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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 105
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How to navigate the seismic shifts in workplace rules and roles in 2024

Work Life

Highly hands-on, anywhere workers are the true hybrid workers of the future and include sales, analysts, consultants, and higher education. In Standalone, on-site workers include banking clerks, retail, manufacturing, processing, and food prep jobs and are classic candidates for automation or simplification and outsourcing.

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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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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.

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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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How to Create Strategic Partnerships

Success

An online survey conducted by Forrester Consulting in 2019 found that 49% of respondents saw revenue boosted by partnerships and 77% of respondents saw “partnership development as central to their 2019 sales and marketing strategy.” . Proof it works: Close to meeting sales goals in the program’s first year. Mike Kilchenstein.

Retail 98