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Many businesses have the potential to use inflation as an opportunity to improve their efficiency and resiliency. In this webinar replay, experts from Oliver Wyman discuss the possible economic scenarios.
GLOBAL RISKS REPORT 2024
A key resource to help you understand the top risks for 2024 and beyond. Data and insights from more than 1,400 global experts and leaders.
INFLATION: THE IMPACT ON THE CONSTRUCTION SECTOR
From a 66% increase in the price of fabricated steel, to major spikes in the price of softwood lumber, to a jump of more than 500% in the price of oriented strand board (OSB) a wood product that is critical to the integrity of a building structure the dramatic price hikes are having a significant effect on contractors and developers. Often, they have no option but to absorb the increased costs, eating into already slim margins and affecting their liquidity.
DIVERSIFYING YOUR SUPPLY CHAIN
The strategic importance of diverse enterprise spend continues to rise. While supplier diversity programs were initially created to target spending on goods and services from socially or economically disadvantaged businesses, their impact goes beyond social responsibility. These programs have proven to be instrumental in promoting healthy competition resulting in lower prices and fostering innovation within the supply chain.
GENERATIVE AI
Generative AI brings both challenges and opportunities for businesses. It has the power to boost productivity, enhance decision-making, improve client experiences and transform business models. However, it also comes with risks that need careful management to ensure security and compliance. At Marsh McLennan, we are leading the way in responsible AI adoption, building powerful AI tools to support how our colleagues work and using that experience to advise clients on how to harness AI's potential to drive innovation, mitigate risks and achieve growth.
HOW TO OPTIMIZE YOUR INVESTMENTS IN PREVENTATIVE CARE
Employers can play a critical role in improving the health and well-being of their employees. But especially in this time of rising costs and high inflation it’s important to carefully consider all investments in workforce health to ensure dollars are not wasted on low-value care. By low-value care, we mean services that provide little or no benefit to people, have potential to cause harm, incur unnecessary cost, or waste limited healthcare resources. Over time, research has shown that certain services that were once assumed to be beneficial even essential actually deliver little or no value.