Technology
Nedap’s revenue up 13%, operating margin up to 12.1%
Published
3 months agoon
By
All key markets contributing to revenue growth
GROENLO, The Netherlands, July 16, 2026 /PRNewswire/ —
Key points
Revenue increased by 13% to €152.0 million (H1 2025: €134.9 million). Revenue in key markets grew by 14%.Recurring revenue increased by 17% (H1 2025: 11%) and accounted for 42% of total revenue (H1 2025: 40%).Operating profit increased to €18.3 million (H1 2025: €13.8 million). Operating margin grew to 12.1% (H1 2025: 10.3%).
Rob Schuurman, CEO: “Halfway through the year, we remain on track with our Step Up! strategy. Revenue grew across all four key markets in the first half of the year, with Livestock making a large contribution to this growth. Recurring revenue continued to grow, reflecting the increasing adoption of our Digital Twin Technology solutions in customers’ core business processes, and its rising share in our revenue mix improved underlying profitability.”
Key figures
In € x 1M or as a percentage
H1 2026
H1 2025
Change
Revenue
152.0
134.9
13 %
Recurring revenue
63.3
54.2
17 %
Added value as % of revenue
74.8 %
73.2 %
Operating profit
18.3
13.8
33 %
Operating margin1
12.1 %
10.3 %
Net profit
14.7
10.9
35 %
Earnings per share (€ x 1)
2.22
1.65
35 %
30/6/2026
30/6/2025
Net debt-to-EBITDA
-0.2
0.6
Solvency
59 %
55 %
1 Defined as operating profit expressed as a percentage of revenue.
Outlook
We expect revenue growth in the second half of 2026 compared to the second half of 2025, supported by growing customer adoption across our markets. We remain focused on sustainable long-term growth and will continue to invest accordingly, with particular emphasis on Nedap’s technology platform, AI, and cybersecurity. Geopolitical developments and market conditions may affect the pace of revenue growth during the remainder of the year.
Progress on our strategy
As we execute Step Up!, we remain focused on creating and scaling solutions that add value for our customers and the markets they serve. Across our four key markets, adoption of Digital Twin Technology and as-a-service solutions continued to increase. This development contributed to recurring revenue growth.
We continued to invest in Nedap’s technology platform, spanning cloud infrastructure, cybersecurity, and AI, which supports both private and public cloud strategies and gives us increased control over our solutions. These investments support the further development and scaling of our solutions. They also enable us to leverage capabilities and technologies developed in one market more broadly across our portfolio. An example of this is the design system originally developed for Ons® in Healthcare, which is now being applied in other Nedap cloud solutions, including Pace in Security. To strengthen technology leadership across Nedap, we appointed a Chief Technology Officer to the Nedap Leadership Team.
We will host a Capital Markets Day in mid-2027, setting out the next chapter of our strategy. Details will be communicated in due course.
Key market developments
The relevance of our solutions continued to translate into customer adoption across our key markets, reflected in several new contracts in the first half of the year. Alongside this, we invested in the capabilities that support long-term growth: expanding what our solutions can do and scaling production capacity.
In Healthcare, new customer wins across disability care, youth care, and general practice reinforced our position in the transition to network care. These care sectors are strategically important to building a more connected, open, and sustainable healthcare system, and the adoption of Ons® Suite reflects the fit of our solutions with real-life processes of care professionals in these sectors. MediKIT and Luna also contributed to revenue growth in the first half of the year.
In Livestock, dairy farmers’ growing demand for data-driven insight into herd health and performance drove further adoption of the Cow Monitoring Platform and, in turn, demand for SmartTags, SmartSight and the broader portfolio. To enable this growth, we launched a new fully automated SmartTag production line in the Netherlands, significantly increasing production capacity. While milk prices remained below 2025 levels, dairy farmers continued to invest in our solutions, demonstrating strong underlying demand across our portfolio. The adoption of as-a-service solutions for both SmartTags and SmartSight contributed to further recurring revenue growth.
In Retail, new long-term customer partnerships demonstrated the growing adoption of our Inventory Engine, as retailers sought greater end-to-end inventory visibility and more data-driven operations. We continued to invest in the Inventory Engine, turning item movement across stores, distribution centers, and factories into one reliable view, embedded in customers’ core processes. With insight generated by the Inventory Engine, retailers drive sales, lower cost, and reduce losses all while delivering seamless omnichannel retail experiences. New business momentum remains strong across North America and the EMEA region.
