Leaders often cite creativity and innovation as critical components of business success. But many businesses fail to create and encourage environments where creativity can flourish. Managers make three common mistakes that prohibit new ideas and suppress suggestions that don’t align with their own. A 2017 PwC survey of 1,379 CEOs determined that “innovation” was the top…
All clients like offers and one thing they are prompt to take advantage of are big savings days, a practice adopted by e-tail with successful results. There are two large savings marathons in the USA, Black Friday and Cyber Monday (known as Buen Fin and Hot Sale in Mexico, respectively). The first of these events takes place the day…
Staying in the Black on Black Friday Requires Careful Supply Chain Planning. According to the International Council of Shopping Centers (ICSC), customer enthusiasm for Black Friday shopping is up 8% this year, and spending is expected to increase by 4% overall. Black Friday is fast approaching, with its younger sibling, Cyber Monday, as the two highest…
According to FM Global, a commercial property insurer, these are six facets of the current supply chain crisis that exemplify threats to business resilience: 1. COVID-19 – The pandemic has disrupted demand (as consumers have hunkered down) and product supply (as factories have suspended production), setting up a bullwhip effect of supply and demand mismatches. Takeaway: Although…
A new Gartner study showed that supply chain jobs increased during the pandemic which resulted in many women increasing their representation in organizations. The number of women holding supply chain jobs has increased. A survey, The Women in Supply Chain Survey 2021 by Gartner and AWESOME, which interviewed 223 supply chain organizations from February through…
In a study done earlier this year by APQC that looked into workforce planning processes, the organization found that while the majority of organizations (89%) have integrated workforce planning with business planning it’s not always successful. While 54% of organizations report that their workforce planning is highly effective, the remaining 46% report it is moderately or less…
