According to reports, undefeated retired boxer Floyd Mayweather has entered right into a cooperation agreement with Black Spruce Management.

According to Mayweather, yes investing $402 million for a 1,000-unit inexpensive housing portfolio spanning over 60 buildings in Manhattan, in the guts of New York City. The deal was reportedly made with Josh Gotlib of Black Spruce Management. As of now, Black Spruce and Mayweather haven’t released any details or comments. However, media reported that the multifamily real estate deal is concentrated on Upper Manhattan and shall be one in every of the biggest transactions in the town this 12 months.

A portion of the portfolio closed on October 17, and the rest of the transaction is anticipated to shut in the fourth quarter or early first quarter of 2025.

In 2021, Black Spruce worked recapitalize 1,800-unit Article XI contract. They planned to perform this by selling interests in 97 buildings, that are also primarily positioned in Upper Manhattan and comprise six portfolios. The company planned to sell a 49.9 percent stake, which might value the deal at $700 million.

Money is flowing like water for Mayweather, because it was recently reported that the previous boxer had purchased 4 million-dollar luxury watches. Not to be outdone, when he heard that luxury watch designer Avi & Co was debuting a brand new watch collection, he was able to buy it. However, after seeing the 4 watches in the gathering, he decided to easily buy the complete set.

They cost $250,000 each, giving him a $1 million return. In doing so, he became the primary person to own all 4 watches from the Avi & Co Hue collection.

“It’s hard to choose one watch; they are all unique watches. I’m proud of Avi and I support him. He’s my friend and if I want to hang out with him, I can. You can’t do that with a Rolex or AP (Audemars Piguet) owner.”

New Zealand is extremely depending on trade, especially sea routes, which give a lifeline for exports and imports. Key sectors akin to agriculture, construction and wholesale and retail trade are highly depending on this global network.

External events can seriously disrupt the flow of products, delay deliveries or damage critical infrastructure.

However, a crisis like the COVID pandemic may disrupt business commitments to sustainability goals akin to reducing greenhouse gas emissions, minimizing waste and improving resource efficiency.

This is very important because over the last decade, several large New Zealand firms have introduced sustainability measures into their operations.

Fonterra, for instance, has adopted low-carbon logistics and distribution practices. Zespri uses blockchain technology to improve transparency of its sustainable practices and improve tracking throughout its supply chain. Air New Zealand works with local suppliers and undertakes initiatives to reduce carbon emissions.

in ours recent researchwe reviewed 287 studies on supply chains. We’ve identified key tensions between efficiency and sustainability, and how major disruptions to supply chains and operations can disrupt the balance between them.

On the one hand, firms are under pressure to maintain lean and lean operations. On the other hand, the need to build resilience and sustainable development is increasingly recognized, especially in the face of climate change.

Traditional strategies

New Zealand’s supply chains are vulnerable to disruption from natural disasters (akin to earthquakes and floods), geopolitical tensions and global health crises.

Historically, firms have responded in a wide range of ways: by diversifying suppliers, increasing inventory buffers, and securing alternative transportation routes.

The use of technologies akin to radio frequency identification has played a key role in tracking goods throughout the supply chain. Provides real-time visibility and accurate inventory management.

Blockchain is becoming a key tool to ensure more sustainable supply chains. This technology uses a digital ledger to keep information secure and easier to track.

However, continued technological innovation can leave people and businesses at an obstacle with limited resources and opportunities in the supply chain.

Implementing a circular economy

During the pandemic, businesses have experienced shortages of key supplies, delivery delays and demand fluctuations. This forced them to temporarily abandon long-term sustainability strategies in favor of short-term survival tactics.

It made sense from a business standpoint. However, to build more resilient and sustainable supply chains, firms will need to transcend traditional strategies.

Our research shows that incorporating circular economy principles into supply chain management may help create a buffer for businesses.

The circular economy model focuses on minimizing waste – keeping products and materials in use for so long as possible. It also focuses on regenerating natural systems to support economic, social and environmental resilience.

Companies can reduce their dependence on external supply chains by specializing in material reuse, creating closed-loop systems with regional partners and improving existing technologies.

By fostering stronger connections with local suppliers and specializing in regional sourcing, firms can reduce their exposure to global risk. This may even help build more self-sustaining supply chain ecosystems.

Building sustainable supply chains requires investing in advanced technologies akin to blockchain and artificial intelligence. However, the implementation of those technologies needs to be done fastidiously and in stages to minimize disruption. Taking things slowly may allow all supply chain partners to be included in these technological changes.

The way forward

The way forward for New Zealand’s supply chain is dependent upon greater collaboration between all parties involved, including businesses, policymakers and communities.

In practice, this implies working together to build systems that usually are not only efficient and cost-effective, but in addition resilient and sustainable.

Similarly, resilient supply chains require regional production ecosystems. To reduce the risks arising from disruptions in the global supply chain, it’s crucial to support local production, even when production costs at sea are lower.

This would require government support and strategic investment in regional manufacturing innovations.

While New Zealand’s supply chains face significant challenges, there is big opportunity to transform them to ensure a more resilient and sustainable future.

By integrating circular economy principles, leveraging advanced technologies and supporting regional cooperation, New Zealand can build supply chains which can be prepared to withstand future crises, in addition to contributing to the country’s sustainability goals.

social security, already below significant financial pressures, has a staggering $23 billion in unrecovered overpayments.

Between fiscal years 2015 and 2022, the Social Security Administration (SSA) made nearly $72 billion in improper payments, most of which were overpayments. This comes amid a looming financial crisis wherein trust funds are expected to be depleted by 2035, potentially resulting in a 25% reduction in advantages for thousands and thousands of Americans.

Although improper payments represent lower than 1% of total advantages paid during this era, $23 billion in uncollected overpayments pose a major problem for SSA, in accordance with the Office of Inspector General (OIG). These overpayments – often the results of errors or misreporting by beneficiaries – highlight the agency’s efforts to keep up the financial accuracy of its payments.

Since 2002, OIG marked inappropriate payments as a “major management challenge” and made dozens of recommendations for stopping and correcting them. However, despite repeated audits and advisories, a lot of these recommendations remain unimplemented, which has impaired SSA’s ability to recuperate funds and prevent future overpayments.

According to OIG audits, one in all the major causes of improper payments is SSA’s reliance on beneficiaries to self-report changes of their circumstances. resembling income or housing conditions that affect payment amounts. The lack of sufficient controls in SSA’s automated and manual processes further complicates matters. The OIG urged SSA to acquire more accurate data from external sources, resembling other federal agencies and financial institutions, to raised assess eligibility and payment amounts.

Despite these ongoing challenges, SSA has made some progress. In October 2023, the agency began a comprehensive review of its overpayment procedures and is developing latest systems to access third-party payroll data. This could reduce improper payments, especially for beneficiaries who work while receiving advantages.

However, efforts to implement a brand new debt management product – intended to deal with several OIG recommendations – were halted in fiscal 12 months 2024 as a result of lack of funding. This leaves many key issues unresolved, making it difficult to effectively recuperate overpayments.

“Improper payments have long been a challenge for SSA,” said Michelle L. Anderson, deputy inspector general for audit and acting inspector general. “While the Agency has taken action to address this challenge, it must do more.”

With Social Security’s financial future hanging within the balance, addressing the issue of improper payments is critical to this system’s solvency. Preventing and recovering overpayments won’t fully solve the crisis, however it is a critical step in ensuring that Social Security can proceed to offer a living for the thousands and thousands of Americans who depend on it.