Afternoon Coffee: Cloud Security; Walmart in India; SAP, Xchanging, Capgemini, E2Open Share Prices
Better than originally thought?
Cloud Apps Somewhat More Secure Than On-Premises Apps: Survey — Security is often a showstopper for cloud computing proposals, but at least one survey suggests that applications and data may be somewhat more secure out in the cloud than within on-premises systems. In fact, cloud-based applications are less likely to be attacked than on-premises environments, a new study of 70,000 security breaches for a 12-month period across 1,600 companies, released by by Alert Logic, a security vendor, concludes.
Today on Spend Matters PRO…
Market Performance Review: SAP, Xchanging, Capgemini, and E2Open — Let’s take our regular look at how the share prices of some of the players in our procurement solutions provider market have been doing over the last three months or so.
“We are able and willing to invest whatever it takes in the supply chain, in the retail formats to move our business forward.”
No express lane for Wal-Mart, rivals in India — After finally getting his wish on Friday, now comes the hard part for Jain, country head for the world’s biggest retailer, which must negotiate a thicket of restrictions to set up shop in the world’s second most-populous country. Turning a profit in India for global supermarkets is widely expected to prove even tougher than in China, where Wal-Mart Stores Inc loses money after a dozen years and restrictions are fewer than those imposed by India. Wal-Mart, which has been ramping up its wholesale operation in India, where it operates 17 of the cash-and-carry stores allowed under the old rules, is determined to get its retail business right in a country where even local chains struggle.
Foxconn expands in Brazil.
Foxconn to Build Fifth Brazil Plant — Contract manufacturer Foxconn Technology Group, which counts Apple Inc. and Sony Corp. as major customers, will build a fifth factory in Brazil, whose tax breaks and proximity to fast-growing markets are making it an attractive alternative to China. Foxconn, the parent of Hon Hai Precision Industry Co., first invested in Brazil, the largest country in Latin America, only last year. While founder Terry Gou had said earlier that China would remain the company’s major production base for the foreseeable future–80% of its workforce is there–analysts said rising labor costs and taxes have led companies like Foxconn to reassess growth opportunities there.
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