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Economy
Why Service Has a Big Role to Play in Shaping the New Economy
It’s been said that change is the easiest way to survive. The coronavirus pandemic has shaken global economies, challenged and disrupted supply chains, and forced many organizations into a period of reflection. In many instances this has already led to change, not only in how people will work in the future, but also in how
The Coming of the Delivery Economy | 2020-04-15
“The delivery economy” describes the transformation of retail, driven by customer demands for the highest possible level of service. But can companies provide it in an economic fashion? Christian Piller, vice president of value engineering with Project 44, offers a perspective. SCB: How you define the “delivery economy”? Piller: The delivery economy was the subject
The global economy: The coronavirus will dent growth
The coronavirus (COVID-19) epidemic could be more damaging to the global economy than the SARS outbreak in 2003, maintains the IHS Markit February Global Economic Forecast. “At the time of SARS, China was the sixth-largest economy, accounting for only 4.3% of world GDP. Mainland China is now the world’s second-largest economy, accounting for 16.5% of
How the Gig Economy Is Forcing Employers to Rethink Hiring Strategies
The rise of the gig economy has created a yawning chasm between two types of commercial drivers. On one hand, there’s the traditional pool of big-rig, longhaul drivers with full credentials, performing what most consider to be a full-time job. On the other, there’s a growing army of part-timers and itinerant workers who possess nothing
A Waste-Free Economy Catches On at Davos | 2020-01-23
When British yachtswoman Ellen MacArthur was promoting the idea of the circular economy on the sidelines of Davos in 2012, the big attraction was curiosity about what she was up to after her sailing career. Eight years on, MacArthur’s vision is taking hold at the World Economic Forum’s annual gathering, and firms such as Adidas