News

Nearly two-thirds of UK companies are set to scale back hiring plans in response to the Chancellor’s £40bn tax hike, according to new polling by the Confederation of British Industry (CBI).

The survey of 266 business leaders found that 62% intend to reduce recruitment, nearly half expect layoffs, and 46% plan to delay employee pay rises.

The findings underscore growing frustration among businesses, particularly in retail and hospitality, over changes such as the increase in employers’ National Insurance contributions and the reduction in the earnings threshold for contributions. These measures come alongside a rise in the national minimum wage and sweeping workers’ rights reforms, adding further financial pressures.

Rain Newton-Smith, CBI’s chief executive, is expected to criticize the government at the CBI’s annual conference. Addressing Chancellor Rachel Reeves directly, she will argue that the tax increases undermine the UK’s competitiveness and growth potential.

“When you hit profits, you hit competitiveness, you hit investment, you hit growth,” Newton-Smith will say. She will emphasize that profits are critical for reinvestment in communities, workforce training, and economic expansion.

Impact on Businesses and Employment

The CBI’s poll reveals a stark response to the Budget:

Hiring Freezes: 62% of businesses plan to hire fewer staff.
Layoffs: 47% anticipate reducing their workforce.
Delayed Pay Rises: 46% expect to hold back on salary increases.
Businesses in sectors like retail and hospitality, which rely heavily on low-wage, part-time employees, are particularly affected by the reduced National Insurance threshold and the rising minimum wage.

The British Retail Consortium estimates the Budget measures will add £7bn to costs for businesses, with major retailers such as Tesco, Marks & Spencer, and Boots already warning of inevitable job cuts.

Newton-Smith will also address the inheritance tax changes affecting farmers, highlighting fears that many may no longer be able to pass their businesses to the next generation. Business leaders are expected to warn the government that rising costs could hinder investment in less economically developed regions, undermining efforts to address the UK’s worklessness crisis.

The Chancellor and ministers are set to face mounting pressure from high street leaders, with a meeting scheduled this week between retail bosses and Gareth Thomas, the minister for services, small business, and exports. Business leaders plan to raise concerns about job losses and recruitment freezes, arguing that higher costs could stifle growth and investment across the country.

As the government prepares to release a white paper on tackling worklessness and boosting employment rates, it faces a challenging balancing act. Newton-Smith’s speech is expected to call for more collaborative policymaking, warning: “Tax rises like this must never again simply be done to business.”

Read more:
UK Companies Slash Hiring Plans Following Reeves’s Tax Increases

Lighthouse, a London-based software company specialising in hotel room pricing, has become Britain’s newest unicorn after securing a $370 million (£293 million) investment from American private equity giant KKR.

The substantial funding elevates the company’s valuation to over $1 billion, a milestone that grants it unicorn status in the tech industry.

Founded in 2012 by Belgian entrepreneurs Matthias Geeroms and Gino Engels, Lighthouse supports over 70,000 hotels and rental accommodation providers worldwide. Its client roster includes major brands like Radisson, Accor, and InterContinental Hotels Group (IHG), as well as numerous small bed and breakfasts. The company plans to utilize the new capital to further develop its AI-powered data analysis software and pursue international expansion, including potential acquisitions.

Sean Fitzpatrick, the company’s chief executive, described Lighthouse as a “12-year overnight success.” He noted that since 2021, the firm has been building its reputation in the highly fragmented travel technology market. “There is a unique characteristic of travel tech where you have a very small number of behemoths, the likes of Amadeus and Oracle, where they have a very significant market share,” Fitzpatrick said. “We have broken through and are getting to a scale where we can really disrupt some of the incumbents.”

Lighthouse’s software assists property managers in planning their pricing strategies for the year ahead and enables them to adjust room rates multiple times a day based on real-time demand. Drawing on 300 million travel and leisure market data points daily, the platform recommends optimizing prices at least four times a day to keep up with market dynamics.

Fitzpatrick highlighted that only about 5% of the over one million hotels worldwide use a system like Lighthouse, indicating significant growth potential. “In many cases, it is still a highly manual process,” he said. The software aims to help hotels maximise occupancy and revenue, even outside peak events like concerts or sporting events.

Previously known as OTA Insight until a rebrand last year, Lighthouse employs 700 people. The company is expected to generate annual revenues exceeding £79 million this year, a significant increase from £42.5 million last year. Despite posting a pre-tax loss of £3.9 million last year, the new investment signals strong confidence in the company’s future prospects. Lighthouse had also raised $80 million from investors in 2021.

KKR, renowned for its investments in large corporations—including the historic $25 billion acquisition of RJR Nabisco in 1989—sees immense potential in Lighthouse becoming a significant player in the $15 billion travel and hospitality technology market. The private equity firm believes that Lighthouse’s innovative solutions and growth trajectory position it well to capitalise on opportunities in a market dominated by a few large incumbents.

