Industry news

KPMG said that its survey of 110 tech CEOs and 75 telco CEOs found that 85% see a recession as likely and most of them are asking themselves how to prepare for it.

KPMG’s 2022 CEO Outlook Survey identified key challenges and opportunities that tech, media, and telco CEOs face.

Read more on VentureBeat here.

UK SITS market leader TCS continues to post strong rates of quarterly revenue growth at both the Global and UK levels. Q2 results out yesterday afternoon saw TCS report Global year on year revenue growth of 15.4% (in constant currency) to $6.9bn (Q2 FY22 $6.3bn). Operating margins declined 1.6% YoY to 24% (Q2 FY22 25.6%) although ticked up on the previous quarter (Q1 FY23 23.1%).

TCS CEO Rajesh Gopinathan pointed to strong demand for its services with “Strong, profitable growth across all our industry verticals and in all our major markets. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements". 

Read more on TechMarketView here.

In supply chain circles battered by more than two years of upheaval, the word “normal” is creeping into the outlook for 2023. 

• In the latest Logistics Managers’ Index, “September’s future predictions hint at normalization and a return to business as usual over the next year.”
• Analysis from Sea-Intelligence, gauging the amount of bogged-down shipping capacity, shows “all three models suggest we should be back at the ‘normal’ 2% capacity loss baseline by early 2023.”
• The year-to-date improvements in New York Fed’s Global Supply Chain Pressure Index “suggest that global supply chain pressures are beginning to fall back in line with historical levels.”

Read more on Bloomberg UK here.

NHS Supply Chain manages the sourcing, delivery and supply of clinical consumables, capital medical equipment and products such as food and office solutions for NHS trusts and healthcare organisations across England and Wales.  It currently has over 60 per cent of the market share in these areas.

It manages 7.7 million orders per year, across 129,420 order points and over 16,000 locations. NHS Supply Chain delivers over 35 million lines of picked goods to the NHS annually and its systems consolidate orders from over 930 suppliers, saving trusts time and money in removing duplication of overlapping contracts.

Read more on NHS Confederation here.

Finding and acquiring the ideal target at exactly the right price is every private equity executive’s goal. However, the perfect deal is elusive. Successful private equity firms and investment banks are looking at unique ways to source quality deals quicker in hopes of yielding optimal returns upon exit. As a result, the role of the business development officer at private equity firms has continued to grow and evolve.

For these reasons, in July the Association of Corporate Growth convened a roundtable, sponsored by Cyndx, to discuss how private equity firms and investment banks are sourcing deals more efficiently than ever and achieving success in today’s uber competitive dealmaking environment.

Read more on Middle Market Growth here.

Negotiators are heading to Montreal for another round of meetings in December 2022 (known as COP 15, Part 2) under the auspices of the international Convention on Biological Diversity (CBD). Their ambition is to try to conclude a much-needed international agreement to tackle the World’s biodiversity emergency.

This article explains the background to the pending negotiations and what can realistically be expected to emerge from them. It also explains why the global biodiversity crisis represents a clear threat and opportunity for clients across sectors and geographies, irrespective of the COP 15 talks. 

Read the full article on DLA Piper here.

The financial services sector has no choice but to embrace environmental, social and governance (ESG), according to a new KPMG report, which describes ESG as the ‘great behavioural driver of system change’.

Thirty-two industry commentators, CEOs, CFOs and board members from across the world have contributed their views on the future of financial services for KPMG’s Voices on 2030: Financial Services Reinvented Report.

The world’s financial services sector is changing at a faster pace than ever before – and systemic change is expected within the next decade, the industry leaders and experts concluded.

Read more on the FinTech Times here.

Russia’s full-scale invasion has seriously affected business within Ukraine. The National Bank of Ukraine (NBU) estimated that, as of May 2022, capital losses from the destruction of enterprises, residential buildings and infrastructure amounted to US$100 billion – equivalent to 50 percent of the country’s GDP for 2021.

However, despite continued challenges, disrupted business processes are largely back on track, and some sectors, such as information technology, are even showing growth.

Below are key considerations that should be taken into account today during a global reorganization transaction involving businesses in Ukraine.

Read more on DLA Piper here.

In this infographic, we tackled the "great resignation," which refers to the ongoing difficulties in recruiting and retaining talent as a result of the stiff competition in the job market triggered by the global pandemic.

Many factors can be attributed to increasing unemployment rates and employees leaving their jobs. Initially, most experts believed that it was caused by uncertainty sparked by COVID-19. However, it soon became clear that most workers quit because of safety concerns during a global pandemic, and because their companies didn't provide enough remote work options.

Read more on MarketScreener here.

Global law firm Ashurst announces the launch of its Advance Virtual Experience Programme for students as part of the Ashurst Advance team’s commitment to innovation in talent and initiative to promote access to careers in NewLaw. 

Global law firm Ashurst announces the launch of its Advance Virtual Experience Programme for students as part of the Ashurst Advance team’s commitment to innovation in talent and initiative to promote access to careers in NewLaw.

Read more on The Mirage here.