Welcome to the July edition of Industry Insights for Consumer Products and Retail.
On a monthly basis we dive in to the latest trends and topics. Our team has curated industry news, insights and resources to help you and your team keep forging ahead in 2021.
It’s been more than a year since a historic global pandemic changed the way companies operate in the near-term and very likely for the long-term future. We can see the impact on numerous fronts — certainly including the time, costs and efforts organizations are investing in their Sarbanes-Oxley compliance activities. And for certain companies, the use of technology and automation rose to the forefront as a key advantage.
Source: Retail Leader
Let’s Have an Honest Conversation About Supply Chain ESG
Organizations have been feeling pressure from investors, consumers and other stakeholders to embrace sustainable business practices and focus on environmental, social and governance (ESG) issues for some time. And although ESG issues are not yet a reporting requirement, there are signs that this is changing.
It’s Time for Finance to Get Comfortable With Advanced Data Analytics
Data analytics have long been employed by CFOs and finance organizations to help manage familiar finance and accounting activities. But digital transformation and changing markets, together with rising expectations from boards and executive management, call for new approaches focused on more advanced data analytics.
E-Commerce Boom Heightens Privacy Risks, Creates Opportunity for Retailers to Enhance Data Practices
Consumers view respect for privacy as a core value of the brands with which they seek to do business. They consider the way their private data is managed to be a reflection of how they are treated as customers and they expect consumer products and retail organizations to exhaust all means to protect their personal information.
Preparing for a Dynamic Post-Pandemic Fraud Landscape
From the onset of the pandemic in 2020, law enforcement agencies and regulators began to send warning signals about the steady rise in fraud cases. Although the health crisis might be easing, the fraud landscape remains dynamic, prompting these questions: What can companies expect relating to fraud and regulatory oversight in the post-pandemic environment? What will the new normal look like?
What Do Thriving Organizations Have in Common? Business Agility
The Digital Age is forcing businesses to seek new ways to avoid falling behind and better serve their customers. Business agility enables organizations to respond quickly to market changes and employee or customer demands without compromising quality.