Day: September 14, 2022

Complying with safety regulations is a challenge for most companies, but even more so for large manufacturers. The consequences of non-compliance are huge too. According to a Ponemon-Global Scape report, the annual cost of non-compliance with regulations has increased by 45%. This can range anywhere from $2.2 million to $39.2 million.

The manufacturing and industrial sector have seen a fair share of disruption even before the whole world of work got upended by the COVID-19 pandemic. Changing customer preferences, dynamic market forces, increasing competitiveness, and continuous disruption have been increasing the pace of change.

If you thought revenue leakage happens only when you don’t bill or underbill your customers, you’re wrong! Today, with business operations getting so complex, revenue leakage is a growing concern across every stage of the manufacturing and fulfillment lifecycle.