SOURCE: Kennedy Information

July 07, 2008 18:00 ET

Energy Industry's Ageing Workforce Threatens Competitiveness

Consulting Services Increasingly Utilized to Fill Talent Gaps

PETERBOROUGH, NH--(Marketwire - July 7, 2008) - A significant brain and body drain is occurring throughout the energy industry, and major initiatives must be put in place to match the supply of human resource capabilities to the demand for and technical requirements of the business, according to new research from Kennedy Information.

"While this demographic shift in the Energy industry represents an imminent opportunity for consultants, 'body shopping' is rarely a desired situation over the long term," states Tom Rodenhauser, Kennedy's Vice President of Consulting Research.

Other key trends within the global energy consulting industry analyzed in Energy and Utilities Consulting Marketplace 2008-2011 include the re-alignment of business models as driven by newly acquired technical data; a determination of the energy mix of the future; acceleration of major capital projects to help offset limited refining capacities; and the further effects of dwindling natural resources.

These initiatives will contribute to energy companies' combined consulting spend of over $50 billion by 2011, according to Kennedy projections.

Energy and Utilities Consulting Marketplace 2008-2011 analyzes opportunities for consulting practices to facilitate their clients' strategic and operational transition toward competing more effectively in an increasingly global and competitive marketplace. The research details changing buyer behavior and analyzes current market demand and growth trends.

Kennedy offers strategic insights into the competitive dynamics of the consulting industry as they relate to energy and power issues; in its latest energy research analysts profile 16 of the leading firms currently serving the industry including A.T. Kearney, Booz Allen Hamilton, The Boston Consulting Group, Roland Berger, Capgemini, Delinea, Deloitte, IBM Global Services, Infosys, KEMA, KPMG, PA Consulting, PricewaterhouseCoopers (PwC), Strategic Decisions Group (SDG), Tata Consultancy Services (TCS), and Wood Mackenzie.

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About Kennedy Information

Since 1970, Kennedy Information has been the world's leading source of market analysis on the Management Consulting and IT Consulting industries. Kennedy provides accurate and reliable market sizing and forecasts for consulting services world-wide, needs-analysis and vendor profiling for buyers of consulting services, timely and insightful intelligence on the top consulting firms in their respective markets, and operational benchmarks that measure consulting performance.

Contact Information

    Dan Daly
    Kennedy Information