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Snapshot report - Sustainability in TruckingJennifer Wong
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The range of exposures facing directors and officers (D&Os) – as well as the resultant claims scenarios – have increased significantly in recent years.
With corporate management under the spotlight like never before, Allianz Global Corporate & Specialty (AGCS) experts provide both a reflection of the current state of the D&O insurance market and also point the lens forward to five mega trends which lie ahead, impacting risk managers, their D&Os and their broker partners.
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Counterfeiting and Semiconductor Value Chain Economics - COG 2013, Mr. Rory KingIHS
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Raportul PricewaterhouseCoopers (PwC) cu tendinte si recomandari referitoare la modul in care companiile isi raporteaza performantele de sustenabilitate
EY Insurance Business Pulse, 2013-2015 – exploring the top 10 risks and oppor...EY
Key findings:
• Companies are renewing customer focus to meet demand — one individual at a time
• Flexibility must be built into all aspects of the business to achieve cost competitiveness
• Regulation could lead to more effective risk management and help bolster stakeholder confidence in the industry
For further information visit: http://www.ey.com/GL/en/Industries/Financial-Services/Insurance/Business-Pulse--top-10-risks-and-opportunities-2013-15
Top Safety News for July 2016
• Free employer toolkit to promote seat belt use - and reduce costs
• How to improve skin safety in the workplace
• Seven safety program essentials
• OSHA fines top $5 million in June
• 2,600+ new safety signs and labels at ComplianceSigns.com
The range of exposures facing directors and officers (D&Os) – as well as the resultant claims scenarios – have increased significantly in recent years.
With corporate management under the spotlight like never before, Allianz Global Corporate & Specialty (AGCS) experts provide both a reflection of the current state of the D&O insurance market and also point the lens forward to five mega trends which lie ahead, impacting risk managers, their D&Os and their broker partners.
The fifth edition of the World Insurance Report from Capgemini and Efma looks at how insurers are focusing their efforts on operational efficiency and effectiveness to protect and grow margins, even when demand is slow to increase. The report offers insights into how leading insurers are refocusing efforts to reduce both cost per policy and total cost of ownership, and acting to improve the operational efficiency of their business processes.
Top Safety News This Month:
• New FAQ answers questions on NFPA 704
• New safety resources aim to reduce truck driver deaths
• Five elements every Lockout / Tagout program needs
• OSHA fines top 3.7 million in February
• Seven steps to better safety communication
These exhibits from the first chapter of the 10th Bay Area Economic Profile, published in 2018, lay out the top-level economic data on the robust and highly-productive regional economy.
A white paper authored by the Benesch law firm, based on a national survey conducted by Benesch and the National Tank Truck Carriers and Ohio Trucking Association. The white paper outlines the ways in which the shale boom in the U.S. has and will continue to change trucking in this country. In short, the increase in shale drilling has lead to an increase in trucking--a positive sign of economic growth for the future.
Counterfeiting and Semiconductor Value Chain Economics - COG 2013, Mr. Rory KingIHS
Supply Chain Risk Insight into Market Sense and Respond Actions of Counterfeiters
Rory King
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Counterfeit parts have proliferated dramatically in recent years, presenting huge challenges for electronics manufacturing and specifically military and aerospace application. This session will offer unique new market trends, observations, and best practices on the issue of economics, semiconductor value chains, obsolescence, counterfeit electronics, and market impacts such as fact-based insight into market indicators like correlation among counterfeits, semiconductor factory utilization, component obsolescence, semiconductor availability, price volatility, and supply-and-demand equilibrium.
Counterfeiting is not a new term for electronic industry as counterfeit electrical and electronic products now occupy second place after pharmaceuticals estimated to range anywhere between US$11 billion to $20 billion worldwide
every year. However, counterfeit electronic parts have been much in the public eye in recent weeks. On March 28, 2014 one of Indian Air Force Aircraft (C-130J Super
Hercules) crashed near Gwalior city killing five crew members. There were controversial news reported
in media about the counterfeit electronics being the reason for C-130J air crash. Over the past several years the electronics industry has seen a marked increase in the
availability of counterfeit electronic components. Counterfeiters have attacked every commodity of electronics, from simple components such as capacitors,
to complex integrated circuits such as microprocessors. In expensive commercial devices, as well as high cost military components, have seen counterfeiting on the rise. This article highlights the serious risk, its impact and the possible proactive steps that can be taken to curb this menace.
The HRC Foundation Corporate Equality Index criteria serve as a road map for major U.S. businesses’ adoption of inclusive policies, practices and benefits for LGBT employees. Launched in 2002, the CEI is the nationally recognized benchmarking report for businesses to gauge their level of LGBT workplace inclusion against competitors.
Wolfgang Essentials 2016 - Constantin Gurdgiev - The Online EconomyWolfgang Digital
On June 10th 2016, Wolfgang Digital held their annual marketing event in The Foundry, at Google in Dublin. One of the speakers was the renowned economist Constantin Gurdgiev, who spoke on a couple of different topics relating to The Online Economy during part one of the event. These are his slides.
Raportul PricewaterhouseCoopers (PwC) cu tendinte si recomandari referitoare la modul in care companiile isi raporteaza performantele de sustenabilitate
EY Insurance Business Pulse, 2013-2015 – exploring the top 10 risks and oppor...EY
Key findings:
• Companies are renewing customer focus to meet demand — one individual at a time
• Flexibility must be built into all aspects of the business to achieve cost competitiveness
• Regulation could lead to more effective risk management and help bolster stakeholder confidence in the industry
For further information visit: http://www.ey.com/GL/en/Industries/Financial-Services/Insurance/Business-Pulse--top-10-risks-and-opportunities-2013-15
#KPMG Manufacturing outlook 2014. #SCM transparency, cost insight and supply chain integration is main focus for global manufacturers. Development of S&OP will help to achieve these goals.
