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Effectively managing corporate travel is important for several reasons: 1. Cost control. Business travel is a major expense category for many companies. Having a structured corporate travel ...
A large part of corporate transportation management covers Ground Transportation Management (GTM), which is provided by business travel agencies and business-to-business software vendors for corporate clients to consolidate and streamline the management of their ground transportation suppliers primarily to optimize travel costs, scheduling and ...
And more increases appear to be coming down the pike for the pulped-paper-packed protein: Wholesale prices for chicken eggs soared by nearly 55% last month, and wholesale food prices rose by 3.1% ...
It is rare for price spikes to hit all major foods in most countries at once, but food prices suffered all-time peaks in 2008 and 2011, posting a 15% and 12% deflated increase year-over-year, representing prices higher than any data collected. [38] One reason for the increase in food prices may be the increase in oil prices at the same time ...
Global travel consolidation is the convergence of the components of a managed travel program at a regional level, and is a process used by Corporate Travel Management companies. In practice, this means leveraging travel volumes and concentrating sourcing with one travel provider, as well as standardizing travel policies, processes and tools.
It seems as if the mindset is slowly gaining traction, as a 2023 study from Global Business Travel Association projected spending on business travel will surpass pre-pandemic levels of $1.4 ...
The war further pushed this increase to 40% in March 2022 but was reduced to 18% by January 2023. [5] But the FAO warns that inflation of food prices will continue in many countries. [12] Increased fuel and transport prices have made food distribution worse and more complex.
Seeing the fragmentation that existed in the Indian travel and hospitality sector, the founders decided to enter the online travel space. [ 3 ] Cleartrip also operates Cleartrip for Business , [ 4 ] an online corporate travel management tool; Agent Box, [ 5 ] a travel tool for travel agents; and Cleartrip Mobile, [ 6 ] a travel booking app for ...
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