Pulling The Right Levers In Uncertain Times And More

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

Weekend must read?

Just because times are uncertain, executives can’t put a hold on moving forward. To build resilience, executives must pull the right levers amid uncertain circumstances, especially when it comes to making investment decisions. They’ll need to scrutinize cash flow, renegotiate pricing agreements, and evaluate existing assets. Another vital step is assessing the numerous risks to the company’s financial position resulting from high inflation. Executed effectively, in the long term such strategies can render a global recession just a small bump in the road.

Did you know??

Only 2% to 3% of companies use ESG?criteria as predominant factors in procurement decisions?

Instead, most still depend heavily on historical metrics, such as cost, quality, and service level. As a result, many companies are missing out on an important opportunity to make their operations more sustainable and reduce their environmental, social, and governance risks.?

?

Industry briefing?

Reigniting consumer confidence: While most of the world was finding?its equilibrium in 2022 after two years of COVID-19, China was still in the middle of crisis, with endless lockdowns and growing civil unrest. Consumer goods companies and retailers faced a frightened public that was saving and not spending. Consumer confidence hit an all-time low. What will 2023 mean for?the second largest economy in the world. We?surveyed 4,000 consumers in China in October?to get a reading on how the nation was feeling.?

A cure for Alzheimer’s: For decades the research landscape has been littered with failures in the search for treating Alzheimer’s disease. Imminent regulatory approvals for new therapies with blockbuster potential could represent the first step in major societal changes to the way we think about and treat dementia.??

Corporate scoop

ESG and workers compensation: Marsh and Oliver Wyman Actuarial have uncovered important correlations between how well companies perform on ESG ratings and how low they can keep workers’ compensation. We share how improving ESG ratings does more for organizations than just helping their ESG.?

Retail talent shortage: As we approach the holiday season, retail is still struggling to fill its ranks. To hire, retain, and motivate top talent, retailers need to do more than give pay increases and better benefits. They need to help their employees find meaning in their labor and enhance their employee value proposition. Doing so requires strong collaboration between human resources and marketing and of course listening to your employees.?

Oliver Wyman in the news?

Why US Airline Pilot Wages Are Outpacing Global Increases?

China's Mobility Services Market to Hit $55 Billion by 2030, Report Says - Yicai Global?

Few Chinese Are Keen to Travel Abroad Soon, Even If COVID Curbs Ease?

2023 HR Trends?

AI-Powered Businesses in the Middle East Need a New CEO. Yes, a Chief Ethics Officer?

?

Who to follow?

Samir Javeri, an Oliver Wyman partner and presenter at TechWomen100 awards earlier this week, where the firm?was a sponsor?

Sam Dimond, a global director on our Knowledge Services team?

Terry Stone, a managing partner of the Americas, who recently sat down with decorated track athlete Allyson Felix to discuss courage?and using your voice

We’re hiring??

Through Oliver Wyman for Society, colleagues can participate in traditional volunteering activities, managing charity auctions, or providing pro-bono support on social impact projects through nonprofit fellowships. All roles can participate — apply to one of our 400 open positions to help us make a significant, meaningful impact on society.??

Our events | Our inflation insights | Our culture?