From upscale department store Neiman Marcus to organic grocer Whole Foods, major luxury retailers and grocery chains are playing musical chairs in C-suites and boardrooms as they streamline management and change creative roles amid declining in-store sales.
Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.
Major international organizations classify countries by different factors. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population
Is trade becoming an asset class? Some market participants are pushing in that direction.
This, of course, is easier said than done, but the cost of getting it wrong could be enormous. “Ultimately corporates pay the price,” said Kah Chye Tan, head of trade and working capital at Barclays. “We can’t sit back as clients pay 100 basis points one moment and 200 basis points the next for the same product. We can’t keep passing that on to clients.”
Creating a market for trade assets, could, or should, reduce the volatility that is now plaguing the market, said Tan. But one big challenge is the lack of consistency—from basic things such as naming conventions to more critical issues such as document and contract standardization. Although some industry associations, such as the International Chamber of Commerce—are working on this, it could be some time before those efforts bear significant fruit.