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David Food

Head of Supply Chain at Board International

Egham, United Kingdom

For me, every day is full, full of opportunity, full of potential, full of choices. Normally shared with others who are looking to understand better, gain clarity and insight and make choices that will make a difference to their teams, their businesses or their supply chains.

I find the accelerated pace of change is like kite flying; you have to be sensitive to the wind and catch the next gust to take you higher. The privilege of helping supply chain teams to understand better and strategize more clearly is both an ah-ha moment for me but also for all those involved.

Using intelligent technologies to automate the simple tasks to unleash more time and space for innovation and change, means I have to stay connected and socially engaged as there is always something new to learn and apply. Being in the midst of the conversation means I get to cover a lot of ground and know a lot of people, the handshaking and coffee have been replaced by zooming/teams, but the opportunity to introduce and facilitate catalytic conversations is still at the centre of what I do.

Seeing people take intelligent procurement systems to market gives me such a buzz. Helping to enlarge executives' worlds through educational experiences that lay the foundations for the adoption of Supply Chain Control Towers bringing accelerated change. Adding responsive machine learning to adapt and improve forecasting into a large global company means more profit but also less waste and as a result, a better planet puts a smile on my face as I walk the dog and consider the beauty of creation.

I have grown a broad set of interests and experience that has added value to teams who have generated benefits out of supply chain, automated marketing, or social media. I love evangelizing on supply chain (Blockchain, Big Data, AI, drones, Machine learning, and 3D printing) and social media helps me bring a prophetic edge to future thinking. (A Supply Chain Futurologist who teaches Postgraduate students).

Available For: Advising, Authoring, Consulting, Influencing, Speaking
Travels From: Egham, London, Surrey, UK
Speaking Topics: Supply Chain, Procurement, Collaborative Leadership, Automated Marketing

David Food Points
Academic 8
Author 515
Influencer 233
Speaker 34
Entrepreneur 0
Total 790

Points based upon Thinkers360 patent-pending algorithm.

Thought Leader Profile

Portfolio Mix

Company Information

Company Type: Company
Business Unit: Supply Chain
Theatre: Global
Minimum Project Size: Undisclosed
Average Hourly Rate: Undisclosed
Number of Employees: Undisclosed
Company Founded Date: Undisclosed
Media Experience: 30 years
Last Media Training: 11/10/2021
Last Media Interview: 12/12/2022

Areas of Expertise

Agile 30.21
AI 30.15
Analytics 32.03
AR/VR 30.22
Autonomous Vehicles 30.58
Big Data 30.82
Blockchain 32.34
Business Strategy 30.81
Careers
Change Management 30.15
Climate Change 31.28
Cloud
Coaching
COVID19 35.97
CRM 30.07
CSR 30.23
Culture 30.18
Customer Experience 30.63
Customer Loyalty 30.06
Cybersecurity 30.19
Design Thinking 30.20
Digital Disruption 30.48
Digital Transformation 31.03
Digital Twins 35.96
Diversity and Inclusion 30.12
Ecosystems 30.24
EdTech 30.90
Emerging Technology 31.24
Entrepreneurship 30.37
ERP 30.03
FinTech 30.86
Future of Work 30.69
Health and Wellness 30.16
HR 30.40
Innovation 31.49
International Relations 30.78
IoT 30.53
Leadership 30.78
Management 31.38
Marketing 30.55
Mental Health 30.12
Metaverse 30.27
Mobility 30.39
Open Innovation 30.56
Predictive Analytics 30.30
Procurement 41.90
Retail 31.33
Risk Management 33.62
RPA 30.80
Smart Cities 32.77
Social 31.53
Startups 30.08
Supply Chain 46.35
Sustainability 37.89

Industry Experience

Aerospace & Defense
Automotive
Chemicals
Consumer Products
Financial Services & Banking
Furniture
High Tech & Electronics
Higher Education & Research
Industrial Machinery & Components
Manufacturing
Media
Oil & Gas
Other
Pharmaceuticals
Professional Services
Retail
Telecommunications
Utilities
Wholesale Distribution

Publications

1 Academic Citation
“Implementation of Demand Sensing in Supply Chain Management”
Logistics Research Network
September 05, 2022
Akzhunis Arystanbek said: “It is a huge honour and pleasure for me to receive this award. My study involved an investigation into a very specialised area of supply chain management. When writing a dissertation, we all stand on the shoulders of giants.

