Blockchain has the potential to transform the supply chain and disrupt the way goods are produced, marketed, purchases and consumed. Learn how blockchain can address multiple retail and supply chain challenges, including counterfeit prevention; stolen merchandise recovery; fraudulent transactions; insurance and theft protection; and intellectual property and rights management.
Blockchain is constantly revolutionizing various industries, and supply chain is one of the major ones. Many companies are already using blockchain in supply chain to reap the benefits of blockchain technology. But why is it necessary to use blockchain for supply chain management?
At the moment, the supply chain industries deal with a lot of issues. Among them, rapid changes in the market, issues with compliance and quality, lack of transparency, increasing corruption, high costs, etc., are prominent problems. This is where blockchain steps in.
Using blockchain in supply chain management comes with its fair share of benefits - peer-to-peer transaction settlement, audit transparency, tracking products, and consumer feedbacks, accurate costing info, better shipping data, etc. In fact, there are already many blockchain supply chain projects live at the moment working perfectly.
We at 101 Blockchains are driven to help you educate on blockchain technology with high-quality courses and certifications. Therefore, we offer specific courses geared to supply chain management as well. At present, we have two prominent courses that can help you understand the concepts better - Enterprise Blockchains and Supply Chain Management Course and Enterprise Blockchains and Trade Finance Course.
Learn more about these courses from here ->
https://academy.101blockchains.com/courses/blockchain-and-scm
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
Other than these, we have certification courses to help you become a skilled professional in no time. Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Blockchain in Supply Chain Management By Prashant Prashant Pandey
A blockchain is a distributed, digital ledger. The ledger records transactions in a series of blocks. It exists in multiple copies spread over multiple computers, which are also called nodes. The ledger is secure because each new block of transactions is linked back to previous blocks in a way that makes tampering practically impossible Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage
Blockchain: all assets digitized and registered to blockchains; instantaneously transactable on a global basis
Blockchain Supply Chain: all assets exist in digital inventories, tradeable (pledgeable, financeable) and more importantly, findable, in the global digital network economy
Blockchain with IoT's in the supply chain can make SCM process as easier. Just using the micro IoT's chip to monitor the movement of products and use of blockchain to store the tracking records can provide proper supply chain management. This could also increase product usage and demand.
The use of blockchain technology is being adopted by more and more industries.
Thus, many companies (many of them known) are already using it in order to offer greater transparency and security to their customers, as well as to have greater control over the supply chain.
How to Apply Blockchain to Supply-Chain ManagementFluence.sh
Today, supply chains are inherently complex. They sometimes face difficulties in terms of cost, speed, or quality. Still, the benefits of the supply-chain system are obvious, and there are certain ways to improve its efficiency with the blockchain technologies.
Blockchain technology and logistics managementJayakumar PP
Basic understanding of Blockchain Technology. Give special focus to the application of blockchain in Logistics Management and Supply chain. It covers the following topics
Introduction to the blockchain, The current situation in the logistics industry, The Blockchain technology - the paradigm shifter in logistics, Block Chian Technology - Explain technology aspects and features, Basics on Blockchain security, Blockchain capabilities and its advantages to the logistics industry, Value-added to the industry, Implementation challenges, Finally with the conclusion and one best practice with ship chain company.
Blockchain is constantly revolutionizing various industries, and supply chain is one of the major ones. Many companies are already using blockchain in supply chain to reap the benefits of blockchain technology. But why is it necessary to use blockchain for supply chain management?
At the moment, the supply chain industries deal with a lot of issues. Among them, rapid changes in the market, issues with compliance and quality, lack of transparency, increasing corruption, high costs, etc., are prominent problems. This is where blockchain steps in.
Using blockchain in supply chain management comes with its fair share of benefits - peer-to-peer transaction settlement, audit transparency, tracking products, and consumer feedbacks, accurate costing info, better shipping data, etc. In fact, there are already many blockchain supply chain projects live at the moment working perfectly.
We at 101 Blockchains are driven to help you educate on blockchain technology with high-quality courses and certifications. Therefore, we offer specific courses geared to supply chain management as well. At present, we have two prominent courses that can help you understand the concepts better - Enterprise Blockchains and Supply Chain Management Course and Enterprise Blockchains and Trade Finance Course.
