Latest news with #operationalExcellence
Forbes
4 days ago
- Business
- Forbes
4 Reasons Resilience Has Replaced Cost-Cutting As The New Efficiency
At EXCELR8, we have spent considerable time working closely with clients and customers in the manufacturing industry. For the better part of three decades, offshoring was considered the gold standard of operational efficiency. By sending manufacturing overseas, companies gained access to lower labor costs, lighter regulations, and the illusion of unshakable profit margins. Between 2000 and 2010 alone, an estimated 3 million American jobs shifted offshore, according to Supply Chain Management Review. Energy followed a similar trajectory—imported cheaply, managed remotely, and rarely a strategic focus unless prices spiked. And while those decisions once looked rational on paper, the fragility of that globalized model has since been exposed. The last few years shattered the illusion of stability. Pandemic-fueled supply chain collapses, energy volatility driven by war and geopolitics, and cascading material shortages revealed a truth long ignored: proximity matters. Control matters. Resilience matters. And now—smart, forward-thinking leaders are taking notice. This shift isn't about rolling back globalization. It's about redefining what operational excellence means in a world where risk moves faster than your supply chain can react. True efficiency in today's environment is rooted in resilience and powered by intelligence. It's not just about lowering costs—it's about building systems that can absorb shocks, adapt to change, and sustain momentum. It's the difference between waiting six months for a part that used to arrive in six days—or producing it locally, with speed, precision, and the agility to innovate in real time. Reshoring manufacturing creates more than logistical convenience. It creates a competitive advantage. You're no longer separated from your operations by twelve time zones and 3,000 miles. You can walk the floor, spot inefficiencies, test innovations, and optimize processes on the fly. You move from reactive firefighting to proactive value creation. As my colleague Michael McLaren, CEO of Safe & Green Holdings Corp. puts it, 'We've had an incredible surge in clients coming back to us saying, 'We want this manufactured here.' That's thanks in large part to tariffs—and a renewed desire to bring jobs back onshore. There's a real sense of pride again in buying American, and companies are starting to put their money where their values are.' The rise of smart manufacturing—driven by automation, robotics, AI, and digital twins—makes reshoring not only viable but transformative. Leaders who embrace these technologies aren't just bringing jobs home—they're reimagining what productivity and innovation look like on U.S. soil. When you digitize the factory floor, you unlock real-time analytics, predictive maintenance, and continuous improvement at scale. When AI augments supply chain decision-making, you eliminate guesswork. And when intelligent platforms track workforce performance, safety, and output simultaneously, you build a system that learns, adapts, and scales. The result? A modern manufacturing ecosystem that's leaner, smarter, and built to last. The conversation around energy must also evolve. This is another sector my company works closely with. The binary framing—fossil fuels vs. renewables—is outdated. The real opportunity lies in innovation: technologically advanced, cleaner, and more adaptive energy systems. Companies like Safe & Green are leading the way—investing in distributed energy generation like solar, wind, battery storage, and even efficient natural gas microgrids. As McLaren notes, 'People tell me oil is just a carbon footprint. But you don't have to create more emissions in production. You can produce it properly, efficiently, and with far less environmental impact than people assume.' This isn't greenwashing. It's strategic adaptation—a recognition that domestic energy, when developed with the right tech stack and standards, becomes a cornerstone of national strength. The primary resistance to reshoring often sounds the same: 'It's too expensive.' But that's a short-term lens on a long-term game. The real cost of overseas dependence only reveals itself in moments of crisis. Delays, tariffs, labor disruptions, and transportation volatility eat away at margins, flexibility, and brand reputation. Reshoring, on the other hand, brings cost predictability, operational transparency, and innovation readiness—not to mention the reputational benefit of supporting American workers. As Global Partner Solutions points out, 'The financial benefits of distant production are shrinking. Reshoring can lead to greater cost predictability, as domestic manufacturers face fewer tariff challenges and more stable shipping costs.' And the economic impact is real. According to American Clean Power, reshored manufacturing facilities contribute $33 billion in domestic spending annually and create jobs that pay $42,000 more than the national average. This isn't nostalgia—it's strategy. Bringing manufacturing and energy production back home isn't about turning back the clock. It's about reclaiming control, embedding intelligence into operations, and designing systems for a future defined by speed, uncertainty, and technological acceleration. It's not just about cost. It's about capability. Sustainability. Agility. It's not political. It's productive. And above all, it's a call to action for leaders willing to trade short-term convenience for long-term strength—the kind of leadership that knows when the world gets more fragile, the bold get more innovative.
Al Bawaba
4 days ago
- Business
- Al Bawaba
Bank of Jordan Receives the Quality Choice Prize 2025 from the European Society for Quality Research (ESQR)
Bank of Jordan has been honored with the 2025 Quality Choice Prize by the European Society for Quality Research (ESQR), based in Lausanne, Switzerland. This prestigious award recognizes the bank's exceptional implementation of comprehensive quality practices, its adherence to international standards in banking services, and its continued efforts to foster a workplace culture rooted in empowerment and ESQR Quality Choice Prize is among the most distinguished international accolades granted to organizations that exemplify a commitment to total quality management and demonstrate outstanding performance in leadership and institutional innovation. Bank of Jordan was selected for this recognition through a comprehensive nomination and voting process, which incorporated feedback from previous prize recipients, companies across diverse sectors, as well as market research and surveys. The results highlighted Bank of Jordan as a benchmark in operational excellence and institutional performance, earning widespread respect within the banking and corporate achievement reflects over six decades of strategic vision and dedicated service. It underscores the bank's steadfast commitment to strengthening its competitive edge, investing in human capital, and upholding the principles of transparency, governance, and social and environmental of Jordan received the accolade during an official ceremony held in Stockholm, Sweden, on 29 May, 2025. The event gathered a distinguished audience of global leaders and quality experts, reinforcing the bank's status as a forward-thinking institution committed to excellence, innovation, and sustainable growth in the banking industry. Founded in 1960, Bank of Jordan is one of the Kingdom's oldest and most venerated financial institutions. Today, it operates regionally in Bahrain, Syria, Iraq, and Palestine, with plans for further expansion. The bank continues to deliver integrated financial services tailored to the needs of individuals and businesses, playing a vital role in driving economic development across the markets it serves.