“After graduating I moved on to continue my career in supply chain management at a metals and mining company in Kazakhstan.”

Akzhunis’s research was supervised by David Food, Industrial Fellow at WMG and Head of Supply Chain at Board International, who said: “Akzhunis was a thoroughly diligent and focussed researcher who delivered value and insight both through the creation of the data and in the interpretation of the results, delivering insights that would be commercially beneficial.”

See publication

Tags: Digital Transformation, International Relations, Supply Chain

2 Analyst Reports
Improving Financial and Supply Chain Alignment
Board
July 10, 2023
Practical advice for eliminating supply chain bottlenecks through better cross-functional planning

See publication

Tags: FinTech, Supply Chain

Supply Chain Trends to watch for 2022
Board International
January 14, 2022
Dave Food explores the trends to pay attention to in SUpply Chain in 2022

See publication

Tags: Analytics, Digital Twins, Supply Chain

489 Article/Blogs
Is your planning, built on Excel healthy and good for the team?
Linkedln
April 10, 2024
The mental health impact on supply chain planners post-COVID has been multifaceted. It reflects the complexities of supply chain management, the unique challenges introduced by the pandemic, and the limitations and pressures of using solutions such as Excel as a primary tool for managing these complexities. This has resulted in long hours, a significant increase in employee attrition, and declining planning productivity.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

Is your planning team thriving?
Linkedln
April 10, 2024
The mental health impact on supply chain planners post-COVID has been multifaceted. It reflects the complexities of supply chain management, the unique challenges introduced by the pandemic, and the limitations and pressures of using solutions such as Excel as a primary tool for managing these complexities. This has resulted in long hours, a significant increase in employee attrition, and declining planning productivity.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

Why planning matters for Antifragile supply chains
Linkedln
April 02, 2024
Planning plays a pivotal role in creating an antifragile supply chain, which is not just about surviving under stress but also improving and becoming stronger from the experience of facing disruptions. In a world where supply chains are increasingly complex and exposed to a wide array of potential disruptions—from natural disasters and pandemics to cyber attacks and geopolitical changes—having an antifragile approach is essential.

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Tags: Digital Transformation, Procurement, Supply Chain

Supply Chain Planning improving, why not?
Linkedln
March 29, 2024
Supply chain planning needs to prioritize resilience and agility to cope with disruptive events such as a pandemic or a disruption to global shipping routes, including building redundancy into supply chains, diversifying sourcing strategies, and investing in technologies that enable rapid planning and adaptation to changing conditions.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

IBP - the pathway to achieving value
Linkedln
March 19, 2024
By defining and then continuing to review the objectives of Integrated Business Planning (IBP) within your organization. These objectives should align with the overall strategic goals of the business, improving profitability or enhancing customer service, or optimizing inventory management.

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Tags: Digital Transformation, Procurement, Supply Chain

Empower Supply Chain resilience through S and OP.
Linkedln
March 11, 2024
Sales and Operations Planning (S&OP) enhances supply chain resilience by providing a structured and collaborative approach to aligning key organisational functions.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

Integrated Business Planning IBP 2024 Guide (How to)
Linkedln
March 04, 2024
The 2024 Intent Group Guide on Integrated Business Planning (IBP) is a comprehensive resource derived from direct interviews with IBP, Planning, and Supply Chain Leaders. Want the full guide click here.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

Are your SC planning tactics match fit and market-ready?
Linkedln
February 26, 2024
We continue to wrestle with global instability, pandemic aftermath, and various factors contributing to raw materials and components shortages, resulting in production delays and increased costs. Fuel price fluctuations, labour shortages, and port congestion further escalate expenses, impacting profits.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

Improving SC visibility helps improve SC planning.
Linkedln
February 19, 2024
As I taught a course on improving visibility in supply chain planning last week, I was asked why ERP or SCP systems were insufficient; a planning layer is crucial for optimizing operations, reducing costs, and enhancing overall efficiency.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

