It’s the kind of bad news best served with a stiff drink: the price of standard supermarket wines such as prosecco and pinot grigio could rise by up to 30 percent this year as the impact of 2017’s disastrous harvest is felt on the high street.
Trucking companies newly flush with cash are stepping up strategies to grow through acquisitions, but they’re finding new challenges in financial reporting along the road.
When Toys ‘R’ Us secured a $3.1bn bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.
Across industries, companies large and small are facing similar supply chain challenges: managing an overwhelming availability of data; meeting the growing demands of globalization; and hopping the artificial-intelligence and machine-learning bandwagon.
We’re now awash in “crypto” hype — cryptocurrencies like bitcoin and fundraising efforts like initial coin offerings. For every venture capitalist or technical expert, there’s a half-dozen hype men and fly-by-night startups making the entire space look like a 21st-century version of the Amsterdam tulip mania.
Advanced supply chains of today connect buyers and sellers in a digital manner for their order and shipments. Often the benefits of rigorous procurement policies between trading partners are ignored with pricing discounts, service levels and rigorous procurement protocols disregarded in an effort to just "get the business done." The buyer may get the raw materials ordered, but the products aren't of the typical quality at the right price. Communication and collaboration are lacking. -David Cahn, Director Product Marketing, Elemica
Slowing growth, intensifying competition and rapidly changing consumer preference are creating rising cost pressures, driving major focus to reduce supply chain costs across industries. However, companies are stuck in an endless death spiral of cost cutting with little impact to the bottom line. Leading companies are breaking this cycle with ZBSC (zero-based supply chain)— a way to drive profitability by looking forward, continually improving bottom line results in a rapidly changing world. –Gary Hanifan, Managing Director, Accenture Strategy, Supply Chain & Operations Strategy