Industry news

From reducing litter through glow-in-the-dark bins to the company pioneering a low-cost heat pump revolution, these are the winners of the 2022 Global Good Awards

Sustainability – whether it’s around the environmental impact of the underwear you just bought, or how you heat your home – is a topic on many people’s lips. Although we tend to hear more about the laggards than the leaders, there are scores of people, projects and companies driving real change. Each year, the Global Good Awards champions the best of the best.

In 2022, given the urgency needed, the panel of judges has introduced strict new thresholds and will no longer award ‘gold’, the top level of recognition, solely because an entrant has scored the highest in a category. Instead, the winners will have to reach minimum scores of 80 per cent for gold, 75 per cent for silver and 70 per cent for bronze. 

Read more on Positive News here.

So, let’s recap. Back in August, we discussed Phase 1 of the asset lifecycle, “Evaluate & Acquire,” where you benchmark future inventory and forecast existing well performance using insights.

Next up was Phase 2, “Design & Develop,” which allows you to run simulations and understand the asset’s impact from different variables on productivity, using historical and proprietary data.

Now armed with data and forecasts to justify asset development, we’re ready for Phase 3, where we source materials and services and kick off your project. A phase that supports the execution of a company’s operations.

Read more on Enverus here.

Clutch evaluates technology service and solutions companies based on the quality of work, thought leadership, and client reviews.

Companies must exhibit an unusually high ability to deliver top-tier work to their clients to be eligible for a Clutch Leader Award. Receiving this award is no small feat and is an exceptional recognition.

"Clutch is a customer's opinion and choice leader in the custom software development market; it's an honor to be recognized."
Boris Kontsevoi, Intetics CEO and President

Read more on Newswire here.

The Ukrainian international IT services industry emerged from the Soviet Union's admired mathematical education and Ukrainian scientific school of early computer science in the '90s and, in the last two decades, has become a nearly $7 billion export industry with about 285,000 specialists.

Yet on February 24, 2022, Russia started a full-scale war against Ukraine. Even with the experience of a similar invasion in 2014, many clients and prospects understandably began to worry for their teams, products and future this time around. Boris Kontsevoi shares his view on what happened to the Ukrainian IT industry after six months of the war in the new article for Forbes Tech Council.

Read more on Newswire here.

Webhelp, a leading global provider of customer experience and business services, has partnered with SGS, the leading certification company, for a long-term initiative to safeguard content moderator health and well-being.

This partnership led to SGS developing the Wellness and Content Moderation (WellComo) label to assess the strength and maturity of practices that businesses use to protect the health of content moderation colleagues on the front line.

Webhelp supported by sharing its considerable experience in the field and by offering several operational sites for pilot audits. Webhelp’s approach to well-being as an overarching component of working methods is one of the many ESG (Environmental, Social, and Governance) initiatives that the Group has undertaken as part of its ongoing commitment to health and wellness.

Read more on BusinessWire here.

A new KPMG survey has found Canada’s small and medium-sized businesses are banking on strong growth in the next three years, even as a possible economic downturn remains top of mind in the near term.

The survey of 503 small and medium-sized businesses said 83 per cent are feeling optimistic about their growth over the next few years, with 82 per cent feeling confident about their industry as a whole.

The optimism comes from companies in the consumer and retail sector, manufacturers, and those in the real estate and construction industries.

Read more on MooseJaw Today here.

A law firm set an unusual mission for its staff last year: to boldly go where they had not gone before. Baker McKenzie’s Reinvent challenge was set up to promote innovation across the organisation, and the inspiration was outer space. Participants, known as “BakerNauts,” went through a range of training and exercises before tackling some challenging problems faced by clients. Among the prizes on offer to staff were opportunities to speak to astronauts and visit space centres. This creative effort is one example of how the legal industry is responding to developments in legal tech and new client demands by working to deepen its own innovative capabilities.

Read more on the Financial Times here.

Mid-guidance sequential growth of 4.1% saw Wipro’s Q223 revenue reach $2.8bn. The 12.9% yoy constant currency increase in sales for the three months ended 30th September was accompanied continuing flow of large deals wins. This helped to lift the company’s order book at the end of the period by nearly a quarter over the same point in the prior year. Operating margin, which had declined in each of the five previous quarters (see here), held firm qoq at 15.1% but landed 270 bps down against Q222.

Read more on TechMarketView here.

Westfall Technik has adopted Arkestro’s predictive procurement software to wring savings and more reliable deliveries from a historically challenging supply chain.

Built through the acquisition of 17 companies over approximately a 4-year timespan, the company has seen continued solid organic growth from their customers in their target markets of healthcare and consumer packaged goods and continues on their new customer acquisition journey. Westfall’s corporate methodologies backed by their “Stacked Integration Model” certainly delivers as it relates to their value proposition but also has magnified the need for continuous improvement in key areas given its growth. This has resulted in a corporate structure which poses unique and nuanced supply chain challenges. The company provides end-to-end manufacturing capabilities, including product design, moldmaking, injection molding, assembly and more to a broad range of customers, and as David Schultz, VP, Chief Supply Chain Executive puts it, Westfall Technik counts “all the biggest logos” amongst its customers.

Read more on Plastics Technology here.

It’s widely accepted that by the time journalists publish a “news breaking” cover story, its novelty has already peaked in the real world.

A good example: the emergence of freelancing as a significant player in the future of work. While many of us were writing about the value of freelancing, its global scale, and the necessity of treating it as a fundamental part of the future of work, independent professionals and companies were already making it happen.

It turns out that the freelance revolution is, if anything, ahead of schedule.