Report: 49% of C-suite execs believe that COVID-19 had the most significant effects on their enterprise

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The benefits from a recent report from West Monroe revealed that 49% of C-suite executives imagine the COVID-19 pandemic has had the biggest impact on their businesses — with the linked Terrific Resignation and labor shortages coming in at a near second — indicating that other difficulties in 2021 garnered less interest from execs.

This earlier 12 months taught anyone that the environment is continue to frequently evolving. The C-suite responded to the altering organization landscape by tackling complications that were being unexpected even just a year in the past. The Delta variant and COVID-19 experienced the premier impression on company in 2021 according to the execs polled. One more 15% felt the pandemic’s impact on staff members experienced the biggest impact on their group. West Coast respondents felt the pandemic’s result on personnel the most (18%), while the Midwest region was the least fazed, with just 9% citing it as possessing the greatest impact on enterprise.

Over: In accordance to C-Suite Executives surveyed in Q4 by West Monroe, the pandemic and its linked outcomes had the biggest effects on business in 2021, though almost everything else was pressured to get a backseat.

Picture Credit history: West Monroe

The Great Resignation, shortages, and scarcities accounted for 18% each and every. With the work market as very hot as at any time, workforce began leaving their corporations en masse. Execs have been pressured to get imaginative and exam out new procedures to employ the service of and keep the best talent. Increasing wage, site adaptability, and contingent expertise had been the leading ways, in accordance to the respondents. Unsurprisingly, CFOs ended up the most concerned execs about shortages and scarcities (24%), followed by 22% of COOs.

All of this intended a lot less time for executives to focus on other pressing enterprise issues, such as investing in tech (4%), cyberattacks (3%), availability of the vaccine (3%), and ESG traits/activism, which was not at all a huge worry to the C-suite as opposed to other organization concerns in Q4.

The report is dependent on survey effects from 150 C-level executives with firms of at the very least $250 million in annual revenue, collected among September 17 to September 21, 2021.

Study the entire report by West Monroe.


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Technology incubator receives $200,000 to boost IT workforce > Columbia Business Report

A grant from Truist Money Corp. will fund scholarships and teaching at the University of South Carolina Columbia Know-how Incubator.

The $200,000 grant goes by the Truist Charitable Fund, a donor-advised fund at The Winston-Salem Foundation. It is intended to help the potential data engineering workforce in South Carolina, according to a news release.

The USC Columbia Technological know-how Incubator’s mission is to help revolutionary persons and organizations grow as a result of instruction, mentoring and an recognized sense of local community in the downtown incubation facility that serves business owners in the Midlands.

“We are grateful for Truist’s generous contribution and determination to supporting workforce advancement in South Carolina,” Chad Hardaway, the USC Columbia Know-how Incubator govt director, mentioned in the launch. “This grant will participate in a vital job in bolstering the state’s personnel workforce by giving more South Carolinians the option to further their education and ultimately turn out to be certified to fill the in-demand from customers work opportunities throughout the point out.”

The grant is supposed to provide alternatives for career development and have a ripple impact — helping men and women grow their skillsets, giving balance for families, and enriching communities, Mike Brenan, S.C. regional president for Truist, mentioned in the release.

The objective is to distribute 300 scholarships of $500 that will guide to a coaching certification or credential for South Carolina residents, with a specific emphasis on minority applicants.

“The board and I are happy of the USC Columbia Know-how Incubator’s record of normally stepping in to provide the most pressing requirements of our region,” USC Columbia Technological know-how Incubator board chairman Monthly bill Kirkland said in the release. “Thank you to our mates at Truist for their generous help. This grant improvements the incubator’s leadership purpose in acquiring a increased-proficient workforce of the long term as perfectly as continuing to serve the entrepreneurial group.”

The USC Columbia Know-how Incubator will promote the availability of Future Workforce Scholarships for these intrigued in getting into or advancing in IT or other similar job paths, the release stated. The grants will give essential reskilling or upskilling for people today affected by shifts in employment owing to COVID-19 or other financial instances, the release mentioned.

The USC Columbia Technologies Incubator will use the funding to enhance or increase to present scholarship programs as a result of the S.C. Section of Work and Workforce, the S.C. Technological Faculty Technique and other neighborhood associates.

“This grant provides chances for occupation improvement and has a ripple effect – it aids people today expand their skillsets, gives balance for family members, and enriches communities,” Brenan said in the launch. “At Truist, our function is to encourage and establish much better lives and communities, and we’re very pleased to guidance the USC Columbia Know-how Incubator and the options it will enable build for South Carolinians in the course of the Midlands.”

The USC Columbia Know-how Incubator is a nonprofit company sponsored by USC, city of


FBI raids Chinese sales equipment supplier: report

U.S. federal investigators raided the Florida offices of a Chinese point-of-sale device provider that reportedly facilitated cyberattacks on American and European entities. 

This week FBI agents descended on the Jacksonville offices of Shenzhen, China-based PAX Technology, which provides point of sale (POS) hardware and software to companies worldwide. 

POS systems are used everywhere from big box retailers to gas stations to coffee shops for processing customer payments.   

The seal of the Federal Bureau of Investigation hangs on the outside of the bureau’s Edgar J. Hoover Building in May 2017 in Washington, D.C. Recently, the FBI raided the Florida offices of a Chinese sales equipment supplier. (Chip Somodevilla/Getty Images / Getty Images)


The news was originally reported by WOKV, a local Jacksonville news outlet.  

Cybersecurity news site KrebsOnSecurity said the raid is tied to reports that PAX’s systems may have been involved in cyberattacks on U.S. and EU organizations. 

Recently, the FBI raided the offices of a Chinese sales equipment supplier, PAX Technology, which a cybersecurity news site reported may have been involved in cyberattacks.  (Jakub Porzycki/NurPhoto via Getty Images / Getty Images)

The FBI began investigating PAX “after a major U.S. payment processor started asking questions about unusual network packets originating from the company’s payment terminals,” KrebsOnSecurity said, based on information from a “trusted source.” 

“The payment processor found that the PAX terminals were being used both as a malware ‘dropper’ — a repository for malicious files — and as ‘command-and-control’ locations for staging attacks and collecting information,” the cybersecurity news site said. 


The FBI Jacksonville Office provided a statement about the recent raid of the Florida offices of a Chinese sales equipment supplier. (Google Maps)

The FBI Jacksonville office provided the following statement to FOX Business: “The FBI Jacksonville Division, in partnership with Homeland Security Investigations, Customs and Border Protection, Department of Commerce, and Naval Criminal Investigative Services, and with the support of the Jacksonville Sheriff’s Office, executed a court-authorized search in furtherance of a federal investigation (Tuesday, 10/26). The investigation remains active and ongoing and no additional information can be confirmed at this time.”

The FBI is providing no more information other than saying it conducted searches of three facilities in Jacksonville, according to Amanda Videll, public affairs officer at FBI Jacksonville. 

“On Tuesday, October 26, 2021, PAX Technology, Inc. in the United States was subject to an unexpected visit from the Federal Bureau of Investigation (FBI) and other government agencies relating to an apparent investigation,” a PAX Technology spokesperson told FOX Business. 

“PAX Technology is not aware of any illegal conduct by it or its employees and is in the process of engaging counsel to assist in learning more about the events that led to the investigation,” the spokesperson said, adding that the company is “aware of media reports regarding the security of PAX Technology’s devices and services [and] PAX Technology