Tom Seal, research director at Procurement Leaders, told this year’s World Procurement Congress (WPC) that we define successful risk-aversion by using a “nothing went wrong approach”. Why is this relevant? Because micro-risks – if poorly managed – can easily mount up, costing businesses millions as a result.
The velocity of change has not been felt more than in Tesla, the innovative electric car manufacturer that itself is disrupting the automotive industry. Peter Carlson, former CPO at Tesla, outlined the approach of a company led by revolutionary thinker Elon Musk.
With an influx of cheaper methods of transport becoming available it seems only inevitable that business travellers and their companies will look to take advantage of those lower prices offered by the likes of Uber and Airbnb.
In this post Phil Bulman, managing consultant at Vendigital, shares his thoughts on what impact the Modern Slavery Act is having on supply chains and what needs to be done to make it even more effective.
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