Is planning around the Supply Chain cutting it?
Linkedln
February 14, 2024
There is an increased reliance on advanced technologies such as artificial intelligence, machine learning, and predictive analytics to enhance decision-making processes. Companies are looking for the integration of digital platforms and tools to enable dynamic decisions through visibility and collaboration across the entire supply chain. With an emphasis on agile supply chain strategies that can quickly adapt to changes in demand, disruptions, or market dynamics. With a focus on the use of scenario planning to model and prepare for various potential scenarios, allowing for proactive decision-making.

See publication

Tags: Digital Transformation, Procurement, Supply Chain

How do I make S&OP work?
Linkedln
February 06, 2024
Sales and Operations Planning (S&OP) is a process that brings together various functions within an organization, sales, marketing, procurement, finance, and operations, to align their activities and create an integrated plan that supports the overall business strategy. The goal is to balance customer demand and the organization's ability to meet that demand efficiently.

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Tags: Digital Transformation, Procurement, Supply Chain

Does ESG affect your corporate strategy as it should?
Linkedln
January 29, 2024
Sustainability and strategy are two words that come together. This connectivity results in several companies implementing an Environmental, Social, and Governance (ESG) strategy. Investments in ESG can be powerful in influencing third-party ESG metrics and measuring a corporation’s performance.

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Tags: Digital Transformation, Procurement, Supply Chain

What does 2024 hold for Supply Chain?
Linkedln
January 15, 2024
With the upheavals caused by the pandemic between 2020 and 2022, companies are undergoing a paradigm shift, moving from short-term thinking to strategic supply chain approaches. A Gartner survey emphasized a significant rise in the adoption of advanced analytics and end-to-end Scenario modelling, with 41% of supply chain organizations currently implementing these strategies and an additional 48% planning to do so within the next two years.

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Tags: Digital Transformation, Procurement, Supply Chain

Supply Chain trends for 2024
Linkedln
December 14, 2023
Chief Supply Chain Officers (CSCOs) oversee critical aspects of a company's operations, and they have a range of levers to optimize and enhance supply chain performance. Here are several key levers that CSCOs will focus on in 2024.

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Tags: Digital Transformation, Procurement, Supply Chain

Supply Chain considerations through the ESG lens
Dave Food
May 26, 2023
Making supply chain planning decisions, including the dimensions of Waste, Carbon, Societal Impact, Profitability and Customer Service, requires intelligent planning tools to drive intelligent planning decisions.

See publication

Tags: Smart Cities, Supply Chain, Sustainability

Faith and Music impact mental health
Dave Food
May 22, 2023
Pressure and unrealistic expectation are post covid themes in the workplace that jeopardise our mental health and sense of well-being, to thrive and survive in these times, pay attention to whom you can harmonize with, what purpose you can align to and your contribution to a healthier world.

See publication

Tags: Culture, Entrepreneurship, Health and Wellness

Account-based Marketing best practices
Import from wordpress feed
March 13, 2023



Account-based Marketing (ABM) is centred on a growth strategy in which Marketing and Sales teams work together about accounts; they trace advancement to generate personalised buying experiences heading to more effective sales cycles and better deal predictability for a jointly-pinpoint

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Tags: Supply Chain, Procurement

How to get ready for the future Marketing changes
Import from wordpress feed
March 06, 2023



The imminent changes in Marketing caused by the coming of the online, the digital world and how customer interactions change means current changes represent new challenges for your brand to be seen. Consumers are searching for your article or service value and acceptance, making it vital fo

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Tags: Supply Chain, Procurement

Leadership in 2023
Import from wordpress feed
March 02, 2023



In the 2023 business environment, companies are coping, more than ever, with complex and competitive circumstances. Business leaders in modern days must adapt to the transformation we all are experiencing and be better prepared to lead new initiatives for success in 2023.

