Knowledge Workers WILL Lose Jobs to AI, But Here’s What You Can Do…
Financial Highlights from the Recent Week You Should Know About:
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Consumer Test: “Made in America” vs “Made in China”, who won?
Consumer Test: “Made in America” vs “Made in China”, who won? All the talk about tariffs lately has probably got you feeling a little annoyed (understatement?). This business decided to put the argument to the test: Would consumers buy more expensive “Made in America” items versus cheaper Made in China versions. A filtered shower head
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PwC Scales Back Operations in More Than a Dozen Countries to Avoid Scandals
CONSULTING PwC Scales Back Operations in More Than a Dozen Countries to Avoid Scandals PwC has closed operations in over a dozen countries, including nine in Africa, as part of a strategic move to minimize exposure to financial and reputational risks. This decision follows significant regulatory penalties, such as a $62 million fine and a
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Five AI Use-Cases in Supply Chains
Apple is Stuck Between a Rock and a Hard Place While Apple designs its products in the U.S., most of their products—such as iPhones—are mostly made in China, where Apple has built a huge supply chain over the past few decades. As the current US administration threatens to impose high tariffs on many Chinese goods,
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Pentagon cancels $5.1 billion in consulting contracts with Accenture, Deloitte, etc
CONSULTING Pentagon cancels $5.1 billion in consulting contracts with Accenture, Deloitte, etc The Pentagon is cancelling IT consulting contracts worth $5.1 billion with Accenture, Deloitte and Booz Allen Hamilton among others. US Defense Secretary, Pete Hegseth, believes the Pentagon can do this work themselves instead of paying external companies. Everyone things they’re an IT expert
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Losing Tax Incentives Could Decimate EV & Battery Manufacturing in the US
Losing Tax Incentives Could Decimate EV & Battery Manufacturing in the US As the current US Administration leaves the world in chaos with tariff threats in the hopes of bringing manufacturing back to the US, the plan to repeal current tax incentives/credits for the EV industry could end up decimating the domestic EV and battery
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Are You Tired of Hearing the Word “Tariffs” Now?
MARKETS Are You Tired of Hearing the Word “Tariffs” Now? The global trade war of 2025 got very ugly this past week. All major stock indices were feeling the pain as the US slapped tariffs on almost the entire world (including places where the main inhabitants are only penguins, talk about getting caught in the
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Demand for Commodities Could See a Huge Drop
Demand for Commodities Could See a Huge Drop You’d have to be living under a rock or an obscure island with penguins to not hear about tariffs being slapped on a multitude of products by the US. All of this leading most business executives to expect a global recession. We’re already seeing falling demand for
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JP Morgan’s Quantum Experiment
QUANTUM FINANCE JP Morgan’s Quantum Experiment JP Morgan announced the results of an experiment they’ve been conducting using a quantum computer, the experiment yielded “truly random” numbers generated by a quantum computer. The result is first-of-its kind breakthrough and could lead to advancements in market trading and cybersecurity applications. MARKETS CFO’s Are Pessimistic About 2025
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Why Are Coffee Futures Surging?
Why Are Coffee Futures Surging? As coffee bean prices have surged over the last couple of years, mainly due to climate and weather events, here’s a deeper dive into what’s driving coffee bean prices (a must read if your business buys coffee beans).
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KPMG Launches Law Firm in US
COMPLIANCE KPMG Launches Law Firm in US KPMG has been given permission by the Arizona Supreme Court to start its own law firm in the U.S., called KPMG Law. This makes KPMG the first of the “Big Four” accounting firms allowed to practice law in the country, following a change in Arizona’s rules that lets
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Automakers Will Be Hard Hit by Tariffs
Tariffs Are Starting to Hit Consumer Confidence The threat of a trade war through tariffs on Canada, Mexico, China and now the EU is coming to a head. Tariffs on Canadian, Mexican and Chinese imports are set to go into effect March 4th with an additional 10% on Chinese imports. All this tariff talk has
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European and Asian Firms Flocking to US for Listings
CAPITAL MARKETS JPMorgan Re-Classifies Qatar and Kuwait as Developed Markets JPMorgan has re-classifed Qatar and Kuwait as developed markets instead of emerging markets in their Emeging-Markets Bond Index. The re-classification process will take six-months beginning March 31. This change means new bonds from these countries won’t be added to the index, The United Arab Emirates
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How e-Commerce Supply Chains are Preparing for Potential Loss of De Minimis
How e-Commerce Supply Chains are Preparing for Potential Loss of De Minimis As the potential threat of losing the “de minimis” exception and potential tariffs on all sorts of imported goods into the US, here’s how some e-Commerce supply chains are dealing with these uncertainties. A Deep Dive into Humanoid Robots Your next warehouse co-worker
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Is This the Beginning of the End of the Consulting Model?