Read more:
UK Hotel Pricing Tech Firm Lighthouse Becomes Latest Unicorn with $370 Million Investment

Christmas hiring is revitalising Britain’s job market, with annual salaries increasing at the fastest rate in three years, according to recent figures.

The average advertised salary reached £39,234 last month, marking a 6% rise compared to the same period last year and the highest increase since April 2021.

Despite the salary growth, competition for jobs is intensifying. Data from job search engine Adzuna shows that there were 861,000 vacancies in the UK’s labour market at the end of October, a slight 0.17% decrease from September. The number of job seekers per vacancy has risen to 2.08, the highest level since June 2021, indicating a tougher environment for those seeking employment.

Andrew Hunter, co-founder of Adzuna, noted that while 2024 began with challenges, the latter half of the year is showing signs of “recovery and resilience.” He stated, “This October, we saw the first positive six-month change in vacancy numbers. Driven by preparations for the busy Christmas shopping season, sectors like trade and construction and retail are ramping up hiring.”

The average duration of job postings on Adzuna has increased to 39.5 days, reflecting the heightened competition among job seekers.

UK businesses are facing the dual pressures of rising salary expectations and increased National Insurance contributions. Last month, Labour announced that the rate of employer National Insurance Contributions (NICs) would rise by 1.2 percentage points to 15% from April, and the earnings threshold at which employers start paying contributions will decrease from £9,100 to £5,000. This change is expected to particularly affect the retail industry, where supermarkets, pubs, and restaurant chains employ large numbers of lower-paid workers.

Christmas hiring has led to a significant uptick in advertised vacancies in certain sectors. The trade and construction industry saw new postings rise by 8.6% in October, according to Adzuna. Retail vacancies grew by 6%, while hospitality and catering, as well as travel, each experienced a 1% increase.

Conversely, some sectors faced declines. Sales job postings fell by 9.8% last month, although they remain 6.5% higher compared to six months ago. IT job adverts decreased by 9.6%, and vacancies in energy, oil, and gas dropped by 8.4%.

Surge in Green Job Opportunities

A separate report by PwC highlighted a surge in “green” job adverts—positions that contribute to environmentally friendly products, services, or processes. Overall, there has been a 9% increase in green job adverts over the past year. In London, such adverts grew by 30% to 58,500, while Scotland boasts the highest proportion of green job vacancies at 5.6%, equating to 28,700 positions.

Carl Sizer of PwC commented on the trend: “The surge in green job openings, while the wider job market contracts, underscores the increasing demand for green skills. While this demand is a great signal of intent and opportunity as the UK transitions to net zero, it’s also a sign that green skills are in short supply. Given the government’s new increased targets to deliver clean power by 2030, the skills challenge is only going to increase.”

Read more:
Salaries in the UK Rise at Fastest Rate in Three Years Amid Christmas Hiring Surge

Have you ever tried to imagine what a property actually looks like just by looking at the photos? Sometimes, no matter how clear and detailed the images may be, they simply are not able to convey the entire impression of the room that we expect to feel from a particular space.

However, Qpanoio understands this complexity and offers something completely different – a way to get to know real estate as if you had already been there. It’s just that really innovative tools give you the opportunity to walk through real virtual rooms where you can inspect literally every detail.

However, the uniqueness of Qpano lies not only in the technology that underlies it, because its main task is to help people establish a genuine connection with space and even whether they are looking for a new home at the moment or not. Every tool offered by Qpano is designed to make this connection seamless, natural, and, most importantly, memorable.

What Makes Qpano Stand Out

As you know, nowadays, the world of real estate tools is full of possibilities, but there are several specific reasons why Qpano is not just another service. The fact is that this is really a different approach to the representation and perception of spaces because instead of just showing what a property looks like, Qpano focuses on making people feel involved in it, whether they are developers planning a project or buyers looking for their next home.

What really distinguishes Qpano from others is the possibility of adaptation, because each property has its own history, it can be a cozy urban studio or a large and elite country house. Developers use all available tools to create the most realistic visualizations of projects that are still in the planning stage but can already demonstrate each of their unique features.

Qpano pays attention to even such small but important details as how the light moves around the room or how one space flows into another. It may seem unimportant to you, but in the end, it is these small touches that make the impression real, which helps people imagine themselves in space and establish a deeper connection with this place. It is this emphasis on the human side of real estate that truly sets Qpano apart from other companies.

How Qpano Changes the Way We Present Properties

Comparing such services, it is very important to understand that the presentation of a real estate object is not just a demonstration of its features, but it helps people to feel something. Instead of relying on static photographs or traditional methods, the company focuses on creating immersive experiences that remain with the viewer long after they see them.

Take, for example, Qpano 3D tours, because these are not just photos that were collected in a slide show, but something that was created to make you feel like on the territory of the hotel. You can “walk” around the room, notice how the rooms connect, and even feel the light falling on the walls. Thanks to such details, people get the feeling that they are already here, that they are examining the object as if it already belongs to them in real life.

