Global

Digital Environmental Health and Safety Services Market is Set for Further Growth

Posted: 04/06/2022 - 09:00
Widespread corporate digitization, a focus on ESG and strategic pivots by leading consultancies to transform their service offerings with new technology is boosting the digital Environmental Health and Safety (EHS) services market.

The market for digital environmental health and safety (EHS) services has come through a period of uncertainty in the industrial world. Firms have struggled with the difficulties of the pandemic while trying to address pressing new priorities such as the climate crisis and the ESG boom.

Uncertainty in the industrial world has benefited EHS consultancies with last year seeing an increase in spend on EHS-focused digital technology implementation, EHS platform integration and data analytics services even though the COVID recession is still affecting budgets.

Shipper-Owned Containers: The Future of Shipping in a Post-Pandemic World

Posted: 04/01/2022 - 00:01
The disruptions in the shipping container industry driven by COVID-19 have created the need for alternate sourcing strategies.

Before the onset of the pandemic, the shipping industry operated with an abundance of capacity at par with the demand patterns. More than 80% of the market needs were met by three major shipping alliances — 2M (Maersk Line and Mediterranean Shipping Co.), THE Alliance (Ocean Network Express, Hapag-Lloyd and Yang Ming), and OCEAN (CMA CGM/APL, Cosco Shipping and Evergreen Line).

Dollars Talk, but Great Leaders Keep the Best Workers From Walking

Posted: 03/28/2022 - 09:00
High compensation isn't enough to counter bad leadership and a poor work culture says Eric Harkins, President and Founder of GKG Search & Consulting. He offers five things leaders can do to keep their best employees from walking.

For months and months, we’ve heard and read ad nauseam about “The Great Resignation.” We’ve been given numerous reasons why record numbers of people are leaving their jobs.

But let’s be real about the main root cause. We are experiencing a great exodus of employees nationwide largely due to bad leadership.

The Future of the Supply Chain is Data Driven

Posted: 03/25/2022 - 09:00
Learn how big data and analytics can help organizations at every level of the supply chain to increase efficiency, productivity, resource management and spending.

What Does a Data Driven Supply Chain Look Like?

The key to improving any system is information. A data-driven supply chain is built around this concept, leveraging big data and analytics to improve processes at every level of the supply chain. A wide range of technologies contribute to this, from interconnected IoT sensors to warehouse robots and everything in between.

Make Classifying Your Spend Data a Top Priority in 2022

Posted: 03/18/2022 - 09:00
Classifying spend data can often seem like a huge and overwhelming task, but you shouldn't push it down on the priority list.

Classifying spend data can often seem like a huge and overwhelming task, especially if you’re starting from scratch and, more often than not, it’s a task that gets pushed further and further down the priority list.

You may even already be thinking about it, or can’t justify the time or resources, or it might be something that you think is just a complete waste of time. But I’m here to tell you why you need to make it your top data priority in 2022!

Leading Procurement’s Digital Transformation: Three Steps to Success

Posted: 03/11/2022 - 09:00
Globality CRO Keith Hausmann discusses how innovative technology can help procurement meet today’s biggest challenges, while increasing its influence through the power of “Performance Spending.”

In her book Trade wars, pandemics, and chaos: How digital procurement enables business success in a disordered world, Dr. Elouise Epstein, a digital futurist at Kearney, explains why most companies have historically been underwhelmed by the digitalization of procurement processes, noting that it hasn’t always delivered on the promise to empower people to move at speed, be more agile and work how they want.

Tracking the Evolution of Procurement and Where It’s Going Next

Posted: 03/09/2022 - 09:00
How procurement has evolved throughout its history, why 2020 was such a turning point for the function and where things are headed next.

From the outside, procurement appears to be a relatively static department focused on one core goal: Acquiring the right goods at the right price.

But behind the scenes, procurement teams have been silently evolving. They’ve been growing their capabilities, creating value in new ways and driving growth while ensuring business continuity.

Procurement’s Dirty Little Secrets

Posted: 02/25/2022 - 09:00
Exposed: Six of procurement's dirty little secrets that are hindering its ability to be a truly strategic partnership to the business.

It’s an exciting time to be working in procurement and ProcureTech as they are both undergoing an exciting transformation.

Venture capital funds are flooding into ProcureTech, and the category has a forecasted CAGR of 10.2% between 2021–2026 (Global Industry Analyst, Inc 2021) at a $9.9BN valuation by 2023 (Banerjee 2019). At the same time, Global 2000 Corporations are increasingly open to adopting new emerging technologies.

All signs point toward transformation.

But, first, we need to address the elephants in the room.

Procurement’s Integral Role in Sustainability

Posted: 02/23/2022 - 09:00
Procurement is the gatekeeper when it comes to meeting your organization’s sustainability mission statement.

With floods, fires and failing supply chains increasing throughout 2021, we welcome another crisis to the center stage: climate change. The impacts of these disastrous events rippled across every industry and were felt by both consumers and suppliers, causing a major shift in how we do business.

It is not merely a question of if something can be manufactured or sourced, but it has become a question of how. Procurement plays a vital role in being the gatekeeper to procuring products and services without unnecessary depletion of natural resources!  

Do You Want Chips With That?

Posted: 02/21/2022 - 01:01
While the shortage of semiconductor chips has been dominating news headlines and roiling corporate earnings, demand for chips has been steadily increasing prior the the COVID-19 pandemic.

The semiconductor industry has an atypical problem: everybody wants their product. Semiconductor chips are the basic component of the digital products used in our everyday lives, from mobile phones to televisions to washing machines, but it doesn’t end with consumer products. As many as 169 industries have been impacted by the current mismatch in demand and supply.

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