CONSULTING Is This the Beginning of the End of the Consulting Model? KPMG UK partners saw record profits and pay, yet slashed 1266 jobs. However, revenue barely grew 1%. Is this the beginning of the end of the business consulting model as we know it? Read on to find out. COMPLIANCE & RISK MANAGEMENT Canadian
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Autonomous Trucks On the Job
Canadian Tire Reviews Sourcing Amidst Tariff Threats Canadian retailer, Canadian Tire, is re-assessing their product offerings and where they source products amidst the continued threat of trade tariffs from the US. 15% of their products are sourced directly from the US. Autonomous Trucks On the Job Autonomous vehicle (AV) startup, Kodiak Robotics, have their AV’s
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Your Next In-House Legal Assistant Could Be an AI Agent
AI Your Next In-House Legal Assistant Could Be an AI Agent LexisNexis, the legal information provider, introduced Protégé, a new AI-powered legal assistant designed to help lawyers with tasks like drafting documents and managing workflows. Protégé is an AI-agent that can work independently to create various legal documents and suggest next steps, while also reviewing
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Canada Unites with the Threat of Trade War
De minimis no more New tariffs ended a loophole that let Chinese companies like Temu and Shein ship small packages to the US duty-free. This loophole, called the de minimis exemption, saw a huge increase in these shipments with the rise of low-cost shopping apps like Temu and Shein. The change could cost US consumers
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Earnings Winners & Losers
MARKETS Earnings Winners & Losers Both Mastercard and Visa were earnings winners beating earnings forecasts due to a robust holiday spending season. While Deutsche Bank was the loser who saw profits plummet 92%(!) in Q4. MARKETS Trump Tariffs Come into Effect US President Trump held to his threat to slap a 25% tariff on imports
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UPS Stock Plummets on Amazon Announcement
UPS Stock Plummets on Amazon Announcement UPS shares plummeted 14% last week after announcing a gloomy forecast AND that they will cut their business by with Amazon by 50%. UPS found that smaller package deliveries (i.e. Amazon package deliveries) were not very profitable so they mutually agreed to lower their commitments to each other. Amazon
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Goldman Sachs Unleashes New AI Assistant
LEADERSHIP TD Bank Expedites Leadership Change After being hit with a massive money laundering penalty, TD Bank’s new incoming CEO, Raymond Chun will take over the reins at TD Bank on February 1, two months earlier than originally planned. Accelerating the move looks like it’s due to external pressures to accelerate change get things back
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Your Next iPhone Could Be Made by a Robot
Your Next iPhone Could Be Made by a Robot Apple’s main manufacturing partner, Foxconn, signed a deal with UBTech, to integrate their humanoid robots for iphone production. The humanoid robots have already completed “training” in their Shenzhen factory. Bird Flu Wreaking Havoc for Egg Supply The spread of bird flu among egg farms is wreaking
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Finance & Money Edge Virtual Summit
The Finance & Money Edge Virtual Summit A Look at Key Trends & the Future in Banking & Finance Summit Agenda The summit agenda is currently being planned but the main theme is: A Look at Key Trends & the Future in Banking & Finance Who Should Attend This Summit Pre-Registration Get on the early
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Back Office Workers Are On Notice
CAREERS Back Office Workers Are On Notice If you work in the back or middle-office, you’d better start looking over your shoulder as AI is coming for a job near you. As Banks around the world have officially announced they will be cutting close to 200K jobs over the coming three to five years most
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Threat of Tariffs Encourages Supply Chains to Return to US
Threat of Tariffs Encourages Supply Chains to Return to US As Trump’s return to office gets closer, his threats of slapping tariffs on many imports, means there’s incentive for businesses to consider moving their supply chains back to the US, just like this example here. Canada Looking to Take Advantage of Uranium Demand As countries
