Industry news

The Supply Chain Services market report analyzes data gathered from primary and secondary resources to decipher the important factors contributing to or hindering the industry expansion in the coming years. It compares the past and present business scenario to forecasts stats such as growth rate, industry share, and other critical parameters.

According to the report, the market value is projected to multiply at XX% CAGR over 2022-2028, subsequently amassing USD XX valuation during the analysis period.

The objective of the document is to guide businesses build strong contingency plans by offering a detailed assessment of this domain. This is achieved by dividing the marketplace into several segments and providing insights on their overall performance and potential, followed by a complete analysis of the prevailing and upcoming competitive trends.

Read more on market prime here.

AMA introduce new research on Global Robotic Process Automation in BFSI covering micro level of analysis by competitors and key business segments (2022-2027). The Global Robotic Process Automation in BFSI explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing.

Read the full article here.

In the second of our ESG series looking at employment law and ESG, we explore the role of pay gap reporting as a way of demonstrating a company’s social credentials.

One of the central challenges for companies looking to improve their performance under the S is deciding what components to include and how to measure and publicise progress.  As an employment team dealing with ESG related issues, the main recurring question coming through from clients is: what practical ideas do you have to implement initiatives under the S?

Read more on CMS Law-Now here.

Businesses are likely to spend billions of dollars on the metaverse, which is why experts say that building trust and safety practices into the metaverse experience from the beginning is critical.

The metaverse -- a virtual world allowing consumers to shop, work, play, own land and conduct business -- is already prompting use cases for trust and safety policies, as situations like verbal abuse between avatars arise, said Manu Aggarwal, partner at global research firm Everest Group, during an online webinar. Trust and safety policies are business practices used to reduce risk to users of online platforms.

Read more on TechTarget here.

The IR35 reform will be repealed from April 6, 2023, according to this morning’s mini-Budget.

Speaking to the House of Commons today (September 23), Chancellor Kwasi Kwarteng said from April, workers across the UK providing their services via an intermediary, such as a personal service company, will once again be responsible for determining their employment status and paying the appropriate amount of tax and NICs.

Kwarteng also used today's mini-Budget to scrap the additional rate of income tax and cut its basic rate to 19 per cent in a series of tax cuts which amount to £45bn.

Read more on the Financial Times here.

CGI ( NYSE: GIB) (TSX: GIB.A) has been named by Forbes magazine as one of the World's Best Management Consulting Firms for 2022. The annual ranking helps business leaders evaluate management consulting companies as they seek expert guidance in navigating today's fast-changing business environment. CGI's inclusion among this year's top management consulting firms is based on its success in delivering insights-driven business and IT strategic consulting to clients worldwide. Through its range of business and technology consulting services, CGI helps clients set their future course, adapt quickly to change, and create competitive advantage as digital leaders.

Read the full article on PR Newswire here.

The FCA and BEIS expect climate disclosures to be aligned with TCFD recommendations this financial year. Are you ready?

The Financial Conduct Authority (FCA) updated its guidance for compliance with TCFD (Task Force on Climate-Related Disclosures) recommendations for FY22. But what do those changes mean for your business? And do you know what you need to do to be compliant by year-end?

The first question on your mind is likely to be: do the FCA requirements impact my business? The answer is ‘yes’ for all premium and standard listed companies in the UK.

Read the full article at KPMG here.

AWS, Microsoft and Google generate around 81% of revenues in the UK cloud services market.

Ofcom is set to probe Google, Amazon and Microsoft’s dominance in the UK cloud services industry.

Due to launch in the coming weeks, the probe will assess the position of the three “hyperscalers” in the £15bn public cloud infrastructure services market and identify any potential barriers to competition and growth.

Read the full article on Digit News here.

Greenwashing scandals continue to hit the headlines with fresh examples of greenwashing appearing in the news daily – Pretty Little Thing and its parent company Boohoo, for instance, have once again had their green credentials questioned.

Whilst typically this attention has been confined to media reporting, calling brands out for making misleading environmental claims, we are now beginning to hear of raids, investigations and, now, legal disputes. Warnings are quickly turning into fines and regulatory action, with regulators referring to arguments made in private litigation to hold organisations to account about material misstatements and omissions on sustainability.

Read the full article on Charles Russell Speechlys here.

Pre-tax profits at JD Sports declined by nearly a fifth in the six months to July.

Profits were down from around £440 million during the same period of last year to roughly £384 million.

The sports fashion retailer said that this was driven by more normalised trading patterns following the pandemic, with up to 40 per cent of annual profits generated in the first half of the year.

Despite recording an eight per cent hike in sales for the past six weeks, the company said that the most material trading periods are yet to come and warned of continued supply chain issues.

Read more on Retail Systems here.