“In terms of consumer behaviour, I'd say the shift that we're starting to see is consumers are really maximizing their pantries. They're closely managing their household inventories, their pantry inventories, zealously guarding against waste, as you would expect in this environment”
Lending
“Consumer lending demand remained strong as credit-impaired consumers re-leveraged post COVID. Delinquency increased part way through the year” Thomas Beregi, CEO, Credit Corp Ltd
Consumer Spending
“Our order book remains stunningly high across all geographies and the full product range thanks to a robust order intake” Benedetto Vigna, CEO, Ferrari N.V.
“Demand in APAC was considerably softer than foreseen” Rudolf van den Brink, CEO, Heineken N.V.
Retail
“We expect these headwinds to persist until we enter peak trade and [will] then see customer optimism return with the new season and the run in to Christmas with new collections and even more services and experiences around the country” Scott Fyfe, CEO, David Jones
“We've seen this trend in recent quarters where the markets are returning to the level of promotions and discounting and sales that we saw in the past” Clifton Pemble, CEO, Garmin Ltd
Households
“The number of detached dwelling commencements continues to decline in all states; However the increasing use of double-glazing in residential buildings is likely to partially offset the declines in overall residential construction activity” Simon Mander, CEO, Metro Performance Glass Ltd
“In terms of consumer behaviour, I'd say the shift that we're starting to see is consumers are really maximizing their pantries. They're closely managing their household inventories, their pantry inventories, zealously guarding against waste, as you would expect in this environment” Steven Cahillane, CEO, Kellogg Co.
Commodities
“We have made a choice that we will now hold additional inventory…because today, with the price where it is, we feel that it’s prudent we hold that inventory for what we believe will be an inevitable uptick in the market as economic conditions, particularly inside China, improve” Amanda Lacaze, CEO, Lynas Rare Earths
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Technology
“We're still in the beginning of virtual reality” Cristiano Amon, CEO, Qualcomm Inc
Agriculture & Weather
“[Ukraine] conflict is only 1 part of the supply problem. Around the world, weather [dry] extremes are having a profound effect on crop production… This situation is exacerbated by underapplication of nutrients, especially potash, which is crucial for drought resistance and crop resilience” James O'Rourke, CEO, The Mosaic Co. [largest US producer of fertiliser]
“The world can't afford multiple years of under fertilisation and crop production shortfalls” James O'Rourke, CEO, The Mosaic Co. [largest US producer of fertiliser]
Delivery
“I think that as the world only tends to want to go faster. Customer expectations tend to only go in 1 direction when it comes to something like delivery, whether that's with food or other types of items beyond food, that is only going to happen at a greater and greater rate” Tony Xu, CEO, DoorDash Inc
Hotels
“Feel very good, really no discernible impact in terms of any recessionary concerns, any concerns about the consumer as we look out” Thomas Reeg, CEO, Caesars Entertainment Inc
Deflation
“So commodities, in general, continue to come down...We are seeing costs continue to move favourably which has been allowing us to expand the gross margin” Andre Maciel, CFO, The Kraft Heinz Co.
“If deflation becomes a bigger number as we go into 2024, we will continue to look at that and evaluate that” Donald Allan, CEO, Stanley Black & Decker Inc
Semiconductors
“[We] don't have supply constraints anymore” Cristiano Amon, CEO, Qualcomm Inc
Workplace
“We are the leader in the A-class landlord leasing business, and there's a whole trend up the flight to quality for office users to go to the best buildings. And so, we're capturing a lot of that market in Australia” Christopher McLernon, CEO-Real Estate Services Global, Colliers International Group
Financial Markets & Cryptocurrency
“The global financial system needs an upgrade. Its infrastructure was established over a century ago and simply was not designed to support today’s digital economy. This dated system is leading to inefficiencies and limitations that burden individuals and businesses globally, costing time, money, and reducing access to services that have the potential to usher in an age of true economic freedom” Market Statement, Coinbase Inc
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