2003, Infiniti Research, is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us

View source version on businesswire.com: https://www.businesswire.com/news/home/20200320005426/en/