Learn more about these courses from here ->
https://academy.101blockchains.com/courses/blockchain-and-scm
https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance
Other than these, we have certification courses to help you become a skilled professional in no time. Learn more about these courses from here ->
Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification
Certified Enterprise Blockchain Architect (CEBA) course
https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect
Certified Blockchain Security Architect (CBSE) course
https://academy.101blockchains.com/courses/certified-blockchain-security-expert
Blockchain in Supply Chain Management By Prashant Prashant Pandey
A blockchain is a distributed, digital ledger. The ledger records transactions in a series of blocks. It exists in multiple copies spread over multiple computers, which are also called nodes. The ledger is secure because each new block of transactions is linked back to previous blocks in a way that makes tampering practically impossible Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage
Blockchain: all assets digitized and registered to blockchains; instantaneously transactable on a global basis
Blockchain Supply Chain: all assets exist in digital inventories, tradeable (pledgeable, financeable) and more importantly, findable, in the global digital network economy
Blockchain with IoT's in the supply chain can make SCM process as easier. Just using the micro IoT's chip to monitor the movement of products and use of blockchain to store the tracking records can provide proper supply chain management. This could also increase product usage and demand.
The use of blockchain technology is being adopted by more and more industries.
Thus, many companies (many of them known) are already using it in order to offer greater transparency and security to their customers, as well as to have greater control over the supply chain.
How to Apply Blockchain to Supply-Chain ManagementFluence.sh
Today, supply chains are inherently complex. They sometimes face difficulties in terms of cost, speed, or quality. Still, the benefits of the supply-chain system are obvious, and there are certain ways to improve its efficiency with the blockchain technologies.
Blockchain technology and logistics managementJayakumar PP
Basic understanding of Blockchain Technology. Give special focus to the application of blockchain in Logistics Management and Supply chain. It covers the following topics
Introduction to the blockchain, The current situation in the logistics industry, The Blockchain technology - the paradigm shifter in logistics, Block Chian Technology - Explain technology aspects and features, Basics on Blockchain security, Blockchain capabilities and its advantages to the logistics industry, Value-added to the industry, Implementation challenges, Finally with the conclusion and one best practice with ship chain company.
Blockchain Supply Chain : Supply Chain Blockchain Use CasesLeewayHertz
By enabling transparency across the involved parties in the supply chain blockchain, the blockchain establishes the trust level which has been challenging for the last many years.
With Supply Chain blockchain, you know who you are trading with, where the product has been originated from, who refined it and if the payment is fair or not.
Blockchain in Banking, Business and BeyondMichael Novak
An introduction to Blockchain, Smart Contracts, and use cases in industries such as Digital Identification, eCommerce, Healthcare, Government, and Finance.
An introduction to Blockchain and covering :
-Blockchain vs cryptocurrency
-Bitcoin vs Ethereum
-Real life and industrial examples
-Business example
-Benefits & challenges
Innovation in logistics and supply chain management blockchainsAinsley Brown
In the simplest of terms, blockchain is just a new form of decentralized database. But what is its connection to logistics and supply chain management? The very function of blockchain technology tells the story.
It's a shared ledger for recording the history of transactions - that cannot be altered. Blockchains are ledgers (like Excel spreadsheets), but they accept inputs from lots of different parties. The ledger can only be changed when there is a consensus among the group. That makes them more secure, and it means there's no need for a central authority to approve transactions.
You can think of blockchain as the “internet of value.” It’s a real-time ledger of anything that can be recorded (financial transactions, contracts, physical assets, supply chain info, etc.) but there is no one person or organization in charge of the entire chain. In fact, it’s open and everyone in the chain can see the detail of each record—what’s known as a block.
Since blockchains can be effectively tracked through all processes, companies using blockchain technology will be able to more readily produce detailed information about a product’s lifecycle, including supplier information, manufacturing details and logistics information.
¿En qué aspectos la Blockchain podría ser útil en los procesos, productos, información y flujo de efectivo de cadenas globales de suministro? El 90% de los productos en el comercio internacional se mueven por mar.
- Trazabilidad de los productos
- Resolución de controversias
- Integridad y seguridad de la mercancía
- Cumplimiento
Paper de Yanling Chang, Eleftherios Iakovou y Weidong Shi
Blockchain - Use Cases. Typical existing Blockchain Domain projects by Industries Presentation by Andrew Darley, Industry Sales Leader Europe IBM Cloud. Held at Watson Sweden Summit 2017.
