OP Financial Group expands Accenture partnership to revolutionise Pohjola Insurance with cloud and AI
OP Financial Group, the leading banking institution in Finland, is taking significant steps to strengthen its non-life insurance division, Pohjola Insurance, through an expanded partnership with Accenture. This multi-year collaboration is designed to modernise operations leveraging cloud technology, particularly through the deployment of the Guidewire…
British ports face £120 million loss as eased EU border checks render new facilities redundant
British ports are facing a challenging predicament following the UK’s new trade deal with the European Union, which promises to significantly reduce border checks on goods. While the agreement has been welcomed, it has simultaneously highlighted a financial conundrum for ports that have heavily invested…
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Generative AI set to triple procurement market size by 2029 amid rapid adoption and strategic shifts
The generative AI market in procurement has seen a rapid transformation, spurred by the increasing complexity of supply chains and the need for strategic procurement methods. Recent projections indicate a remarkable surge in market size, expected to leap from $0.16 billion in 2024 to $0.2 billion in 2025, with a…
Vendor audits accelerate supply chain resilience and transparency amid rising compliance risks
Vendor audits and compliance checks have emerged as critical components within the supply chain management of modern businesses. As organisations increasingly rely on a diverse array of suppliers for raw materials and machinery, ensuring product quality, operational effectiveness, and adherence to regulatory standards is paramount.…
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In an industry characterised by its delicate margins and rigid deadlines, the construction sector is increasingly hampered by antiquated procurement methods. Despite a focus on building for the future, many contractors find themselves entrenched in outdated practices that delay progress and inflate costs. Traditional approaches, which often involve repetitive phone…
FedEx rolls out AI-powered Surround® monitoring across Asia-Pacific to transform logistics
In an era where global supply chains are increasingly intricate and interconnected, Federal Express Corporation, recognised as a leader in express transportation, has unveiled FedEx Surround®, a sophisticated monitoring and intervention solution aimed at transforming logistics management. This innovative tool is now available in the…
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View AllGovernment procurement must prioritise Darwin to unlock northern Australia’s marine defence potential
To transform the potential of northern Australia’s marine industry into tangible results, a paradigm shift in government procurement practices is essential. The Australian government must transition from the role of a passive regulator to that of an active customer. In markets that are often undercapitalised, particularly in the Northern Territories,…
The interconnectedness of the global economy has undeniably magnified both opportunities and risks within supply chains, exposing businesses to a myriad of disruptions that can impede profitability and sustainability. In light of this reality, a transformative strategy termed “shift left” has emerged as a crucial…