In this way, for projects that are still under development, Qpano provides realistic images that not only show what is planned but also actually bring these plans to life. Developers can use these visual elements to help potential buyers or investors see what the finished project will look like, and thus simplify the idea of what should happen in the future.

With Qpano, each presentation is created in a way that tells a story. It doesn’t even matter if it’s a modern apartment or a large-scale commercial project, because the tools are designed in such a way that the viewer feels like a part of what is happening.

Who Can Benefit from Qpano?

Of course, it is important to understand that Qpano is not only designed for professionals of a certain type but all its tools are designed in such a way as to adapt to the needs of a wide range of industries. Regardless of whether you are a developer, real estate agent, or even a specialist in the hospitality industry, you will be able to find in the arsenal of the service those tools that will serve your specific goals.

How Qpano Enhances Client Experience

Understanding what makes this service so special turns out to be its ability to create meaningful connections between people and spaces. The reason is really simple and it is that each tool is very highly personalized, starting from 3D tours and ending with custom presentations.

This impressive approach is especially useful for international buyers or clients who cannot personally visit the property for one reason or another. With Qpano, they can explore every corner while being in a completely different part of the globe. Naturally, this has a positive effect on business, so such tools are often resorted to and enjoyed by everyone who works with real estate.

Why Choose Qpano?

In a world full of real estate solutions, Qpano stands out because it’s not just about technology – it’s about understanding what makes each property unique. The attention to detail, the focus on storytelling, and the commitment to creating memorable experiences are what set Qpano apart.

For professionals looking to make a lasting impression, Qpano offers more than just tools – it offers a partnership. Whether you’re trying to sell a single property or launch a major development, Qpano provides the support, creativity, and expertise to help you achieve your goals.

Conclusion

Of course, when you have to choose such a service, it is worth analyzing what you are waiting for when presenting your real estate objects, what your goals are, and how important such details are for you in general. However, if you have come to the conclusion that this can help you with one goal or another, then Qpano will help you rethink the representation of real estate. Success undoubtedly comes from combining advanced technology with a human-centered approach, and this service has both.

Read more:
Qpano: A Revolution in Real Estate Visualization and Marketing

Joseph Majeesh, based in Calgary, Canada, is a seasoned entrepreneur with extensive experience in recruitment, business management, and franchise development.

Born and raised in Kerala, India, Joseph overcame significant financial challenges to earn a BBA and an MBA in Human Resources Management. His career began in Jeddah, Saudi Arabia, where he worked as a banking officer before transitioning into human resources roles in Dubai and Abu Dhabi.

In 2012, Joseph moved to Canada, where he quickly established himself as a leader in oil and gas recruitment, working with top firms and managing staffing for major projects across the country. Beyond recruitment, Joseph has successfully ventured into franchise development, launching recognizable brands like Dairy Queen and McDonald’s across Western Canada.

Known for his vision, resilience, and commitment to community involvement, Joseph Majeesh has built a legacy of innovation and leadership. Here, he shares his insights on entrepreneurship, recruitment, and personal growth in an exclusive Q&A.

What inspired you to become an entrepreneur and pursue diverse industries like recruitment and franchise development?

For me, entrepreneurship has always been about creating opportunities—for myself, for others, and for the communities I serve. Growing up in Kerala, India, I faced financial hardships that shaped my perspective on work and success. I saw firsthand the transformative power of opportunity, and that’s what inspired me to pursue a career where I could help others build better futures.

Recruitment was a natural starting point because it allowed me to connect people with life-changing opportunities. When I moved to Canada, I realized that my skills in building teams and understanding market dynamics could be applied to other industries, like franchise development. Launching brands like Dairy Queen has been another way to create jobs and bring value to communities. Each venture has its own challenges, but the underlying goal is always the same: to build something meaningful that makes a positive impact.

How do you balance managing multiple businesses while maintaining a high standard of quality?

Balancing multiple businesses requires a mix of strategic planning and trust in your team. Early on, I learned the importance of delegation. It’s impossible to handle everything yourself, so building strong teams and empowering them to make decisions is crucial. I focus on hiring individuals who share my vision and are passionate about delivering excellence.

I also rely heavily on time management. I prioritize tasks based on their impact and set aside dedicated time for each business. Tools like project management software and regular check-ins help me stay organized and ensure that nothing falls through the cracks.

Finally, I make it a point to focus on quality over quantity. Whether it’s recruitment or franchise operations, maintaining high standards is non-negotiable. If you prioritize quality and build trust with your team, you can effectively manage multiple ventures without compromising on excellence.

What role has innovation played in your success as an entrepreneur?

Innovation has been a cornerstone of my journey. The industries I work in—recruitment and franchise development—are constantly evolving, and staying ahead requires a willingness to adapt and embrace change. For example, in recruitment, adopting AI-driven tools has streamlined our processes, making it easier to identify top talent and improve the candidate experience.

In franchise development, innovation means understanding customer preferences and leveraging technology to enhance their experience. Whether it’s digital ordering systems or localized marketing campaigns, staying innovative ensures that our businesses remain competitive and relevant.