See publication

Tags: Supply Chain, Procurement

Management Trends for 2023
Import from wordpress feed
February 08, 2023



The instability of recent years brought significant consequences, such as uncertain economic situations, skills shortages, ongoing shifts in the workplace, increasing prices and regulations, digital disruption and rising automation, and more. It represents for industries both challenge

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Tags: Supply Chain, Procurement

Procurement Analytics Demystified
Import from wordpress feed
February 06, 2023



Procurement Analytics is the practice of gathering and analysing Procurement data for company understanding and effective decision-making. For example, historic Procurement applies analysis details to move forward analytics to forecast and budget future outcomes.

See publication

Tags: Analytics, Supply Chain, Procurement

Supply Chain Trends 2023 - Customization and Digitization
Board International
January 30, 2023
My third and final blog on trends to watch in 2023, focussing on how digitalization enables and empowers customization, as our products become more configurable over time, configuration ultimately happens at the customer, which opens a whole new world of opportunity.

See publication

Tags: Analytics, Predictive Analytics, Supply Chain

How top Food and Beverage shippers are overcoming SC disruptions
Import from wordpress feed
January 27, 2023



A Supply Chain (SC) visibility firm, in alliance with Food Shippers of America, ran a survey across global SC professionals in the Food and Beverage (F&B) industry to determine the impact of the ongoing economic, geopolitical and SC disruptions.

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Tags: Supply Chain, Procurement

Can Remanufacturing build the industrial Circular Economy?
Import from wordpress feed
January 16, 2023



Limiting single-use plastic is a line of attack consumers want to welcome for a more sustainable way of life, plus brand selection with environmentally-friendly principles. Still, the biggest obstacle is cost; adults dreaming of eco-friendly goods to be more reasonably priced to support the

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Tags: Supply Chain, Procurement, Manufacturing

Top Procurement trends to 2023 and further
Import from wordpress feed
January 10, 2023



Top Procurement trends for 2023 must enable Procurement leaders to envision and manage future-fit SC to reimagine how all parties can generate value and promote a fairer, more sustainable world. SC leaders and organisations should capture this moment of significant change, employ new SC man

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Tags: Supply Chain, Procurement

1 Author Newsletter
Demand collaboration improves your planning
LinkedIn
April 17, 2024
Collaboration isn't just about getting more inputs, it's about leveraging diverse perspectives. Sales can share insights on customer buying patterns and upcoming promotions, Marketing can provide details on upcoming campaigns and potential market shifts, Suppliers can offer visibility into raw material availability and potential production delays. By combining these insights, you can create forecasts and plans that are more nuanced and adaptable to changing circumstances.

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Tags: Digital Transformation, Procurement, Supply Chain

1 Conference Publication
What if scenario analysis can supercharge your business?
Board
May 29, 2023
Are you ready to supercharge your business with #ScenarioPlanning? Download this report sponsored by Board and produced by Lora Cecere, Founder & CEO at Supply Chain Insights.

See publication

Tags: Agile, Predictive Analytics, Supply Chain

1 Influencer Award
Reducing financial bottlenecks in the Supply Chain
Board
July 07, 2023
Many business leaders believe it is easy to establish a collaborative culture between Finance and Supply Chain teams. The reality, however, is that it's not so simple! How can businesses better align the two teams and actively explore activities which will eliminate financial bottlenecks in the Supply Chain? Find out in this infographic, which summarizes key findings from the recent research report produced by Lora Cecere, Founder and CEO at Supply Chain Insights, and sponsored by Board.

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Tags: Supply Chain, Finance

2 Keynotes
Imagine the Supply Chain of the Future
InnovatorsGate
April 21, 2022
As a provocation to discussion Dave Food, OPened up the discussion at Innovators Gate, to explore how future Innovators ought to think about the supply chain, and how they can best align themselves for growth, partnership and collaboration.

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Tags: Innovation, Supply Chain, Leadership

Innovating Profitable Manufacturing Supply Chains with Resilience APAC
Board
December 31, 1969
There is a growing need for more intelligent and holistic planning tools that ensure feasible and profitable Supply Chain plans.

Supply Chain leaders are being required to ensure the profitability of their supply chains while remaining resilient to disruption. A challenging balancing act at the best of times.

