Tag: Supply Chain

Durban's port may soon get a revamp, but it needs to learn from the best in the world. During President Cyril Ramaphosa’s State of the Nation address in February he assured the nation that Transnet was “currently focused on improving operational efficiencies” at the country’s ports, “through procuring additional equipment and implementing new systems to reduce congestion”.

As digital transformation increases at a dizzying pace, digital supply chain (DSC) management has become a business necessity. Software estates are ever-increasing, contracts and licences are becoming more complicated, and preventing wastage is more challenging than ever.

The world’s population is predicted to grow to more than 9 billion by 2050 and the Food and Agriculture Organization (FAO) estimates that we will need to produce 60% more food to feed everyone, a huge increase that will undoubtedly take its toll on the planet.

In 2021, the global procurement as a service market was valued at approximately US$ 6.3 billion. Given that the market has a projected compound annual growth rate of 7% for the next 10 years, experts forecast that the market is likely to reach a valuation of US$13.3 billion by the end of 2032.

Over the past few years, the world has seen a massive wave of digital advancement – especially in the wake of the COVID-19 pandemic. The ways in which we engage with others and our work have been permanently altered. Digital innovation has become a real necessity.

Nearly three quarters (73%) of CEOs believe global economic growth will decline over the next 12 months, according to our 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022.

Since the COVID-19 pandemic the world has been affected by many events that are now the new normal and businesses will now have to make strategic changes to the way they operate. These events are geo-political - the Russia-Ukraine war; logistical - supply-chain bottlenecks; economic - high energy prices, demand supply issues - global commodities pressures and chip shortages, rising inflation and possible recession.

Embracing innovation, and rethinking service capabilities – these are part of a vast realm of possibilities that have been opened across Africa through adoption of e-commerce, and for tech start-up companies, the opportunities are endless. 

If globalisation was powerful for disinflation, de-globalisation is the reverse. We have reached peak globalisation. The world has reached the limits of economic and political integration. The result is the partial reversal of one of the most important deflationary forces at play in global economies.

Which are the main factors driving the possibility that a company and its board of directors may be sued by investors or other stakeholder groups in 2023? A poor financial performance or even insolvency amid economic uncertainty and the prospect of a global recession, a lack of robust cyber security and governance processes, or an inadequate or non-compliant response to environmental, social and governance (ESG) issues are among the key risk trends in the Directors and Officers (D&O) insurance space