In Security, continued customer investments in Mobile Access and long-range identification solutions reflected increasing demand for secure and efficient access management. Recurring revenue continued to grow with the scaling of cloud-based solutions such as Pace and Mobile Access. We also opened a new office in Saudi Arabia to strengthen our presence in a market where we see attractive long-term growth opportunities for our Security solutions. Geopolitical instability in the Middle East delayed rollouts, negatively impacting results in the first half of the year.
Financial affairs in the first half of 2026
Revenue
Revenue for H1 2026 amounted to €152.0 million, which was 13% ahead of H1 2025 (€134.9 million). Revenue in our key markets increased by 14%. All key markets showed revenue growth. Livestock experienced particularly high growth in Q1.
Recurring revenue, the revenue from software subscriptions (licenses) and services, rose by 17% to €63.3 million in H1 2026 (H1 2025: €54.2 million), comprising 42% of revenue (H1 2025: 40%).
Added value was up from €98.7 million in H1 2025 (73.2% of revenue) to €113.7 million in H1 2026 (74.8% of revenue). The improvement was driven by a higher share of recurring revenue and improved margins on product deliveries.
Operating costs
Total operating costs grew by 12%, from €84.8 million in H1 2025 to €95.4 million in H1 2026.
Personnel costs (including temporary and agency workers) increased to €69.0 million in H1 2026, from €61.9 million in H1 2025. This includes a €2.4 million non-recurring provision for expected employment-related obligations. Our closing number of FTEs increased by 3% from 1,020 in the first half of 2025 to 1,055 in the first half of 2026. Underlying personnel costs per FTE increased in line with annual wage increases under the collective labor agreement. Additionally, there was an increase in temporary labor.
Other operating costs went up from €16.6 million in H1 2025 to €19.8 million in H1 2026. Development and IT expenses increased by €1.8 million, principally related to Ons® Suite capabilities, AI, and licenses. Within other operating costs, marketing and sales costs increased by €1.5 million due to a €0.7 million bad debt write-off, and a €0.8 million investment in direct marketing activities. Foreign exchange differences amounted to a loss of €0.1 million in H1 2026, compared to a loss of €0.3 million in H1 2025.
Depreciation increased from €5.1 million in H1 2025 to €5.4 million in H1 2026. Amortization increased to €1.2 million (H1 2025: €0.7 million), primarily due to the start of amortization on RFID Pro-Line Readers within Retail. In H1 2026, no impairments were recognized (H1 2025: €0.6 million).
Operating profit
Operating profit (EBIT) for H1 2026 came in at €18.3 million, compared to €13.8 million in H1 2025. The operating margin, i.e., the operating profit expressed as a percentage of revenue, amounted to 12.1% in H1 2026 (H1 2025: 10.3%).
Financing costs and taxation
Net financing costs decreased to €0.1 million in H1 2026 (H1 2025: €0.3 million) as a result of a lower reliance on external debt. Taxation in H1 2026 totaled €3.5 million (H1 2025: €2.6 million). The effective tax rate remained broadly flat at 19.1% (H1 2025: 19.5%).
Profit for the half year
Net profit for H1 2026 came in at €14.7 million, compared to €10.9 million in H1 2025. Earnings per share increased from €1.65 in H1 2025 to €2.22 in H1 2026. The average number of outstanding shares in H1 2026 was 6,623,005 (H1 2025: 6,600,558). This increase is the result of the delivery of shares held by the company to cover employee participation plans.
Financial position
The balance sheet total decreased from €136.4 million as of 31 December 2025 to €135.9 million as of 30 June 2026. Trade and other receivables increased at a lower rate than revenue. Inventories continued to decrease. Current liabilities increased from €41.7 million as of 31 December 2025 to €49.1 million as of 30 June 2026. This relates to a difference in timing of tax payments, provision for employee-related obligations and increased liabilities in line with higher revenues. Cash and cash equivalents increased from €3.4 million as of 31 December 2025 to €3.9 million as of 30 June 2026.