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Germany’s Economy Struggling
MARKETS Germany’s Economy Struggling While still the largest economy in the EU, Germany’s GDP has been shrinking over the past couple of years. German manufacturing has been struggling and their energy sector is trying to navigate away from relying on Russian natural gas. ON THE MOVE HSBC Promotes Lisa McGeough Amidst continuing restructuring, HSBC has
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US Manufacturing Continues to Decline
US Manufacturing Continues to Decline According to a report by the Institute for Supply Management (ISM), manufacturing in the US contracted last month despite the overall economy expanding. Some American manufacturers are excited about prospectively better outlook with incoming President Trump. US Oil Looking to Disrupt Saudi Arabia’s Dominance Saudi Arabia has long dominated oil
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Macy’s Accountant Hid $154M in Delivery Expenses
COMPLIANCE Macy’s Accountant Hid $154M in Delivery Expenses If you’re an accountant and you ask your boss for raise next time, bring up this case study and tell your boss be glad you didn’t do this: an accountant at department store Macy’s managed to hide $154M erroneously reported as “delivery expenses”. Investigation is on-going… M&A
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4 Trends in Supply Chain Management
How This Startup Is Solving the Charging Problem When It Comes to Electrification As supply chain and logistics providers work towards electrifying their fleet of vehicles, one of the hurdles is charging infrastructure. Israeli startup, Electreon, is trying to solve this problem by introducing wireless charging. To Tariff or Not to Tariff? President Elect Trump
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US Court Rejects SEC’s Proposed Rule for Treasury Dealers
COMPLIANCE US Court Rejects SEC’s Proposed Rule for Treasury Dealers A federal judge in Texas invalidated a U.S. Securities and Exchange Commission (SEC) rule that required certain traders in the Treasury market to register as broker-dealers, stating the rule exceeded the SEC’s authority. This decision, marked the third SEC regulation overturned in a year. The
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How Robots and Humans Will Work Together in Warehouses
How Robots and Humans Will Work Together in Warehouses Let’s face it, automation will always happen, but human jobs won’t completely disappear. A hybrid of humans working along side robots is likely the future we’ll see. And Robust AI’s Carter Pro robot is likely to be one you may find working alongside your human workers.
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Banks Sell the Most Bonds Since 2016
DEBT MARKETS Banks Sell the Most Bonds Since 2016 Banks went berserk issuing bonds, raising a whopping US$23.5 billion in ONE day last week. This was the most sold since 2016. I guess the Bull market for equities is over? MARKETS Fintech Klarna Files for IPO The buy-now-pay-later fintech, Klarna, has filed for an IPO
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Canadian Government Says No to Port Strikes
Canadian Government Says No to Port Strikes We sound like a broken record when we write about port strikes (or potential strikes) in Vancouver and Montreal. As talks between both sides were going nowhere and Canada got tired of losing billions ($1.3 billion per day) of dollars in trade each day as the strikes prolonged,
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More Details on TD Bank’s Fraud Indictment
COMPLIANCE More Details on TD Bank’s Fraud Indictment Additional details of TD Bank’s recent fraud indictment have emerged: A former TD Bank employee, Daria Sewell, caught in the middle of this fraud case is now being indicted by Manhattan’s District Attorney. The alleged fraud case accuses the former employee of sharing and leaking customer data
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How Wendy’s Fast-Food Chain is Using AI to Automate Supply Chain
Retailers Getting Ready for Tariffs Now that the US Presidential elections are done, retailers have a clearer picture of what they need to do to prepare for potential tariffs that President Elect Trump has said he may enact. Brands like Steve Madden have a plan in place to counter potential additional tariffs on Chinese imports.
