This Is How Gen Z Is Changing Retail And More

Now You KnOW features quick, insightful takes on the issues of the day that matter most to you.?

Weekend must read?

Generation Z accounts for 25% of the global population and is expected to be the world’s highest-spending cohort in the next decade. Having grown up online, they are accustomed to an “infinite shelf” of choices and a nonstop stream of suggestions. They disproportionately seek brands that are affordable, convenient, and personalized. Many are willing to provide personal data to business in exchange for algorithmic recommendations and personalization. But they’re also far less brand-loyal than other generations. To win their wallets, businesses need to earn their trust , Oliver Wyman Forum reveals how to do just that.????

Did you know??

92% of emissions from the retail and consumer goods sector are Scope 3??

Scope 3 emissions come from a company's supply chain and the transportation or use of their products. Although they are difficult to track, starting in 2024, new rules from the US Securities and Exchange Commission (SEC) will mandate companies disclose them. As companies begin to collect and disclose this data, they should also use it to restructure their supply chains and build data-proven sustainability practices .?

Industry briefing??

New healthcare?realities: Economics say we can’t afford the healthcare system we have today. Demographics say we can’t staff it. And consumer preferences say it might not be relevant anyway. We outline how to apply lessons from the past few years to create an industry that is more agile and responsive to uncertain economic conditions, evolving consumer expectations, and the inevitable new operational and operating model norms.?

Joining forces for net zero: Global emissions continued to rise last year, despite most of the world’s major economies making commitments to reach net zero greenhouse gas emissions. While Russia’s invasion of Ukraine and record heat and droughts are partly to blame, the need for finance and energy sectors to work together , to foster a just and secure transition to net zero, has never been more urgent.???

Corporate scoop?

New recruiting opportunities for banks: Top names in the US fintech space and beyond have reduced headcount by double-digit percentages over the past year. This new talent pool presents an opportunity for enterprising banks . While only a small number of banks are currently dealing with vacancies in tech executive positions, smart leaders are constantly recruiting for team-scaling roles such as data scientists and project managers.???

The power of cloud tech: Cloud technology is a business game changer that has rewarded early adopters with an ability to scale rapidly, without having to build an entire infrastructure. In India, it will account for 8% of gross domestic product (GDP) by 2026, with the potential to add $310-380 billion to the country’s GDP within the same period. Discover more about how the cloud can empower business. ??

Oliver Wyman in the news?

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Who to follow?

Dr. Matthias Witzemann , partner and office head of Vienna?

Lauren Wylie , head of internal sustainability, speaking at GreenBiz next week??

Andrea Steverding , marketing director?

We’re hiring??

At Oliver Wyman, build relationships with clients and colleagues that last, grounded in transparency, authenticity, and trust. We love what we do and have fun while we do it. And we combine this passion with rigor and skill to drive sustainable performance. Join us in one of 300 open roles.??

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