To me, innovation isn’t just about adopting the latest technology—it’s about finding creative solutions to challenges and always looking for ways to improve.

What advice would you give to aspiring entrepreneurs who are just starting out?

Start with a clear vision and a solid plan. Knowing what you want to achieve and how you’re going to get there is critical. At the same time, be prepared to adapt because challenges will come, and flexibility is key to overcoming them.

Another piece of advice is to build relationships. Whether it’s finding mentors, networking with peers, or connecting with your team, relationships are the foundation of any successful business. Surround yourself with people who inspire and support you.

Finally, don’t be afraid to take risks. Every successful entrepreneur has faced moments of uncertainty, but it’s in those moments that you grow and learn the most. Trust your instincts, believe in your vision, and don’t let fear hold you back.

How has your background shaped your approach to business and leadership?

My upbringing in Kerala taught me the value of hard work and perseverance. Coming from a humble background, I learned early on that success doesn’t come easy—it requires dedication and resilience. That perspective has driven me to approach challenges with determination and a willingness to learn.

Working in the Middle East before moving to Canada gave me a global perspective. It taught me how to navigate different cultural contexts and adapt to diverse markets. These experiences have shaped my leadership style, which is rooted in empathy, collaboration, and a focus on long-term goals.

What’s the most rewarding aspect of your entrepreneurial journey so far?

Without a doubt, the most rewarding part has been seeing the impact of my work on people’s lives. Whether it’s helping someone find their dream job through recruitment or creating jobs and opportunities through franchise development, knowing that my efforts are making a difference is incredibly fulfilling.

It’s also rewarding to see the businesses I’ve built become part of the community. When I see families enjoying a meal at one of our franchises or hear from a satisfied client, it reminds me why I started this journey in the first place.

What’s next for you and your businesses?

The journey of growth never stops. In recruitment, I’m focused on leveraging emerging technologies to improve our processes and expand our reach. In franchise development, I’m exploring new opportunities to bring trusted brands to untapped markets.

Beyond business growth, I’m also committed to giving back and finding ways to contribute to the communities that have supported me. Whether it’s through mentorship, charitable initiatives, or job creation, I want to ensure that the legacy I build is one of positive impact and lasting value.

Final Thoughts

Entrepreneurship is a journey filled with challenges, learning, and immense opportunities. For me, it’s about more than just building businesses—it’s about building a better future for those around me. Whether you’re just starting out or looking to take your ventures to the next level, remember that success comes from vision, perseverance, and a commitment to making a difference.

Read more:
Building Opportunities, Inspiring Success: An Exclusive Q&A with Joseph Majeesh

The medical supplies industry has experienced significant growth in recent years. Several factors, including an aging population, the prevalence of chronic diseases, and the impact of global health crises, are driving this demand.

This article explores the increasing need for medical supplies from both retail and wholesale perspectives, providing a comprehensive analysis of market dynamics, key stakeholders, and operational challenges.

Understanding the Medical Supplies Market

Definition and Scope

Medical supplies refer to essential consumables and equipment used in healthcare delivery. These include:

Personal protective equipment (PPE) such as gloves, masks, and gowns
Wound care products like bandages and dressings
Diagnostic supplies such as test kits and thermometers
Infusion and injectable devices, including syringes and IV sets
Sterilization consumables for maintaining hygiene in healthcare settings
Mobility aids and patient support devices

These products are critical for maintaining the quality of care in both clinical and non-clinical settings.

Market Size and Growth Trends

The global medical supplies market has been expanding steadily. In 2022, the market was valued at approximately $138.4 billion and is projected to reach $163.5 billion by 2027, growing at a compound annual growth rate (CAGR) of 3.4%. The demand for these products surged during the COVID-19 pandemic and has remained high due to ongoing public health needs.

Factors Driving Demand

Chronic Disease Prevalence

The rise in chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders has significantly contributed to the growing demand for medical supplies. For instance, blood glucose monitors and insulin delivery devices are essential for diabetes management.

The World Health Organization reports that over 422 million people globally are living with diabetes.

Aging Population

An aging global population requires greater medical care and consumable supplies. Older adults often need assistance with mobility, chronic disease management, and post-surgical recovery, which drives consistent demand for products like catheters, incontinence supplies, and wound care materials.

Global Health Crises

The COVID-19 pandemic highlighted the critical need for a well-stocked supply of medical products. Items such as PPE, ventilators, and diagnostic kits were in unprecedented demand. Wholesale distributors like CIA Medical played a crucial role in meeting the surge by ensuring healthcare facilities had access to essential supplies.

Retail Perspective

Changing Consumer Behavior

Consumers today are more engaged in managing their health, leading to increased purchases of medical supplies for home use. Products such as blood pressure monitors, mobility aids, and even basic first-aid kits have become staples for individuals managing their health outside clinical settings.

