Prological has announced a 20% increase in revenue in FY2022/23, backing up the supply chain consultants’ massive 250% growth in the wake of the coronavirus pandemic the year before.
During continued economic and geopolitical uncertainty, robust numbers and consistent growth were achieved across all facets of the business. Furthermore, Prological’s conversion rate of proposals increased by 100%, demonstrating momentum from successfully working with some of Australia and the world’s most recognised brands.
Peter Jones, Prological Managing Director, says the growth can be attributed to the ongoing efforts of his experienced team, of which has also grown along with partnered contractors this financial year.
“The quality of our proposals, the project management, and analytical work continues to be praised by our clients. Prological’s brand is strong and people’s perception of our business based on our public profile is proving to be consistent with the experience of those who work with us,” says Peter Jones, Prological Managing Director.
“FY2023/24 has started where last year finished off. We have a great client base at present, strong pipeline of new business coming in and an even stronger team, passionate and committed to delivering “unfair advantages” to our clients.”
A highlight of Prological’s year was its supply chain transformation project with leading retailer THE ICONIC. By working with Prological, THE ICONIC solved its capacity issues, introduced a more robust S&OP process and reworked its existing facility in Yenora, New South Wales.
Peter Jones says the supply chain consulting firm has shown huge growth after the coronavirus pandemic because of experience dealing with previous economic downturns, group bravery and persistence.
“Thank you to our team for your hard work, unwavering commitment, and unquenchable desire to do the best for our clients, supporting their ambitions and objectives.”
“Empathy, humility, and curiosity have served us well, along with some perseverance. This is who we are, and how we roll. Supply chain changes every day. We lead the thought leadership with new tools, systems and strategies, but values that we approach this ever-changing world remain the same, which this has rewarded our bravery,” he concludes.