Zurich Insurance fined £2.3m over customers' data loss -- The UK operation of Zurich Insurance has been fined £2.27m by the Financial Services Authority (FSA) for losing personal details of 46,000 customers. It is the highest fine levied on a single firm for data security failings.
Advertising influenced by procurement.
Advertising's Declining Share of Total Marketing Spend Reflects Procurement Influence -- Between 2007 and 2012, advertising's slice of the total marketing pie is forecast by Jack Myers Media Business Report to decline from 30.7% to 25.9%. That represents more than $100 billion that is shifting away from traditional media spending to alternative marketing options during this five-year span.
Keep your suppliers honest.
As the complexity of supply chains has grown, so has the likelihood of a catastrophe -- Complex systems, with a plethora of suppliers, are increasingly prone to failure and, on occasion, spectacular collapse. Contaminated pet food or peanut products, lead paint in children's toys, imploding financial products--the list is well known and growing. But in each case, the cause is essentially the same: a failure to guard against suppliers acting in their own interest.
An interesting read in regards to China.