Overview Of Blockchain Technology And Architecture Powerpoint Presentation Sl...SlideTeam
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty two slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Overview Of Blockchain Technology And Architecture Powerpoint Presentation Slides complete deck. https://bit.ly/3cJ7GmX
A blockchain is essentially a distributed database of records or public ledger of all transactions or digital events that have been executed and shared among participating parties. Each transaction in the public ledger is verified by consensus of a majority of the participants in the system. And, once entered, information can never be erased. The blockchain contains a certain and verifiable record of every single transaction ever made. To use a basic analogy, it is easy to steal a cookie from a cookie jar, kept in a secluded place than stealing the cookie from a cookie jar kept in a marketplace, being observed by thousands of people. In the report, it distinguishes between multiple types of blockchains and explains the two biggest platforms, namely Bitcoin and Ethereum. While introducing those two platforms we explain the most important technology and algorithms used such as proof of work concept. Some of the security issues and solutions are also covered. We conclude with some concrete Ethereum based applications that demonstrate the usage of blockchain technology beyond cryptocurrency and illustrate current developments in this field.
Blockchain Supply Chain : Supply Chain Blockchain Use CasesLeewayHertz
By enabling transparency across the involved parties in the supply chain blockchain, the blockchain establishes the trust level which has been challenging for the last many years.
With Supply Chain blockchain, you know who you are trading with, where the product has been originated from, who refined it and if the payment is fair or not.
Blockchain in Banking, Business and BeyondMichael Novak
An introduction to Blockchain, Smart Contracts, and use cases in industries such as Digital Identification, eCommerce, Healthcare, Government, and Finance.
An introduction to Blockchain and covering :
-Blockchain vs cryptocurrency
-Bitcoin vs Ethereum
-Real life and industrial examples
-Business example
-Benefits & challenges
Innovation in logistics and supply chain management blockchainsAinsley Brown
In the simplest of terms, blockchain is just a new form of decentralized database. But what is its connection to logistics and supply chain management? The very function of blockchain technology tells the story.
It's a shared ledger for recording the history of transactions - that cannot be altered. Blockchains are ledgers (like Excel spreadsheets), but they accept inputs from lots of different parties. The ledger can only be changed when there is a consensus among the group. That makes them more secure, and it means there's no need for a central authority to approve transactions.
You can think of blockchain as the “internet of value.” It’s a real-time ledger of anything that can be recorded (financial transactions, contracts, physical assets, supply chain info, etc.) but there is no one person or organization in charge of the entire chain. In fact, it’s open and everyone in the chain can see the detail of each record—what’s known as a block.
Since blockchains can be effectively tracked through all processes, companies using blockchain technology will be able to more readily produce detailed information about a product’s lifecycle, including supplier information, manufacturing details and logistics information.
¿En qué aspectos la Blockchain podría ser útil en los procesos, productos, información y flujo de efectivo de cadenas globales de suministro? El 90% de los productos en el comercio internacional se mueven por mar.
- Trazabilidad de los productos
- Resolución de controversias
- Integridad y seguridad de la mercancía
- Cumplimiento
Paper de Yanling Chang, Eleftherios Iakovou y Weidong Shi
Blockchain - Use Cases. Typical existing Blockchain Domain projects by Industries Presentation by Andrew Darley, Industry Sales Leader Europe IBM Cloud. Held at Watson Sweden Summit 2017.
Overview Of Blockchain Technology And Architecture Powerpoint Presentation Sl...SlideTeam
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty two slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Overview Of Blockchain Technology And Architecture Powerpoint Presentation Slides complete deck. https://bit.ly/3cJ7GmX
A blockchain is essentially a distributed database of records or public ledger of all transactions or digital events that have been executed and shared among participating parties. Each transaction in the public ledger is verified by consensus of a majority of the participants in the system. And, once entered, information can never be erased. The blockchain contains a certain and verifiable record of every single transaction ever made. To use a basic analogy, it is easy to steal a cookie from a cookie jar, kept in a secluded place than stealing the cookie from a cookie jar kept in a marketplace, being observed by thousands of people. In the report, it distinguishes between multiple types of blockchains and explains the two biggest platforms, namely Bitcoin and Ethereum. While introducing those two platforms we explain the most important technology and algorithms used such as proof of work concept. Some of the security issues and solutions are also covered. We conclude with some concrete Ethereum based applications that demonstrate the usage of blockchain technology beyond cryptocurrency and illustrate current developments in this field.
