Category: FOCUS

A complete decoupling of supply chains from China virtually impossible

A complete decoupling of supply chains from China virtually impossible

The era of the easy, frictionless supply chains is over. In a post-pandemic world, companies had to adopt a just-in-case strategy for their supply chains, where hoarding inventory offered a safety net for unforeseen supply chain disruptions. However, reworking supply chains is complex and expensive, with no quick fixes. As the world’s manufacturing hub, China controls many global supply chains. […]

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OVES Enterprise: The Acquisition of F-35 Aircraft Will Accelerate Romania’s Technological Transformation For The Next 60 Years

OVES Enterprise: The Acquisition of F-35 Aircraft Will Accelerate Romania’s Technological Transformation For The Next 60 Years

Romania’s strategic decision to acquire and operate the F-35 Lightning II jets will not only strengthen the country’s defense and security capabilities and solidify its position within NATO, but also provide enormous opportunities for the involved industries. The F-35 is the only fifth-generation fighter currently in production capable of supporting job creation for the next 40 to 50 years. Its […]

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Year-end closing: clarifications and recommendations for Romanian companies

Year-end closing: clarifications and recommendations for Romanian companies

In today’s dynamic economy, the financial year-end poses a significant challenge for Romanian companies. This process is not merely a formality but a strategic opportunity for analysis and planning. By taking a close look at financial performance and identifying trends, companies can proactively prepare for future challenges and develop sustainable growth strategies. 2023 saw numerous changes in tax and accounting, […]

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Two Sides of the Cloud Coin

Two Sides of the Cloud Coin

Cloud computing has brought about a significant change in the way businesses function. It offers scalable, flexible, and cost-effective solutions that have transformed traditional business models. Cloud computing allows businesses to access and store data over the internet, which means they don’t have to rely on physical hardware or on-premises data centers anymore. Nicholas Carr’s “The Big Switch” draws a […]

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Romania is among the most active mergers and acquisitions markets in Central and Eastern Europe

Romania is among the most active mergers and acquisitions markets in Central and Eastern Europe

The mergers and acquisitions (M&A) market in Romania slightly decreased in volume in 2023 compared to the previous year, but maintained its value, according to an analysis conducted by Deloitte Romania. The number of transactions with values over 5 million euros analyzed by Deloitte Romania was 130 last year, compared to 157 in 2022, when the local market reached a […]

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80% global leaders expect Gen AI to transform their organization within three years

80% global leaders expect Gen AI to transform their organization within three years

Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that participated to Deloitte’s study “The State of Generative AI in the Enterprise: Now decides next” expect the technology to transform their organization within three years. More than half of respondents report a strong focus on tactical benefits, such as improving […]

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AI, social media, and cloud trending themes in hiring in 2023 amid declining job postings

AI, social media, and cloud trending themes in hiring in 2023 amid declining job postings

2023 saw many companies across the globe announcing layoffs amidst a continuous decline in job postings. Major players like JPMorgan Chase & Co, Ford Motor Co, SAP SE, Tesco Plc, Salesforce Inc, Cisco Systems Inc, and The Goldman Sachs Group Inc were among the companies that announced job cuts. Despite this, healthcare, foodservice, and construction witnessed an increased year-on-year (YoY) […]

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Romania ranks the second most polluted country in Europe in PM2.5 and VOC values

Romania ranks the second most polluted country in Europe in PM2.5 and VOC values

Today, Dyson unveils the results of its first Global Connected Air Quality Data project, the largest study of indoor air quality globally. The project studies indoor air quality information collected by more than 2.5 million Dyson Purifiers from 2022 to 2023 to landscape air quality in real homes across the world, to a granularity never before seen. Whilst data is […]

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Digitalization is creating new technology jobs in industries, new Schneider Electric report shows

Digitalization is creating new technology jobs in industries, new Schneider Electric report shows

New research from Schneider Electric, the leader in the digital transformation of energy management and automation, has revealed that almost half (45%) of industrial companies believe digitalization will be the primary reason that new operational technology (OT) job roles will be created in the next three years. The research, commissioned by Schneider Electric and carried out by global research leader […]

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White Image: Customer relationship automation accelerates sales and can increase loyalty by 30%

White Image: Customer relationship automation accelerates sales and can increase loyalty by 30%

White Image, the first and largest email marketing company in Romania, estimates that the automation of the relationship with consumers will accelerate in the local market, leading to cost reductions and an increase in loyalty by up to 30%. The greatest impact is noted in areas such as financial banking, insurance, automobile, and e-commerce. Starting from the automation in the […]

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Limitless Agency: On Black Friday 2023, Romanians bought less than last year. Among the most expensive purchases, a pair of sports shoes worth 3,000 euros

Limitless Agency: On Black Friday 2023, Romanians bought less than last year. Among the most expensive purchases, a pair of sports shoes worth 3,000 euros

The Black Friday 2023 edition saw a slight 12% increase in online sales compared to last year to more than €25 million, while the number of online users increased by 13% and the number of transactions increased by 4% overall, shows a report of data from over 400 stores for the period 10-12 November, made by Limitless Agency, one of […]

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Thoughtworks Survey: 90% of consumers want GenAI regulation

Thoughtworks Survey: 90% of consumers want GenAI regulation

Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today released findings from a new global study that reveals there is consumer appetite for businesses using generative AI (GenAI) in the innovation of products and services, yet only where businesses are transparent and proactively communicate how they are using it. The research examines what consumers expect […]

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