A.T.Kearney and RapidRatings: Procurement Leaders Prioritize Risk Management Among Most Strategic Responsibilities
A new report by A.T.Kearney and RapidRatings shows that supply chain risk management has climbed in priority among most companies, based on current geopolitical volatility.
According to the research, most companies (78 percent of typical companies and 90 percent of procurement leaders) expect their procurement organizations to be given more responsibility for managing risk in the next two years.
A.T.Kearney and RapidRatings provided the following report highlights:
The report, "Managing Supply Risk: Are You Prepared for a Black Swan Event?"concludes that while disruptions are inevitable, procurement is often unprepared for responding. Organizations that can quickly identify, diagnose, and resolve such issues are best positioned to proactively manage their supply chain risk. The companies that invest in risk management practices that link procurement, category, and supplier management strategies produce optimal results.
Other insights from the report include the following:
-Top 5 predictions likely to impact supply chains in the coming year
-Overview of financial health by country, supply market, and public vs. private company
-Involvement of 90 percent of procurement leaders in corporate risk management initiatives
-Companies' expectation that procurement organizations will have greater responsibility for managing risk in the next two years
Carrie Ericson, vice president with A.T.Kearney Procurement and Analytic Solutions, and co-author of the study, commented, "Most organizations acknowledge that supply disruption will occur. Unfortunately, few have invested in the systems and programs needed to respond quickly and efficiently to increased geopolitical unrest and the unpredictability of natural disasters."
The report also demonstrates, with comparison across industries and regions, how RapidRatings' FHRcan be effectively used to analyze the financial health of public and private companies globally. It is the second time a study such as this has been published showing how combining the mega trends analysis with a micro bottom-up company and industry analysis provides procurement executives with relevant industry insights to make informed risk management decisions.
"We're seeing companies place greater emphasis on brand reputation and operational resilience than ever before. Disruptions are inevitable, and the best way to mitigate risks in the supply chain is by fostering an agile organization armed with the right tools to select the strongest partners," explains James H. Gellert, RapidRatings Chairman and CEO. "However, many supply management organizations report a lack in capacity, bandwidth, and technology to address potential risks. Using financial health as a KPI is the clearest proxy to see how suppliers will withstand geopolitical, economic, and market turmoil and continue to operate resiliently."
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THE DAILY VIEW
Gilt and Sarah Jessica Parker Unveil SJP by Sarah Jessica Parker Bridal Collection for Spring
Sarah Jessica Parker, in partnership with Gilt, kicked off the exclusive launch of SJP by Sarah Jessica Parker Bridal, Gilt’s first foray into bridal ready-to-wear that would have Carrie Bradshaw swooning.
The collection includes dresses, skirts, bodysuits and other pieces, ranging in price from $295 to $2,395 and from sizes 0 to 14.
"Collaborating with Gilt on my first bridal ready-to-wear collection was an opportunity I couldn't pass up," said Sarah Jessica Parker. "The team there is brilliant and allowed me to be imaginative and take risks as I was designing for the non-traditional bride. It has been quite fun to play around with colors, fabrics and details to create unique pieces for all kinds of brides." The collection, comprised of ten styles, is inspired by Parker's vision of a modern, non-traditional bride, and is designed to dress a woman for a variety of wedding milestone moments; from her bridal shower through her wedding reception. Styles offered are a unique mix of classic dresses and gowns, modern bodysuits, full skirts, and a jumpsuit. The color palette includes traditional bridal white, sleek black, plus pops of blush, poppy, light gray and blue.
Designed in collaboration with Gilt, the collection was produced in New York City utilizing fabrics like cashmere and stretch crepe sourced from Spain, Italy and France.
The pieces all feature carefully curated details like elegant bows, sophisticated cutouts, feathers, intricate embroidery and beautiful hand-stitched beading.
The actress and style icon is no stranger to chic bridal wear. Carrie Badshaw, famously played by Parker, took part in an elaborate bridal photo shoot in Sex and the City: The Movie. The shoot featured gowns from designers like Christian Lacroix and Lanvin. Parker famously wore a black wedding gown for her own wedding to Matthew Broderick in 1997.
"Not only is Sarah Jessica Parker's style known around the world, her point of view is one-of-a-kind," says Tom Ott, Chief Merchant of Gilt. "Sarah Jessica brings her impeccable taste and fashion sensibility to life in this collection. We think our customers will be delighted with the offering which is stylish and well-priced in the bridal category."
As part of the bridal launch, Gilt will also offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear line, each of which are complementary to the bridal collection.
To correspond with the bridal collection launch, Gilt City will present offers from some of Sarah Jessica Parker's favorite places in New York City.
The offers were each chosen as a way to help brides plan for and celebrate the big day with highlights including, Leather Spa, Lars Nord Studio Tailoring, Mah-Ze-Dahr Bakery, among others.
Tea Forté Introduces ‘Matcha’ Collection
Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.
The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.
"The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."
Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.
According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.
Available now in select stores and online at teaforte.com.
Expedia.com has released a year-end look at U.S. traveler behavior and trends for 2017, analyzing data to identify the most in-demand destinations, hotels, activities and more.
Among other insights, the roundup revealed:
- Labor Day was the busiest weekend for car rental
- Disney Theme Parks topped the list of things to do
- The average hotel stay was two nights
- Top destinations based on 2017 air travel included major global cities like New York, London and Bangkok
- Popular tourist destinations included Orlando, Cancun and Las Vegas