Net debt-to-EBITDA stood at -0.2 as of 30 June 2026 (+0.6 as of 30 June 2025). Solvency stood at 59% as of 30 June 2026 (55% as of 30 June 2025). There are no drawings on the credit facilities as of 30 June 2026 (€15.7 million as of 30 June 2025). The net debt position is now negative at -€3.9 million as of 30 June 2026, compared to €13.0 million as of 30 June 2025.
Cash flow
Operating cash flow amounted to €30.2 million in H1 2026, against €22.2 million in H1 2025. This resulted mainly from the improvement in operating profit and working capital.
About Nedap N.V.
Nedap is a leader in Digital Twin Technology, bridging the physical and digital worlds in Healthcare, Livestock, Retail, and Security. Through our Technology for Life philosophy, we create sustainable, forward-thinking solutions that help people and organizations succeed in an ever-changing world.
Nedap has a workforce of over 1,000 employees and operates on a global scale. The company was founded in 1929 and has been listed on Euronext Amsterdam since 1947. Its headquarters is located in Groenlo, the Netherlands.
For more information, please contact:
Rianne Jans
CFO
+31 (0)544 47 11 11
ir@nedap.com
nedap.com
Disclaimer
This press release contains the Board of Directors’ forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. The actual results or events could differ from these expectations due to changes in the economic climate, developments on specific markets, orders from individual customers and/or other developments.
Nedap cannot be required to update the forward-looking statements contained in this document or held responsible for doing so, regardless of whether they are related to new information, future events or suchlike, unless Nedap is required to do so by law.
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/nedaps-revenue-up-13-operating-margin-up-to-12-1-302827061.html
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Technology
FleishmanHillard and Contagious Reveal “The Chaos Advantage”: New Study Shows Caution Has Become the Riskiest Strategy in Marketing
Published
28 minutes agoon
October 6, 2026By
Global research reveals how brands can turn uncertainty into bold action and competitive advantage
NEW YORK, Oct. 6, 2026 /PRNewswire/ — FleishmanHillard and Contagious today released a new study, “The Chaos Advantage,” examining how the world’s most successful brands are turning uncertainty into a competitive advantage while most organizations remain paralyzed by caution. Based on an analysis of recent Cannes Lions and Effie Awards winners, along with a global survey of 1,000 senior marketing and communications leaders across North America, EMEA and APAC, the research reveals a striking and costly gap: 88% of marketing leaders believe bold creative drives impact, yet most of their organizations still produce mostly safe work.
Initial research was previewed at the 2026 Cannes Lions Festival of Creativity by Contagious Editorial Director Alex Jenkins during his keynote “How to Win in a Volatile World.”
FleishmanHillard and Contagious will host a series of events across the United States and United Kingdom to explore the findings, provide examples of brands that have leveraged uncertainty as a competitive advantage and highlight modern communications solutions to achieve bolder, business-driving work amid chaos. Conversations will begin at Advertising Week New York, including on Tuesday, Oct. 6 at 1:25 p.m. EDT in the session, “The Chaos Advantage: Why Bold Brands Move First” at ADWEEK House HQ and on Thursday, Oct. 8 at 11:30 a.m. EDT in the Advertising Week Tech Stage session, “The Cost of Waiting: How Mature Brands Keep Their Edge.”
The research reveals:
87% of respondents agree that uncertain environments create opportunities for bold work.Safe brands and bold brands experience public backlash at identical rates.Two-thirds say their risk management processes block action more than they enable it.58% say missing opportunities through caution is more common than experiencing negative consequences from bold action.42% have already watched competitors capture share while they hesitated.
“We’re seeing this pattern where leaders know bold work wins but their organizations can’t seem to approve and execute it,” said Jim Joseph, global chair, Brand Impact at FleishmanHillard. “We commissioned this research to quantify the gap and understand what’s actually blocking action. The answer is behavioral, not strategic.”
The Opportunity Cost of Playing It Safe
The report reveals that dull content requires significantly more investment to achieve results, with brand conversion dropping 37% and long-term ROI falling 14% when organizations default to uninspired creative. The cost of caution is measured not just in missed opportunities but in lost business impact.
