The U.S. Bureau of Labor Statistics released its revised nonfarm business sector labor productivity results last week. The quarterly figure, although revised up, was still only up 0.7 percent versus the same quarter last year. How can S&O consultants help their clients to change the productivity trajectory?
Over the last three decades, developed economies have enjoyed the benefits of first-mover advantage in globalizing their operations, which has given a major shot in the arm to the West’s bottom line. Deloitte’s recent report, Business Trends 2014: The Next Wave of Globalization, shows leaders in the developing world are brimming with confidence that sunnier days are ahead.
With emerging risks rapidly approaching—unexpected consumer attitudes, upheaval in the retail industry, channel conflicts, product customization, dynamic pricing and an e-commerce-fueled direct-to-consumer (DTC) shift, CPG companies are scrambling for answers. Can consultants provide them?
Trissential has grown from a two-person company launched in 2003 to a 140-person consulting firm that’s created and established a unique market position—the sweet spot between the Big 4 and enterprise firms and the pure staffing firms.
In 2005, Dale Anderson, Robert Bloyd, Warren Golla, Marv Richardson and Jon Waddell joined forces to create Trexin, an IT and Strategy firm focused on the application of advanced and disruptive technologies.
NatureWorks is a global bio-plastics company in Minnesota that’s engaged primarily in the development, production and distribution of biopolymers derived from sustainable and renewable resources. NatureWorks sought an integrated ERP platform to reduce IT costs and promote growth.
The transformation that the automotive industry—particularly in the U.S., but also globally—experienced in the past five years qualifies as “stunning,” “historic,” even “inspirational.” Yet, this unparalleled ride likely will seem ho-hum in comparison to the modification the industry is poised to undergo in the coming decade.
Who would’ve believed that two college freshman who met at orientation would someday be running their own technology consulting firm? But that’s just what happened when Ross Freedman and Brad Schneider launched Rightpoint in 2007.
When talk turns to the U.S. manufacturing sector, consultants think momentous changes are stirring. The Boston Consulting Group refers to the repatriation of manufacturing jobs to the U.S. as a “tipping point.”
Manufactured exports—a bright spot of the U.S. economy in recent years—are set to surge. Combined with jobs created as a result of reshoring, higher U.S. exports could add 2.5 million to 5 million jobs by 2020
To say Xavier Mosquet has had his hand in what’s been going on in the automotive world the last few years would certainly be an understatement. Mosquet led a team of BCG consultants who advised President Obama’s Task Force on the Automotive Industry on the restructuring of General Motors and Chrysler in 2009, including the establishment of the Chrysler-Fiat alliance.
After serving as President of Proudfoot Consutling, Melgarejo left the firm to join The Highland Group in 2009 as Chief Executive Officer and Managing Director. Under his leadership, the strategy and operations firm has tripled in size and opened offices in Brazil, Chile and South Africa, among other.
Griffin Strategic Advisors LLC, a Chicago-based strategy and operations firm, announced earlier this month that it had been acquired by Acosta Sales & Marketing, a sales and marketing agency in the consumer packaged goods industry.
Even though the deal just closed at the end of August, Dana Mcilwain, PwC Vice Chairman and U.S. Advisory Leader, says the firm is already seeing some significant success stories from its acquisition of PRTM.
These days, thought leaders in the sector are focused on strategy, supply chain, sales & marketing, regulation & risk, process improvement, product innovation, sustainability and more. In short, we’ve moved way beyond the shop floor.
These guys always deliver on budget and on time, without any question.” That’s what a client said recently about The Avascent Group when he was introducing Steve Irwin to a colleague. Irwin, president of the firm, says he can’t think of a better client endorsement.
Mesirow Financial Interim Management was retained by Fluid Routing Solutions, a leading automotive parts company, to serve as chief restructuring officer and provide interim management services and bankruptcy support in fast-track Chapter 11 sales.
Most consulting leaders recognize that billable utilization is paramount to success, and that effective resource management can improve overall profitability, as well as the quality of services and the predictability of service levels. Yet we haven’t seen any real innovation in this arena over the last three decades.
You can count effective organizational change as one of the positives to come from the economic turmoil of the last 18 months. More than two-thirds of senior executives say the current global economic crisis was a catalyst for driving change across organizations, according to a recent global survey released by Celerant Consulting and the Economist Intelligence Unit.
Worldwide Trade Partners, as its leaders describe it, is an international tax firm that focuses more on people than numbers. And it’s a strategy that ensures that the firm continually wins clients away from the Big 4.