Entrepreneur
5 days ago
- Business
- Entrepreneur
Japanese Firms Toyo and MODEC to Hire 750 People in its New GCC in Bengaluru
The new centre's launch is part of the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As India continues to be a hotbed for tech and innovation, Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) has officially launched their global capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. The GCC spread across approx. 1,00,000 is set to hire 750 employees over the next three years. The roles will be across functions like engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new centre's launch is part of the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. "Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise," said Eiji Hosoi, President and CEO, Toyo Japan. "By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients," said Hirohiko Miyata, President and CEO, MODEC. According to an EY report, it is estimated that the domestic GCC market size will reach USD 110 billion by the year 2030, led by software exports, which remains a key component of India's service exports. It is predicted that by 2030, India will have 2,400 GCCs and that number can potentially increase to 2,550 as India emerges as the world's technology and services hub. "A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects," said Nakane Tsutomu, Consul General of Japan in Bengaluru.
National Post
03-06-2025
- Business
- National Post
Andersen Consulting Announces Collaboration with Bretteville Consulting
Article content SAN FRANCISCO — Andersen Consulting enters into a Collaboration Agreement with Bretteville Consulting, a management consultancy known for its deep expertise in strategic transformation and operational excellence, strengthening its global platform with complementary solutions for clients around the world. Article content Article content Founded in France, with a presence in China, Singapore, Luxembourg, and the United States, Bretteville Consulting provides strategic advisory services that help organizations drive performance and accelerate transformation. The firm specializes in corporate strategy execution, operational efficiency, and change management. With a senior-led consulting model and a client-first approach, Bretteville has built a reputation for guiding companies through complex business challenges and sustainable growth initiatives. Article content Damien Gourio, managing director of Bretteville Consulting said, 'Andersen's global reach and multidisciplinary platform create a unique opportunity for us to deliver deeper, broader value to our clients. This is a natural evolution for our firm, and a step forward for what we can accomplish through this collaboration.' Article content Mark L. Vorsatz, global chairman and CEO of Andersen, added, 'Bretteville brings deep operational insight and strategic precision to client engagements. Their credentials in financial services, banking and insurance are highly complementary within our global platform and we're already seeing those synergies come to light. Through this collaboration we're expanding our ability to serve global clients with unmatched seamless, integrated services.' Article content Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member and collaborating firms around the world. Article content Article content Article content Article content Article content Article content
Yahoo
27-05-2025
- Business
- Yahoo
Ascentium Expands Network of Local Expertise Across Asia, Launching Centre of Excellence in Malaysia
SINGAPORE, May 27, 2025 /PRNewswire/ -- Ascentium, a leading global business services platform headquartered in Singapore, has announced the launch of Ascentium Max, a new Centre of Excellence (CoE) in Kuala Lumpur. This state-of-the-art shared service centre is designed to optimise key internal operations and support the company's growth across Asia, as well as plans to expand into additional emerging markets. Lennard Yong, Founding Management and Group CEO of Ascentium, shared his thoughts on the launch: "Strategically located in Kuala Lumpur, the establishment of Ascentium Max is a significant step forward in our commitment to operational excellence and regional growth. This Centre of Excellence will serve as a cornerstone for our expansion plans into new markets and play a pivotal role in Ascentium's Asia Pacific operations, ensuring seamless transition while offering scalable support for future business needs." Centralised Expertise Driving Operational Excellence Across AsiaOperating as a non-client-facing shared service hub, Ascentium Max consolidates key processes to enhance operational effectiveness, serving as a hub for specialised expertise and best practices. It supports various branches and entities of the Group by enabling our businesses across the Asia Pacific region to focus on strategic priorities while ensuring essential backend operations are seamlessly managed. Comprehensive Service Portfolio Ascentium Max is staffed by a team of highly skilled professionals with expertise across several critical business functions, including: Company Secretarial Services – Ensuring compliance and governance management. Know Your Customer (KYC) – Standardising client verification and due diligence. Accounting and Tax Services – Providing accurate financial and tax reporting and oversight. Payroll Processing – Streamlining workforce management. By centralising these key functions, Ascentium Max delivers substantial benefits, including: Enhanced Efficiency – Streamlining workflows for faster turnarounds with the latest technology and tools. Improved Accuracy – Reducing errors and strengthening data integrity. Cost Optimisation – Achieving economies of scale and reducing redundancies. Consistent Quality – Maintaining uniform adherence to best practices. Scalability – Preparing for future business expansion. About Ascentium Ascentium is a leading global business services platform dedicated to helping businesses scale greater heights. Headquartered in Singapore, we empower extraordinary growth through specialised expertise and comprehensive one-stop solutions in corporate services, finance and accounting, HR services, and fiduciary and trust services. Our team of 2,300+ professionals spans 44 cities across 22 markets in Asia-Pacific, the Middle East, the Americas, and Europe, serving 50,000+ client entities across diverse industries. Through innovative, technology-enabled solutions and a collaborative approach, Ascentium drives transformative growth, helping clients navigate complex global environments. For more information, please visit View original content to download multimedia: SOURCE Ascentium Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
