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WITH financial frauds growing in complexity and sophistication, it goes without saying that the importance of forensic accountants and auditors in spotting wrongdoing is increasing – so it is worrying when evidence suggests that the quality of audits maybe declining. Pressure on the audit profession in the UK, for instance, has intensified amid criticism for failing to spot financial problems at well-known companies, such as Carillion and Patisserie Valerie.…

With UK dairy farm profits declining in the year ending March 2019 amidst falling demand for liquid milk, there are understandable concerns as Britain exits the European Union (EU) on January 31 – starting a 12 month countdown to its practical exit from the EU Common Agricultural Policy (CAP).…

BEAUTY consumers worldwide are demanding more transparency in manufacturing processes and ingredients, less environmental impact, and simple and clean ingredients. So goes the product, so goes the packaging. The beauty industry is responding with brand packaging and labelling that transmits a marketing message that the beauty product inside may be healthy and full of goodness.…

SALES within the South African home paint market are expected to reach USD416.6 million (South African Rand ZAR5.96 billion) in the year to December 2019, up from USD358 million (ZAR5.12 billion) in the previous year, but industry association officials fear this growth could be hit by South Africa’s weak general economy in the coming year.…

A series of reports published in recent weeks have highlighted the need for increased collaboration across the shipping industry to develop and share best practice to significantly reduce the sector’s carbon footprint. Between 2000 and 2017, the CO2 emissions associated with the shipping sector grew at an average annual rate of 1.87% between 2000 and 2017, according to a report published in September by the Bonn-based International Renewable Energy Agency (IRENA), ‘Navigating the way to a renewable future: solutions to decarbonise shipping’, resulting in emissions of  677 megatonnes (Mt) of CO2 in 2017.…

INDUSTRY 4.0 – WHAT IT MEANS AND WHY IT MATTERS FOR FASHION SUPPLY CHAINS

Experts have told just-style of the urgent need for clothing manufacturers to embrace Industry 4.0, to boost productivity and harness creativity. Mark Burstein, president at Florida, USA-based NGC Software, which provides supply chain and PLM solutions to the apparel sector, said that Industry 4.0 would help pull the apparel sector from siloed PLM solutions and isolated assessments of supply chain management: “This is where most of the fashion industry is today,” he explained.…

Recent high-profile surveys on the attractiveness of Germany as an investment location paint a conflicting picture, but generally experts agree the country is a good place to invest. Professional services firm EY reported a 13% year-on-year drop in inbound foreign direct investment (FDI) deals in 2018, to 973, while the OECD recorded inbound FDI value January-July 2019 to reach USD22 billion, from just USD 1 billion in the previous semester.  …

A highly competitive market combined with healthy sums of investor capital look set to drive forward an increase  in merger/acquisition (M/A) activity in the cosmetic packaging sector, as companies seek to deliver added value to existing customer bases and extend their footprint into new territories, both geographic and product ranges.…

JAPAN’S Kao Corp has unveiled the first cosmetics product that makes use of its cutting-edge Fine Fibre Technology to moisturise and protect the skin. A Biomimesis Veil product will be added to the cosmetics giant’s Sensai prestige brand in Japan from December 4, with launches in other markets to follow.…

THE PHILIPPINES paint and coatings sector maybe growing robustly – at an average of 6.5-7% over the past two years to reach USD900 million in 2018 says market researchers Frost & Sullivan – but the local manufacturers think they could do a lot better.…