Tanners revise new technology investments

Worldwide
Published:  21 August, 2020

In mid-July 2020, ILM invited tanners from across the world to take part in its annual Tanner Business Confidence Survey to evaluate the current business climate and trading conditions, and to gain valuable insights into the key issues tanners are facing. The full results have now been published on the ILM website and they underline caution being taken by tanners to attend any live industry trade shows and events for the remainder of 2020. 

The 2020 survey carried out by ILM has revealed that future investment plans for tanneries worldwide seem to be concentrated on technology, machinery and automation, though overall figures are slightly down when compared with last year, which presumably is reflective of the ongoing impact of the pandemic and the difficult economic climate. In this year’s survey, 39% of respondents said they are planning to invest in new machinery and equipment, a significant drop from last year’s 62%, and an equal split of 24% respectively between investments in new chemical processing technology (38% in 2019) and major IT and business information systems (27% in 2019).

To see the full survey results and analysis click here. The full results are available to view online via an ILM subscription. To find out more about how to subscribe to ILM, click here or email Emma Bonell customerservices@edifydigitalmedia.com for more information about how to access the survey results. Advertisers of ILM also have complimentary access to the results. If you have a subscription and need a reminder of your login details, please contact us.