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In an environment where a heating and ventilation subcontractor can pose an existential risk to a billion dollar retail chain – as infamously happened to Target – just knowing where to start assessing third party risk can be a challenge for any organization, Jordan told me. “We do white papers and thought leadership at conferences.
trillion in economic benefits by 2030. Retailers, particularly in the fashion industry, are increasingly embracing circular business models: rental and resale programs offer opportunities for growth, while repair services offer an alternative to landfill disposal.
trillion to the global economy in 2030, more than the current output of China and India combined.” ” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 trillion in value. .”
The number of IoT connected devices are growing in practically every industry, and is even predicted to reach 29 billion worldwide by 2030. It is also valuable externally: to fuel companies, vehicle manufacturers, retailers and other brands wanting to engage in connected driving experiences for the fleet.
This may include things like manufacturing location, date and time, product materials and composition, labels and certifications, environmental impact, instruction and maintenance manuals, service history, and so on. The rollout of EU mandates is happening gradually between 2026 and 2030.
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