What do many business leaders think about the future of the global economy? The article offers some insights into the changes in the economic climate and the spreading geopolitical uncertainty.
Supply chains are undergoing massive upheaval and more and more information points to a continuing downward spiral in global trade. Here are current insights on the change in the supply chain.
While the world from the U.S. to China basks in record temperatures, harried citizens can at least look forward to the inevitable end of summer and the arrival of the misty, fruitful autumn. Unfortunately, no such relief is in sight for the global economy.
Just a few years ago, supply chains were considered an outstanding organizational achievement, with global networks of high complexity to get goods, components and raw materials to where they were needed just-in-time. But when it came to building systems that squeezed the last ounce of efficiency out of every stage of the chain, it was always the suppliers who felt the pinch.
It is still all about the best solution, the best provider and sharply calculated prices. Where 15 years ago standardization projects decided on future viability and cost-based benchmarking decided on contract extensions, today solution providers and interested customers from midsize companies, corporations and small businesses are driving each other forward through regulatory complexity. How were sourcing projects successful in 2005, what has become obsolete, what is still valid today and what needs to be done now?
Looking back at the Covid response, the industry will have a wealth of recommendations and lessons to offer on how to avoid future failures in crises of this magnitude. But will companies also address the root cause of the problem: that supply chains themselves are no longer fit for purpose?
How do digital platform ecosystems like Amazon and Alibaba work? We show which business areas they have and what the future of such business models looks like.
The retail industry has undergone major changes in recent years. Even now, new ideas and technologies are at the start, which open up many new possibilities to bring customers a new shopping experience.
Trade has undergone many changes in recent years. Digitalization has created new ways of communicating with customers and selling products and services through different channels. There are various possibilities, which we explain here.