Join this webinar, where we will be joined by John Burdett, previously Supply Chain Director at Tata Global Beverages, to find out how:

Supply Chains can flex their supply without adding costs by increasing insight into supply capability
Businesses can leverage flexibility through suppliers and partners
Better use of data can create more adaptive Supply Chain Planning through more Intelligent Planning decisions

See publication

Tags: Analytics, Digital Transformation, Supply Chain

3 Media Interviews
The Supply Chain and The Future Of Retail
Authority Magazine
April 18, 2022
Dave Food in an interview with Martitia Mestey, shares insights into his journey into the supply chain, and how some life experiences have opened doors to different thinking and life-changing experiences. The adaptability that DAve encourages comes from confidence in future insight into the art of the possible and the potential of the probable, leading to early adoption and dynamic integration into innovative thinking and resilient and responsive supply chains.

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Tags: Emerging Technology, Retail, Supply Chain

How can businesses mend broken global supply chains?
Raconteur
January 05, 2022
A bevy of black swan events has made building resilience into supply chains even more challenging for businesses

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Tags: Analytics, Business Strategy, Supply Chain

Calls for more sustainable IT
Computer Weekly
January 01, 1970
Dave Food explains how IT will help the supply chain become and stay more sustainable

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Tags: Sustainability, Supply Chain, Procurement

1 Miscellaneous
One-Third of Businesses Unprepared for Next Global Crisis
sdcexec.com
May 15, 2023
Like boxers, supply chains need to recover from the last hit, before they push into the next challenge, so having a strong foundation, with an an adaptive intelligent planning overlay is key.
have a look at this article from my coworker Marina Mayer

See publication

Tags: Risk Management, Supply Chain, Sustainability

2 Panels
How Digital Transformation Is Shaping the Retail Supply Chain
Retail asia
January 10, 2022
In the recently concluded joint webinar by Retail Asia and Board Asia Pacific, How Digital Transformation Is Shaping the Retail Supply Chain, top executives discussed the effect of digitalisation in Asia and how businesses and retailers can create opportunities in the age of the digital era.

State of the supply chain

Opening the discussion, Head of Supply Chain Marketing of Board International David Food gave a quick overview of the state of the supply chain.

Food mentions that before the pandemic, retailers who get products offshore mainly try to get from the cheapest source. But COVID-19 made everyone desperate for supplies and decided to get products and supplies from whoever may deliver.

See publication

Tags: Digital Transformation, Supply Chain, Retail

Taking On the Supply Chain Crisis with Advanced Decision-Making
Retail Wire
December 08, 2021
With holiday season kicking into high gear, watch this webinar on demand as our panel of Business Intelligence and supply chain experts give a frank assessment of the current situation and recommend ways to use Retail Planning & Analytics and other forms of Integrated Business Planning to greatly improve forecasting accuracy and responsiveness.
https://retailwire.com/resources/new-webinar-taking-on-the-supply-chain-crisis-with-advanced-decision-making/

See publication

Tags: Analytics, Supply Chain, Retail

1 Speaking Engagement
S&OP to IBP - INsights to make IBP the heartbeat of your business
Board International
December 04, 2023
Ensuring that you are leveraging intelligence in data and the extended ecosystem and planning community has highlighted a need for more consistent ways of sharing assumptions, a more substantial agreed vocabulary on risk and exposure, and a need to extend and highlight planned alternatives in the mix.

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Tags: Business Strategy, Predictive Analytics, Supply Chain

3 Webinars
Improving Financial and Supply Chain Planning Alignment
Board
July 03, 2023
On-demand Webinar - How to Eliminate Bottlenecks in Cross-Functional Planning

See publication

Tags: FinTech, Predictive Analytics, Supply Chain

Improving Financial and Supply Chain Alignment (APAC)
Board International
July 21, 2022
Supply Chain and Finance teams, despite working together for so long, still don’t have a common language for producing effective plans in APAC and beyond

How can you achieve supply chain excellence if the teams responsible for delivering it aren’t even speaking the same language? They might not even agree on what Supply Chain excellence is.

Creating a profitable and executable plan with increasingly complex supply chains is almost impossible while disconnects exist between Finance and Supply Chain teams.

