Ankura welcomes senior trio to technology and forensics practice

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Ankura welcomes senior trio to technology and forensics practice

Ankura has bolstered its technology and forensics practice in the Middle East with a trio of senior professionals.

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Clay Heskett Elected To Lead L.E.K. Consulting

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Clay Heskett Elected To Lead L.E.K. Consulting

L.E.K. Consulting, the global management consulting firm, has elected Clay Heskett as the next Global Managing Partner, the top leadership position in the partnership. Heskett will succeed Stuart Jackson, who served three terms in the role, beginning in 2013.

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A day in the life of… Orsi Jojart, Associate Partner at McKinsey & Company

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A day in the life of… Orsi Jojart, Associate Partner at McKinsey & Company

We chat to Orsi Jojart, Associate Partner at McKinsey & Company and a leader in the Marketing and Sales Practice and McKinsey Digital in the UK.

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Accedian, Bain & Company, Colt, Rostelecom and Telia commit to TM Forum’s Pilot

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Accedian, Bain & Company, Colt, Rostelecom and Telia commit to TM Forum’s Pilot

TM Forum, the industry association driving digital transformation through collaboration, has successfully completed an alpha trial of a new Inclusion and Diversity Score (IDS) – a single, universal index, believed to be the first in the world to measure both diversity and cultural inclusiveness, providing a benchmark for real change.

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Accenture Acquires Xoomworks to Enhance Procurement and Digital Transformation Capabilities in Europe

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Accenture Acquires Xoomworks to Enhance Procurement and Digital Transformation Capabilities in Europe

Accenture has acquired Xoomworks Group, a consulting and technology company that specializes in procurement technology, digital innovation and software solutions development

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BigID Announces SAP Endorsed Apps Certification for its Discovery-in-Depth Data Insight Platform

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BigID Announces SAP Endorsed Apps Certification for its Discovery-in-Depth Data Insight Platform

BigID, a leader in data management for privacy, security, and governance, announced that the Discovery-in-Depth Data Insight Platform, a cloud-native solution, is a certified SAP-endorsed app available on SAP® Store, the online marketplace for SAP and partner offerings.

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IBM Board of Directors Approves Separation of Kyndryl

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IBM Board of Directors Approves Separation of Kyndryl

IBM announced that its board of directors has approved the previously announced separation of Kyndryl, the company’s managed infrastructure services business.

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Insight Consulting poised to fast-track more African companies' data strategies

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Insight Consulting poised to fast-track more African companies' data strategies

Fresh from celebrating heritage month in South Africa in September, Insight Consulting’s Sales Director Charlene Smith says while it is prudent to pay homage to the immense talent pool across Africa, it is important that companies such as Insight Consulting commit to fast-tracking even more African companies’ data strategies so that they can unlock their immense potential and become more competitive in the rapidly digitising world.

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Bain & Company launches executive program for female leaders

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Bain & Company launches executive program for female leaders

Global management consulting firm Bain & Company has launched a new program for female managers, with the aim of helping them thrive in their path to senior management and executive roles.

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Consulting giant McKinsey tries courting a new audience: kids

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Consulting giant McKinsey tries courting a new audience: kids

Over the years, McKinsey & Co has advised corporate titans, world leaders and storied institutions. Now, it’s pitching its expertise to an arguably tougher crowd: Generation Z.

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Warsaw-based SAS Advisors join pan-European group Civitta

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Warsaw-based SAS Advisors join pan-European group Civitta

Civitta has bolstered its presence in Poland with Warsaw-based SAS Advisors, lifting its footprint 28 offices across Europe.

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North Highland Announces Long Term CEO Dan Reardon to Transition to Executive Chair of the Board

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North Highland Announces Long Term CEO Dan Reardon to Transition to Executive Chair of the Board

North Highland, the leading change and transformation management consulting firm, has named Managing Director and Group President Alex Bombeck as CEO, effective January 1, 2022.

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Shopify opens e-commerce platform to enterprise ERP vendors

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Shopify opens e-commerce platform to enterprise ERP vendors

Shopify Inc., an e-commerce platform traditionally used by small to midsized businesses, is making a new play for larger enterprises.

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EVERSANA Acquires Protean

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EVERSANA Acquires Protean

EVERSANA™, the pioneer of next-generation commercial services to the global life sciences industry, announced the acquisition of Protean, the leading market access consulting firm, specializing in channel and trade, patient services and payer contracting operations.

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KPMG announces three new Partner promotions

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KPMG announces three new Partner promotions

KPMG in the Crown Dependencies has announced three new Partners.

Brian Bethell and Ben Honeywood are both promoted to Audit Partner and Paul Eastwood is promoted to Tax Partner, with the new positions taking effect this month.

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MSD Partners Buys 50% Of Consultancy West Monroe

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MSD Partners Buys 50% Of Consultancy West Monroe

MSD Partners, the investment firm that grew out of Michael Dell’s family office, has agreed to take a 50% stake in digital consulting firm West Monroe

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Boston Consulting Group partners earned $1.7m last year

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Boston Consulting Group partners earned $1.7m last year

How much would you earn if you left banking and joined Boston Consulting Group in London? And how high would your salary be if you stayed long enough to make partner?

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EHR consultancy Fusion Health launches management consulting firm

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EHR consultancy Fusion Health launches management consulting firm

Fusion Health, a Woodbridge, NJ-based provider of electronic health record (EHR) solutions and services to the correctional sector, has launched a new management consulting firm: Fusion Strategy Partne

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IBM Consulting has expanded hiring

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IBM Consulting has expanded hiring

IBM Consulting has expanded hiring at double-digits across its global delivery network, including 55,000 fully cloud-trained consultants globally, and over 70% of professionals have deep industry expertise, Mark Foster, senior vice president, IBM Consulting said while speaking about the company's rebranding exercise.

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How Shortages Are Hurting Germany

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How Shortages Are Hurting Germany

Europe’s largest economy is particularly vulnerable to shortages of key parts and raw materials because of its dependence on exports.

FRANKFURT — In Germany, where one in four jobs depends on exports, the crisis gumming up the world’s supply chains is weighing heavily on the economy, which is Europe’s largest and a linchpin to global commerce.

Recent surveys and data point to a sharp slowdown of the German manufacturing powerhouse, and economists have begun to predict a “bottleneck recession.”

Almost everything that German factories need to operate is in short supply, not just computer chips but also plywood, copper, aluminium, plastics and raw materials like cobalt, lithium, nickel and graphite, which are crucial ingredients of electric car batteries.

The auto industry has been hit the hardest. Opel, a unit of Stellantis, the company that owns Jeep and Fiat, said in September that it would shut down a factory in Eisenach until next year because of a shortage of semiconductors. The plant’s 1,300 workers will be furloughed.

More than 40 percent of German companies said they had lost sales because of supply problems in an August survey by the Association of German Chambers of Industry and Commerce. Europewide, exports would have been 7 percent higher in the first six months of the year if not for supply bottlenecks, according to the European Central Bank.

While every economy in the world is suffering from shortages, Germany is particularly sensitive because of its dependence on manufacturing and trade. Nearly half of Germany’s economic output depends on exports of cars, machine tools and other goods, compared with only 12 percent in the United States.

Because Germany is a nation of factories, “the impact is dramatic,” said Oliver Knapp, a senior partner at Roland Berger, a Munich-based consultancy.

The country is also facing a period of political uncertainty. Elections last month left no party with a clear majority, and there is a risk that whatever coalition government emerges will lack enough cohesion to act decisively.

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