E-Commerce Growth

The shift to online shopping has transformed the retail distribution of medical supplies. E-commerce platforms offer a convenient and cost-effective channel for purchasing medical products.

The ease of comparison, rapid delivery options, and expanded product availability have accelerated this trend, especially during health crises requiring contactless shopping.

Regulatory Compliance in Retail

Retailers face stringent regulatory requirements to ensure that medical supplies meet safety and efficacy standards. Compliance with agencies such as the U.S. Food and Drug Administration (FDA) or equivalent bodies in other regions is critical for gaining consumer trust and avoiding legal challenges.

Wholesale Perspective

Role of Wholesale Distributors

Wholesale distributors serve as the backbone of the medical supplies market. They bridge the gap between manufacturers and end-users, such as hospitals, clinics, and retailers. These distributors ensure large-scale availability and efficient delivery of medical supplies.

Key Players in Wholesale Distribution

Prominent companies dominate the wholesale medical supplies market. These include:

Cardinal Health
Medtronic plc
Becton, Dickinson and Company
Braun Melsungen AG
McKesson Corporation

These players manage extensive inventories and operate sophisticated logistics systems to meet demand efficiently.

Challenges in Wholesale Operations

Wholesalers face challenges such as fluctuating demand patterns, supply chain disruptions, and evolving regulatory frameworks. For example, the COVID-19 pandemic caused sharp spikes in demand, forcing distributors to adapt quickly to avoid shortages.

Supply Chain Dynamics

Global Sourcing and Production

The production and distribution of medical supplies rely on a globally interconnected supply chain. While this network supports scalability and cost efficiency, it is vulnerable to disruptions. Events such as factory shutdowns or transportation delays can significantly impact availability.

Inventory Management

Effective inventory management is crucial for both wholesalers and retailers to avoid overstocking or stockouts. Advanced forecasting tools and demand planning systems help ensure that supply meets demand without unnecessary waste.

Technological Integration

Technological advancements such as real-time inventory tracking, predictive analytics, and automated warehousing have enhanced supply chain efficiency. These innovations allow stakeholders to respond quickly to market changes and streamline distribution.

Regulatory Landscape

Compliance with Quality Standards

Medical supplies must adhere to rigorous quality standards to ensure patient safety. Regulatory agencies like the FDA and the European Medicines Agency (EMA) enforce strict guidelines for manufacturing, labeling, and distribution.

Impact of Regulatory Changes

Shifts in regulatory requirements can reshape the market. For instance, the European Union’s Medical Device Regulation (MDR) introduced new compliance rules, increasing the complexity of product approvals for manufacturers and distributors.

Emerging Opportunities

Growth of Home Healthcare

The rise of home healthcare presents significant opportunities for both retail and wholesale markets. Products such as portable diagnostic devices, telemedicine kits, and home-based therapy consumables are becoming increasingly popular.

Sustainability in Medical Supplies

Eco-friendly materials and sustainable manufacturing practices are gaining attention in the industry. Companies investing in green innovations can appeal to environmentally conscious consumers and healthcare providers.

Innovation in Telehealth

The integration of telehealth technologies with medical supplies, such as remote monitoring devices and connected health systems, is poised to drive further growth. These innovations enable patients to receive high-quality care without visiting healthcare facilities.

Strengthening the Supply Chain for Long-Term Success

The medical supplies industry is essential to global healthcare systems. Its ability to adapt to changing market dynamics and regulatory environments determines its effectiveness in meeting growing demand.

By investing in innovative technologies, enhancing supply chain resilience, and prioritizing compliance, stakeholders can ensure the sustained availability of medical supplies to improve patient care worldwide.

Read more:
The Growing Demand for Medical Supplies: Retail and Wholesale Perspectives

Promoting events effectively is crucial for businesses aiming to maximize attendance and engagement. Traditional methods like flyers and static billboards often struggle to capture attention in today’s fast-paced world.

Digital signage offers a modern solution to this challenge. With vibrant displays and dynamic content, it simplifies the way businesses advertise their events.

Digital signage allows for real-time updates and interactive elements that can engage audiences more effectively than ever before. This article explores how digital signage streamlines event promotions, making it easier for businesses to reach their target audience and stand out in a crowded marketplace.

The Role of Digital Signage in Modern Event Promotion

Digital signage refers to electronic displays used to present multimedia content such as images, videos, and animations. These displays are strategically placed in public areas, retail spaces, and corporate environments to communicate messages effectively. In the context of event promotion, digital signage serves as a dynamic platform that can quickly capture the attention of potential attendees.

The transition from static posters and billboards to dynamic digital displays marks a significant shift in advertising mediums. Traditional signage is limited by its inability to change once printed, often leading to outdated or irrelevant information being displayed. Digital signage overcomes this limitation by allowing businesses to update content in real-time. This means promotional materials can be adjusted instantly to reflect last-minute changes, special offers, or new event details.

