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
Digital Issue: The Current State of Third-Party Logistics Services
It has become quite clear that logistics professionals are now facing an unprecedented set of challenges. From tightening capacity, to ongoing regulation hurdles, to the complexity brought on by e-commerce, today’s shippers are transforming the way they manage their logistics operations.
Download Today!
From the June 2017 Issue
Here are five trends that every shipper­—and potential shipper—must watch as the demand for experienced logistics and supply chain professionals soars.
2017 Rail/Intermodal Roundtable: Volume stable, business steady
Cross-Border Logistics: NAFTA tune-up time
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Women in Logistics: Breaking Gender Roles to Win the War for Talent
In this session you'll hear from a panel of women who are now leading top-level logistics and supply chain operations. The panel will share their success stories as well as advice for women who are now making their way up the ladder.
Register Today!
EDITORS' PICKS
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...
The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...

2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...