10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three global business risks for 2021 -- all strongly interlinked. Globally, Pandemic outbreak rockets to #2 from #17 and is seen as main cause of business interruption in 2021, followed by Cyber incidents. Companies look to de-risk supply chains and boost business continuity management for extreme events. In Asia Pacific, the top three risks are mirrored although Business interruption swaps places with Cyber incidents, which ranks #1 for the second consecutive year. Market developments (#4), Macroeconomic developments (#8) and Political violence (#10) are all rising global risks. Socioeconomic consequences of the pandemic will bring more insolvencies and likely fuel further civil unrest in 2021. Climate change falls to #9 globally but will be back on the board agenda as a priority in 2021. JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO PAULO/SINGAPORE - Media OutReach - 19 … [Read more...] about Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks
Supply chain management software
BlueScope invested over A$100 million dollars in more than 22 years into R&D to develop Activate coating technology to enhance the lifespan of constructions “We offer the Lysaght solution with a synchronised design and completely non-perforated roof connection. The roof system can move freely, helping to prevent disconnection between clip and cladding while the roof can expand or contract under thermal change. This kind of roofing solution is especially suitable for the Vietnamese climate, eliminating leaks and limiting wind uplift. In addition, we also work with strategic partners to ensure aesthetics, quality, and modern look for projects,” Nhut said. … [Read more...] about What the future holds for logistics industry?
“Supply chains in Southeast Asia are critical to the movement of goods globally and the industry landscape has undergone seismic shifts this year, mainly because of COVID-19. While e-commerce was already on the rise pre-pandemic, changing consumer demands and trends, coupled with added pressures from health and safe distancing measures, have pushed supply chains to new limits. … [Read more...] about More business leaders embrace digital technologies
With unprecedented uncertainty prevailing in our global economy, it is imperative to have a strong investment in a next generation workforce. In fact, a category of waste in lean manufacturing is underutilisation of employees, and the remedy is capitalising on employees’ creativity. By using knowledge to innovate and to solve problems, such waste can be reduced, directly translating to process optimisation and sustainability. … [Read more...] about Visualising success in factories of the future
HCM City (VNA) - Food companies in the southern largest economic hub of Ho Chi Minh City have enough stocks to meet demand during Tet in mid-February, Trieu Do Hong Phuoc, head of the HCM City People’s Council's Committee for Economy and Budget, has said. Municipal authorities have stepped up inspection of food sold at wholesale markets to ensure safety during the festival, he said. Pham Khanh Phong Lan, head of the city’s Food Safety Management Board, said the board would closely monitor food production, processing, distribution, and import-export establishments. This year it plans to set up 20 teams of inspectors to check 8,187 establishments besides carrying out surprise inspections of those suspected of violating safety and hygiene regulations. A delegation from the People's Council’s Social and Cultural Committee will inspect food and agricultural products at wholesale markets such as Binh Dien, Binh Tay and Binh Tien. Cao Van Thanh, … [Read more...] about HCM City works to ensure food safety, steady prices during Tet