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SPS

ALTIOS helps SPS expand their reach into the Asian market

When you’re alone and far away you really need local support and good advice, especially with contracting and navigating complex visa issues. I’m very glad to have the support of ALTIOS.

Stéphane Livet
VP Sales Asia, SPS IN Group
Challenge
  • A small company based in the south of France, SPS was ready to expand sales of their contactless payment technology into Asia by opening an office in Singapore.
  • With no knowledge of the Asian market or local presence, they needed help in the administrative tasks of setting up an entity, as well as recruitment of a new team.
Solution
  • ALTIOS supported SPS in the administration, contracting and bureaucratic liaison necessary to set up an entity in Singapore.
  • ALTIOS continues to manage the bookkeeping, payroll and administrative tasks of the Singapore entity, which has now grown to include the Asian operations of IN Groupe, the company that acquired SPS in 2018.
Results
  • With the entity established in Singapore in 2014, SPS has continued to grow in the APAC region, with local sales representatives now in place in Indonesia and Hong Kong. ALTIOS’ Asia footprint, with offices in Hong Kong, India and Singapore, has been instrumental in helping SPS navigate recruitment – especially dealing with complex visa issues.

Discover more on SPS

Company Profile

Headquarters: Rousset, France

Turnover: € 112 M (2021)

Sector: Manufacturing of computer, electronic and optical products

Expertise: Design, manufacture and marketing of electronic modules on flexible supports, smart cards, multi-component contact and contactless cards, and hardwares for electronics.

sps

Digital transformation
in the Italian manufacturing industry

local insight italy altios

April 2023

The Italian manufacturing sector has experienced outstanding growth in 2022 and 2023.

Moreover, thanks to the steady advancement of digital innovation, 4.0 technologies at the service of companies and workers, particularly in the engineering and manufacturing sector, will be able to trigger a virtuous circle destined to foster strong growth in the next three years.

How are companies in Italy preparing to face this incoming wave of innovation? And what advantages are there for international firms interested in developing their business in the Italian manufacturing industry?

Italian manufacturing companies expect even greater technological transformation

Digital Transformation - First img

Interesting data has emerged from the 2022 survey conducted by Fòrema, with reference to two interrelated processes, namely digital and green transitions. Supporting the extent to which this scenario represents the future, also on a global level, the report The Rise of the Smarter, Swifter, Safer Production Employee‘, carried out by Ericsson IndustryLab, analyzed the ongoing transformation from which comes out a growing demand for greater productivity and efficiency.

Needless to say that automation technologies have enabled manufacturing to absorb the impact of the economic crisis generated by the Covid-19 pandemic.

In fact, 78% of Italian manufacturing companies declared their financial performance unchanged or even improved.

The research carried out by Assindustria‘s training organization, in detail, focused on how companies will change in the coming years, both in terms of activities and functions as well as organizational relations. According to the survey included in Fòrema’s study, 30% of companies, the vast majority of which are part of the manufacturing and engineering sectors, expect an increase in activities, while 17% expect a radical change in the company. Larger companies are expecting more radical transformations than small and medium-sized companies, in both quantitative and qualitative terms.

Digital Transformation and sustainability as major shifts

On the subject of Digital Transformation, 52% of the companies stated that they had already carried out training actions to adapt technical and behavioral skills in the digital sphere: this testifies to the fact that digitalization processes have therefore involved the majority of the companies surveyed, even if these paths mainly concern the design and management sectors and to a lesser extent the more operational profiles. On the issue of sustainability, on the other hand, less than half of the companies stated that they had implemented specific actions to equip themselves with skills for greater corporate sustainability: a topic on which further efforts are needed.

Digital Transformation - Green

How are Italian companies adapting to this speeding transformation?

In order to face a situation of continuous change, companies must focus on recruitment and the acquisition of new professional skills, such as hiring figures such as Chief Technology Officer-IT managers, and technicians capable of identifying the best technologies to apply to the products or services the company produces, but also Digital Manufacturing managers, i.e. profiles that know how to use innovations in production processes.

Above all, however, the focus is on figures capable of redesigning and planning production and the management of incoming and outgoing material flows on production lines: in this period of crisis in the cost of materials, these figures are fundamental for keeping the production cycle profitable.

Moreover, according to the research, ‘The Rise of the Smarter, Swifter, Safer Production Employee’ Italy is confirmed as one of the most advanced countries in terms of the use of ICT tools, with 48% of companies using at least three of the technologies considered, compared to 41% of the global average. Now more than ever, investing or expanding in Italy for international companies means a booming market for excellent business growth.

Navigating the Italian manufacturing sector with the right partner

There are a number of challenges that the Italian manufacturing sector faces in an environment still affected by the pandemic, such as international competition, the need for greater flexibility, and the challenge of increased job security. Furthermore, to keep up with the evolution of technology, companies are faced with the need to upgrade machinery and equipment, make processes more efficient to meet the need for greater sustainability and increase the resilience of supply chains. These challenges represent a fascinating path full of development opportunities for the Italian manufacturing industry.

However, navigating this promising market without a third-party expert can be risky. Our Italian teams can provide personalized offers and support you throughout your international expansion journey.

Book an appointment with our experts in Milan and Turin to know more.

Want to learn more?

Discover our most recent article on Italian companies and internationalization: Crédit Agricole Italia in Trento with Altios International to promote the companies internationalization

Altios, accompanied by Polish Investment & Trade Agency, organized a webinar on Vietnam as a destination for Polish companies.

April 2022

Click on the link below to watch the replay of this webinar: https://attendee.gotowebinar.com/recording/8899476124282310150


Vietnam has become a new attractive destination for global investors. Despite the pandemic hard hit, Vietnam finished its 2021 with a 2.58% GDP growth and around 31 B USD of Foreign Direct Investment.

What are Vietnam’s strengths? How can it attract international investors? How to work with Vietnamese partners? Which are critical points for doing business in Vietnam?

The webinar took place on March 17th, 2022 from 9:00 to 10:00 a.m.

What can ASEAN offer the international manufacturers?

ASEAN

Is ASEAN the new global Manufacturing Hub?

The markets of the Southeast Asian countries offer very interesting prospects. 60 % of the region’s population is expected to be middle class by 2030.
ASEAN is also preparing its members for the Fourth Industrial Revolution.

To get some insights on promising trends, and how to set up manufacturing in ASEAN.

Download our article dedicated to ASEAN: