Security of Product Life Cycle
Five Crucial Success Factors Adopted by Leading Security Practitioners In today’s competitive business landscape, where differentiation is paramount, establishing and maintaining support for securing a product can elevate a company’s reputation as a top-tier leader in security and privacy. To foster a positive product environment from conception to sales, here are five pivotal success factors […]
Employee Theft Statistics You Should Know in 2023
Key Statistics on Employee Theft to Be Aware of in 2023 Despite significant investments in fostering a positive company culture and employee development, businesses remain vulnerable to employee theft. This encompasses financial theft, data breaches, and even time theft. Grasping the magnitude of this challenge is the first step towards addressing and potentially preventing it. […]
Climate Change Threatens Top Clothing Producers
Elevated Risks: The Impact of Extreme Weather on Fashion Supply Chains Recent findings in a new study, released Cornell University’s Global Labor Institute (GLI) and Schroders, reveals extreme heat and flooding are threatening key apparel production hubs. This indicates that clothing manufacturers in certain climate-sensitive regions could experience a 22% reduction in export earnings, potentially […]
Retailers Hidden Financial Drains on Profits
The Silent Erosion: Supplier Overpayment and Shrinking Margins in Retail In the intricate tapestry of the retail industry, there are myriad threads that contribute to the overall picture of success. However, beneath the surface of bustling sales and customer interactions, there lurk silent threats that can erode the very foundation of profitability: supplier overpayment and […]
Retail Crime Surge 2023
Introduction The BRC Crime Survey 2023 has once again delivered unequivocal evidence highlighting the ramifications of violence and abuse on the well-being of retail professionals. This comprehensive study sheds light on the financial implications of crime and its prevention measures, both in the digital realm and physical retail spaces. This, in turn, indirectly affects the […]
The Retail Merry Go Round
Breaking Free from the Retail Vortex: Understanding the Quandary We’ve all experienced the relentless whirl of the retail vortex – a daunting cycle where shrinking profits trigger job losses, subsequently causing a dip in sales, and the cycle tragically continues. This seemingly endless spiral leaves many feeling trapped and disheartened. But what if there was […]
3 Essential Pillars Every Retailer Must Adopt
The Inevitability of Business Risk In-store shopping has made a triumphant return. Customers are flocking to the nation’s leading retail spaces, browsing through aisles during lunch breaks, holidays, and weekends. Retailers are pulling out all the stops to ensure that the in-store experience is as seamless as possible. However, with challenges like supply chain disruptions, […]
What is Business Risk?
The Inevitability of Business Risk A company is vulnerable to business risk when circumstances arise that could diminish profits or even lead to insolvency. We’re all familiar with the certainties of death and taxes, but what about risk? Indeed, risk is as much a part of our lives as these other constants. This was vividly […]
7 Essential Skills for Business Consultants in the AI Era
Navigating the AI Revolution: A Guide for Management Consultants The rise of Generative AI has compelled professionals across industries to revaluate their roles in this transformative era. For business consultants, the emergence of tools like ChatGPT marks a pivotal moment. As a management consultant, you might feel the tectonic shifts beneath you. Your Competitive Edge […]
The Role of AI in Inventory Management
Artificial Intelligence and its Impact on Modern Inventory Management In the relentless pace of today’s business realm, adept inventory management is paramount for the prosperity of firms spanning diverse sectors. Historically, inventory coordination – covering procurement, warehousing, distribution, and order fulfilment – heavily leaned on manual methodologies and antiquated systems, leading to inefficiencies and higher […]