Delivering Value Through Insight™ with our Industry Insights
One of the core benefits of Expense Reduction Analysts is our global network of experts, many of whom have developed practical knowledge, experience and insight from extensive careers in relevant industries.
To provide further value, we’ve incorporated this real world knowledge and insight into a range of downloadable white papers, which are available for free and can help you learn more and gain a competitive advantage on a variety of topics.
Since our launch in 1992, we’ve also developed numerous professional relationships with recognized professional bodies and organisations whose insights we’ve also been able to integrate into our white papers.
Explore all of our industry insights and resources below
Explore our latest industry insights and discover practical knowledge and actions you can take to help improve your business. If you’d like to learn more about any of our downloadable white papers or how we can help your business, contact us today.
The Future of Finance: Three Trends Shaping the Financial Services Sector
We won’t be the first to tell you that these are unprecedented times.
For more than two years, the pandemic has changed how we live and work, challenging financial institutions to keep pace with and adapt to a brave new world.
These recent events have led to unprecedented challenges for the financial services industry, creating new disruptions and dramatically accelerating others already underway. Depending on your perspective, the future of the industry will either be perilous or promising.
We choose to focus on the latter.
So, which future trends should you look out for as we move through the second quarter of 2022 and beyond?
The Survival Guide for Trade and Wholesale
How to maintain a competitive edge over your competition
The past three years have provided international supply chains with enough disruption to last a lifetime.
We don’t see that disruption going anywhere overnight.
In 2019, 3,700 British manufacturing, wholesale and retail businesses reported supply chain disruption. That figure tripled in 2021.
To deal with – and take advantage of – the existing supply chain disruption, exacerbated by Covid-19, many suppliers and manufacturers are bypassing wholesalers and going directly to their customers.
Companies within the sector need to stand out and adapt to avoid elimination in such a competitive arena.
Download our four-point survival guide to help trade and wholesale businesses thrive.
Future-proofing Agrifood for the Challenges of 2022
The year ahead is set to be a turbulent one.
Geopolitical infractions, climate change, and the pandemic have all helped shape the first quarter, and decisions – no matter their size – made on one side of the world have had a noticeable impact on the other.
Few sectors feel that impact more strongly than agriculture and food manufacturing.
With every challenging trend comes an opportunity to sidestep the difficulties and future-proof your business.
By doing so, you can contribute towards a sustainable, socially responsible future. One where the consumer has peace of mind that, from crop to table, their food has had a positive impact on the planet.
Five Cost Areas in Your Manufacturing Organisation that Need Your Attention in 2022
Manufacturing organisations are facing a huge range of pressures as we enter 2022. Some of these are a result of COVID, whereas others come from emerging opportunities in technology.
In an increasingly cost-driven world, the amount you’re spending in these cost areas can make the difference between having a tough 2022 or making it your most successful year yet.
Significant improvements can be made to your bottom line by reducing Supply Chain costs by only 10%. Download our full whitepaper which provides tangible actions you can take to reduce costs throughout your supply chain whilst also protecting your business from external challenges.
New EU Customs Rules & Rules of Origin
2021 has certainly been a challenging year for most businesses – Covid 19, supply chain issues, labour shortages and of course, Brexit. Unfortunately for any business trading with the EU it’s about to get more complicated, with more customs controls and procedures being introduced from 1st January 2022.
Rules of Origin – Under the terms of the UK-EU Trade and Cooperation Agreement (TCA) agreement goods moving between the UK and EU could do so tariff-free provided they are classed as being of ‘UK’ or ‘EU’ origin. Origin being defined as where the goods have been produced or manufactured, not where they have been shipped from or to.
With further customs procedures coming into effect shortly, businesses need to ensure they are prepared and ready for the changes – both in terms of compliance and the disruption the changes are likely to cause.
If you need help understanding the new legislation, and the implications for your business, explore our full guide.
Rebooting Retail: Digital Transformation for a Smart & Sustainable Future
Undeniably, the retail sector has been one of the industry’s most severely affected by the recent health and economic crisis. As health and safety concerns became a key factor in the decision-making process, consumer behaviour and habits have changed at record pace and technological adoption – originally predicted to evolve over years – took place just in few months.