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Canadian Fintechs Face More Regulation
COMPLIANCE Canada Lobbies for Overhaul in Crime Reporting Canadian banks have not had a good time when it comes to anti-money laundering. The Canadian Bankers Association is lobbying the Canadian Government to overhaul and get rid of the current system that banks use to report suspicious activity like money laundering and follow the system used
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Canada Post Strike Looming
Canada Post Strike Looming As holidays start to ramp up, Canada Post has a looming strike hanging over everyone’s heads. The Canadian Union of Postal Workers (CUPW) announced they have voted in favour of going on strike should labour talks not come to agreement. Montreal Dock Workers Go On Partial Strike Canadian supply chains are
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HSBC Names First Female CFO
MARKETS Canada Makes Largest Rate Cuts As the Bank of Canada (BOC) continues to rein in inflation, the BOC made its largest interest rate cut last week, lowering rates by 50 basis points to 3.75%. COMPLIANCE Goldman Sachs & Apple Get Fined Tech giant Apple and Goldman Sachs were fined $89 million by the Consumer
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Case Study: How General Mills Improved Its Supply Chain
Case Study: How General Mills Improved Its Supply Chain Snack giant, General Mills, deals with over 20,000(!!!) suppliers every year. The supply chain operations had still been operating the same it had since the late 90’s. That changed when new CEO, Jeff Harmening, came on board and implemented a goal of being the supply chain
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AI Helped US Treasury Stop $4b Worth of Fraud
AI IN FINANCE AI Helped US Treasury Stop $4b Worth of Fraud Wondering what the big hoopla is about with AI? Well, the US Treasury department has leveraged the use of AI to stop a whopping $4 billion worth of financial fraud in 2024 alone! Let’s talk metrics, that’s a 6 times improvement over the
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How AI is Changing the Manufacturing Industry
How AI is Changing the Manufacturing Industry 93% of manufacturing business leaders are already using AI in some form in their business(!!!). Of course the biggest concern is how does AI affect human jobs? This report takes a closer look. AI is Powering Shift to Nuclear Speaking of AI, running all those AI chatbots requires
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TD Bank Smacked with Penalties for Money Laundering Failures
COMPLIANCE TD Bank Smacked with Penalties for Money Laundering Failures The Canadian banking giant is facing massive penalties in the US for failures in its money laundering compliance. TD Bank faces fines of $3 billion, growth limits to their US operations in the form of asset caps within the U.S. market. The penalties are similar
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Montreal Dockworkers Strike Threatens Supply Chains
Montreal Dockworkers Strike Threatens Supply Chains Dockworkers at the Port of Montreal are planning to halt all overtime work indefinitely starting 10th Oct 2024 in an effort to pressure management for a new contract. The Maritime Employers Association has expressed concerns about the drawn-out negotiations and their impact on shippers and Canada’s reputation as a
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Visa to Launch Digital Token Platform
AI IN BANKING BMO Appoints Chief AI & Data Officer As AI dominates everything we see right now, Canadian bank, BMO has appointed Kristin Milchanowski, as its Chief AI & Data Officer. The role will focus on plans for the bank to adopt AI, including applications in data, robotics and analytics. CRYPTOCURRENCIES Visa to Launch
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Starbucks Experiments with Weatherproof Coffee
Handling the Supply Chain Talent Shortage Apparently there’s a shortage of talent in the supply chain and logistics fields, and universities are trying to catch up to providing adequate foundational knowledge in the area. The Bureau of Labor Statistics projects there will be a 19% increase in hiring within the logistics industry between now and
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CIBC Slapped with Fine from US Regulators
COMPLIANCE CIBC Slapped with Fine from US Regulators The Canadian bank is facing a total fine of US$42M due to poor record-keeping and using inappropriate communication methods (e.g. text messaging). The fines are imposed by U.S. regulators: Securities and Exchange Commission (SEC) and The Commodity Futures Trading Commission (CFTC). COMPLIANCE DOJ Cracks Down on Visa
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Another Canadian Workers Strike Threatens Supply Chains
Here’s What Shipping Companies are Doing to Manage the Shorter Holiday Season Delivery Window This year’s holiday season will see five fewer days between Thanksgiving and Christmas holidays, meaning less time to prepare and clear out any backlog of orders between holidays. Here’s a glimpse at what some shipping companies are doing to manage this.
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JPMorgan Appoints Junior Banker Well-Being “Leader”
BANKING New TD Bank CEO Canada’s 2nd largest bank, TD Bank, will have a new CEO come April 2025, Raymond Chun. Chun will take over from current CEO, Bharat Masrani retires next year. Chun could be considered a “TD Bank Lifer”, having joined the bank back in 1992 with their internal management training program. COMPLIANCE
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Want to Electrify Commercial Your Fleet? Wait, Read This First…
Intel To Build AI Chips for Amazon With help from the US CHIPS Act, Intel is flush with $3 billion to play with. Just in time as they secured a multi-year deal with Amazon, specifically AWS (the cloud services division), to produce AI Chips for the the tech giant. Want to Electrify Commercial Your Fleet?
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Oracle’s Netsuite Adds New AI Tools for Financial Security
AI IN FINANCE Oracle’s Netsuite Adds New AI Tools for Financial Security Oracle’s Netsuite, its cloud-based management system, announced some fancy new AI tools, including the ability to detect anomalies in your financial data to alert you to potential problems before it escalates to something bigger. Also added is the ability to interact with our
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