E-commerce merchants and financial institutions will be investing heavily in online fraud detection solutions over the next five years, with annual spending reaching $9.2bn by 2020, up by 30 percent on current levels.
Virtually all companies will face economic headwinds and other challenges in 2016. Finding new sources of revenue growth remains difficult, resulting in pressure to protect margins through cost control. How can the procurement professional provide that?
Challenge: After working with a large manufacturer to manage their freight bill audit and payment, the client chose to move the business to a logistics provider to support these and other supply chain needs. After a period of time with the company, however; they determined they were not receiving an adequate return on investment for the services.
Challenge: A large electronics company tripled in size in part because of more than 100 acquisitions; this company lacked visibility across their hundreds of factories and distribution centers.
The Obama Administration's proposed traceability rule to address seafood fraud in the United States does not increase transparency for the majority of the seafood sold in the U.S., and it should be expanded to include all seafood and extended through the full supply chain.
China's efforts in good manufacturing practice certification in 2015 showed a continued shift toward warning letters even as the overall number of reviewed applications fell by more than half.
One in six Americans get food-borne diseases each year with 3,000 of those cases resulting in death. Food and beverage retailers are strategizing to avoid such risks for consumers while keeping their profit margins intact. A report from IDC urges them to invest in tracking and other technologies.
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.
For the past 15 years, America's trucking industry has periodically dealt with a shortage of truck drivers, but in 2016 this issue has ballooned into a full-blown problem that doesn’t appear to be going away any time soon.
Food loss and waste costs businesses billions of dollars each year and it generates about 8 percent of global greenhouse gas emissions, accounting for the carbon footprint of food produced and not eaten.