Download our full whitepaper today which explores the future of the retail industry, offering recommendations for key elements like digitization, automation and the evolving role of Bricks and Mortar companies. You will also find lots of detail about the “Phygital” world, with additional recommendations for improving your combined physical and digital customer journey.
ERA Solutions for Banks’ Corporate Lending Clients Performing Below Potential
Banks are becoming more and more active in their communities by supporting startup initiatives, and supporting their SME and large corporate clients in their domestic and international markets.
By promoting initiatives in cost optimization to their corporate lending customers particularly to corporates flagged as performing “below potential”, banks show they are actually part of the solution. These initiatives that promote cost optimization programs allow corporates to improve manufacturing processes, build a more sustainable cost base and become more competitive. By doing so, banks mitigate risk. They improve the quality of their corporate loan books reducing loan loss provisions and credit losses; a win-win situation for both their corporate clients and the banks themselves.
Download our whitepaper today which explores how banks can support their corporate clients by delivering cost reduction, which will improve the financial and economic position of both the corporate lending customer and the bank.
Top Insurance Industry Issues in 2021
In the near future, important challenges are emerging for insurance companies in terms of asset allocation and management of new digitalization strategies to ensure high levels of effectiveness and efficiency, consequently also the management of structural costs will have to guarantee the same evolution.
Working closely with firms around the world, our industry specialists have put together a list of the top 10 issues facing the insurance industry in 2021, including details of what these issues mean and introducing some initial thoughts of how to address them.
Download the full publication today to begin exploring the top 10 issues facing the insurance industry.
Improve your Business Performance & Eliminate Challenges
Download our new whitepaper today which offers practical steps you can take to improve your business performance and overcome the challenges and pain points facing you in 2021.
Whatever your products or services, inside our whitepaper you will find an effective framework for creating a path to excellence, that can help you increase profits and reduce costs, whilst enhancing your supply chains and improving operational efficiencies with targeted consolidation.
The details provided are of course not exhaustive, but they establish a methodology which can help you to create a culture of cost optimisation. This mindset is incredibly important not only to strengthen your cash flow but also for ensuring the resilience and agility of your organisation, enabling you to more effectively adapt in an uncertain market place.
Budgeting During Uncertainty
In 2021, challenges and uncertainties will continue to exist. We assume that the next year will not return to a (new) normal, but that instead will present itself as an intermediate period with mid-term implications. With that in mind, the annual routine of preparing scenarios and planning resources becomes an even more business-critical task.
Discover the Top Five Essentials for your budget and strategy cycle by downloading the full white paper today. Budgeting during uncertainty can be challenging, but with the right approach and a suitable strategy, these challenges can quickly become opportunities for your business.
Making the appropriate expense containment decisions in the midst of a pandemic
The Covid-19 pandemic has introduced untold disruption to the world economy and resulted in at least 25% losses in global stocks and millions of lost jobs.
Country by country there are differences in contending with the pandemic and getting people back to work. At the company level, some have been decimated and some are scrambling to add capacity and hire more employees.
However, an environment of uncertainty still exists, and many questions are yet to be answered.
Not only a social issue, which is already relevant enough, but also because talent is essential for any organization, it is necessary to protect Human Capital in organizations. Download our editorial which explains the risks and tangible costs associated with staff reduction decisions, offering alternative options which can improve cash flow and safeguard jobs.
Accelerate your Recovery & Drive Towards Economic Security
Since the middle of March 2020, the world economy has been charting a very uncertain course and finally, the storm has started to ease. At the peak of the crisis, businesses were driven into emergency mode – with little room to manoeuvre. Now that room to manoeuvre is growing again, businesses must grasp this opportunity to accelerate their recovery whilst also implementing measures to protect themselves from any future pandemics.
The key task for a business is to increase their resilience in the recovery phase. To understand how the recovery phase will look specifically in each sector, we can use other countries to give an indication. China, for example, is 2 months ahead of most other countries around the world. There, it can be seen that one month after the end of the lockdown, 90% of automotive businesses were active again – however, only 70% of textile businesses were and only 40% for catering businesses.
