Big data can be a powerful enabler of better business decisions, but getting the right data to the right person in an actionable form presents huge challenges. Richard Sharpe, CEO of Competitive Insights, helps demystify the subject and explains why mastering big data is worth the effort.
For years developing countries have been thrice blessed. First, near-zero interest rates in the U.S. drove investors into bourses from Mumbai to Mexico as they searched for higher returns. Next, China emerged as the trading partner of choice as it gobbled up Indonesian palm oil, Cambodian hardwoods, and Brazilian iron ore. Finally, with the exception of the Middle East, the politics of most emerging-market countries were stable. The blessings have run out.
To be a corporate I.T. professional today, you have to be obsessed with cybersecurity. A line on your resume should read "paranoid tendencies." Because somebody really is out to get you - or, at least, your company's proprietary information.
Architects want a better relationship with each part of the building and construction supply chain, especially as lean practices move heavily into the commercial construction industry.
The most important benefit of supply chain visibility is enabling management by exception, says Sean Riley of Software AG. He explains what is driving renewed interest in this area and outlines steps to achieving real-time alerts and automated responses.
Competition within the supply chain industry is fierce. Internal executives, third-party providers and industry consultants all have their own special sauce strategies to navigate the twists and turns of the supply chain. Touting a company's strength is important for shareholders and marketing efforts. But value can be generated by recognizing operational deficiencies, and seeking out partner companies with complementary competencies. By this initiative, both companies capture or retain the ultimate prize - the customer. Sometimes a company's best choice for a partner is the least expected or desired - a competitor.
UPS released its annual Sustainability Report announcing that while the total number of packages UPS shipped in 2012 increased, the company reduced its total greenhouse gas (GHG) emissions, according to the carrier's annual sustainability report.
Over the next 17 years or so, global trade will more than double, China will come to own roughly a quarter of the world's merchant fleet, the number of offshore wind platforms will grow a hundredfold, and the U.S. will still be the dominant naval power. So go the predictions in Global Marine Trends 2030, a collaborative effort by ship classification society Lloyd's Register, UK defense contractor QinetiQ, and the University of Strathclyde in Glasgow.
Comfort with the status quo is the biggest barrier to supply chain transformation, which makes sense since true transformation is both painful and difficult, say Trissential's Rich Sherman and Robert Sabath, two long-time supply chain evangelists.
After the tragic collapse of a Bangladeshi factory building, the Rana Plaza, which caused the death of about 1,200 low-paid workers, retailers were left reeling from the PR backlash.