Oxford Economics has taken a majority stake in BIS Shrapnel, the Sydney, Australia-based forecasting firm, which is renowned for its research, analysis, and forecasting on a wide range of sectors. The firm will merge with Oxford Economics' Australia operations and operate under the new name BIS Oxford Economics.
The partnership brings deep knowledge of the Australian and New Zealand economies and supports Oxford Economics’ strategy to strengthen its coverage of key global markets following recent acquisitions in Africa, Latin America, and the United States.
By combining the capabilities of Oxford Economics with BIS Shrapnel the new firm will become Australia's leading provider of industry research, analysis, and forecasting services. BIS Oxford Economics will apply local methodologies and international insights within a fully consistent modelling framework to help clients better understand the markets and sectors in which they operate, by providing reliable and detailed market data, analysis of developments and drivers, and thoroughly-researched forecasts.
The new firm will provide strong sectoral coverage of the Australian economy, as well as expanded analysis across Asia with a specific focus on building, residential and commercial property, infrastructure and mining, transport, building materials, household appliances and products, forestry, and paper and packaging. Detailed reports provide market size and segmentation data, market shares, consumer attitudes and supplier reputation information, and regular business-to-business and consumer research.
Integrating the Oxford Economics Global Economic Model with BIS Shrapnel’s existing forecasting framework will allow the new firm to assess market trends and quantify the impacts for clients at the global, national, and city level, helping them better understand the global economy and opportunities and risks this presents.
To find out more about BIS Oxford Economics, visit www.bis.com.au