Flexibility is a hallmark of digital signage. Businesses can tailor their messaging to different audiences and settings with ease. For instance, a company can promote a daytime workshop in the morning and switch to advertising an evening networking event by afternoon. This adaptability ensures that promotional content remains relevant and engaging, enhancing the effectiveness of marketing efforts for various events.

Benefits of Using Digital Signage for Event Promotion

Digital signage offers numerous advantages that simplify event promotions for businesses. Here are some key benefits:

Real-Time Updates and Instant Content Changes

One of the standout features of digital signage is the ability to update content in real-time. This means businesses can make immediate adjustments to their promotional materials whenever needed. For example, if there’s a last-minute change in the event schedule or a new guest speaker is added, the information can be updated instantly across all displays. Time-sensitive promotions, such as early-bird specials or flash ticket sales, can be launched or ended at the click of a button, ensuring that the audience always sees the most current information.

Cost-Effectiveness Compared to Traditional Methods

While traditional advertising methods like printing flyers and posters incur recurring costs, digital signage represents a more cost-effective solution over time. After the initial investment in hardware, the expenses significantly decrease. There’s no need for constant reprinting, which also reduces paper waste and supports eco-friendly practices. Additionally, the longevity and durability of digital displays mean fewer replacements and maintenance costs, leading to long-term savings for the business.

Enhanced Audience Engagement

Digital signage captures attention more effectively than static displays due to its dynamic nature. The use of multimedia content—such as videos, animations, and interactive elements—engages viewers and holds their interest longer. Interactive displays invite the audience to participate directly, whether by navigating through event details, watching highlight reels, or even registering for the event on the spot. This increased engagement can lead to higher attendance rates and a more memorable impression of the event.

Scheduling and Automation

Digital signage allows for the scheduling of content ahead of time, which streamlines the promotional process. Businesses can plan their event promotions in advance by setting specific times and dates for content to display. For example, different events can be promoted during different times of the day to target various audiences effectively. Automation reduces the manual workload and minimizes the risk of human error, ensuring that promotions run smoothly and efficiently without constant oversight.

Embracing Digital Signage in the Cloud

The cloud has transformed how businesses handle digital signage. By utilizing cloud-based solutions, companies can manage their displays remotely, updating content from anywhere with an internet connection. This is particularly useful for businesses promoting events in multiple locations or venues. Cloud-based digital signage offers scalability, making it easy to add or remove displays without significant effort or cost.

One of the key benefits is streamlined content management. With digital signage in the cloud, businesses can schedule updates, monitor displays, and ensure consistent messaging across all screens. This centralized control saves time and resources, allowing teams to focus on creating engaging content. Embracing cloud technology simplifies event promotions and keeps businesses agile in a fast-paced market.

Summary

Digital signage simplifies event promotions by providing dynamic, real-time content updates that enhance audience engagement. It’s more cost-effective than traditional methods, allowing for instant adjustments and scheduled automation. With cloud-based solutions, businesses can manage displays remotely and scale easily. Embracing digital signage enables companies to effectively reach their target audience and stand out in a competitive market.

Read more:
How Digital Signage Simplifies Event Promotions for Businesses

Global investment firm 3G Capital’s approach to investing centers on pursuing high-quality businesses that will benefit from its long-term involvement.

The firm’s owner-operator methodology often equates to fairly long holding periods, with 3G Capital potentially remaining directly involved with a company’s operations for decades.

After it acquired Burger King in 2010, for example, 3G Capital spent years strengthening and expanding the brand.

At the time of the nearly $4 billion deal, management changes and other challenges within the fast food chain had led to a lack of strategy and performance issues. The 3G team immersed themselves in Burger King’s operations to learn how its talent management, compensation, and other aspects of the business worked.

Through menu innovation, cost streamlining and other tactics, the firm lowered the chain’s overhead expenses and achieved other operational efficiencies. In June 2012, 3G Capital was able to take Burger King public again.

In 2014, 3G Co-Managing Partner Daniel Schwartz, who had been appointed as Burger King’s CEO the year before, said the chain had become “one of the fastest-growing and most profitable QSR businesses in the world,” through efforts such as “successful international growth, a consistent focus on brand revitalization and strong commitment to our franchisees.”

That same year, 3G acquired coffee-focused restaurant chain Tim Hortons — and established Restaurant Brands International, a company both brands began to operate independently under. After adding the Popeyes Louisiana Kitchen chain via a $1.8 billion acquisition in 2017, RBI also obtained Firehouse Subs in what the Financial Times said was a $1 billion deal in 2021.

Today, RBI is one of the largest quick service restaurant companies in existence — encompassing 29,000 [EB2] restaurants in more than 100 countries and producing more than $35 billion in annual system-wide sales.

On the recently released Sept. 26 episode of the Invest Like the Best Podcast, host Patrick O’Shaughnessy — founder and CEO of venture capital firm Positive Sum, who launched the business and investing podcast network Colossus in 2020 — and investment expert Ted Seides, who hosts the Capital Allocators podcast, discussed 3G’s Burger King acquisition.

Seides said he believed it was the highest-returning private equity deal on record.

