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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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Why retail and consumer CEOs are facing shorter tenures

Work Life

When two of the most powerful brands in retail and packaged foods last month ousted their CEOs , it signaled corporate boards are more ready to toss top executives before activist investors tell them to act. Consumer packaged goods and retail chiefs to August 31 have held the top job for 7.7 The tenure for U.S. The tenure for U.S.

Retail 66
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How transparency and traceability are reinventing the future of business

Work Life

But a growing number of companies view transparency in their supply chains and manufacturing processes as a competitive advantage, and they’re not waiting for regulators to mandate disclosures. Retailers could use the technology to easily know whether an item expired before putting it on the shelf.

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Here is 2024’s growing list of U.S. layoffs by sector

Work Life

It also announced layoffs at Amazon Web Services (AWS) impacting several hundred roles in sales, marketing, and global services and a few hundred roles in the physical stores technology team. DocuSign plans to reduce its workforce by about 6%, or 400 employees, with a majority in its sales and marketing organizations.

Retail 98
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How to Partner with a Rival for a Win-Win

Success

Blue Moon Fair Trade partners with three other fair-trade retailers to combine trans-Pacific shipments, saving all of them up to 40% in shipping and paperwork expenses. Results: As of 2018, there were 11 retailers within Minnehaha Mile proper. In 2013, I opened my retail store in a blighted commercial corridor.

Retail 105
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From Small Salon to Celebrity Skincare: Mario Badescu’s President Shares the Secrets to Creating a Legacy Brand

Success

They did, growing into 36 rooms, and continuing, at that time, to manufacture the product in the basement. Things really started to accelerate when they moved into retail, first with the NYC department store Henri Bendel, which led to partnerships with more and more retailers. Every day, there’s another brand,” Cabasso quips.

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Not All Stories Have Happy Endings—For This Entrepreneur, It Was Still Worth It

Success

K-DEER was one of the first brands to make and market printed activewear in 2010 before it became an established retail department. “I In recent years, its annual sales exceeded $1 million and Macy’s carried the brand. . The printing and manufacturing was also done locally in Bergen County, New Jersey. Taking a leap.