Six years after financial crises, transport analysts advise “caution”

In today’s business environment, companies remain “cautiously optimistic,” observes Ted Fernandez, Chairman & Chief Executive Officer, The Hackett Group

By ·

In today’s business environment, companies remain “cautiously optimistic,” observes Ted Fernandez, Chairman & Chief Executive Officer, The Hackett Group

“Most companies in the S&P 500 beat their guidance for Q1,” he says. “But mixed guidance has been the issue as companies continue to struggle to meet growth objectives. Many have been quick to turn to productivity initiatives to hit earnings targets. This should improve as the U.S. economy continues to show better signals, but for now there remains cautious optimism across the globe.”

According to Fernandez,  “finding sustainable demand continues to be more challenging than expected as we now approach the 6th anniversary of the financial crisis.  

“Volatility in demand has become the norm, and companies understand they need the ability to quickly recalibrate. Recalibration has meant less total cost reduction and more cost stabilization allowing most of you with the ability to reallocate resources to higher opportunity areas. But that is no longer adequate,” declares Fernandez.

The Hackett Group – a global strategic business advisory and operations improvement consulting firm – maintains that companies must leverage innovation in their respective business areas to help accelerate growth. 

“We continue to see World Class companies aggressively leverage innovation to breakthrough traditional business models and strategies to exploit the true total leverage of an enterprise,” says Fernandez.

His remarks were shared at The Hackett Group’s 2014 North American Best Practices Conference, “Accelerating Growth Through Innovation” in Chicago last month.

The Hackett Group also offered an update and live demonstration of Group’s “Performance Exchange,” a new automated measurement dashboard designed to extract data from ERP systems and benchmark results.

“This year, business strategies are focused on improving innovative capacity to accelerate revenue growth and improve profitability,” adds Fernandez.


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Economy · Global · Logistics Management · All Topics
Latest Whitepaper
Maximizing Your Sales Team’s Effectiveness
Companies need to examine how to restructure their sales team to respond to different customers and subsequent buying behaviors and preferences.
Download Today!
From the November 2017 Logistics Management Magazine Issue
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships into true, collaborative partnerships—and greatly strengthened its logistics and supply chain operations in the process.
34th Annual Quest for Quality Awards: 2017 Awards Dinner
Trucking Regulations: Washington U-Turns; States put hammer down
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Make Your Products Smarter in the Supply Chain with the IoT
This webinar explores how temperature-sensing smart labels and inexpensive NFC tags are being used to extend product safety and efficiency beyond the shipping dock while also building a communication bridge to your customers.
Register Today!
EDITORS' PICKS
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...