Financial Services: exchanges, settlements, payments and embedded financeEY
Blockchain technology has been a transformational technology in the world of finance, and financial institutions have been investing and experimenting heavily. Learn what has been effective, how to move from a technology-first approach to focusing on business solutions and what future products the technology enables that will change the shape of finance.
There's a lot of buzz around Blockchain, Is Blockchain the next” Big Thing" in the IT industry? It certainly looks to have a huge impact in finance, but it could also have far reaching effect in many other industries as well
Blockchain in Media. Description of blockchain and smart contracts. Presented Media pain points and possible solutions. Peeped into various frameworks built on Hyperledger fabric and ethereum for media
Blockchain applications demand standard testing such as functional performance, integration, and security testing. In addition, testing teams must have these specialized testing capabilities including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities.
Organizations are looking for secure and robust platforms to transparently share the information and build absolute trust for the end user.
Blockchain can help organizations maintain transparency through Decentralization with added security.
Adopting Blockchain can have certain challenges such as high energy consumption, integration issues, privacy and security issues.To overcome these challenges blockchain testing is important to implement
Using blockchain to get ahead of the game: Creating trust and driving operati...Accenture Insurance
The rise of blockchain promises to bring disruption to commercial insurance by fundamentally reshaping principles and processes that have governed the industry since the 17th century. Blockchain offers a more efficient alternative to the processes the insurance industry developed as an answer to the absence of mutual trust between affected parties and a lack of end-to-end transaction transparency.
In this report we address how blockchain can create trust and drive operational excellence, and we assess its wider implications for commercial insurance brokers.
The Blockchain Imperative: The Next Challenge for P&C CarriersCognizant
Blockchain, a universal ledger and data-storage platform, can help P&C carriers address some of their most critical business challenges and significantly alter the way they operate. Although the technology has yet to achieve widespread adoption in the insurance space, the time is ripe for carriers to begin thinking about, exploring and experimenting with blockchain.
How Blockchain Can Slash the Manufacturing "Trust Tax"Cognizant
Blockchain-enabled smart contracts, distributed ledgers and immutable records are poised to reduce production costs, drive greater operational efficiencies, and unleash new business opportunities for manufacturers worldwide.
2018 has been a roller-coaster ride for blockchain technology mostly at the hands of cryptocurrencies – blockchain’s main beneficiary. Extreme price volatility, unsuccessful ICOs, fraud, cyber security issues, and negative press around cryptocurrency would have all but killed most emerging technologies. But not blockchain.
Blockchain is entering into a new evolutionary phase with the help of tech giants like IBM, Amazon and Google who recognize the wider applicability of blockchain as a game changer in data storage, commerce, and security. Even cryptocurrency is showing promising signs as it moves out of the domain of overnight Bitcoin millionaires (and more who have lost fortunes when speculating on cryptocurrencies) to risk averse financial heavyweights such as Goldman Sachs and JP Morgan. Like the Internet, e-commerce, social media, and cloud computing before it, blockchain is on a fast track to become a ubiquitous technology.
This is a high level introduction to blockchain for business concepts and its business value. It focuses on what blockchain is, how why it is important and the state of the technology. It covers how business blockchains differ from cryptocurrencies such as Bitcoin.
Similar to Blockchain-enabled supply chain management (20)
The theme for this quarter is momentum meets uncertainty. The upward trend in crude oil, natural gas, LNG and refined product prices that began in Q1 continued into Q2. Crude oil markets began the quarter just below $100/bbl and have closed below that level on only two days since late April. As we begin Q3, there are increasing concerns about the health of the global economy and how that might affect oil and gas demand.
Quarterly analyst themes of oil and gas earnings, Q1 2022EY
Financial questions continued to attract the most attention of the analyst community, with major focus on how companies will respond to the war in Ukraine, elevated commodity prices and improved cash flows. Strategic questions focused on how the changing geopolitical environment will affect capital allocation in the short and long term. Operationally, all eyes were on the capacity of companies to step up asset utilization and bring new projects to market quickly. Explore the latest EY quarterly analysts themes.