Download our white paper and discover our top 5 recommendations for accelerating your business towards economic security. These actions can help you to protect cash flow whilst security your supply chain.
Crisis Management in Logistics & Supply Chain Management
Steering through an economic crisis demands the highest level of flexibility and adaptability in a business. In times of crisis, businesses usually respond with job losses but once the upturn then comes, there is a lack of experienced workers and capacity, through which the competitiveness and future capability of the business suffers.
Economic crises are like an exercise in Change Management – under high pressure and fast motion. Here, special attention is needed in logistics and delivery chains. During crisis management, the immediate short-term measures called for in the period of crisis should not detract attention from the time following the crisis. As soon as the situation has stabilised, opportunities for the future need to be sought.
Active, courageous and flexible actions are the basic pre-requisite for this.
A particular emphasis should be placed here on liquidity. To manage this actively, the direct or indirect influences on material requirements, transport and personnel within the supply chain must be considered.
Download the full white paper today which will explore the 4 key factors which influence your supply chain and need immediate analysis. For each factor we examine additional details to help you strengthen your supply chain.
Transport Logistics: There is Potential in Data Graveyards
Transport logistics: a crucial area of every business and critical to success. If this aspect is not working as best it can, then either production or supply performance are at risk – at worst, both. What makes this more difficult is that transport logistics represents a really complex subject, affected by many factors.
There is a lot to do! Digitalisation is often still in its infancy in transport logistics. So, should we just carry on as we always have because it works? This can’t be the answer as digitalisation is forging ahead, and with it, the requirements of businesses.
The consequences are clear: those who let digitalisation pass them by endanger their chances of growth. However, it is not at all hard to leverage new potentials – you just need a consistent view of the processes in your business and an openness to new solutions and processes.
Download the full white paper today and begin exploring how you can leverage digitalisation to improve your processes for transport logistics.
Navigating Stormy Waters
Across almost all industries, the past ten years has seen a substantial level of uncertainty become normality. Longheld beliefs have been turned on their heads by both political and economic pressures and with COVID-19, further unpredictability has carried us into the new decade.
The reality for many businesses is that this uncertainty will continue to play a significant role in decision-making and strategy.
In a turbulent corporate landscape, we take a look at the potential barriers that CFOs need to overcome to achieve long term success. Our report highlights the need to ‘Save-to-Steer’ through these challenging times and maximise operational efficiencies – something that is becoming increasingly important for major businesses. We also take a look at how intelligent, long-term strategies must be the way forward when faced with such uncertainty. Click the image below to download now.
Download the full white paper today.
Market Challenges and Cost Saving Opportunities for Maintenance, Repair and Operation (MRO)
Our white paper demonstrates how changing procurement practices and making use of either ERP systems, CMMS, stores software or vendors to track, manage and control inventory can streamline processes.
This will ensure key MRO items are on hand as soon as they’re needed. Centralising the acquisition of inventory and tracking maintenance repair and operating supplies, simplifies the process and improves organization.
Our white paper also explores the top 6 areas for achieving cost savings within MRO, explaining what opportunities are available within each area.
Download the full white paper today.
Rising to the Occasion
Created in partnership with the European Business School, our Rising to the Occasion white paper explores how purchasing departments can significantly increase their business performance by engaging with external experts.
Offering extensive research evidence and surveys, the findings made by the European Business School are broken down across a variety of parameters and scenarios, each showing the empirical evidence of the benefits gained from optimizing business functions using the input from external experts.
Download the full white paper today to begin exploring these findings.
Now more than ever, the need for organisations to develop a culture of cost reduction is paramount.
Our Becoming Best in Class white paper explores methods you can use to achieve savings from your supplier base. This includes a variety of negotiation tactics, so whether you’re dealing with existing providers or kick starting the tender process, you can ensure your business is positioned in the best possible way.
Download the white paper and discover how you can negotiation more effectively and explore how you can take advantage of your improved financial flexibility.