Watch our webinar recording with Lora Cecere (Founder, Supply Chain Insights), where we explored new research into:

The current disconnect between Finance and Supply Chain
Creating cohesion between Finance and Supply Chain
Planning for unexpected events
The foundations of an executable and profitable plan

See publication

Tags: Analytics, Supply Chain, Business Strategy

Improving Financial and Supply Chain Alignment
Board International
June 30, 2022
Supply Chain and Finance teams, despite working together for so long, still don’t have a common language for producing effective plans.

How can you achieve supply chain excellence if the teams responsible for delivering it aren’t even speaking the same language? They might not even agree on what Supply Chain excellence is.

Creating a profitable and executable plan with increasingly complex supply chains is almost impossible while disconnects exist between Finance and Supply Chain teams.

Watch our webinar recording with Lora Cecere (Founder, Supply Chain Insights), where we explored new research into:

The current disconnect between Finance and Supply Chain
Creating cohesion between Finance and Supply Chain
Planning for unexpected events
The foundations of an executable and profitable plan

See publication

Tags: Analytics, Supply Chain, Business Strategy

1 Whitepaper
The Shape of Tomorrow s Supply Chains The Science of Sustainability
Doc Player
January 01, 2018
Dave Food explains how IT will help the supply chains of the Future become and stay more sustainable

See publication

Tags: Sustainability, Supply Chain, Procurement

Thinkers360 Credentials

39 Badges

Radar

1 Technology
Demand Sensing

Date : July 30, 2020

The use of intelligent customer-facing data to influence and adapt forecasts and the way they are consumed, thereby reducing waste and increasing supply chain and therefore business performance.

See Radar

1 Prediction
2022 Predictions for Supply Chain

Date : October 28, 2021

Predictive algorithms will predict the likelihood of a successful delivery so will prioritise success over difficulty.

Online shopping will start to offer delivery boxes for regular customers where delivery security is an issue.

Dynamic Cross-docking from truck to bike will grow in larger business cities for deliveries.

Predictive algorithms will start to make millions of simple supply chain decisions based upon probabilistic options

See Radar

Blog

2 Article/Blogs
Value in the Metaverse
Thinkers360
August 10, 2023

How could the Metaverse drive a very different world within the next decade? 

The Metaverse potential will announce the next wave of digital disruption, with emerging benefits for users and industries, impacting all, from product innovation to employees’ commitment to Sales and Marketing Omnichannel and customer experience.

Gaming has been core in seeding the Metaverse, but the Metaverse is not exclusive to Gaming. Leaders should accelerate their examining Metaverse potential effects as part of strategy discussions that could set a singular world in motion in the next decade. 

How will virtual worlds be balanced with the physical world to ensure the Metaverse is created responsibly? Is it a safe environment for consumers? Is it just a vision and repetition of the Internet? Will technology advance quickly enough to build the Metaverse of our imaginings? Is Metaverse’s potential going to last, or is it merely a rebranded gaming platform?

How can we define the Metaverse?

Nowadays, the Metaverse is complex to describeIt is a gaming platform, an advertising channel, a virtual retail destination, a digital classroom, a training tool, and a new entrance to digital experiences. The Metaverse looks like everything people’s fantasies could imagine. 

The Metaverse will be the replacement for the mobile Internet. The Metaverse is, a fact, potentially disruptive, thus a vital opportunity tool, yet developing. Most people regard the Metaverse as the next reiteration of the Internet that perfectly combines our digital and physical lives, something we are engaged in. When using it, we could feel as if we are sharing with people no matter how far away from each other we are.

Experts consider the Metaverse to be the next reiteration of the Internet. It might easily merge our physical and digital life by introducing a sense of immersion, real-time interactivityinteroperability crosswise platforms, user agency, and devices; the capability for hundreds of people to interact at once, and use cases extending over activities further than just Gaming.

As the Metaverse becomes more complicated and interconnected, so are its connections. Individuals, organizations, and society will have to cope with the correlated issues and look for approaches that work for all participants. Consider these wide-reaching approaches:

·        Policy and regulations.

