on-demand workforce innovation labor force flexibilityCompanies do not always have sufficient resources at their disposal to operate with the agility needed to deliver results. Due to the current market environment, 90% of executives surveyed by McKinsey believe that how the business will be done in the next 5 years will change substantially. However, only 1/5th of surveyed executives believed that they have the needed expertise, resources and commitment to pursue growth successfully in the new market environment.
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on-demand workforce project management outsourceIn a survey conducted by PwC, about 59% of executives stated that 1 out of 4 projects fail to deliver the expected outcomes within the time and budget constraint. In a similar study, PMI also found that over the period of 2011 to 2018 only about 50-60% of their projects were either completed within the budget or time and of those, only about 60-70% of projects met expected outcomes. But what is the reasoning and how can executives effectively prioritize the projects?
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ai customer centricity automation industry pulp and paper industryThe year 2020 has made industry leaders rethink their operational and sales goals. Automation industry is no different in this respect, for instance, ABB saw a decline in orders by -4% (H1 2019-2020) while Valmet saw a decline in order volume by -2%. Thus going forward, the Automation industry will need to innovate on their solutions to weather this decline in orders.
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on-demand workforce covid-1950% CXOs have reported more than 25% business disruption due to COVID-19 with the highest disruption in areas of revenue, supply chain and manufacturing. Under such crunched resources and cost pressures, the on-demand workforce can be considered an essential tool to improve business performance.
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operational excellence supply chain on-demand workforce30.7% of operational excellence executives consider end-to-end supply chain transformation as their biggest challenge. To accelerate progress, transformation executives need to break down problems in mini-battles and approach it in sprints.
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workforce“On an average, agile workforce is 1.5 times more likely to report better financial performance than non-agile workforce, and 1.7 times more likely to report better performance on non-financial measures.” - Survey by Mckinsey
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on-demand workforce“Companies had to have a personal computer strategy in the 80s, an internet strategy in the 90s, and a mobile strategy in the 2000s. In 2018, companies need to have an on-demand strategy.” – Senior Director Microsoft
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