“[3G] really grew this business, and it was doing really well,” he said. “And then, they had an opportunity to buy Tim Hortons, and they literally re-levered the entire thing, almost … They had this wildly successful LBO, and then they risked it all again, and they made it work again; and then they did it again.”

Noting that 3G Capital still owns Burger King, Seides mentioned the firm’s use of single asset funds.

“It’s a great story because there’s a combination of this operating model that 3G has, and this vision, ability to take risk, but also a very different private equity structure,” he said. “It’s [been] 14 years, and they find ways to get some people some liquidity if they want, but most people are like, ‘No, no, no, keep doing what you’re doing. It’s working really well.’”

Working With Legacy-Led Companies

In addition to corporations like Burger King, 3G Capital also has found success partnering with family-owned businesses that hope to advance their organization to the next stage of operations.

In 2022, 3G Capital obtained a 75% stake in window coverings manufacturer and retailer Hunter Douglas; headquartered in The Netherlands, the company had been owned by the Sonnenberg family since 1919.

While Hunter Douglas — which offers products that provide energy efficiency and smart home technology solutions — had become a key player in its industry with a strong market position, the company had reached a pivotal moment in its trajectory; and the members of its founding family were looking to transition its leadership.

They ultimately decided to work with 3G Capital and retain a 25% share of the company.

When the $7 billion deal was initially announced, 3G Capital Co-Founder and Co-Managing Partner Alex Behring and Schwartz said the firm had a deep respect for the Sonnenberg family’s steadfast leadership of the more than 100-year-old company and its diverse portfolio of brands.

“Hunter Douglas’ strong market position is the product of its specialized expertise built over the past century,” they said in a statement. “We are committed to preserving this expertise by empowering and supporting Hunter Douglas’ leadership and partnering closely with Hunter Douglas’ exceptional team of founders and entrepreneurial managers and unrivaled network of dealers and fabricators.”

Ralph Sonnenberg, whose father founded Hunter Douglas, called 3G Capital “a well-renowned investor, operator and a strong partner for our business.”

Prior to the acquisition, despite possessing inherent quality as a business, Hunter Douglas had been underappreciated, according to 3G Capital, garnering only minimal research and news coverage within the financial community and a very low float on the Amsterdam exchange.

The partnership with 3G Capital has helped enhance Hunter Douglas’ leadership team. Its Co-President and Co-CEO David Sonnenberg, who had garnered 30 years’ worth of experience working at the company, moved into an executive chairman role on its board of directors and continued to be involved in Hunter Douglas’ daily operations; 3G partner João Castro Neves stepped into the CEO role, and Alex Behring and Daniel Schwartz became board members.

Since becoming involved with the company, 3G Capital has helped identify options for long-term growth, including possibilities to expand in regions such as Latin America and Asia, where Hunter Douglas’ market penetration is still relatively low.

The Sonnenberg family’s decades of industry experience and institutional knowledge, in tandem with 3G Capital’s involvement, is now helping position Hunter Douglas to evolve on an international scale, without having to sacrifice its brand integrity — enabling it to move into what David Sonnenberg, when the partnership was first announced, referred to as “the next chapter of Hunter Douglas’ history.”

“As owner-operators with a long-term investment horizon and significant experience operating global branded businesses alongside founding families, 3G Capital is a dynamic steward to continue the legacy of Hunter Douglas,” he said. “As a private enterprise, Hunter Douglas will have the opportunity to advance and expand our business — while preserving the family-led culture and strong relationships with stakeholders, which have been core to our success.”

Read more:
Building Bridges: How 3G Capital Partners with Family-Owned Businesses for Long-Term Growth

Data privacy has evolved from a niche concern to a global imperative in an increasingly digital world.

As businesses rely more on user data to personalize experiences, improve services, and drive revenue, the need for robust data privacy measures has become non-negotiable. Governments worldwide have responded by introducing stricter regulations, while consumers demand greater transparency in how their data is used.

As a result, consent management tools have emerged as essential solutions for businesses navigating this complex landscape. These tools ensure compliance with laws and foster trust and loyalty among customers. For companies aiming to succeed in 2024, staying ahead of data privacy trends with solutions like CT Group is crucial.

The Shifting Landscape of Data Privacy

The notion of data privacy has changed significantly in the last decade. In the recent past, it was an IT issue confined to the basement of most organizations, but today, it is a strategic imperative that has made its way to boardroom discussions. Well-known data leaks, including Facebook and Equifax, among the most significant tech companies, demonstrate the dangers of inadequate user information management. These events have put data privacy at the center of attention with the government and the people.

As a result, governments have increased control over data management by organizations. Roy has highlighted that new laws such as GDPR in Europe, CCPA in the USA, and regulations in Asia and South America have made the environment more stringent. These laws put the ownership of personal data into the hands of users and dramatically increase the risks for those companies that are not ready to respect the users’ rights. In this high-risk climate, consent management tools have emerged as a lifesaver for organizations trying to remain legal-compliant while running their businesses.

