Market Intelligence news desk

Latest Buzz in the IT Industry

The third quarter of 2017 was unlike any in the recent years. The previous quarter looked pale in comparison to the earlier few, where numerous high dollar value (and unexpected) acquisitions grabbed headlines alongside protectionism measures that evoked mixed feelings.

Supply Management Book of Numbers — What Does “Good” Look Like?

This is a question that we ask ourselves all the time at GEP. We have to know what “good” looks like, because our clients are also asking us this question and, critically for us, paying us to give them the answer.

Of course, there isn’t just one “good.” There are lots of “goods” that apply to the many programs and processes that are the key components of the procurement function.

What’s Buzzing in the Marketing Arena

The world of marketing is undergoing tremendous transformation. In the past quarter, we have witnessed the clarion call of advertisers to increase efficiency of advertising and media buying agencies, and address issues of transparency.

Amidst No-Show Fines, Amazon Business and Brexit – The MRO & Logistics Landscape

The logistics sector has witnessed some sweeping changes in the sea and road freight sector. Overcapacity in the sea freight market has impacted profits of the ocean liners. Another reason impacting profits is the freight forwarders, who often commit to specific requirement to the liners, only to cancel (sometimes) at the last moment.

Hurricane and the Aftermath: What’s Making News in the Chemical Industry?

Apart from the usual volatility concerns plaguing the chemical industry every now and then, Q3 2017 witnessed one of the deadliest hurricanes in U.S. history. Not only did this paralyze normal life but also impacted the chemical industry to a large extent. The short-term damage looks massive and this will affect both the domestic and global markets.

Adoption of Internet of Things in Pharma Manufacturing

Pharmaceutical companies are adopting Internet of Things (IoT) technologies in their manufacturing plants to achieve optimization and improve efficiency of their machines and processes. Earlier techniques for synchronization of data was time-consuming and highly susceptible to human error. Different data formats used in a manufacturing plant for different processes made data access and its interpretation a barrier for effective communication. IoT technologies facilitates standardization within a facility by connecting equipment, networks, and systems to share information across the plant floor.

New in GEP’s Knowledge Bank: A Comprehensive Three-Part Exploration of Digital Procurement Transformation

By now, it’s probably beginning to dawn on most procurement people that sweeping change is on the horizon. A critical mass of emerging technologies is starting to coalesce, disrupting and reshaping industries from transportation to hospitality to manufacturing.

The China Problem

Modern China has always been a country with an isolationist ideology, treating privacy with the utmost concern. The Great Firewall is a perfect example, a virtual security gate barring the likes of Google, Facebook, Twitter etc., thus putting itself in the dark. Once again, China hasn’t failed to disappoint, and with the introduction of a new cybersecurity law, businesses around the globe will face a tough time with even more restrictions.

Impact of Brexit on Supply Chain and Customs

On 23rd June 2016, in a historic referendum held after the UK’s 43-year long marriage with the European Union, 51.9% of the British electorate voted to ‘leave’ the European Union. Britain’s exit from the EU also nullified its membership from the EU’s Single Market Customs Union, an independent trade bloc comprising of EU Member States that eliminates all physical trade barriers between member countries enabling free movement of goods and services across the bloc.

Sustained Decrease in Medical Polymer Prices: Did You Realize Million Dollars In Savings?

Sustained depression in crude oil prices, from $100 per barrel in 2014 to the current level of $50 per barrel, has brought the prices of derived polymers such as Polypropylene (PP), Polyethylene (PE) and others down by an average of 20 to 30 percent.

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