Ensuring the Success of CPG Companies Through Best-in-Class TPx Solutions

CPGvision:

Every other industry is going through a technological transformation, and digitization has opened doors of opportunity for companies to enhance their operations, maximize their revenues, and reduce the unnecessary loss of resources. One industry that can strongly utilize the data insights gained from digitization is the consumer-packaged goods (CPG) industry.

The CPG companies need to stay active round the clock and 365 days to provide for the consumers’ needs. Due to the vibrant nature of the industry, they stand to gain the maximum benefits from the digitization of its operations in the coming days.

Investing in trade remains a top priority for consumer goods manufacturers. Well-organized TPx digital transformation programs can equip CPG companies with the right foundational pillars, capabilities, and plasticity to adapt, grow revenues, and protect trade margins even in times of uncertainty. COVID-19 has brought permanent changes to the marketplace, owing to which it has become … Read more

Why a U.S. Government Standard Can Help Protect IoT

The number of IoT devices in the field continues to increase, and many of them are becoming important parts of our critical infrastructure, such as electrical grids. However, as we’ve seen time and time again, botnets and other cyberattacks are also on the rise and are a very real threat to IoT devices and the services that depend on them. The good news is that the U.S. Government’s National Institute of Standards and Technology (NIST) has developed an IoT cybersecurity standard called NISTIR 8259A IoT Device Cybersecurity Capability Core Baseline, and it’s playing an important role in helping to keep IoT devices and services safe. As companies look to meet this NISTR 8259A, Implementing device authentication and data integrity are critical steps for compliance and, of course, securing IoT.

There are many threats and hacks to IoT devices, but the one I focus on is what are called botnets. Botnets … Read more

How to Use Business Transformation to create a better ‘People Culture’

An organizational culture based on ethical practices, meritocracy, and a shared sense of purpose is difficult to achieve, but when organizations undergo a business transformation, a healthy culture is often de-prioritized over processes and systems.

And while many specialists talk about the importance of having employees onboard with transformation projects, why isn’t it also exploited as an opportunity to improve company culture?

Generally speaking, transformation projects become a focal point when businesses re-evaluate their goals. They’re usually either triggered by external factors, substantial or abrupt shifts to the business model and how value is created, or a recognition that the business needs to evolve gradually over a significant period.

When companies undergo change, it is the perfect opportunity to improve or redefine the organizational culture or mindset. However, organizational culture is often not central to the change agenda.

Transformation as a Response to Business Crises

As a result of the … Read more

Mini Budget: UK needs inclusive economic growth, not isolated hot spots

Professor John Bryson, Chair in Enterprise and Economic Geography at the University of Birmingham offered his opinion about the economic measured announced today by Chancellor Kwasi Kwarteng.

Professor Bryson is an economic geographer whose research focusses on understanding people, organisations and the complex ways in which production is organised through space, place and various forms of enterprise:

“We are living in unprecedented times, but all times are unprecedented. The mini-budget may seem like a return to the past, or perhaps it is a tabula rasa moment in which the UK government tries to transform the wider framework conditions that underpin wealth creation and economic growth across the UK. Trickle down approaches to managing economies are well-tested, but perhaps the challenge is their implementation. The key issue is to ensure enhanced  wealth creation or employment creation opportunities. But, there is a problem in the UK and this is that there is … Read more