·        Privacy and ethics.

·        Accessibility and scale.

·        Antitrust.

·         Antitrust. Moderation and intellectual property (IP).

Metaverse is evolving consumer and business behavior, the latent economic impact; execution leaders should consider capturing value. But the speed of its expansion will rest on multiple technologies such as infrastructure and hardware -encompassing networks and devices, content and experiences, and user-experience element, security, not limited to one technology, platform, or even devices; platforms, such as games engines, enablers as security and payment procedures. The Metaverse’s future evolution is the magnitude to which the interoperability of these components can evolve.

Top technology organizations, established brands, start-ups, Private Equity, and Venture Capital (VC) seek to capitalize on the Metaverse opportunity, investing billions in the Metaverse during 2022, more than double in all of 2021. Much of it is driven by Microsoft’s planned acquisition of Activision for $69 billion. 

Big technology organizations are the most prominent investors, to a much more significant extent than they invested in Artificial Intelligence (AI) development at a similar period. Industries at present piloting the Metaverse implementation also intend to give over a substantial share of their digital financial plan.

Several elements compel investors’ eagerness to invest in Metaverse; for instance, escalating consumer-directed band Marketing, ever-increasing marketplace readiness, demographic growth, and rising marketplace eagerness as users go into the current early version of the Metaverse for the most part determined by Gaming, featuring millions of active players using an application which allows them to socialize, for virtual learning, fitness, trading, and much more.

The Metaverse potential is clear; almost 60% of consumers currently use the last version of the Metaverse, shifting daily activities to it and connecting people.

Surveys of thousands of executives found significant excitement about the Metaverse’s potential. Almost 60% of consumers using today’s early version of the Metaverse are enthusiastic about transitioning everyday activities to it, with connectivity among people and the capability to open up digital domains. 

Almost 95% of business leaders anticipate that the Metaverse will have a decisive influence on their businesses within five/ten years, most expecting to impact their business management somewhat. Industries such as Media and Telecommunications, consumers and Retail, and Healthcare will likely be affected by the Metaverse; such sectors are also among those already embarked on Metaverse proposals.

The Metaverse’s potential economic value estimations show a discrepancy; enterprise and consumer use cases indicate it might generate trillions by 2030. It is the broadest new evolution opening for numerous industries in the next decade, enabling innovative business patterns, goods, and services, acting as an engagement channel for both Business-to-consumer (B2C) and Business-to-Business (B2B) purposes. The potential impact of the Metaverse changes according to the industry, although it brings implications for everyone. However, these effects might display in very different ways across the value chain; for instance:

·       The Metaverse might build lasting competitive advantages in a company. To get ready to move up by detecting needed competencies and setting in the Metaverse in their operational pattern, or becoming Metaverse users themselves. Business leaders should develop a strategic standpoint by outlining Metaverse targets and the function they need to play, adapting, testing, and learning by introducing preliminary actions, supervising outcomes, and observing user behavior. 

·       The Metaverse challenges companies, their workers, independent creators and content designers, consumers, and governments. Section of the employees will require to be retrained to benefit from it rather than competing with it; countries or cities deciding about launching their businesses as hubs for their expansion will link up the worldwide competitors to catch the attention of investors and talented individuals. 

·       The Metaverse also has evident societal consequences. Investors must outline a road map toward an ethical, inclusive, and safe Metaverse experience. 

·       The guiding principle is also indispensable around issues encompassing ethics, regulatory compliance, security, physical health, safety, Equity, fairness, and sustainability.

·       Disconnecting fiction from fact. The Metaverse caught worldwide headlines for the first time after Facebook’s name changed last year, with descriptions of what is now the Metaverse and how it evolved for just about half a century.

The Metaverse is at its maturity point, just as the social networks and user-generated content transition years ago triggered by visionary concepts of consumer control and the democratization of the Internet. The course the Metaverse takes is joined to stakeholders’ cooperative deeds in the years to come. Their performance range is subject to the importance of their possible environment and societal force.

What is needed? The Metaverse represents significant challenges to overcome, given that our current devices demand more feasible, exponential, and powerful graphics hardware. Computing power is still weak, and networks must be faster; the interface hardware must take advantage of these evolving technologies.