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
EY Price Point: global oil and gas market outlookEY
As the last quarter of the second pandemic year draws to a close, we continue to see heightened contrast
between the medical and economic points of view. While COVID-19 cases are close to their all-time highs, so
are equity prices, and a leading investment bank declared (on 2 December, 2021 after the Omicron outbreak in South Africa) that it was “optimistic about the possibility of a vibrant 2022.” When news of the variant hit in
late November, the markets were rocked by the prospect of yet another round of local mobility restrictions and
an interrupted return to normal international travel patterns, on top of the Biden Administration’s announced
release of 50 million barrels of crude from the US Strategic Petroleum Reserve. So far though, with OPEC
standing by its planned gradual return to normal production, oil prices have stabilized, albeit below where they
were in mid-November. Henry Hub prices, always at the mercy of the weather, responded predictably to a
warmer-than-normal early winter in the US, falling from US$6.60/MMBtu in early October to below
US$4.00/MMBtu by mid-December. In Europe and Asia, following a short reprieve at the start of the quarter,
piped natural gas prices have spiked again on concerns triggered by Russian troop buildups on the Ukraine
border and uncertainties surrounding the Nordstream 2 pipeline. Looking forward, OPEC and the U.S. Energy
Information Administration (EIA) in their last forecasts of the year both projected that 2022 oil demand would
be above what we saw in 2019. Although time will tell if those forecasts are realized and other events could
intervene, the response to new virus outbreaks is well-practiced and the trade-off between public health and
economic reality has tipped toward a cautiously optimistic view.
EY Price Point: global oil and gas market outlook, Q2 April 2021EY
The theme for this quarter is governed. Apparent market balance at prices that could be sustainable is the product of calculated choices by market leaders and the cooperation of those who follow them. Economics played their customary role as well, with capital scarcity in North America taking about 2 million barrels per day out of the market, about half of the remaining gap in demand. While inventories are close to their pre-COVID-19 levels, there is still uncertainty. The resolution of the pandemic is in sight, but timing is unclear. Vaccine distribution in the US is having an impact but Europe is struggling to contain a third wave of infections. The taps have opened on economic stimulus, but it remains to be seen if policymakers have done enough or if they have overshot the mark.
The shape of the crude oil forward curve has fundamentally changed since the end of the last quarter. In late December of last year, the Brent forward curve was gradually increasing while today, the curve is backwardated. This is a clear sign that the market sees a short-term dynamic that is disconnected from the medium-to-long-term fundamentals. The lasting impact of the COVID-19 pandemic remains to be seen. While many have opined that COVID-19 marks a turning point in energy transition, the IEA recently released a five-year forecast of oil demand that shows steady growth, albeit at rates that are below historical expectations.
Gas markets are a paradox. At the Henry Hub and at LNG destinations, demand grows, investment lags and prices will occasionally attract attention. Traders, so far though, are unconvinced and futures prices don’t indicate imminent scarcity at any link in the value chain.
EY Price Point: global oil and gas market outlookEY
We enter 2021 on a note of cautious optimism for global health, the world economy, and the oil and gas markets. The first weeks of December brought approval in the US and the UK of the first of several COVID-19 vaccines. The speed with which vaccine development occurred is unprecedented, but certainly welcome. In the weeks following the early November announcement of 90+% effectiveness by the manufacturer of the first approved vaccine, the price of WTI crude oil increased by US$10/bbl to US$48/bbl, the highest level since early March. Sustainability hasn’t returned yet, and whatever time it takes to get the world to normal, it will take even longer for normalization within the oil and gas markets. Inventories remain at historically high levels and, optimistically, it will take until April before inventory returns to levels observed in the preceding five years. That’s an estimate, and there has obviously been some difficulty properly calibrating the expectations of how balance will return and how long it will take. In late November, OPEC met to adjust its output plans because of the anemic rebound in demand. In mid-December, the IEA lowered its demand forecast for 2021 due mostly to continued sluggishness in aviation fuel demand.
A mild winter has interrupted a recovery in North American natural gas prices after a run-up motivated by curtailed capital expenditures, upstream activity and production. After an initial meltdown, with cargo cancellations and dramatic price reversal, LNG markets have made a remarkable comeback, and the spread between Asia and Henry Hub has reached a level we haven’t seen in almost three years. It may be the case that interruption in FIDs has brought us to the cusp of a balance that can support reliable returns.
EY Price Point: global oil and gas market outlook (Q4, October 2020)EY
Oil and gas prices have recovered steadily from their lows and are relatively stable, but that stability is supported by the combination of purposeful withholding of production by oil-producing countries and economic stress on upstream independents. Oil prices closed the quarter roughly where they started it, while refining spreads were down slightly. LNG spreads were substantially higher at the end of Q3 than they were at the beginning of the quarter but are still roughly half of what is generally thought of as sustainable.
