Many of the world's biggest food, beverage and tobacco brands are missing their biggest opportunity to mitigate climate risks, according to analysis by global non-profit CDP, formerly the Carbon Disclosure Project.
Pharmaceutical companies are running hard to keep pace with changes brought about by digital technology. Mobile communications, the cloud, advanced analytics, and the Internet of Things are among the innovations that are starting to transform the healthcare industry in the ways they have already transformed the media, retail and banking industries. Pharma executives are well aware of the disruptive potential and are experimenting with a wide range of digital initiatives.
Six companies dominate the business of farm supplies. The interest of Monsanto, the world's biggest seed producer, in buying Syngenta, the largest agrochemicals firm, had threatened to whittle them down to five. That raised worries about whether the reduction in competition would mean less innovation - and thus slower improvements in crop yields - as well as higher costs for farmers.
In 2010, when Netflix was still early into its shift from DVD rentals to online movies and shows, it started using Amazon Web Services, the retailer's cloud computing division. Now that Netflix streams 100 million-plus hours of video every day, it's sticking with Amazon partly because of Amazon's scale and features, and partly because switching vendors "would be a significant multi-year effort," says Yury Izrailevsky, Netflix's vice president for cloud and platform engineering.
Challenge: This leading producer of spirits and wine lacked visibility of its ocean shipments and carrier performance levels. The company relied on each partner's individual tracking system, a process made more difficult as exports and revenues grew.
On average, $10m is the cost of a recall on a food company. Add this to the fact that recalls have been doubling every year from the 2002-2014 period in the United States, and it should worry any stakeholder in the manufacturing and processing facilities. Yet many of them are surprisingly optimistic about the chance of a recall affecting business, and it's their belief of invincibility that leaves them unprepared to weather a storm when one blows up. When manufacturers take a risk on their customers' health, they take a risk on their business’s health.
Challenge: The shrimp factory we worked with was inefficient in getting shrimp from boat to freezer. There was also inaccuracy in packaging and overall quality.
The latest supply-chain news, analysis, trends and tools for executives in the food and beverage industries. Learn how food and beverage companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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