Sustainability is driving changes in supply chain strategy, efficiencies and technologies, as well as how success is measured, according to Jean-Marc Ollagnier, CEO of Accenture in Europe. "While stakeholders have diverse expectations, sustainability offers a way to manage conflicts because it is one commitment they are all likely to share," Ollagnier writes.
Digital supply chains are becoming more interconnected and complex as businesses' virtual operations expand, creating a wider range of cyberrisks as more suppliers and devices are interconnected. Businesses can take several steps to defend their supply chains in this environment, such as developing a detailed map of vital components of the digital and physical supply chains and having security standards that cover key vendors.
Employers with remote workers must understand tax law in states where employees live and where they deliver work, tax expert Carlton Huntley says. Tax lawyer Kelly Erb says employers also must distinguish between independent contractors and employees, who have different deductions available.
Challenges from organizational change are often underestimated as leaders may be overly optimistic, lack understanding of the scope of the effort and fail to use their experience as guidance, Erika Andersen writes. Andersen notes that it's important to use active listening skills and be diplomatic and neutral in communications to overcome these issues.
The latest Federal Reserve Beige Book reports "modest to moderate" economic growth in September and early October and highlights a continued rise in consumer spending. However, it also says "some districts noted increased uncertainty and more cautious optimism than in previous months," with several businesses that contributed to the report expecting high prices and supply chain difficulties to persist.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.