Going forward, the market will be looking closely at how the economy and demand respond to new developments with respect to a potential COVID-19 vaccine and the US election.
EY Price Point: global oil and gas market outlookEY
As we close the second quarter of 2020, in most of Europe and Asia, the first (and hopefully last) wave of the COVID-19 crisis appears to be abating. In the parts of the US where the virus hit early, the profile has largely matched Europe’s, while in other parts, the urge to reopen businesses has trumped the desire to contain the virus and uncertainty looms. In the developing world, the crisis has just begun, but without the economic headroom and resources necessary to contain it. As the crisis unfolded, the effect on oil and gas demand has been predictable but difficult to gauge precisely and therefore difficult to manage.
Oil prices have crept up steadily as production has been curtailed through coordinated action (OPEC+) and because of economic reality (unconventional oil in North America). That trend has been subject to momentary spasms when bad news hit the market. It would be understandable if traders were nervous, and it seems that they are. Although nowhere near where it was at the peak of the crisis, option implied volatility is still at historically high levels. Gas markets, without the benefit of coordination on the supply side, continue to deal with the market implications of storage at or near capacity. Interfuel competition in power generation has always provided something of a floor, but those lows have been, and will continue to be, tested.
Zahl der Gewinnwarnungen steigt auf RekordniveauEY
Immer mehr deutsche börsennotierte Unternehmen müssen ihre eigenen Umsatz- oder Gewinnprognosen nach unten korrigieren. Im ersten Quartal stieg die Zahl der Prognosekorrekturen auf ein neues Rekordniveau: Insgesamt 77 Gewinn- oder Umsatzwarnungen wurden registriert.
Die Corona-Krise trifft auch die Versicherungsbranche mit voller Wucht. Die Versicherer rechnen mit weniger Neugeschäft. Jeder Fünfte mit Personalabbau und Prämienerhöhungen.
Liquidity for advanced manufacturing and automotive sectors in the face of Co...EY
With a global economy in crisis due to Covid-19 our liquidity and cash management deck for advanced manufacturing and
mobility companies looks at how these companies should best respond.
IBOR transition: Opportunities and challenges for the asset management industryEY
EY Wealth & Asset Management explores the practical implications and the way forward for the transition to the new risk-free rates. This presentation aims to help asset managers and asset owners explore IBOR transition strategies that are compliant and future-focused.
Fusionen und Übernahmen dürften nach der Krise zunehmenEY
Folgt auf die Corona-Krise ein M&A-Boom? Laut Capital Confidence Barometer von #EY hoffen 40 Prozent der deutschen Unternehmen auf sinkende Bewertungen von Übernahmekandidaten.
EY Price Point: global oil and gas market outlook, Q2, April 2020EY
The first quarter of this year has seen some extraordinary events. As if chronic oversupply, prices stuck below sustainable levels, the looming energy transition, and investor pressure to decarbonize weren’t enough, our industry now faces a dramatic, but hopefully temporary, downturn in demand as a result of the ongoing COVID-19 outbreak.
Our Global Chemical Industry Leader Frank Jenner explores the trends and drivers that will shape the chemical industry of tomorrow in our latest Chemical Market Outlook.
Die Geschäftslage im Mittelstand hat sich leicht verschlechtert, ist in den meisten Branchen aber weiter überwiegend gut - die Einstellungsbereitschaft sinkt.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. Page 1 EY Global Blockchain Summit
Why blockchain for supply chain?
What is supply blockchain management?
Use cases
Journey to the future
Credentials
Agenda
3. Page 2 EY Global Blockchain Summit
Why blockchain for supply chain?
4. Page 3 EY Global Blockchain Summit
Why blockchain for supply chain?
► Blockchains in the financial world
provide what is called “digital
continuity.”
► In supply chain, most exchanges
bring together different parties that
have no reason to trust one
another.
► Blockchains play a key role here and
can help eliminate duplicative and
error-prone transactions — helping
create a digital identity.
