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Global Business Communications Market Expected To Reach All Time High

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global business communications

In response to the ongoing Coronavirus pandemic, the market for global business communications is showing rapid signs of growth and expansion. In fact, approximately fifty-percent of business owners are already using innovative tools to streamline their internal and external communication procedures. As a global business owner, adopting these systems can boost employee morale, revamp customer satisfaction, and help you build your team. Simultaneously, these dependable technologies can foster an increase in productivity across your organization. With so many solutions to choose from, it can be difficult to know where to begin. To get started, read on to learn about how the global business communications market is expected to reach an all-time high.

Social Intranet Software

Social intranet tools are an easy-to-operate business resource fueling expansion in the communications industry. Intranet software incorporates social technology, multimedia design, as well as search and sharing capabilities for your team. This way, businesses can improve project management, collaboration, and employee engagement throughout your small business. Of course, these software resources empower companies to discover market intelligence and redefine organizational transparency. Certainly, social intranet software tools are a major driver in the growth of the global business communications market.

Video Conferencing

When it comes to dependable internal communications and professional client meetings, the answer may lie in video conferencing software tools. Video conferencing tools empower collaboration with remote teams, screen share data, and provide remote assistance through screen takeovers. Simultaneously, many advanced tools support webinars and cross-platform business IM. This way, professionals can foster productive meetings, reduce travel expenses, and promote team collaboration. Naturally, these tools boost meeting attendance and provide more structure to meetings. Surely, video conferencing platforms are fueling growth across the global business communications industry.

Business Phone Systems

Of course, phone communications play a crucial role in the expanding global business market. Regardless of the industry type or business size, a reliable phone system is a crucial investment. Using these solutions, companies improve customer service and points of communication across the globe. They are choosing the best global business phone systems based on deployment methods, physical hardware, primary communication needs, as well as user size and scalability. This way, they can implement the best VoIP, analog, or hybrid phone systems available. In fact, an innovative PBX or cloud setup may even be the best choice for companies working across international borders. Absolutely, global business phone systems are a major driver of growth across the communications industry.

 

Staff Alerts

For business owners that are looking to communicate with several team members at once, staff alert communications tools are an excellent route to take. Employee alert systems deliver instant pop-up notifications or discreet messaging windows to your essential staff members. This way, companies can easily communicate time-sensitive, high-priority, or even emergency messages to your team. For example, if managers want to notify crucial employees about IT outages, potential security warnings, or breaking news, these are likely the best business toolkits to leverage. Using these systems, employees can greatly streamline internal communication for their company. Absolutely, these communications solutions enhance staff retention and foster an increase in productivity of work, which can ultimately lead to a better ROI. Definitely, staff alerts systems are a dependable system contributing to the growth of the business communications industry.

Instant Messaging

Along with social intranet software, video conferencing, and staff alerts, instant messaging software is an indispensable tool for many global businesses. Business instant messaging, or IM systems allow for exchange of digital, professional messages to team members over the internet. Using these collaboration toolkits, messaging can break down barriers, connect remote staff, and empower strong communications channels. Certainly, instant messaging at work empowers real-time communications and save money across any business. Even better, these tools are incredibly easy to implement and administer. Surely, company IM tools are a major driver in global business communications industry growth.

In the age of COVID-19, strong wireless technology, and innovative tools, the global business communications market is expected to reach an all-time high. First and foremost, social intranet tools are an easy-to-operate business resource fueling expansion in the communications industry. When it comes to dependable internal communications and professional client meetings, the answer may lie in video conferencing software tools. Of course, phone communications play a crucial role in the expanding global business market.  For business owners that are looking to communicate with several team members at once, staff alert communications tools are an excellent route to take. Along with social intranet software, video conferencing, and staff alerts, instant messaging software is an indispensable tool for many global businesses. Follow the points mentioned above to learn about how the global business communications market is expected to reach an all-time high.

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Canada Goose to get into eyewear through deal with Marchon

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TORONTO – Canada Goose Holdings Inc. says it has signed a deal that will result in the creation of its first eyewear collection.

The deal announced on Thursday by the Toronto-based luxury apparel company comes in the form of an exclusive, long-term global licensing agreement with Marchon Eyewear Inc.

The terms and value of the agreement were not disclosed, but Marchon produces eyewear for brands including Lacoste, Nike, Calvin Klein, Ferragamo, Longchamp and Zeiss.

Marchon plans to roll out both sunglasses and optical wear under the Canada Goose name next spring, starting in North America.

Canada Goose says the eyewear will be sold through optical retailers, department stores, Canada Goose shops and its website.

Canada Goose CEO Dani Reiss told The Canadian Press in August that he envisioned his company eventually expanding into eyewear and luggage.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GOOS)

The Canadian Press. All rights reserved.

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A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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TD CEO to retire next year, takes responsibility for money laundering failures

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TORONTO – TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year.

Masrani, who will retire officially on April 10, 2025, says the bank’s, “anti-money laundering challenges,” took place on his watch and he takes full responsibility.

The bank named Raymond Chun, TD’s group head, Canadian personal banking, as his successor.

As part of a transition plan, Chun will become chief operating officer on Nov. 1 before taking over the top job when Masrani steps down at the bank’s annual meeting next year.

TD also announced that Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January 2025.

TD has taken billions in charges related to ongoing U.S. investigations into the failure of its anti-money laundering program.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:TD)

The Canadian Press. All rights reserved.

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