Market Intelligence news desk

IT Platforms, Models That Will Transform Technology Procurement in 2017

Changes in the IT and Telecom space are happening at breakneck speed, and forestalling developments in the sector can be challenging. With huge investments being pumped into research by the industry, we could be witnessing the advent of new platforms that deliver a whole new level of value and opportunities.

Will Engineering and Procurement Spend See an Uptick in 2017?

Last year the landscape for engineering, procurement, and construction (EPC) companies was mired in complexities in projects, rising costs and visible risk, due to low oil and natural gas prices. Demand in the EPC sector had fallen significantly due to a sudden collapse in oil prices in 2015. Commodity prices had also tumbled with a slowdown in the Chinese economy, which had been a major driver of global activity and infrastructure projects for about a decade.

The Advent of Boutique Consulting Firms

Have you ever considered a job that paid $20,000 per consultation for being an “expert” at understanding the career and professional goals of your millennial peers? Well, that’s what consultants from a new area called “intergenerational consulting” are being paid today. Their clientele includes leading multi-national firms such as Coca-Cola and Time Warner, technology firms such as Oracle, and leading Wall Street banks such as Goldman Sachs and J.P Morgan. They all sought help to stem the erosion of millennial employees who wanted careers that would bring meaningful impact to clients and avoid the drudgery of routine work.

HR Services: Category Trends for 2017

While the emergence of people analytics is set to be a game changer in HR services in 2017, decision makers within HR departments will be at loggerheads to identify the right mix of talent, keep up with changing workforce demographics and introduce innovative methods in keeping their existing workforce motivated and engaged.

Rising Concerns Around Lack of International Consensus on Climate Change

Rapid changes in weather patterns could lead to severe drought situations and water crises, which in turn could spark geopolitical and societal risks like mass involuntary migration and local or regional unrest. Ineffective management of the earth’s shared natural resources such as the atmosphere, high oceans etc. could have far-reaching local and global consequences.

Effective Reverse Logistics for Managing Increasing Apparel Returns

Returns of retail merchandise have grown by 66% in the past five years, supported by a steep increase in e-commerce. US apparel sales through e-commerce grew by staggering 19.7% in 2015, compared to 1.1% in-store sales. The National Retail Federation reported an average return rate of 11% for apparel retail in 2015, with a 20% increase in returns during the holiday season.

Ocean Freight Trends and Outlook for 2017

The year 2016 was tumultuous for the global shipping industry, as carriers were prone to financial pressures. This was true especially the first three quarters of 2016, due to factors such as freight rates dipping to their lowest levels since 2009, M&A, new alliances and the Hanjin bankruptcy, one of the largest container shipping bankruptcies in history. In 2017, however, ocean freight rates are forecast to increase due to factors such as supplier consolidation, increase in bunker prices and slower capacity growth. However, we believe that ocean freight rates will remain moderate due to the uncertain global economic environment.

Marketing Automation in the Health Care Industry

As defined by Marketing Automation Times, marketing automation is a subset of customer relationship management software that focuses on the definition, scheduling, segmentation and tracking of marketing campaigns. Marketing automation is not merely being able to send programmed emails or scheduling social media posts. Rather, it is about enabling a healthcare giver or pharmaceutical company to design an entire network of relationships with its customers in an automated way.

How Procurement Can Capitalize on Lower Commodity Prices in 2017

As projected by several global industry reports, 2017 is likely to see muted economic growth, which will have a direct impact on worldwide commodity prices. With growing concerns around trade relations between the United States and China, the global energy demand will not witness significant growth. In fact, if the U.S.

US Manufacturing – A Revival at the Cost of Global Trade

With less than a month in office, the Trump administration has already made significant policy changes, first of which was an executive order pulling the US out of the Trans-Pacific Partnership deal. This will impact trade in Asia and throw further doubts over the future of the 12-nation Trans-Pacific Partnership Agreement.

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