Improving business performance and efficiency
The Procurement Act 2023 (the Act) introduces in a new phase in how the public sector manages contracts. In addition to streamlining procurement to support small businesses and social enterprises and promote innovation, the Act places significant emphasis on robust contract management.
The implementation of the Procurement Act 2023 marks a significant milestone in the evolution of public sector procurement practices. Designed to enhance transparency, fairness and efficiency in government purchasing, the legislation brings about a series of changes that public sector buyers must be aware of and prepared for ahead of its implementation in October 2024.
In the current economic climate, institutions within the education sector are under increasing pressure to secure and maintain essential funding. Ensuring compliance with funding rules is therefore critical for those accessing funds through the Education and Skills Funding Agency (ESFA) or Mayoral Combined Authorities (MCAs).
Our study, drawing on the perspectives of nearly 400 executives in the public and social sector, uncovers a significant shift in the overall viewpoint and priorities of leaders in the sector, indicating a strategic realignment is on the cards. Organisations are becoming increasingly conscious of the intensifying influence of public perception and leaders are looking to build resilience in a new era...
Pharma and life sciences companies should act now to prevent impact on drug production capabilities and business viability.
Life sciences organisations currently have great potential to thrive in the UK however, they are also facing significant challenges which, if not managed correctly, will limit this opportunity. Hear from industry experts to learn what boards must consider to successfully govern in this post-Covid era.
Companies operating in the pharmaceutical sector report on many different metrics and KPIs, including GAAP measures under IFRS, other financial Alternative Performance Measures (APMs) and other non-financial measures often linked to strategic objectives.
Digital transformation and innovation hold the potential to overhaul energy operations, ushering in a new era of consumer experience, placing sustainability at its core, and generating a richer economy. By harnessing the power of innovative engineering, the energy industry can overcome the challenges posed by climate change and adopt responsible energy solutions
03/11/2022. Radical changes are needed to the way energy is produced, priced and consumed in the UK to provide long-term stability and tackle climate change. What does evolution of the UK energy system look like and what should businesses do to prepare for energy transition?
13/07/2022. Public-Private Partnerships (PPP), also known as Private Finance Initiatives (PFI) in the UK, have become a solution to a gap in public investment derived from natural budgetary constraints worldwide. This model is based upon joint working and risk sharing and brings together private sector solutions, technologies and investments and public sector oversight.
15/07/2021. Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP) have come under increased scrutiny in recent years after a rising number of defaults. In part one of this two-part series, we examine five major risk factors causing distress, while in part two, we reveal common issues and key success factors when it comes to restructuring PFI and PPP contracts.
15/07/2021. In recent years, the market has seen an increasing number of high-profile defaults of Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP) – and the risk remains that these continue going forward. After examining major risk factors causing distress in part one of this two-part series, we focus in this article on common issues and key success factors associated with restructuring...
Finding a physical store location allows retailers to build on their online brand image and reinforce their customer loyalty. However, the nuances of the UK retail real estate market mean that retailers will need support to navigate the choices of available locations and associated obligations of taking onerous leases.
Faced with high inflation and a cost-of-living-crisis, retailers are under significant pressure. What steps can supply chain leaders take to help their businesses stay profitable?
The adage ‘the customer is always right’ is a staple of the consumer sector – and with good reason. Consumer demands are constantly shifting and, with it, so are their behaviours, aspirations and desires, all of which affect the triple bottom line.
30/10/2023. The consumer sector is in the midst of international transformation. Global trends and macroeconomic pressures including inflation, geopolitical conflict, regulatory change and a spike in e-commerce driven by the pandemic have all accelerated the pace of change. To ride out these challenges, many companies have shifted to new business models, sales channels and ways of engaging with their...
Retailers rapidly responded to the pandemic by digitally transforming and need to make sure internal control environments have evolved at the same pace.
Based on survey data, the 'Beyond efficiency report' looks to understand Councils' approaches to financial sustainability and risk. The annual 'local government internal audit planning report' analyses common causes for issues being identified, and makes suggestions for areas internal auditors may want to include in their annual plan to gain assurance that the root causes are being addressed.
Insights from over 170 individuals across the UK public and social sector highlighted that the UK is on the cusp of a recruitment and retention crisis. Amid ongoing social and economic instability, how can we improve efforts to support our public sector workforce and effectively attract new talent?
Over 300 individuals from across the UK public and social sector told us that the UK is at a critical juncture. Amid on going social and economic turmoil, decisive action is needed now to support those most in need.
In 2022, an estimated 18,000 adult social care organisations in England, were involved in providing or organising adult social care. Inevitably, there are issues to consider when looking at recruitment, reward, and retention for the estimated 1.635 million workforce [1].
Against a backdrop of political uncertainty, unprecedented strike action and the prevailing cost of living crisis ‒ itself a consequence of the conflict in Ukraine among other factors ‒ many of the UK’s most vulnerable communities are at risk of becoming more marginalised and face more hardship.
A time of transformation.
Based on insight from more than 800 executives from 27 countries, we uncover what business leaders across the globe really think amidst a backdrop of inflation and economic instability, increasingly complex rules and regulations, growing energy prices and geopolitical tensions in our latest C-suite barometer 2023.
The extent to which an organisation’s culture supports the execution of its strategy, the management of risk and the treatment of its service users is increasingly under the spotlight, and weaknesses in culture are now frequently blamed for failings in these areas.
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