“The data makes clear that uncertainty is now the operating condition, not a moment to wait out,” said Ellie Tuck, chief creative officer, Americas at FleishmanHillard. “Organizations that treat caution as a risk management strategy are actually multiplying their risk. The brands that thrive are the ones taking action despite, and because of, the uncertainty.”
Jenkins added: “The research validates what we’ve seen across award-winning work. Companies growing through uncertainty are those responding with creative conviction rather than hesitation. This is less about recklessness and more about understanding that the operating environment has fundamentally changed and requires a different strategic response.”
Enabling Bold Action Through Better Risk Management
The launch of “The Chaos Advantage” reinforces FleishmanHillard’s new approaches to risk governance in uncertain times. Building on the proprietary “License to Lead” reputation study, the research establishes why bold action matters and how organizations can enable it. To help clients close the gap between knowing and doing, the firm launched its Crisis, Issues and Risk Solutions Suite, including Risk ID, an expert-guided AI platform that helps teams identify, prioritize and mitigate risks before launch. Rather than blocking action, these tools enable organizations to move with confidence rather than caution, addressing the structural barriers the research identified.
Earning Brand Growth Through Creative Bravery, with Confidence
“There’s a bigger implication here for marketing and communications leaders,” Tuck continued. “The old marketing playbook was built for a world where brands could control the message. That world is gone. Communities decide what’s worth talking about. You can’t buy your way through chaos. You have to know how to move through it. And that’s where modern communications and the ability to predict shifts, earn attention and mobilize influence become a critical engine of modern brand growth. That’s the conversation we want to start.”
To download the full report, visit FleishmanHillard.com or Contagious.com or email Chaos.advantage@Omnicompr.com to inquire about a custom consultation or events coming to your region.
About FleishmanHillard
FleishmanHillard is a global strategic communications consultancy combining corporate affairs and brand impact expertise at scale. Following the integration of Porter Novelli, the firm serves clients across health and life sciences, technology, financial services, retail and consumer, food and agriculture, manufacturing and energy, and government and public sector. FleishmanHillard was named PRovoke Media’s Data-Driven Agency of the Year 2026 and PRWeek U.S. Agency of the Year 2023. FleishmanHillard is part of Omnicom Public Relations.
About Contagious
Contagious helps agencies and brands supercharge their marketing by learning from the world’s most impactful brands, campaigns, and trends. Its global editorial intelligence platform Contagious IQ focuses on breakthrough marketing ideas and best-in-class campaigns that propel the industry forward. Contagious is part of LIONS and is brought to you by Informa Festivals, a trading division of the Informa Group.
About Omnicom Public Relations
Omnicom Public Relations (OPR) is Omnicom’s global public relations capability and one of the company’s Connected Capabilities. Operating through leading agency brands, OPR advises and activates for clients across corporate and brand communications, health, public affairs, and social impact. OPR connects world-class talent with shared platforms, technology, and data-driven intelligence, including Omnicom’s Omni platform, to deliver integrated communications that shape reputation, drive influence, and produce measurable impact worldwide.
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SOURCE FleishmanHillard
Technology
Mars unveils the future of shopping and retail: New research predicts a shopper journey free of chores and full of fun
Published
28 minutes agoon
October 6, 2026By
The global leader in snacks analyzed more than 180,000 global data signals to identify today’s shopper demands — and is ready to work with retailers and all partners to shape what comes next.
A two-pronged retail world: As agentic shopping assistants increasingly automate routine purchases, physical stores and digital shopping platforms will take on new shapes as playful discovery destinations shoppers choose to visit.Three core shopper demands: This retail evolution is driven by human needs and enabled by new technology: Effortless AI-driven purchasing, Personal curation and Experiential touchpoints that prioritize joy and community.Shaping the future together: Powered by this data, Mars predicts brands and retailers will need to work together to design holistic new shopping solutions to drive growth within the snacking category as legacy browsing and impulse shopping behaviors give way to predictive fulfillment that happens in the background.
CHICAGO, Oct. 6, 2026 /PRNewswire/ — As the world continues to undergo a massive technological shift redefining how we live and shop, today, Mars, on behalf of its snacking business, revealed new insights on the future of shopping and retail. The findings come from the company’s landmark study, which details how in the next decade, routine grocery runs will become increasingly automated, paving the way for a brick-and-mortar renaissance and continued transformation of digital shopping platforms driven by discovery, play and community.
