Rachel is a Systemic-Change Coach & Executive Mentor; APAC CXM CGO, and DEI & Sustainability Champion at Dentsu. getty Henry Ford once said, "If it doesn’t add value, it’s waste." Surely, all that is consumed from our Earth to create a better life is not a waste. But when we selfishly waste it for profits, that is a crime—at least to the next generations. As a corporate achiever who has helped many multinational corporation (MNC) clients generate those profits for the last 25 years, let me—and my fellow boomers/Gen X leaders—say that we are so sorry to the next generations. We have come to a point of no return but a hopeful awakening and urgent intervention of quick systemic change toward a circular net-zero economy. It is, therefore, now a repenting responsibility for all business leaders to reframe value and participate in the making of the circular economy. With consumers’ voices rising toward greener products and employees demanding more purposeful work, it pays off to be aware of sustainability policies to help shape a net-zero economy. Why not allow these seismic pivotal forces to birth forth new, wiser and timelier ways of operating and profiting? This is an urgent […]

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This year’s forecast of sustainability trends looks like the perfect storm (in a good way) of purpose-minded, yet business opportunity-led progress. Although Forrester analysts expected at least 10 companies to incur $5 million or more in greenwashing fines, the longer term outlook for meaningful environmental impact is far brighter. Gartner researchers predicted that political bodies worldwide would support nation-state commitments to invest tens of trillions of dollars in climate mitigation from 2025 to 2035. Prodded by consumer demands and impelled by increasingly stringent regulations, the business sector has taken notice and actions to create a more sustainable future. Here’s a summary of their investment priorities. With Scope 3 emission regulations on the rise, organizational leaders have realized the competitive value of connected data to track, report, and reduce climate impact. getty Getting accurate, quality ESG data Environmental, social, and corporate governance (ESG) standards and regulations are becoming a dominant force in how organizations operate, touching every part of the business. In the US, the SEC is slated to enact more ESG regulations for investors, while the UK Plastic Packaging Tax is expected to transform global supply chains worldwide. According to Deborah Kaplan, global head of sustainability at SAP Customer […]

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Networking is a critical element of growth and success for many professionals. Whether you’re a business owner looking to expand your customer base or find partnerships or a job seeker looking to make a career move, finding and connecting with the right people in your industry can be a huge boost to any professional goals you may have set. The first step in forging these connections is knowing where to look, and often, that means growing the circle of people you have access to through your network. To help you do this, a panel of Forbes Business Council members share some simple ways to expand your network this year—some of which can still be done from the comfort of your office. Members pictured from left to right. Photos courtesy of the individual members. 1. Create Communities Communities are a great way to expand networks. Creating a community of your customers who come together under one platform to have productive discussions, seek help and help others with their expertise results in increased brand loyalty, which in turn leads to referrals through word-of-mouth. – Shubham Yadav , StrategyConnect Inc 2. Find A Hobby As an entrepreneur, I feel the best way […]

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Paychex data also shows the January one-month annualized hourly earnings growth for employees of small businesses falls to its lowest level since 2020 ROCHESTER, N.Y., Jan. 31, 2023 /PRNewswire/ — The rate of hourly wage growth for U.S. small businesses continued to decline to 4.66 percent year-over-year in January according to the latest Paychex | IHS Markit Small Business Employment Watch . Additionally, the one-month annualized earnings growth fell to 2.88 percent in January, the lowest level since December of 2020. The Small Business Jobs Index, which measures national employment growth for businesses with fewer than 50 workers, rose by 0.18 percent to 99.56. "Our small business wage data indicates that wage gains are moderating, as has been the aim of monetary policy by the Fed," said James Diffley, chief regional economist at IHS Markit. "Although small businesses have struggled in attracting and retaining employees over the past two years, the job index shows they continue to make gains in hiring with the easing of wage increases," said John Gibson , Paychex president and CEO. "The wage index also shows that employees of small businesses are increasing their hours worked to increase their earnings." In further detail, the January […]

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New York CNN — Ira “Bob” Born, known as the “Father of Peeps ,” died on Sunday. He was 98. Just Born Quality Confections, the Pennsylvania-based company that makes various candies, including the chick-shaped marshmallows, confirmed Born’s death in a statement. The company said that Born will be “remembered as a tireless and passionate advocate for the candy industry and a wonderful supporter of our community.” Born was part of the second generation in the family business that his father, Sam Born, founded in 1923. His son, Ross, retired as CEO in 2021. “We extend our deepest sympathy to his son, Ross, and the entire family,” said David Shaffer, board chair and co-CEO of Just Born. Bob joined the company in 1945 after graduating from Lehigh University with a degree in engineering physics, and service in the US Navy. Just Born said in the statement that he “devoted his life to Just Born and the science and process of candy making,” adding that he was an “inventor whose amazing intellect allowed him to see solutions to almost any situation.” Peeps have been around since the early 1950s when Just Born bought a smaller candy company that had been making […]

