Search results for: 'value based procurement'

The year 2023 will begin with three disruptive forces already playing out. The first is inflationary pressure on wages. The global labor market is expected to remain tight due to aging workforces and stringent immigration policies. The COVID-19 pandemic’s impact on labor force turnover rates will keep price inflation higher than pre-pandemic lev...

Concerns about climate change and carbon emissions have put enormous pressure on nations to reduce emissions and move toward carbon neutrality. Decarbonization of industry, transport, heating, and energy has become imperative, and stakeholders must act now to reach climate targets and prevent further damage to the environment. The global electro...

Enhancing customer experience tops the list of manufacturers’ goals for 2023. To meet escalating customer demands, these enterprises are taking steps, such as adding new services and products; expanding customization capabilities; offering multiple contact channels; and enabling remote, always-on services, portal-based ordering, and account access....

Smart sensors employs microelectromechanical systems (MEMS) and very-large-scale integration (VLSI) technology to function effectively. A smart sensor is a device that receives input from the physical world, and upon detection, leverages internal computing power to carry out predefined actions to provide optimized output. Key operations of smart se...

This study covers engineered wood (EW) products (including plywood, oriented strand board (OSB), laminated veneer lumber (LVL), cross-laminated timber (CLT), medium- and high-density fiberboard (MDF, HDF), particleboard (or chipboard), glued laminated timber (glulam), and hardboard) and bonding agents (including melamine-urea-formaldehyde (MUF), ph...

Despite the global economy outperforming expectations and avoiding a recession in 2023, Frost & Sullivan expects a mild growth slowdown in 2024 as tight monetary conditions, diminishing consumer confidence, weak trade prospects, and subdued housing markets in key regions weigh on momentum. However, with policymakers managing to put inflation on...

This Frost Radar analyzes and positions 16 of the world's leading and most dynamic direct air carbon capture (DACC) technology industry players. DACC will prove instrumental in enabling net-zero pathways. This negative-emissions carbon dioxide removal (CDR) technology employs solid or liquid adsorbents/solvents to capture carbon dioxide (CO2) ...

In the cloud industry and most other technology-related industries, 2024 will be all about artificial intelligence (AI). Businesses are grappling with how they can leverage AI (particularly generative AI) to meet their goals. Public cloud providers are at the forefront of efforts to accelerate customers AI adoption by developing foundational model...

Digital twin technology is emerging as a viable opportunity for oil and gas (O&G) companies to utilize and analyze enormous amounts of production data. These solutions enable industry participants to visualize various hypothetical production scenarios in real time. Digital twins are virtual representations of existing assets or systems and allo...