Together with consumer research experts Kantar and Synthesis, Mars analyzed more than 180,000 global data signals1 across four continents — including stakeholder and expert interviews, channel and shopper publications, podcasts and global news — to pinpoint changing consumer demands that will redefine how people shop in the future.
The ever-evolving shopper journey will be defined by a transformational duality in this next era:
Shopping will become a frictionless background service managed by agentic technology, freeing consumers to focus on what matters to them.Physical stores and digital platforms will feel less like supermarkets, convenience stores or typical online shopping, and more like immersive playgrounds designed for discovery and entertainment.
“We’re standing on the brink of a retail revolution — one where people may never have to manually shop for household staples again. For a category like snacking, this is both an opportunity and a strategic challenge,” said Neil Reynolds, Global Chief Customer Officer, Mars Snacking. “We’ve invested in significant research to understand how the shopper journey will evolve, and this research gives us a clear roadmap. But here’s what’s equally clear: No single company can solve this alone. The only path forward is to work hand-in-hand with retail customers and all partners who are ready to lead this transformation to drive consumer satisfaction and long-term growth across the entire ecosystem.”
As retailers and brands navigate this new landscape, they face a dual challenge: integrating into the predictive fulfillment systems that will power consumers’ digital lives, while simultaneously transforming retail into connected, sensory-rich destinations that reward people for leaving their homes. Understanding this new ecosystem is no longer just a competitive advantage — it is essential for future growth.
Behind these key insights are three critical future shopper demands that are shaping how Mars is thinking about the future: Effortless, Personal and Experiential.
Effortless: AI-powered background restocking
The shift: Wandering grocery store aisles may soon become a thing of the past. Soon, agentic systems will make fast, informed recommendations based on preferences and inventory, requiring only shopper confirmation.The data: According to BrightEdge, AI referrals to e-commerce brands jumped 752% year over year during the 2025 holiday season — and this is projected to grow to $788B by 2035.1What’s next: As consumers offload everyday chores to digital assistants, retailers must both earn a spot on automated lists and find new ways to spark spontaneity and curiosity in discovering new offerings.
Personal: Hyper-curated retail experiences
The shift: The shopper journey of tomorrow will feature personalized, highly relevant shortlists designed specifically for an individual — and, increasingly, their health and wellness goals.The data: Today, 39% of consumers expect personalized online experiences according to TransUnion — a trend increasingly health-led, with mobile health and wellness apps projected to grow 15% annually through 2030.1What’s next: The next frontier of retail relies on e-commerce agents that personalize across the entire snacking spectrum — recommending protein-rich options before a workout, assembling treats for a party and honoring moments of indulgence — all while protecting consumer privacy.
Experiential: Immersive retail destinations
The shift: As routine shopping becomes effortless, consumers reclaim more time for what they truly enjoy. Retail becomes an immersive experience driven by culture and trends, both in store and online.The data: Immersive brand spaces are seeing 15.3% year-over-year growth,1 while 22% of U.S. digital buyers already shop via livestream, according to eMarketer.What’s next: Storefronts showcase viral consumer trends, while shoppable moments embed themselves directly into social, gaming and streaming environments.
For 115 years, Mars has built enduring brands by staying close to where consumers are heading. Today, the profound changes underway in retail are part of a larger generational shift reshaping the entire category — one that demands a generational response. By investing to reimagine snacking, innovate across touchpoints and partner with the industry for mutual growth, Mars is actively shaping the future of snacking: serving more of the moments that matter for generations to come.
To learn more about what the future of shopping and retail has in store, please visit https://www.mars.com/news-and-stories/articles/forget-the-grocery-list-mars-predicts-next-decade-shopping-retail
ABOUT MARS, INCORPORATED
Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. Based on combined Mars and Kellanova 2025 net sales, we are now a $65bn+ family-owned business, with a diverse portfolio of quality snacking and food products that delight millions of people every day, and leading pet care products and veterinary services that support pets all around the world. We produce some of the world’s best-loved brands including ROYAL CANIN®, PEDIGREE®, WHISKAS®, CESAR®, M&M’S®, SNICKERS®, EXTRA®, Pringles®, Cheez-It®, and BEN’S ORIGINAL™. Our international networks of pet hospitals, including BANFIELD™, BLUEPEARL™, VCA™ and ANICURA™ span preventive, general, specialty, and emergency veterinary care, and our global veterinary diagnostics business ANTECH® offers breakthrough capabilities in pet diagnostics. The Mars Five Principles — Quality, Responsibility, Mutuality, Efficiency and Freedom — inspire our approximately 170,000 Associates to act every day to help create a better world for people, pets and the planet.
