WE ARE IN A GLOBAL ECONOMIC FUNK, BUCKLE UP! When Stalwart Brands Like PepsiCo Trim Revenue Expectations We Should Pay Attention. We are still ducking Covid, two wars, inflation (prices remain high) as do interest rates. Asian markets have slowed down as have their factories. Oil prices are on the rise again. And one report says consumers plan to spend the same amount of money on Halloween (for example) as they did last year. One of the reasons PepsiCo and others are trimming revenue. Consumers are getting less for their money. Which means everything else is expensive and they will not buy more than they can afford. The grip of higher prices and keeping a roof over one’s head and food on the table is a bigger priority than splurging. Retail therapy today is more akin to balancing the home Economics budget and taking care of necessities. #retailing #strategy #ceo #technology #innovation
They abruptly closed A facility here in Chicago last week. About 140 union employees affected.
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2moDuring 2022 and through 2023, I thought 2024 would be the pits and shared that thought widely. I also suggested, much as you had projected, 2025 would be the year that growth and a degree of certainty would return. As we tiptoe into Q4 and, although 2024 has been tough, it has been nowhere near as tough as I expected, especially with a couple of interest rate reductions, maybe another on the horizon. I believe we have borrowed recovery/growth time from 2025 to soften 2024, I believe the worse has yet to happen. Pepsi's forward forecast supports this view. The degree of strike action and workplace unrest will filter into higher prices (e.g. East Port Union increase of 62% is just the start of a toxic combo of Industrial Action and higher transportation costs).