Subscribe to our free, weekly email newsletter!


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

By Staff
May 15, 2014

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!

Recent Entries

A couple of years ago, the rush to alternatively fueled vehicles was on. Diesel prices had surged past $4, the American Trucking Associations hosted an overflow crowd at its alternative fuels “summit” for trucking executives and energy tycoon T. Boone Pickens offered what might have been the ultimate assessment of where fuel prices were headed.

As a sector with myriad moving parts, coupled with obstacles like increased risks, cost pressures, among others, the healthcare supply chain is replete with uncertainties. But there are ways for the sector to counter these challenges, too, according to the seventh annual UPS “Pain in the (Supply) Chain healthcare surve

The study examines the trajectory of offshoring cost arbitrage to low-cost developing countries, the rise of new locations, and the fact that there’s ample room for growth.

In a rare show of solidarity, various trucking interests are asking the Department of Transportation’s Federal Motor Carrier Safety Administration to remove online safety ratings of individual motor carriers until flaws in the CSA methodology are fixed.

While it feels somewhat hard to fathom, the stage is set for the Council of Supply Chain Management Professionals (CSCMP) Annual Conference in San Antonio, Texas.

Article Topics

News · Global · Economy · Logistics Management · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA