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The Analysis News & Opinions


Opinion


Cost of living crisis: industry reaction


Welcome for new Crime Bill


A new Economic Crime and Corporate Transparency Bill has been announced, with the stated


ambitions of driving economic


growth and easing the cost of living. Christina Fitzgerald, president of R3, said:


If the pandemic taught us anything about retail, it is that retailers that discover ways to adapt their business through adversity are the most successful. And now, as grocery costs rise, retailers must once again look to adapt their business, to deliver a seamless, secure, and enjoyable shopping experience that


all


consumers demand. Consumers will reward companies that


provide a reliable and error-free experience on a consistent basis. While buyers are concerned with getting the best possible price, genuine loyalty comes from customer satisfaction. Above all, companies should prioritise


having the appropriate goods in the right place at the right time. Proper warehouse management sets the stage for reliable


delivery options,


which may be important now that customers are more likely to buy their own-brand goods. Adopting an eff ective omnichannel strategy


that can streamline processes and address the current crisis is what will diff erentiate fi rm in an increasingly competitive market. Now is the moment for retailers to use cutting-edge technology to bridge the gap between physical and digital commerce and deliver genuine, long-term change.


Mohit Paul Chief revenue offi cer,


Extenda Retail


“The government has taken a major step forward in its plans to reform Companies House – something we have long campaigned for – by announcing it will legislate for these changes through the Economic Crime and Corporate Transparency Bill


during this


parliamentary session. “Reform of Companies House is critical to


the insolvency and restructuring profession’s eff orts in the fi ght against fraud, and will be hugely benefi cial to our profession’s work to recoup funds fraudulently claimed under the government’s Covid support schemes. “However, this legislation needs to be introduced quickly and there are some issues


that need to be resolved before the Bill reaches the Statute Book. “When appointed to deal with an insolvent company, insolvency practitioners need to be given automatic access to all of the information captured by Companies House about the company and its directors. “I note


that this is not part of the


Bill at the moment, but making access to this information automatic would make it easier to investigate director misconduct and uncover assets for the benefi t of the company’s creditors.


the


“Despite these issues, the clear commitment government has made to


reform


Companies House is welcome. “These reforms will benefi t victims of fraud,


creditors and the wider economy once they are introduced – something we hope will happen as soon as possible.”


CCR and Intrum launch conference


CCR and Intrum are set to collaborate to bring fresh new information to the industry with a bespoke conference later in the year. The event will focus on information sharing and an invited audience will hear from a series of key industy anlysts and professionals, as well as senior fi gures from Intrum itself. Stephen Kiely, editor of CCRMagazine,


said: “At CCR we have built our strategy around delivering bespoke information to the audiences that need it, as such we are delighted to be working with Intrum on this new event.


“We will spend the coming period developing


a programme that will truly deliver on that key goal and, although spaces will be limited. I am looking forward to what promises to be anoth- er important learning opportunity, with insight and analysis on off er.”


10


www.CCRMagazine.com


May 2022


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