Supply chains
Intragroup reconciliations
Interorganization reconciliations
Industry record-keeping
Distributed marketplace
Smart infrastructure Digital identity
5. Page 4 EY Global Blockchain Summit
Blockchain can provide a solution
Technology for sharing
information …
… which allows for
multiple parties …
… whose entries are
verified and, therefore,
trusted …
… forming a public record
visible to all
Multiple owners
Decentralized
Synchronized “real time”
Multiple writers
Verified through mutual
consensus
Trust through design and
rules
Chronological chain of
activity
Not deletable
Structural
features
Common
benefits
… such as the origin and
authenticity of goods …
... including manufacturers,
customers, suppliers ...
... meaning customers can
trust third parties ...
... so all parties have access
to data around a good …
Whatitmeans
forsupply
chain
6. Page 5 EY Global Blockchain Summit
Blockchain opportunities across the supply chain
ecosystem
Planning and forecasting
► Demand forecasting and planning
Supply chain financials
► Carrier payment
► Customer billing
► Driver pay
Visibility
► Control center
► Vendor-managed inventory
(stock-keeping unit)
Execution and operations
► Brokerage and freight forwarding
(international trade)
► Digital bill of lading (BOL)
► Trade compliance
Asset management
► Lease management
► Insurance management
► Maintenance management
Procurement and
manufacturing
► Procurement ecosystem
► Carrier contract management
► Manufacturing ecosystem
ChainofThings
ChainofThings
Raw materials Supplier Manufacturer Distributor Retailer Consumer
7. Page 6 EY Global Blockchain Summit
What is supply blockchain management?
8. Page 7 EY Global Blockchain Summit
Customers are demanding greater trust, supply chain
transparency and auditability.
Could blockchain give us the luxury of a fake-free world?
There are three types of business affected most by counterfeiting
Why blockchain?
Allows brands to show path of a product from raw goods, to manufacturer, to distributor, to retailer, to
consumer and even then to the resale market
1. Brands 2. Retailers 3. E-commerce
platforms
Impacts of counterfeiting
► Loss of revenue, especially resale (10% of sales)
► Loss of market share
► Damage to brand
► Lack of trust from consumers
10. Page 9 EY Global Blockchain Summit
Use case: supply chain product certification
What could blockchain do?
Blockchain-protected supply
chain framework
► The product ledger will hold the key properties of
components, quality, quantity and custody at a given
point in time. These attributes are stored in a secure
infrastructure and can be represented in consumer-
facing applications. It will be readable and linked from
pre-existing data sets.
► Every relevant participant also will be an interested
party in performing a quality assessment, auditing the
network and getting verification from the relevant
performing party. Participants are producers,
manufacturers, registrars, standards organizations,
customers, certifiers and auditors.
Carve supply chain
into the body of the
blockchain
A blockchain solution provides:
► Brand value for products
► Decentralized, the technology-shared
architecture
► Establishment of mutual trustless
trust
Impact:
► Incomprehensible network of
product trace
► Supply chain mass contamination
of products
► Counterfeit parts in product inception
11. Page 10 EY Global Blockchain Summit
Use case: blockchain-powered, industrial Internet of Things
(IoT)
What could blockchain do?
Blockchain can provide secure IoT
digital marketplace
► Blockchain provides secure, machine-to-machine
communication and distribution of smartly
produced data.
► Its decentralized server adds a layer of security to file
storage and transfer, determines roles and
permissions, provides trustless peer-to-peer
messaging, and offers secure and distributed data
sharing and healthy equipment coordination.
► It can facilitate tracking production, distribution and
consumption, and automatically detect problems to
initiate a cost-effective response rapidly.
A blockchain solution provides:
► Safe distribution of smartly
produced data
► Secure transfer of financially
sensitive information
► Automatic installation of service
requests
Impact:
► Data gathered in IoT network is futile
► Centralized cloud infrastructure
► Manual tracking of production,
distribution and consumption
Connect industrial
assets to a protected
and secure digital
marketplace
12. Page 11 EY Global Blockchain Summit
Use case: tracking and traceability of goods
What could blockchain do?
Blockchain can provide information
around the origin of goods
► Blockchain provides an immutable, trusted and
shared record of transaction data.
► With its verifiable and decentralized nature, retailers
and manufacturers can track the origin and location of
a product at any point along the supply chain at any
given time.
► Blockchain could eliminate the burden on one trusted
centralized party when dealing with multiple parties in
multiple jurisdictions that are exchanging multiple
physical goods and multiple documents and
settlements by decentralizing the authority.