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Electric vehicle (EV) behemoth Tesla TSLA delivered yet another blockbuster show, with fourth-quarter earnings and revenues not just topping estimates but increasing year over year. Japan’s auto biggie Honda HMC announced making structural changes to ramp up the electrification business. It also joined forces with GS Yuasa Corp to work toward the R&D and production of lithium-ion batteries. Canoo GOEV, a high-tech Californian EV startup, teamed up with GCC Olayan to foster its EV presence in the growing sustainable mobility market of Saudi Arabia. Fuel cell truck startup Nikola NKLA collaborated with green energy and technology company, Fortescue Future Industries, for large-scale green hydrogen production projects in the United States. EV charging company Blink Charging BLNK also made to the top stories as it inked deals with EdgeEnergy and Vizient. While Tesla carries a Zacks Rank #5 (Strong Sell), Nikola holds a Zacks Rank #2 (Buy). Honda, Blink Charging and Canoo are currently #3 Ranked (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here . Let’s Delve Deeper Tesla reported fourth-quarter 2022 earnings of $1.19 a share, up from the year-ago figure of 85 cents and surpassing the Zacks Consensus Estimate of […]

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Katie is Chief Product Officer at Adjust , a mobile marketing analytics platform trusted by growth-driven marketers around the world. getty According to management consulting firm Korn Ferry , the global talent shortage is expected to reach $85.2 million by 2030, with companies around the world standing to lose over $8 trillion in lost revenue due to a lack of skilled workers. The main cause is that most organizations’ operations are supported by software despite an overwhelming lack of software developers and engineers. There are a number of ways businesses are overcoming this obstacle. One is by hiring short-term contractual software engineers or freelance developers. But the alternative option—and one that is growing in popularity—is by paving the way for citizen developers. What Are Citizen Developers? According to Gartner , “A citizen developer is an employee who creates application capabilities for consumption by themselves or others, using tools that are not actively forbidden by IT or business units. A citizen developer is a persona, not a title or targeted role.” By deploying a citizen developer program, businesses can accelerate product development and improve internal workflows by training a diverse range of employees in low-code/no-code (LC/NC) software tools. Complex coding […]

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Nearly 40% of respondents would rather eat a worm than file daily expense reports NEW YORK, Jan. 31, 2023 /PRNewswire/ — New research from item-level receipt data network, Banyan , shows that business travelers find the expense reporting process bothersome, time-consuming, and error-prone – so much so that they’d go to extreme lengths to avoid it. Over half (55%) of surveyed business travelers cited the time burden of expense management as their top pain point with the process. The time burden is evident – nearly 6 out of 10 business travelers spend 20 minutes or more organizing materials to file an expense report. Outdated expense management processes aren’t just stealing employee’s time, they are impacting company’s wallets as well. According to a 2022 study from the Global Business Travel Association , the mere process of compiling an expense report for a single night’s stay at a hotel incurs an average cost of $58 for a company. Additionally, a whopping 87% of business travelers have had to fix accidental errors on expense reports (or have tasked their internal finance team with fixing it). This adds unnecessary time to the process – and for businesses tightening spending amidst high inflation, that […]

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Have you £40,000 ($49,215) to splash out on your Valentines this February? This gold finished rose … [+] Blooming Haus It’s that time of year again. The ebb and flow of retail reliably takes us from Christmas, through to clearance sales and to the next full price moment in the trading calendar, February 14. But what is ‘This Thing Called Love’ ? A simple four letter word that is firmly embedded in the zeitgeist. A quick search acknowledges that it is one of the most popular words in song titles. It ‘Lifts Us Up Where We Belong’, ‘It Is a Many Splendored Thing’, and according to Beyonce… we are crazy when in it. The Beatles used the word a staggering 613 times in their lyrics. Yet when a word refer to so many things, from the consumer loving their McDonalds value meal to the wealth of emotion tied into the way we feel about ourselves and others, it can be a difficult to pin down exactly what it means. Unlike English, the Greek language, rather helpfully distinguishes four kinds of love. I’ve simplified for the purposes of explanation: Philia is the kind of love found in strong friendships Eros […]

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Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here . The Colorado medical cannabis dispensary whose challenge of IRS rules led a U.S. Supreme Court justice to question federal marijuana prohibition saw its bid to keep tax records secret rejected in federal court . The 10th Circuit of Appeals in Denver on Friday affirmed a district court’s ruling that the U.S. Constitution does not protect Standing Akimbo from IRS requests to see the company’s business records , Law 360 reported. The Denver-based dispensary has spent several years fighting IRS investigators who suspected the business was improperly claiming business deductions on its taxes in violation of Section 280E of the federal tax code. Passed by Congress in the mid-1980s, 280E bars marijuana businesses from taking standard business deductions . In Standing Akimbo’s case, the dispensary tried to block the IRS from accessing Colorado Marijuana Enforcement Division records as part of an audit. In arguments before the 10 th Circuit, Standing Akimbo’s attorneys cited Supreme Court Justice Clarence Thomas’ opinion in a different, related case as support for its position. In June 2021, […]

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