By now it is almost gospel that investing in innovative new products and services helps a company's long-term success. That doesn't mean it's easy. A new study from Accenture, "Why 'Low Risk' Innovation Is Costly," found that fewer than one in five chief executives believes his strategic investments in innovation are paying off, and that this poor track record is starting to discourage companies from taking risks.
Today's ever-expanding supply chain offers businesses greater opportunities for efficiency and success in the growing global business environment. The instantaneous and constant flow of data, products and services around the world, however, brings with it a greater risk of violating the numerous and often complex U.S. trade compliance laws and regulations. Businesses that fail to set up policies and procedures to ensure compliance face risks ranging from shipment delays to hefty fines and penalties.
Bribery scandals have dominated headlines in several countries in recent months, among them India and Nigeria. International enforcement of anti-bribery laws has been increasing in the United States and major European countries.
Challenge: The world's largest consumer packaged products company, with nearly $84 billion in sales was challenged to decrease supply chain logistics costs globally and meet a specific strategic initiative to reduce truck miles per volume 20% by 2020.
Challenge: This rapidly growing domestic brewing company lacked a centralized planning process across all of its breweries further hampered by disjointed supply chain functions. The company was unable to accurately forecast across its 180 products for the 575 wholesalers across its global footprint.
The Indian IT infrastructure market, comprising servers, storage and networking equipment, will total $2.1bn this year, according to Gartner, and surpass $2.9bn in 2017.
EU proposals to return to the days of supply chain management following the abolition of milk quotas in 2015 have been fiercely rejected by the dairy industry.
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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