Associated tags: Adviser, Human Capital, Construction, Optimism, Travel, Consumer, Rotation, Research, Thought, Winter Holidays, Restaurant, AI, ROI, Environment, New Year's, Automation, Tourism, Retail, Insurance
Locations: MASSACHUSETTS
Retrieved on:
Tuesday, November 28, 2023
Machine learning,
Problem solving,
Organization,
Investment,
Artificial intelligence,
History,
Microsoft Excel,
Supply chain,
Ecosystem,
Supply,
Operation,
ERP,
Growth,
Education,
Risk management As Supply Chain leaders guide their operations back to "normalcy" following the largest supply chain disruption in history, Creo Advisors took this opportunity to field a survey of Supply Chain and Operations executives (N=130) to gather insights on their current and future supply chain priorities and challenges.
Key Points:
- As Supply Chain leaders guide their operations back to "normalcy" following the largest supply chain disruption in history, Creo Advisors took this opportunity to field a survey of Supply Chain and Operations executives (N=130) to gather insights on their current and future supply chain priorities and challenges.
- When asked about alignment within the supply chain team itself, less than 40% of leaders responded that their teams were very aligned.
- Alignment within the supply chain team is not an easy feat considering the different metrics and incentive structures at play.
- In the area of supply chain planning, about 45% of Supply Chain leaders either do not currently have advanced tools in place, or their planning team is unable to fully leverage their advanced tools.
Retrieved on:
Tuesday, November 28, 2023
Consumer,
Investment,
Risk,
Pressure,
Family,
Assessment,
Consumer behaviour,
Economy,
Forecasting,
Generation,
Optimism,
Retail,
Video game While consumers remain resilient and optimistic about their future financial situations, we believe there will be reduced demand and "trading down" in consumer spending in 2024.
Key Points:
- While consumers remain resilient and optimistic about their future financial situations, we believe there will be reduced demand and "trading down" in consumer spending in 2024.
- We are seeing these headwinds take effect as consumers pull back on units purchased and look for more deals/promotions.
- To help companies prepare for this change, Creo has identified four focus areas and ten initiatives to future-proof consumer related companies.
- Balance focusing on the core with pursuing logical and profitable adjacencies
Assess opportunities by focusing on customer experience, profitability, and operational effectiveness.
Optimism,
Travel,
Consumer,
Rotation,
Research,
Thought,
Winter Holidays,
Restaurant,
Risk,
Growth,
AI,
ROI,
Environment,
New Year's,
Automation,
Tourism,
Retail,
Insurance BOSTON, Aug. 29, 2023 /PRNewswire/ -- Creo Advisors' most recent analysis addresses these questions. The boutique consulting firm's Consumer Survey (n = 2,021) fielded in late July 2023 highlights a key disconnect between consumer optimism and economic headwinds. This optimism is primarily fueled by jobs and asset values. Consumers express rising optimism versus Creo Advisors November 2022 survey across all income levels as they plan to ramp up spending in Q4. Consumers' optimism contradicts traditional economic leading indicators and the situational headwinds consumers will face in the coming months, including the return of student loan payments, depletion of pandemic savings, a softer job market, and potential changes in asset values.
Key Points:
- The boutique consulting firm's Consumer Survey (n = 2,021) fielded in late July 2023 highlights a key disconnect between consumer optimism and economic headwinds.
- Consumers express rising optimism versus Creo Advisors November 2022 survey across all income levels as they plan to ramp up spending in Q4.
- We believe these headwinds will impact consumers in a matter of months, placing up to $800 billion of potential spending in flux over the next 12 months as consumers reduce spending, take on greater debt, or shift spend across categories.
- It appears the consumer will 'spend until they can't' as excess savings are depleted and new costs surface.
