Fortune_global_500_from(2019-2021)
Completion Date:
Project Overview
The Fortune Global 500 is an annual list of the top five hundred corporations worldwide, ranked by revenue. The list is composed and published by Fortune magazine and supplies a snapshot of the largest and most successful companies across the globe. The list ranks companies from a wide range of industries, including energy, financial services, technology, retail, and more.
The 2021 ranking revealed that Walmart, the US-based retail giant, kept its position as the world\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s largest company, with revenues of over $559 billion USD. The list also showed that China now has the highest number of companies on the list, with 123 firms making the cut, surpassing the United States\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\' 122. The technology sector continued to dominate the list, with many of the top companies being in the tech industry, including Apple, Samsung, and Alphabet.
Role:
Problem Statement
Many of the five hundred largest companies have struggled to keep consistent revenue and profitability in the face of various challenges, such as trade tensions, regulatory changes, and the ongoing COVID-19 pandemic.
Specifically, during the period of 2019 to 2021, these companies have faced disruptions in global supply chains, changing consumer behavior, and increased competition, which have affected their ability to grow and keep their market positions. In 2019, the Fortune Global 500 saw a combined revenue of $32.7 trillion, And In 2020, the combined revenue increased to $33.3 trillion While In 2021 the Total revenue dropped to $31.7 trillion with many companies facing significant changes due to the COVID-19 pandemic, Additionally, there have been significant shifts in the business landscape, such as the rise of digital technologies, which have disrupted traditional business models and required companies to adapt quickly.
Executive Summary
Data Dictionary
Key Takeaways
Next Steps
Suggestions/Recommendations:?
1-The data show there is increasing in Employee’s turnover (0.9%) in 2020 and decreased by (0.2%) in 2021 therefore I recommend:
Supply a positive work environment: A positive work environment can help employees feel valued and appreciated and can reduce turnover. This includes things like good.
Offer work-life balance: Employees who feel like they have a good work-life balance are less likely to leave their jobs. Companies can offer flexible work schedules, telecommuting options, and paid time off to help employees balance work and personal responsibilities.
Offer competitive compensation and benefits: Companies that offer competitive compensation and benefits packages are more likely to keep their employees. This includes not only salary, but also health benefits, retirement plans, and other rewards.
2 -The data shows there is decreasing in Gross profits margin GPM YOY% In 2020= -6.1% And In 2021=-15.8% therefore I recommend:
Mergers and Acquisitions: By buying or merging with other companies, companies can expand their market share, cut costs, and increase their profits.
Product and Service Development: By investing in research and development, and continuously innovating their products and services, companies can improve their competitive edge and attract more customers, leading to increased profits.
3- The data shows that the financial sector has the largest average Sales per month as ($0.6 trillion) and good average GPM% as (9.8%) therefore I recommend the other sectors to follow the same strategy like
Strategic Partnerships and Collaborations: Partnering with other businesses or influencers in related industries can help reach new audiences, gain credibility, and generate more sales through joint marketing efforts or co-branded products.
4- The pandemic had a significant impact on the sales revenues of many companies, with several seeing a decline in Average Sales per month from 2019 to 2021, such as Exxon Mobil decrease from $24 billion in 2019 to $15 billion in 2021) and Royal Dutch Shell decrease from $33 billion in 2019 to $15 billion in 2021).
So, I recommend:
Focus on innovation: Invest in research and development to develop new and innovative products or services that can help differentiate your business from competitors and drive sales growth.
Analyze data: Collect and analyze data on customer behavior, market trends, and sales patterns. This can supply valuable insights for making informed business decisions and finding opportunities for growth.