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Supply Chain & Labor Top List of Risks in Manufacturing Industry - BDO USA Report
1. Supply Chain & Labor Top List of Risks in Manufacturing
Industry - BDO USA Report
CHICAGO--(BUSINESS WIRE)--The manufacturing industry is poised for growth in 2014. Still, the
second annual BDO USA, LLP analysis of risk factors listed in the most recent 10-K filings of the
largest 100 publicly traded U.S. manufacturers found that they will contend with a number of
challenges as they work to capitalize on an improving economy and increased capital spending.
Chief among them is working to achieve a secure and efficient supply chain, a risk cited by 100
percent of manufacturers this year, up from 83 percent in 2013. Manufacturers are increasingly
concerned about forecasting errors which could lead to backlogs or shortages, as well as quality
issues they may encounter with suppliers. Moreover, 88 percent of manufacturers note risks related
to natural disasters, which could cause transportation breakdowns and significant delays.
Significant concerns over additional exposures caused by the global nature of supply chains are
fueling the reshoring trend in the manufacturing industry. But according to the 2014 BDO
Manufacturing RiskFactor Report, manufacturers are contending with a number of U.S. labor
challenges. In fact, labor was cited by 97 percent of manufacturers as a risk this year, up notably
from 2013 (75 percent). The manufacturing workforce is being squeezed as growth fuels more
demand for workers and a greater number of baby boomers are retiring. Moreover, the skills gap
among prospective workers is leaving available jobs unfilled.
"Growth in the economy and an increase in capital spending is excellent news for the manufacturing
industry," said Howard Sosoff, Manufacturing & Distribution practice leader at BDO USA, LLP. "But
with greater opportunity comes greater challenges. Manufacturers will face intense competition this
year as they work to attract new orders and workers and expand their capabilities."
The following chart highlights the top 20 risk factors cited by the 100 largest U.S. manufacturing
companies:
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2014
Rank
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2. Â
2014
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2013
#1
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U.S. and Foreign Supplier/Vendor Concerns
and Distribution Disruptions
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100%
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83%
#2
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Federal, State and/or Local Regulations
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7. Natural Disasters, Terrorism and Geo-Political Events
Â
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88%
Â
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68%
#12
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Environmental Laws, Regulations & Liability
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87%
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86%
#12t
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Changes to Accounting Standards and Regulations
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10. Â
57%
#18
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Ability to Innovate to Meet Changing Customer Needs
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78%
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69%
#18t
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Privacy Concerns Related to Security Breach
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78%
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64%
11. #20
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Restrictive International Trade Policies
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77%
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66%
t indicates a tie in the risk factor ranking
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Further findings in the 2014 BDO Manufacturing RiskFactor Report:
Conflict Mineral Disclosure Drives Regulatory Risks. Manufacturers also report significant
challenges when it comes to regulation. Nearly all (99 percent) cite federal state or local regulation
as a risk factor and 87 percent note concern over accounting standards and regulations, up from 66
percent in 2013. Manufacturers point to the June 2nd deadline to file disclosures about the use of
conflict minerals as a key compliance challenge which could prove costly to their business. In
addition, an increased focus on internal controls by auditors and regulators is putting added
pressure on manufacturers.
M&A Risks Rise Amid Increased Competition. Growth in the manufacturing industry is also leading
to fierce competition for resources, workers and speed to market. Ninety-four percent of
manufacturers cite competition and consolidation as a risk this year, and as seen by the recent
Hillshire Farms and Pinnacle deal in the food processing industry, many are turning to acquisitions
to gain an edge. More manufacturers (89 percent, up from 80 percent in 2013) cite risks related to
mergers and acquisitions, a sign that many are looking outside their company to gain access to new
technologies, IP, products and distribution channels to improve their market position.
IP Protection Heightens Data Security Risks. High profile data breaches have businesses in all
industries on edge. According to Verizon, the manufacturing industry accounted for less than one
percent of security incidents in 2013, but nearly one-in-four of those incidents involved data loss.
12. While manufacturers store less consumer data than their customers in the retail industry, the
protection of intellectual property is crucial, and any loss could threaten manufacturers' ability to
compete effectively. As a result, 78 percent of manufacturers cite risks related to data security this
year, up from 64 percent in 2013. Moreover, the protection of intellectual property and rising
concerns over security are also likely contributing to the increase in manufacturers citing litigation
risks (79 percent, up from 57 percent in 2013).
The 2014 BDO Manufacturing RiskFactor Report examines the risk factors in the most recent 10-K
filings of the largest 100 publicly traded U.S. manufacturers across five sectors including fabricated
metal, food processing, machinery, plastics and rubbers, and transportation equipment. The factors
were analyzed and ranked by order of frequency cited.
About BDO
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance,
tax, financial advisory and consulting services to a wide range of publicly traded and privately held
companies. For more than 100 years, BDO has provided quality service through the active
involvement of experienced and committed professionals. The firm serves clients through 52 offices
and more than 400 independent alliance firm locations nationwide. As an independent Member Firm
of BDO International Limited, BDO serves multi-national clients through a global network of 1,264
offices in 144 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International
Limited, a UK company limited by guarantee, and forms part of the international BDO network of
independent member firms. BDO is the brand name for the BDO network and for each of the BDO
Member Firms. For more information please visit:Â www.bdo.com.
http://www.businesswire.com/news/home/20140527005095/en/Supply-Chain-Labor-Top-List-Risks-M
anufacturing