Most importantly, these tools are not about compliance and penalties—they are about trust. The modern consumer is better informed and choosy. People want to know how their data will be used and want the option to withdraw any consent they gave. Organizations that do not make this information available to consumers are likely to lose consumer loyalty, an asset that is not easy to regain in the current world of cutthroat competition.

The Role of Consent Management Tools in 2024

Consent management tools are now considered the foundation of many business solutions, especially as data protection laws become more complex. These platforms help to make the task of collecting and managing user consent as easy as possible. This way, businesses do not have to rely on old-fashioned methods or disparate systems to manage consent but can incorporate a tool that will help them manage it efficiently.

One of the most significant benefits of these tools is that they help to work in an automated manner. It is also possible to set consent preferences to be changed in real-time to ensure that businesses can follow users’ new preferences or regulations. Furthermore, these platforms have many advantages due to elements like the dashboard’s simple interface, the precise opt-in and opt-out mechanisms, and the flexible consent banners.

Why Businesses Cannot Afford to Ignore Consent Management

The price for not meeting the requirements set by data privacy laws is relatively high. Legal penalties include fines that can cost millions of dollars, but reputation loss is usually a bigger problem. It can be challenging and time-consuming if a company has failed to make its clients trust it again. On the other hand, the consent management tool is a preventive measure to safeguard businesses against such risks. At the same time, the business will be seen as a champion of privacy ethics.

In the upcoming months of 2024, data privacy will remain a critical competitive advantage among market players. Consumers will shift to brands that value their rights and show concern about privacy. Furthermore, with new technologies like artificial intelligence and machine learning, vast volumes of data will be gathered, and more precise and accurate consent models will also be required.

Conclusion

The changes in data privacy laws have influenced the relations between businesses and consumers. In 2024, having proper control over user consent becomes a luxury and a need. The need for more extensive regulation and the continually rising expectations of consumers regarding privacy make consent management tools an all-encompassing solution for enterprises that want to remain legal and trusted. Companies’ use of these tools can greatly benefit them in avoiding legal pitfalls and, at the same time, improving their relations with customers. Nowadays, protecting data is about more than just doing the right thing; it is about doing the right thing for your business.

Read more:
The Evolution of Data Privacy: Why Consent Management Tools Are Critical for Businesses in 2024

Cloud2Me’s latest survey conducted at AccountEx Manchester sheds light on the significant challenges accountants face when transitioning to cloud-based IT solutions.

In an era where digital transformation is the key to staying competitive, many accounting firms are grappling with complex IT setups and the obstacles that come with moving to the cloud.

According to the survey, nearly half (46%) of accountants surveyed operate with a hybrid IT setup, combining both cloud and server-based applications. Just over a quarter (27%) have fully embraced cloud-only (SaaS) solutions, demonstrating a growing shift toward digital-first operations. Yet, the survey also highlights the persistence of more traditional setups, with 11% of firms still using hosted desktop providers and 14% relying on office-based servers to run their desktop software.

However, it’s not just about the choice of infrastructure—it’s about overcoming the obstacles that cloud migration presents. The survey reveals that accountants are facing significant hurdles as they attempt to modernise their IT systems, with the top three cited reasons being:

A lack of time and headspace
A shortage of internal IT experience
High migration costs

Other significant barriers to fully adopting the cloud included concerns about downtime, uncertainty about uncapped cloud-related costs and an ongoing preference to accountancy desktop apps to their cloud versions!

“Accountants are navigating a difficult landscape when it comes to IT transformation,” said Jack Bedell-Pearce, Cloud2Me’s Business Development Director who was at the convention. “Our survey highlights that many are embracing a ‘best of both worlds’ approach as evidenced by nearly half of all respondents opting for a hybrid approach. Those that are struggling to make the transition to hybrid are mostly worried about the migration process. This doesn’t have to be as difficult as it sounds, especially if they opt for a Hosted Desktop setup, where companies like Cloud2Me can effectively clone, virtualise and migrate their existing hardware setup relatively easily.”

Another key finding from the survey is how IT management responsibilities are handled across firms. While just over a third (38%) have in-house expertise (usually a Partner or Director with IT experience), a whopping 59% of firms continue to rely on local IT support providers (MSPs). While this has traditionally been a good model for practices running in-house servers for their accountancy applications, generalist MSPs may not have the relevant expertise to virtualise such specialist software. This in turn would explain our top three challenges to the adoption of a hybrid/cloud setup – a lack of experience, time and high cost.

About Cloud2Me

Cloud2Me specialises in cloud migration and IT solutions, tailored to help businesses make the transition to cloud infrastructure. With a focus on efficiency, cost reduction, and minimising downtime, Cloud2Me partners with firms of all sizes to deliver scalable, secure, and future-proof IT solutions. For more information, visit Cloud2Me’s website.

Read more:
Cloud2Me Survey Unveils Major IT Hurdles Faced by Accountants in Cloud Migration