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Global Economics Intelligence executive summary, December 2023

McKensey

2024 looks uncertain: inflation has come down but long-term interest rates remain high; retail sales are relatively stable; manufacturing continues to contract; geopolitical concerns are on the rise.

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Forget About the Career Ladder—Focus on the Career Lattice Instead

Success

“Instead of being a one-dimensional account manager from the tech field, become a multidimensional account manager who has sat at the table in tech, manufacturing and other industries and therefore has a broader base of experience to draw upon in future roles,” she says.

Finance 103
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Why retail and consumer CEOs are facing shorter tenures

Work Life

retail and packaged goods company CEOs has this year on average been about 7 months shorter than chiefs who were in office in 2024 in the autos, finance, tech and manufacturing industries, data to August 31 from executive compensation research firm Equilar show. The tenure for U.S.

Retail 74
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Tupperware Files for Bankruptcy: Why Bankruptcy Doesn’t Mean the End of a Business

Success

Plastic container-manufacturing company Tupperware has formally filed for bankruptcy, with its president and CEO Laurie Ann Goldman citing financial struggles brought about by the “challenging macroeconomic environment” in a statement.

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Honeywell International CEO Vimal Kapur’s leadership style is shaped by his time in the field

Work Life

” Keep it simple Indeed, Kapur’s one-year tenure as CEO of the technology and manufacturing giant has been notable for his relentless efforts to simplify the business. For example, Honeywell is reportedly considering the sale of its personal protective equipment unit, which makes facemasks and other gear.

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The circular economy is a great opportunity, but it doesn’t add up yet

Workplace Insight

Manufacturers and suppliers are arguably challenged by lack of clarity, requirements for significant investment, combined with cost pressures in a heavily subscribed market. Tax incentives introduced to buoy up the struggling furniture manufacturing sector during the pandemic, for example, support the traditional, procurement approach.

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How to Make Sustainable Practices Make Sense for Your Business

Success

. “Consumer commitment to environmental sustainability and social responsibility has intensified with consumers voting with their wallets,” Jonathan Wright, global lead for cognitive process reengineering at IBM, told Yahoo Finance.