For more information about Mars, please visit www.mars.com. Join us on Facebook, Instagram, LinkedIn and YouTube.
Media Contacts:
Christi.obrien@effem.com
Sources
1. Mars Future Snacking Shopper Journey analysis, developed with Kantar and Synthesis. Based on 11 stakeholder and shopper/channel expert perspectives; more than 30 prior research reports; 91,500 channel publications; 79,300 shopper publications; 4,999 curated consumer and channel podcasts representing 21,755 minutes of content; and over 150 drivers of change. Global English-language news and podcast content was collected from January 2024 through December 2025, with no location filters; top contributing markets included the U.S., U.K., UAE, India, China, Canada, Australia, Singapore, Philippines and Malaysia.
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SOURCE Mars, Incorporated
Technology
Jaimie Reese Joins VTG as Senior Vice President of Defense Engineering Systems
Published
28 minutes agoon
October 6, 2026By
Retired Department of the Navy senior executive brings extensive naval acquisition, financial management, workforce, and operational leadership experience
CHANTILLY, Va., Oct. 6, 2026 /PRNewswire/ — VTG, an industry-leading provider of modernization and digital transformation solutions for national security customers, announced today that Jaimie Reese has joined the company as Senior Vice President of its Defense Engineering Systems Business Unit. In this role, Reese will lead one of VTG’s largest business units, which provides engineering services supporting the U.S. Navy’s ship and aviation systems.
“Jaimie is an accomplished leader whose experience across the Department of the Navy will strengthen our ability to serve our customers and support our people,” said John Hassoun, President and CEO of VTG. “Her extensive knowledge of naval acquisition, financial management, human capital, and operations will be a tremendous asset to our leadership team. We are pleased to welcome her to VTG.”
Reese joins VTG following a distinguished federal career in the Department of the Navy’s acquisition and financial management community. She began her career as a financial management trainee and subsequently held leadership roles in the Investment Division of the Department of Navy’s Office of Budget, leading multiyear procurement strategies and congressional engagement on complex aviation and shipbuilding programs. She also served as business and financial manager for the Navy’s LPD-17 amphibious ship program.
In 2016, Reese was appointed to the Senior Executive Service and became Deputy Commander for Resource Management at Marine Corps Systems Command. In that role, her leadership of both the Comptroller and human-capital functions resulted in new and innovative approaches to delivering critical warfighter capabilities.
Reese later served as Deputy Assistant Secretary of the Navy for Acquisition Policy and Budget, advising Navy acquisition leadership on the planning, programming, budgeting, and execution of acquisition resources. In November 2022, she became Deputy Commander for Corporate Operations and Total Force at Naval Sea Systems Command, where she led human-capital and corporate-operations initiatives supporting a workforce of more than 35,000 people. She retired from federal service in 2025.
“I am excited to join VTG and continue supporting the Navy’s most important missions,” said Reese. “VTG’s combination of technical expertise, deep customer knowledge, and agility creates tremendous opportunities to deliver results for our customers while developing the next generation of mission-focused leaders.”
Reese is a graduate of Virginia Wesleyan University and holds a master’s degree in public administration from George Washington University.
About VTG
VTG delivers modernization and digital transformation solutions that expand America’s competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network, and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow’s Transformation Today. For more information, visit us at www.VTGdefense.com.
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SOURCE VTG
FleishmanHillard and Contagious Reveal “The Chaos Advantage”: New Study Shows Caution Has Become the Riskiest Strategy in Marketing
Mars unveils the future of shopping and retail: New research predicts a shopper journey free of chores and full of fun
Jaimie Reese Joins VTG as Senior Vice President of Defense Engineering Systems
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