Industry news

Climate change is the defining crisis of our time and a rapidly escalating issue that has left many with a sense of hopelessness and helplessness. Thankfully, new initiatives and developments are taking shape, giving public sector authorities and certain industry segments some power to take action to reduce emissions. Collective efforts are instrumental to combatting this crisis, and companies that commit to reaching their net-zero targets will become the most significant agents of change for our future. 

Read more on The Times of India here.

The issue of whether to outsource a transformation project or lean on in-house expertise is a question many Executives wrestle with. It may seem safer to keep control and offer personal development to in-house teams – after all they have the legacy system knowledge. But will playing it safe differentiate you from your competitors?

True innovation relies on deploying the latest thinking and technology, which offer unique experiences. Existing in-house resource can often be pulled in different directions across multiple conflicting projects. This can make delivering a growth agenda whilst running BAU difficult, to almost impossible. However, for many the default option remains managing these projects in house. Whilst there are advantages to this approach, it also has limitations.

Read more on Finextra here.

By: Anushka Lokesh, the Head of Growth at Breinify, an AI-powered predictive personalization platform.

Artificial Intelligence is the process of analyzing millions of patterns through machine learning. By studying these patterns, AI can make well-thought-out decisions that humans simply can’t.

AI and data science are used in every sector to automate and ease processes. Marketing is no different. The use of data science in digital marketing plays a critical role in any campaign. And organizations making proper use of it are getting huge advantages over their competitors, including:

• Dynamic audience segmentation
• Personalized product recommendations
• Consumer journey optimization

Read more on Unite AI here.

Report on the Global Sustainability and Climate Change Consulting Market shows how the market is doing right now, worldwide. Additionally, it denotes crucial elements that help consumers make important company decisions and advance the expansion of Sustainability and Climate Change Consulting market share. The research also consists of basic product definitions, applications, industrial chain, and classifications of the market. Additionally, it describes various market policies, industry economic and technological frameworks, and Sustainability and Climate Change Consulting market dynamics.

Read more on The Sports Forward here.

KPMG said that its survey of 110 tech CEOs and 75 telco CEOs found that 85% see a recession as likely and most of them are asking themselves how to prepare for it.

KPMG’s 2022 CEO Outlook Survey identified key challenges and opportunities that tech, media, and telco CEOs face.

Read more on VentureBeat here.

UK SITS market leader TCS continues to post strong rates of quarterly revenue growth at both the Global and UK levels. Q2 results out yesterday afternoon saw TCS report Global year on year revenue growth of 15.4% (in constant currency) to $6.9bn (Q2 FY22 $6.3bn). Operating margins declined 1.6% YoY to 24% (Q2 FY22 25.6%) although ticked up on the previous quarter (Q1 FY23 23.1%).

TCS CEO Rajesh Gopinathan pointed to strong demand for its services with “Strong, profitable growth across all our industry verticals and in all our major markets. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements". 

Read more on TechMarketView here.

In supply chain circles battered by more than two years of upheaval, the word “normal” is creeping into the outlook for 2023. 

• In the latest Logistics Managers’ Index, “September’s future predictions hint at normalization and a return to business as usual over the next year.”
• Analysis from Sea-Intelligence, gauging the amount of bogged-down shipping capacity, shows “all three models suggest we should be back at the ‘normal’ 2% capacity loss baseline by early 2023.”
• The year-to-date improvements in New York Fed’s Global Supply Chain Pressure Index “suggest that global supply chain pressures are beginning to fall back in line with historical levels.”

Read more on Bloomberg UK here.

NHS Supply Chain manages the sourcing, delivery and supply of clinical consumables, capital medical equipment and products such as food and office solutions for NHS trusts and healthcare organisations across England and Wales.  It currently has over 60 per cent of the market share in these areas.

It manages 7.7 million orders per year, across 129,420 order points and over 16,000 locations. NHS Supply Chain delivers over 35 million lines of picked goods to the NHS annually and its systems consolidate orders from over 930 suppliers, saving trusts time and money in removing duplication of overlapping contracts.

Read more on NHS Confederation here.

Finding and acquiring the ideal target at exactly the right price is every private equity executive’s goal. However, the perfect deal is elusive. Successful private equity firms and investment banks are looking at unique ways to source quality deals quicker in hopes of yielding optimal returns upon exit. As a result, the role of the business development officer at private equity firms has continued to grow and evolve.

For these reasons, in July the Association of Corporate Growth convened a roundtable, sponsored by Cyndx, to discuss how private equity firms and investment banks are sourcing deals more efficiently than ever and achieving success in today’s uber competitive dealmaking environment.

Read more on Middle Market Growth here.

Negotiators are heading to Montreal for another round of meetings in December 2022 (known as COP 15, Part 2) under the auspices of the international Convention on Biological Diversity (CBD). Their ambition is to try to conclude a much-needed international agreement to tackle the World’s biodiversity emergency.

This article explains the background to the pending negotiations and what can realistically be expected to emerge from them. It also explains why the global biodiversity crisis represents a clear threat and opportunity for clients across sectors and geographies, irrespective of the COP 15 talks. 

Read the full article on DLA Piper here.