Chain of Responsibility (CoR) road safety laws will be more stringent from 1 October 2018, affecting all parties in the container transport logistics chain. Meanwhile, rising costs and container trade growth demand continued productivity and business improvements. Safety and productivity are shared concerns between transport operators, stevedores, importers & exporters, freight forwarders, empty container parks…
A Tale of Two Businesses Consider the following scenarios. Two retail managers each have a chain of locations they are in charge of, with massive amounts of inventory across each chain. One relies on the store manager at each location to ensure that inventory levels are where they should be. So once per month they…
Businesses in Europe and the US are poised to leave us behind. That may seem a bit blunt and perhaps is a slight overstatement, but the essence of the statement is true, according to new global data released by multinational professional services firm Ernst and Young.
The survey in question looked at businesses around the world and how they are managing their risk. While Australia has historically “been at the forefront of risk management”, we are now merely “on par” with our industrial global counterparts, and that is a concerning trend.
Today we consider how real-time risk management is necessary, in order to compete in global business.
It’s not uncommon to hear groans and complaints whenever implementing compliance measures is discussed. In the minds of many, compliance is synonymous with burdensome regulations and, more importantly, unexpected and unwanted expenses. Thinking about something as daunting as PCI compliance, in particular, can be enough to send a teetotaler to the pub.
Technology is changing the way businesses, and the world, operates at an almost blinding speed, and for many companies the struggle to keep up with the constant changes demanded by new developments can be extremely burdensome.
A simple example in the case of customer-facing assets is the emergence of social media as a platform for sales, marketing and customer service. This requires a new skill set, as well as a reimagining of business policies and processes.