The challenges facing the banking industry are far more complex and less forgiving than ever before—customers are more astute, regulatory controls are tightening and competition is much fiercer. Extremely thin margins are forcing institutions to deplete reserves at record pace.
Retail and Wholesale
Retail and wholesale organizations operate on thin margins and drive lean operations for maximum profitability. Without much room for error, retail companies must be focused on driving the maximum return on every dollar invested.Read More
Travel and transportation
Perhaps no other industry understands the cost of doing business more than the travel industry. Fuel costs have forever changed the way consumers travel. For more than 94 years airlines flew passenger bags for free. In 2008 one airline began to charge $15 for each checked bag. The history of the airline industry is interesting in that over 50 years the industry generated about $11 trillion dollars in revenue but only $30 billion in profits.