What is needed? To put billions into the Metaverse infrastructure. The phenomenon, when introducing game players to the concept of “living in an always-on virtual world,” still exists and attracts thousands of users every day. The gaming experience fuels the existence and attraction of a “proto-metaverse. 

The popularity of Gaming outshines other subdivisions of the Entertainment industry, with more than three billion consumers worldwide and a total value of more than $200 billion; the gaming segment is superior to music and movies. However, the reality is that the Metaverse is different; and no-gaming use cases arise for both businesses and consumers.

Business executives are generally optimistic about it; they and consumers are experimenting with the basic Metaverse for everything, from commerce, virtual learning, socializing, and fitness, to other regular activities. Enhancing the Metaverse’s positive potential is crucial and expected to influence the economic and business environment. 

There will likely be predictable challenges, as the Metaverse is a promising tool with an in-progress implementation similar to where Artificial intelligence (AI) adoption was five years ago. Metaverse supporters sustain a more optimistic point of view than their colleagues, with better financial achievement and higher current and expected profit margins. However, much depends on how the Metaverse progresses and the world advances.  

Summing up: new tools are essential to take any industry to the next level and enable planners to pursue blueprints, tell stories, and look into individuals, communities, and cities with new, data-driven insight to facilitate the industry’s adaptation to the value of the Metaverse while improving lifestyle, individuals well-being and fighting for climate change by showing real-world examples.

So what does your Metaverse perspective look like?

#metaverse #data #secondlife Gartner University of Warwick - Warwick Business School University of Warwick Gartner for Supply Chain #digitaltwin Board #meta Microsoft #intelligentautomation

See blog

Tags: Analytics, AR/VR, Digital Twins

Does your workforce own the mindset for an effective S&OP?
Thinkers360
December 21, 2019
S&OP is a standard business planning process impacted by constant internal or external pressures and challenges. For Sales & Operations Planning (S&OP) to operate successfully, you should be transparent, concentrated and engaged to what you intend to accomplish. Assess the mindset of your company to self-judge your S&OP efficiency and evaluate your weaknesses. Organisations no longer can predict how their brand-loyalty will last among consumers. Why? Nothing seems to work like before; a growing combination of products, channels and costumers’ portfolios are ampler than ever, making it complicated for companies to foresee when and how to act. Customers are shopping online, comparing goods, plus they have a more extensive selection of products to choose. Consequently, we don't expect them to be tightly bound to a particular supplier. Companies should better start making some changes to assure they also get cost-effective business in the longer run. Technological alternatives that help to create insights Nowadays, Data is becoming a more valuable-providing solution to such problems. It supports companies to get insights into customers preferences and demands, as it is the centre for Analytics, crucial to making correct evaluations by using several means to pull out the best value from data. For instance: employees don’t want to settle down in the same position forever, but aspire to keep advancing instead. Consequently, enterprises should be more sensitive to their personnel and processes. People and company stand-points are worth too. However, technology without support is not enough to make organisation projections. Technological alternatives helping to create insights To cope with these challenges, organisations should assess how and where to start an in-depth examination of their enterprise. Then, deciding on how to redesign their roles and processes. Most of all, it is crucial for enterprises to get going planning the future right away! The implementation of S&OP requires businesses to take steps towards producing more value and accomplish their long-term objective rapidly. Every small step will avoid you to come up to a full stop; if not, other competitors will leave you behind. Conclusion: the state of mind is an essential element for consistent-individual performance. The results of some survey indicate that this state is one of the most critical drivers for S&OP effectiveness.

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Tags: Business Strategy, Change Management, Supply Chain

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Location: Warwick    Date Available: May 08th, 2018     Fees: $450

Submission Date: May 05th, 2018     Service Type: Service Offered

Training insights and change management on Advanced Supply Chain Thinking

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Submission Date: December 29th, 2023     Service Type: Service Offered

For those Churches that are looking to engage with the online world as a mission field to share faith, serve the community and show God to the World, Dave can help with strategy and insight on how to make this work.

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