There was a time when we used old-school ledgers to track our business relationships, and they were written with absolute clarity to deliver absolute trust.

The scale of the problem is staggering. Each year, 1.6 billion tons of food worth about $1.2tr are lost or go to waste — one-third of the total amount of food produced globally. To put the figure in perspective, that is 10 times the mass of the island of Manhattan.

A measurement of businesses’ total cost of risk (TCOR), primarily used by the insurance industry, declined for the fourth year in a row in 2017, according to The Risk Management Society (RIMS).

Challenge: This footwear company is a leading manufacturer that prides itself in producing a wide range of shoes, from athletic to fashion, in hopes of crafting the perfect style for each customer. Because of the company’s emphasis on creativity, its manufacturing environment is highly complex — consisting of more than 3,000 patterns, 11,000 types of materials and various outdated IT systems. Attempting to manage design and order generation, the company implemented Amber Road’s SAP ERP and PTC FlexPLM systems, which only rendered partial functionalities since the system was not yet fully integrated.