The present downturn, sparked by problems within the financial services industry, has swiftly and significantly reduced consulting opportunities among banking and insurance clients. Some smaller boutique firms that serve financial services clients may have trouble surviving in 2009, particularly if banking clients remain hunkered down while trillions of dollars of capital continue to idle in global money market funds. Yet the impact of the financial crisis on consulting—predominantly negative across most industries, but positive among certain consulting offerings—reverberates well beyond Wall Street.
It’s never easy going into a year hardly anyone has hope for; 2009 has already seen layoffs, more projected layoffs, a seven-day string of losses on the Dow and unemployment numbers that continually rise. Consulting firms, of course, understand the pressure companies are under and have had to balance tough love in the present with a eye toward a future turnaround. Here are three consultancies’ take on how they will manage—and even master—one of the roughest projected years in memory.
In a few short years, Web services promise to dramatically change the way consulting firms deliver to their clients enterprise application integration, supply chain management, on-line commerce solutions, and more. All consultants need to do now is agree on what standards to support. Did we say a few short years?
We went looking for businesses that have successfully moved into the digital world. What we found is that regardless of whether it’s a brokerage firm heavyweight or a toy company start-up, a myriad of companies are relying on consultants to help crack e-business’s complex codes. Here’s a look at five big names in e-commerce and which consultants they now rely on.
The quest to blaze a path of least resistance has long drawn consultants of all ilks to the challenges commonly clustered under the heading “supply chain.” It’s a moniker that now looms large over a number of new emerging technologies and concepts. And one consulting firm continues to amplify as they expand the depth and breadth of their supply chain practices.
If an object were able to identify itself at any point in the supply chain, consultants would have something to cheer about. And so they do, as radio frequency identification technology becomes embedded in real-world applications and industry hitches a ride on tomorrow’s pathways.
With all the collaborative juices they can muster, the titans of the Industrial Age are gearing up to mount a Web crusade destined to dwarf the dot-com antics of their New Economy predecessors, and open new doors for their consultancy partners.
Chances are, the average consumer has never toured an auto manufacturing plant, or stood beside a chassis as its hood hinges were bolted down. In fact, many consumers would rather forgo the grease and clatter so long as the final output runs well. Nearly 100 years after Henry Ford transformed a fledgling car industry with his innovative assembly line, the world’s automakers are poised for change as the precepts of virtual team automaking allow them to draw forth brand management’s ultimate riches — and leave the manufacturing to others.
Capgemini’s Cars Online 08/09, a study of the global automotive market, highlights consumer buying behavior in both mature and emerging markets. Key findings include the rising importance of a vehicle’s fuel economy and the popularity of online research before making a purchase.
Effective Jan. 1, 2009, Rick Wise will assume the role of CEO at Lippincott, a New York-headquartered brand strategy and design consultancy that falls under the umbrella of the Oliver Wyman Group. Wise, according to the firm, is a 20-year brand-consulting veteran whose tenure with Lippincott includes roles as senior partner and head of Lippincott’s brand strategy practice.
Capgemini recently released its 2008 third quarter report. According to the firm, this most recent quarter saw a 6.1 percent sustained growth rate over the same quarter last year. The firm is projecting growth for the year to fall between 4 and 5 percent.
Ron Wince, CEO of Guidon Performance Solutions, is taking the lessons learned in the manufacturing world—namely the concepts of Lean and Six Sigma—and is applying them to companies in the healthcare, retail, public sector and financial services spaces, among other service-type industries.
Urban Science believes in the power of data. The Detriot-based company relies on mathematical processes and predictive analytics to optimize client opportunities, explains Chief Marketing Officer Jack Bowen.
In an industry where consistency and standardization reign supreme, confusion sparked by a rapidly tilting playing field has thrown a wrench into North American manufacturers' game plans. And now companies – and consultants – are adjusting their thinking for manufacturing's new global reality.
They're young. They're talented. and they're consultants who are changing the world. That's why is honoring our inaugural batch of 20-something standouts. Read on to find out how each member of this professionally engaged and socially conscious group is making a difference at their companies and in their global neighborhoods.
Four months after his post as SEC chairman, those consulting firms rooted in Big Five accountancies are still assessing the impact of the rules the brash regulator marshaled through in the twilight days of his tenure.
From afar, it may appear that only a handful of consultants are sharing in the burgeoning pool of dollars being spent by automakers as they look to leverage the supply-side muscle of digital exchanges. But as Covisint — the granddaddy of all digital marketplaces — and other auto supply exchanges begin conducting business across the Web, the consulting opportunity is quickly mushrooming, as parts manufacturers, machine shops, and an array of component assemblers look to get themselves plugged in.