enVista, an enterprise and supply chain consulting services firm, announced that it attained 35.9 percent year-over-year growth in 2010, despite the ongoing economic slow pace to recovery. The company says its organic growth follows a flat 2009; prior to 2009, enVista achieved continuous growth since its founding in 2002 (cumulative 23.4 percent year-over-year).
“The recession has caused many supply chain consulting firms to quietly go out of business or shrink considerably in size,” says Jim Barnes, enVista president and chief executive officer. “In 2009, we maintained our size for both employees and revenue. We consider this a significant achievement. We were confident that the U.S. economy would rebound. However, we have witnessed a slower recovery with companies in the western states.”
Barnes attributes enVista’s organic growth and ability to weather the economic downturn “primarily to the value we provide to our clients, our source to consumption solutions portfolio that offsets turbulence in any one market, and our relentless focus on the bottom line.”
The company says it enjoyed growth across all four of its business units: Supply Chain Solutions (supply chain strategy, technology and operations); Transportation Solutions (freight audit /payment and carrier contract analysis/negotiation); and new business offerings as of 2008: Microsoft Dynamics AX Enterprise Resource Planning (ERP) Solutions; and Managed TMSaaS.
“Most companies understandably either held off making supply chain investments or took a more conservative approach to their solutions strategy in 2009,” says John Stitz, senior vice president. “However, companies renewed their focus on their supply chains this year, based on the impact supply chains have on profitability and customer service. We expect to see that trend continue in 2011.”
Stitz says the company is looking forward to 2011. “Our backlog is strong, which will allow us to exceed revenue of $22 million U.S.,” he says. “We have added two additional service offerings that strengthen our value proposition and allow our customers to use one solution provider for consulting, implementation and operations.”