Financial services supplier risk management

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Financial services industry regulators are serious about delivering the post-crisis stemmed legislation changes. Last year alone fines worth millions of dollars were imposed on financial intermediaries for their failures to adequately shield customers from predatory lending practices by their third party vendors. Accordingly, a recentglobal financial institutions survey, conducted by Ernst & Young, found that tougher scrutiny of regulatory compliance …

Developing future proof supply chains and cutting costs

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A recent survey carried out by Jones Lang LaSalle, revealed that 71 per cent of supply chain managers believe cutting costs will be the top trend for the next five years.The findings are indicative of the current economic situation and reflect the increasing pressure being put on supply chain managers to reduce costs. Other key trends highlighted in the survey, …

The challenges of seasonal stock

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As profit margins tighten and businesses continue to search for ways to increase cash flow and mitigate risks, reducing stockholding is an increasingly attractive option for companies. One of the main issues raised by this strategy is the lack of flexibility it affords businesses faced with high, seasonal demand for products. Costs of Seasonal Stock Although there are many potential …

Minimising supply risk

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Given volatile supply chains, commodity prices and currency rates, how are CFOs protecting revenues and profits? On Christmas Eve 2008, Zavvi, Britain’s largest independent music retailer, went bust. But this wasn’t a failure of falling sales and missing profits, indeed revenue was up 10% earlier in the year despite the recession. No, Zavvi went into administration due to a lack …

The changing role of the CEO

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This year’s CFO Summit, organised by Economist Conferences, saw expert speakers discuss strategies to help finance leaders tackle their increasingly complex roles. Turbulent economic times require finance leaders to deal with issues ranging from developing talent and engaging with the media to the more traditional aspects of supply chain. This article examines the main themes discussed at the summit including …