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Industry Insights - Consumer Products & Retail

Welcome to the August edition of Industry Insights for Consumer Products and Retail

Every August we find ourselves captivated by the celestial spectacle that is the Perseid Meteor Shower, check the skies for it! Just like meteor showers persist through varying conditions, retail and consumer products companies can thrive amidst uncertainties. This month we shine a light on business resilience and agility, as well as the ongoing journey of internal audit and switching our mindset about procurement.

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Industry Insights - Consumer Products & Retail

Protiviti Spotlight

Employ Business Agility to Increase Speed and Adaptability

Employ Business Agility to Increase Speed and Adaptability

Over the last three game-changing years, organisations learned they had room to improve their agility and adaptability. Many found they could accelerate their digital transformation, particularly when faced with an unprecedented global pandemic and the potential demise of their business. Business agility can help your organisation navigate complex, unpredictable and ambiguous conditions by implementing an operating model that will enable your company to respond quickly to customer and market changes without compromising quality.

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Internal Auditing Around the World

Internal Auditing Around the World — Relevance: One Goal, Multiple Paths

What does it mean for an internal audit function to be relevant? What can internal audit leaders do to increase the relevance of their teams? Consistency, persistence and a strong belief in the value that a highly relevant internal audit function can deliver for the organisation are key characteristics we observed in the CAEs profiled and serve as a good lesson for others making the journey. Read...
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Procurement as a Service Bringing Together Talent and Skills

Podcast | Procurement as a Service: Bringing Together Talent and Skills

In today's environment, companies are making significant adjustments in their operations and, for most, the procurement function is at or near the top of the list. These changes are critical for procurement leaders to navigate and manage as global supply challenges become more complex and organisations continue to grapple with technology, talent and skills shortages. There is a proven solution to...
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Making Supply Chain Agility a Reality

Beyond the Buzzword: Making Supply Chain Agility a Reality

Most supply chain teams recognise the need for genuine agility. Boards, leaders and operations executives alike should look beyond the buzzword by defining, executing and calibrating supply chain agility in concrete terms and actions that reflect the unique needs of their business. Doing so will help keep a lid on costs and enhance the customer experience while yielding opportunities for margin...
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Preparing for Hurricane Season Ensuring Resiliency in the Face of Natural Disasters

Preparing for Hurricane Season: Ensuring Resiliency in the Face of Natural Disasters

Hurricanes can wreak havoc on businesses in various ways. Strong winds, heavy rainfall, storm surges and power outages can disrupt supply chains, damage infrastructure and compromise the safety of employees and customers. Organisations must take proactive measures to safeguard their operations, employees and assets.
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