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SC Finance & Revenue Management: Page 152

Chief Executive of Maersk Focuses on Improving African Infrastructure

The CEO of Maersk Group toured Nigeria, Angola and Ghana in a bid to focus on African infrastructure improvements. As African economies boom, infrastructure improvements become more important to turning the growth into sustainable development, and Maersk is planning to take a role in this transition.

Moving from Marketing-Driven to Market-Driven Supply Chains

Analyst Insight: The corporate goal is to drive profitable growth. Growth happens through success in new products, capturing market share in emerging markets or brand building in existing regions. To make these initiatives successful, the supply chain matters more and more; however, the greatest success happens when companies shift from marketing-driven to market-driven value networks. In market-driven value networks, companies build the capabilities to listen, test and learn in vitro with zero data latency to maximize market opportunity. - Lora Cecere, Founder of Supply Chain Insights

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Supply Chain Disruptions Major Threat to Share Prices of Businesses

In recent years, supply chains have become longer and more complex, while the severity and frequency of supply chain disruptions seems to be increasing. In close cooperation with Accenture, the World Economic Forum recently presented a report, "Building Resilience in Supply Chains," at the WEF Annual Meeting in Davos, Switzerland. It indicates that significant supply chain disruptions reduce the share price of affected companies by as much as seven percent on average.

81 Percent of Surveyed Ocean Shippers Look to Cut Costs Through E-Invoicing This Year

A global study of high-volume shippers and freight forwarders that included four of the top five global logistics providers found that 81 percent of respondents want to receive invoices electronically in 2013.

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Linking the Physical and Financial Supply Chains

Electronic invoicing isn't new, writes Nigel Taylor of GXS. It started over 40 years ago with business-to-business (B2B) electronic data interchange (EDI) within private networks. With the advent of the internet in the '90s, e-procurement portals appeared and sparked a frenzy of investment into online industry communities. The e-procurement portals focused on sourcing and purchasing activities, and this narrow focus inevitably led to internet portals dedicated to payables processing.

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BizSlate Launches Small Business Supply Chain Assistant

New York-based BizSlate is launching its cloud-based resource planning tool to give small business a hand with their supply chain challenges. Unlike legacy vendors in that sector, including SAP and Netsuite, the technology is specifically designed for department stores, retail chains, small boutiques and the like. Chief executive Marc Kalman says BizSlate is ideal for companies that have "outgrown QuickBooks" but don't have ample resources at their disposal for IT.

UK Freight Forwarding Sector Annoyed by Trade Negotiations

As talks are announced regarding a potential free-trade agreement between the two continental powers, which could simplify and revolutionize the â‚¬450 per annum trans-Atlantic trade there are rumblings in UK freight forwarding circles that another agreement, potentially a precursor to the main agreement and involving the security concerns when shipping goods between the partners, does not appear to hold all that it originally seemed to promise.

ABB To Cut Costs to Counter Market Volatility

Swiss manufacturer ABB has said it will focus on reducing cost to offset economic uncertainty. In order to combat the sluggish global economy that has damaged sales for many providers of industrial equipment, ABB has focused on the bottom line. "In the short term, there are still a lot of questions around the pace of growth in Europe and the U.S. and the timing of the rebound in China," said Joe Hogan, chief executive officer of ABB.

$1M in Support of Saudi Supply Chain Students

The International Supply Chain Education Alliance (ISCEA) announced that the ISCEA Ptak Prize is offering 1,000 scholarships for 3rd- and 4th-year Saudi Arabian university students. The scholarships allow the eligible students to obtain internationally recognized, CSCA (Certified Supply Chain Analyst) qualification free of charge. This initiative is to support the kingdom's supply chain and human capital development goals over the next ten years. Each year ISCEA Ptak Prize will award 100 scholarships with the total value awarded more than $1mn.

Gulf Cooperation Council Invests $36bn in Port Development

The GCC countries are allocating $36bn to further develop their port infrastructure amid increasing foreign non-oil trade volumes. Saudi Arabia is powering ahead with port infrastructure development with more than $750m allocated to Dammam's King Abdul Aziz Port, which includes the launch of a second high-tech container terminal in 2015 with capacity for 1.8 million TEUs per annum.

Okay, We Need Management Commitment. So, How Do We Get It?

Supply Chain Management is a "tale of two cities", Leader City and Laggard City. Residents of Leader City, according to benchmarks from APQC, outperform their median competitors with an overwhelming cost and performance advantage. As you navigate the journey to Leader City, at some point, you are going to have to obtain management commitment as evidenced by the fact that we've all been to dozens of case study presentations at conferences over the years. What do they all have in common? You have to have management commitment to be successful. What they never tell you is how to get it! Here's one of the secrets to gaining management commitment that Rich Sherman reveals in his new book. Material excerpted from Supply Chain Transformation: Practical Roadmap to Best Practice Results, by Richard Sherman, 2012. John Wiley & Sons, Inc. Reprinted with permission.

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Mama, Don't Let Your Babies Grow Up to Be Economists

Is it a waste of time to make economic forecasts? Even the most respected prognosticators are wrong as often as they're right. And the most sweeping changes? Hardly anyone ever sees them coming.

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