TFTF | May 14, 2021


The fortnight thus far

Reports & resources we loved in the last 15 days, once every 15 days.


Issue #55


May 15, 2021

1

4 Myths about Building a Software Business

Only about 8% of companies believe that their current business models will remain viable if they don’t digitize, explaining why nearly everybody wants to be a software company today. If done right, shifting to digital business models can unlock significant value. Here are 4 myths that businesses need to avoid.

[ McKinsey & Co. > Full report here:

https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/four-myths-about-building-a-software-business ]

2

The Omnichannel Age is here —and it's Expensive

In the U.S., the proportion of online sales supported by physical stores rose to 37% during the 2020 holiday season. Pickup of online orders from stores grew by 103% last year, while retailers shipping orders from stores grew by 80%. What does this shift of becoming omnipotent mean to a retailer?

[ Retail Dive > Full report here:

https://www.retaildive.com/news/the-omnichannel-age-is-here-and-its-expensive/597653/#:~:text=Store%20pickup%20of%20online%20orders,more%20efficient%20sellers%20across%20channels.&text=For%20most%20of%20the%20industry's,tasks%20that%20was%20absolutely%20free. ]

3

How the Need for Secure Supply Chains is Propelling Blockchain

Blockchain’s ability to track provenance will contribute $962 billion to global GDP over the next decade. 37% of those categorized as “digital champions” reported piloting blockchain solutions, while 33% planned to do so in the next 5 years. Here’s why strengthening supply chains should be a priority.

[ PwC > Full report here :

https://www.strategy-business.com/article/How-the-need-for-secure-supply-chains-is-propelling-blockchain?gko=51db0#:~:text=One%20of%20the%20major%20benefits,fresh%20produce%20or%20raw%20materials. ]

4

How Digital Transformation is Building Agility and Resilience

In a recent 2021 survey, 85% of CEOs indicated that their organizations had significantly accelerated digital transformation during the pandemic. And yet another survey found that 70% of CXOs lack total confidence in their organizations’ ability to pivot. Here are 5 focus areas for Digital Transformation.

[ Deloitte > Full report here:

https://www2.deloitte.com/us/en/insights/industry/technology/focus-areas-to-accelerate-digital-transformation.html ]

5

Beverage Manufacturers Drive Reformulation Efforts through Sugar Reduction

In 2020, total volume consumption of “better for you” reduced sugar soft drinks reached 31.6 billion units. Almost 52% of global consumers hold the view that lower sugar intake would make them feel healthier. Here’s how companies can broaden the appeal of these healthier products.

[ Euromonitor > Full report here:

https://blog.euromonitor.com/beverage-manufacturers-drive-reformulation-efforts-through-sugar-reduction/ ]

6

Modernizing Government: Global Trends

COVID-19 triggered a global fiscal response of about $12 trillion. 29% of government decision-makers count their customer-centric strategy as a top priority, while 46 % are making it a high priority. Here’s what governments will be required to do to successfully navigate the journey ahead.

[ KPMG > Full report here:

https://home.kpmg/xx/en/home/insights/2021/04/modernizing-government-global-trends.html ]

Every article here has had 100s of hours of effort that have gone into making this relevant, insightful and concise. Due credit and thanks to all these professionals and organizations who toiled to put together these insights, of such high quality, for the use of businesses across the world.