Industry news

The financial services sector has no choice but to embrace environmental, social and governance (ESG), according to a new KPMG report, which describes ESG as the ‘great behavioural driver of system change’.

Thirty-two industry commentators, CEOs, CFOs and board members from across the world have contributed their views on the future of financial services for KPMG’s Voices on 2030: Financial Services Reinvented Report.

The world’s financial services sector is changing at a faster pace than ever before – and systemic change is expected within the next decade, the industry leaders and experts concluded.

Read more on the FinTech Times here.

Russia’s full-scale invasion has seriously affected business within Ukraine. The National Bank of Ukraine (NBU) estimated that, as of May 2022, capital losses from the destruction of enterprises, residential buildings and infrastructure amounted to US$100 billion – equivalent to 50 percent of the country’s GDP for 2021.

However, despite continued challenges, disrupted business processes are largely back on track, and some sectors, such as information technology, are even showing growth.

Below are key considerations that should be taken into account today during a global reorganization transaction involving businesses in Ukraine.

Read more on DLA Piper here.

In this infographic, we tackled the "great resignation," which refers to the ongoing difficulties in recruiting and retaining talent as a result of the stiff competition in the job market triggered by the global pandemic.

Many factors can be attributed to increasing unemployment rates and employees leaving their jobs. Initially, most experts believed that it was caused by uncertainty sparked by COVID-19. However, it soon became clear that most workers quit because of safety concerns during a global pandemic, and because their companies didn't provide enough remote work options.

Read more on MarketScreener here.

Global law firm Ashurst announces the launch of its Advance Virtual Experience Programme for students as part of the Ashurst Advance team’s commitment to innovation in talent and initiative to promote access to careers in NewLaw. 

Global law firm Ashurst announces the launch of its Advance Virtual Experience Programme for students as part of the Ashurst Advance team’s commitment to innovation in talent and initiative to promote access to careers in NewLaw.

Read more on The Mirage here.

Listen in as Abe Eshkenazi and Bob Trebilcock talk to David Glick, Tom Raftery and Rick Watson about the most important trends shaping the future of supply chain management, from technology to sustainability to talent. You won’t want to miss this episode of The Rebound, recorded live at this year’s ASCM Connect.

Sure, we’re all still dealing with supply chain disruptions. But, the best organizations are looking beyond the present to the future and asking: What are the steps we need to take to build resiliency, agility and a customer focus into their processes? Is it technology? Is it talent? And, how will the focus on sustainability and diversity shape our organizations going forward? 

Read more on Supply Chain Management Review here.

Mr Accuracy Reports , Contact And Call Centre Outsourcing market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Contact And Call Centre Outsourcing market by region.

The global market size of Contact And Call Centre Outsourcing will reach (2028 Market size $$) million $ in 2027 with a CAGR of % from 2022-2027.

Read more on The Sports Forward here.

Automation Anywhere, one of the best-funded RPA providers with over $1 billion capital raised to date, went the debt route this week, securing a $200 million loan from Silicon Valley Bank, SVB Capital and Hercules Capital.

Debt raises aren’t necessarily a bad thing — they’re a useful tool, particularly for companies with high annual recurring revenue — but the magnitude and timing of the Automation Anywhere raise suggests it was more out of necessity than choice.

Read more on TechCrunch here.

The report investigates the current status of the Procure-to-Pay Outsourcing Market and analyses the future trends of the Procure-to-Pay Outsourcing market. The report explores the market opportunities available in the Procure-to-Pay Outsourcing market. The report assesses the Procure-to-Pay Outsourcing market sourced from the currently available data. The report provides in-depth information of the Procure-to-Pay Outsourcing market that helps market players understand and analyse the Procure-to-Pay Outsourcing industry in terms of key products and services, value-added products, emerging markets, and industries. The report provides basic analysis of the Procure-to-Pay Outsourcing market. The report determines the current production and future demand for the products and services, and assists the market players in planning for investment. The report analyses the major exporting and importing producers, overview of the industry, preliminary and secondary assessment of its future potential. The report summarizes the knowledge gaps and recommendations.

Read more on The Sports Forward here.

With all of the recent events disrupting global supply chains, the trade war between the U.S. and China might seem like old news. But it remains a concern for importers and exporters, and it’s likely to influence sourcing decisions in the months and years ahead.

The luster of China as a source of low-cost production has been progressively fading. It began happening well before the pandemic, when Chinese factory wages started to climb, and workers became harder to retain. Then came the imposition of import tariffs on Chinese-made imports by then-President Trump, which were kept in place by President Biden. Finally, COVID-19 led to a rolling series of factory shutdowns in China, starving retailers and distributors of product at a time when customer demand was surging.

Read more on SupplyChainBrain here.

Read more here.