Fruit of the Loom transforms its use of data, location tech | Focusing on the future helped Target revamp its digital presence | CES 2020 emphasizes importance of innovating the customer experience
January 22, 2020
CONNECT WITH SMARTBRIEF LinkedInFacebookTwitter
SmartBrief on Business & Politics
Global news headlines for business leadersSIGN UP ⋅   SHARE
Top Story
Fruit of the Loom transforms its use of data, location tech
(Gary Miller/Getty Images)
Fruit of the Loom has moved from using data simply for reporting to using it in predictive analytics modeling, supply chain forecasting and machine learning. Location intelligence technology such as geographic information systems has given the company detailed data on customers at particular stores.
Full Story: Forbes (1/17) 
LinkedIn Twitter Facebook Email
Change Management That Works
Target CIO Michael McNamara took on his position in 2015, when the company was struggling to overcome a data breach and lack of confidence in its digital offerings. He focused on trimming the IT staff by discontinuing most outsourced commitments and worked to attract in-house staff by "selling people on the future, not the present," he says.
Full Story: The Wall Street Journal (tiered subscription model) (1/22) 
LinkedIn Twitter Facebook Email
People - Planet - Profitability
Environmental performance is better in companies that have wider gender diversity, according to a University of Calgary study. "When you have diversity at the table, the entire group ends up looking at the information more carefully, considering a wider range of options and ultimately coming up with a more innovative solution," says Tanya van Biesen of Catalyst, a nonprofit focused on helping women attain leadership roles.
Full Story: Calgary Herald (Alberta) (1/21) 
LinkedIn Twitter Facebook Email
ESG funds raked in a record $20.6 billion in 2019, nearly four times the previous high mark in 2018. Besides the social and environmental appeal of these funds, analysts cite lower costs and increasing availability as reasons for the rising interest.
Full Story: CNBC (1/14) 
LinkedIn Twitter Facebook Email
FEATURED CONTENT - TRANSFORMATION UP CLOSE
Sponsored content from Philip Morris International
Achieve sustainability through digital transformation in 2020
Forward-thinking companies must consider technology and sustainability goals in tandem. It is important that companies approach the adoption of any new technology by evaluating its sustainability impact while at the same time considering ways that technology can help them achieve sustainability goals. With the right approach, businesses can improve sustainability through technology implementation. Read more.
 
Going Digital
"Change fatigue" can cause digital transformation initiatives in manufacturing to fail, but there are ways to get reluctant employees to participate, writes GuideSpark CEO Keith Kitani. He lists five steps to become "change-ready," including explaining why changes are being made and prioritizing communication across channels.
Full Story: Manufacturing (1/17) 
LinkedIn Twitter Facebook Email
Manufacturers need to take a human-centered, iterative approach to digital supply chain transformation while avoiding the common pitfalls of focusing only on technology and process and failing to build on the success of pilot projects, according to this McKinsey analysis. Successful transformations have a single objective, build on existing capabilities and use agile approaches, the authors write.
Full Story: McKinsey (1/2020) 
LinkedIn Twitter Facebook Email
Sharing Business Transformation SmartBrief with your network keeps the quality of content high and these daily updates free.
Refer 10 new readers to receive one year of digital access to The New York Times. Experience groundbreaking reporting, commentary, documentaries and more.
CLICK HERE
Or copy & share your personalized link:
smartbrief.com/btsb/?referrerId=eSrjcNdqNS
At the end of the day, we can endure much more than we think we can.
Frida Kahlo,
artist
LinkedIn Twitter Facebook Email
This content is sponsored by Philip Morris International but is subject to the sole and exclusive editorial control of SmartBrief. Therefore, the views expressed do not represent the views of Philip Morris International.
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004