A blockchain solution provides:
► Reassurance to customers,
particularly those with requirements,
e.g., kosher and halal
► Helps avoid public relations disasters
► Helps maintain status as an ethical
retailer
Impact:
► Lack of confidence in retailer
► Possibility for contamination
► Potential for mislabelling of goods
Record trail and
screen every
product-trade
transaction
13. Page 12 EY Global Blockchain Summit
Use case: supply chain smart contracts
What could blockchain do?
Blockchain can reduce countless
hours of marketplace research
► Blockchain holds the secure coding of all
documentation related to a particular object —
patent, warranty, provenance, registration, insurance
and inspection certification — which helps in gaining
control of that object.
► With this infrastructure in place, an interested user
can select a car lease option, sign the documents
and record the signed contract in the blockchain,
thereby eliminating the need of third parties to sign
for approval.
► The vehicle itself, being one of the intelligent objects
in the blockchain marketplace, has ability to
diagnose, schedule and pay for its own maintenance
services.
A blockchain solution provides:
► Automatic monitoring of parties
► Secure financial transaction
verification
► Reduced time for research
► Real-time discovery, usability and
payment
Impact:
► Scores of documentation review
► File through to find vacant assets
► Trust centralized in single part for
financial settlements
Protected,
blockchain-enabled
contract engagement
14. Page 13 EY Global Blockchain Summit
Chain of shipping
Situation
In the shipping and logistics industry, the traditional BOL
systems are paper based and highly susceptible to fraud and
inefficiencies.
Problem
A physical BOL is a non-enforceable contract today, as well
as replicable and insecure. It is not easy to share the
document with contract parties and stakeholders. The terms
of the contract aren’t self-executing to trigger an alert via
connected devices when the terms have been breached.
Solution
A BOL is a pivotal document in shipping, for both the
consigner and consignee. A BOL can be digitized on a
blockchain and the terms-of-shipping contract can be
executed in code based on real-time data provided from IoT
devices (smart agents) that are installed on shipping
containers.
Digital BOL
Network of
parties
Trailer
15. Page 14 EY Global Blockchain Summit
Journey to the future
16. Page 15 EY Global Blockchain Summit
Experimentation to implementation
Use case selection Platform selection Advisor selection
► Right representative
► Quick value delivery
► Set stage for revolution
► Unlock growth potential
► Thrust in development
► No compromise to business
► No limitations or less
limitations
► Customizable
► Business network model
► Blockchain and enterprise
experience
► Platform and protocol assessment
► Understand your ecosystem
► Experience to monetize
17. Page 16 EY Global Blockchain Summit
Credentials
18. Page 17 EY Global Blockchain Summit
Challenges
Our client’s procurement organization has compliance issues related to
third-party, pass-through pricing from its raw and packaging (R&P)
suppliers to contract manufacturers.
There are defined instances where a contract manufacturer is directed to
source from a specific suppliers for R&P materials. Our client has already
qualified the source and negotiated pricing, with price breaks aggregating
from total volume usage and specified minimum order quantities. Audits
reveal a lack of adherence to the correct R&P material pricing,
necessitating time-consuming and recurring reconciliation efforts on a
quarterly basis.
Project approach
EY provided the following services to our client in a five-week engagement to
evaluate a blockchain approach for the compliance-related issue.
► Created a working prototype that demonstrates the key features required to
manage a contract manufacturer supply chain in a blockchain environment
► Built a broad business case for helping with the blockchain implementation
across all of our client’s contract manufacturers and other targeted areas within
supply chain
► Documented the methodology design and architecture diagram, as well as
functional requirements
► Built a road map based on the prototype, including next steps for a pilot
expansion into the client’s supply chain
► Provided the code repository and documentation of the developed prototype
Potential improvement – blockchain-enabled approach
► Significant reduction of value leakage across the contract manufacturing and supplier network
► Elimination of the price verification process
► Visibility of transaction across the entire contract manufacturing and supplier network
► Full-cost pass-through of R&P pricing each time
Leading manufacturing company
Blockchain proof of concept
19. Page 18 EY Global Blockchain Summit
Gaurav Malhotra
Principal, Information and Technology Advisory,
Digital and Emerging Technology
Ernst & Young LLP
+1 312 879 4463
gaurav.malhotra1@ey.com
Key contacts
Paul Brody
EY Global Innovation Blockchain Leader
Ernst & Young LLP
+1 415 894 8046
paul.brody@ey.com