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"We certainly know consumers are more wary or weary of pricing and we're going to continue to be consumer-led in our pricing decisions as we kind of look forward to 2024, and knowing that the environment will continue to be competitive"
Consumer Demand
"The value menu that we've recently tweaked in the U.S. to be $3 and under is actually over-indexing a little bit with consumers" David Gibbs, CEO, Yum! Brands
"Premium discretionary products (are) being significantly impacted by the continued high interest rate environment and consumer confidence and affordability concerns” Jochen Zeitz, CEO, Harley-Davidson
“Views regarding the economic outlook are mixed and uncertain, which is limiting retail demand visibility. Recently, we observed some relatively positive indications that favour cautious optimism, including the expectation for lower interest rates, improving consumer sentiment and unexpectedly strong GDP growth" Frederick Brightbill, CEO, Mastercraft Boat Holdings
"We are seeing, that particularly among the low-income consumer, there's some transaction size reduction that we're seeing. We're also seeing some trade-down there” Christopher Kempczinski, CEO, McDonalds Corporation
Insurance
“Wherever you live in Australia, whether you’re directly exposed to extreme weather impacts or not, premiums are rising because of the escalating costs of natural disasters…inflation driving up building and vehicle repair costs and the increasing cost of capital for insurance” Andrew Hall, CEO, Insurance Council of Australia
Inflation
"We certainly know consumers are more wary or weary of pricing and we're going to continue to be consumer-led in our pricing decisions as we kind of look forward to 2024, and knowing that the environment will continue to be competitive" Ian Borden, CFO, McDonalds Corporation
"Last year, we had a lot of inflationary pressures and claims from our suppliers. Those have eased very substantially" Kumar Galhotra, COO, Ford Motor Company
“We are acutely aware of the cost of living pressures both our customers and the broader community is under” Damien Nicks, CEO, AGL Energy
Property Market
“Occupier demand for quality, well-located assets remains robust, particularly in Sydney, where vacancy remains sub-1%, the tightest in Australia and the supply outlook is constrained” Richard Seddon, Investments CEO, Mirvac Group
"Everyone wants units to be built, but few will be. Thus, rents will keep going up. The price of units will also go up because there is no supply" Harry Triguboff, CEO, Meriton
“The confidence that interest rates are at or very near the peak, should see the healthy market conditions we are enjoying today continue throughout 2024” Owen Wilson, CEO, REA Group
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Retail Industry
“Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits" John King, CEO, Myer
“I think the tax cuts and rate cuts will certainly help consumer confidence. That could be good for our business being in retail. If people believe that interest rates have peaked, I think that should help consumer sentiment because they know where they are in terms of what they can afford to buy spend” Anthony Scali, CEO, Nick Scali
Electric Vehicle Industry
"Now, someone portrayed the change in the EV market as Darwinian. That could be a slow evolutionary change, but we think this has been a seismic change in the last six months of last year. That will rapidly sort out winners and losers in our industry. Now, the catalyst for that seismic change is a combination of EV manufacturers cutting their price by 20% across all major geographies and a tremendous amount of capital flowing and a ton of new capacity into one single segment, two-row crossovers." Jim Farley, CEO, Ford Motor Company
Building Materials
“Our volumes were flat to slightly up on prior comparative period, with an increase in quarry and recycling materials. We achieved good price realisation across all product lines, and this supported growth in net revenue" Vik Bansal, CEO, Boral Limited
Semiconductor Industry
"On the one hand, full-year revenue performance in our more consumer-oriented segments of industrial and IoT and mobile was underwhelming. However, following our tight channel management, these businesses trough already back in Quarter 1 2023 after experiencing a dramatic post-COVID reset. Ever since, we have seen a gradual improvement. And we do think these growth trends should continue throughout 2024" Kurt Sievers, CEO, NXP Semiconductors
Freight & Logistics
“Breaking road freight has historically kept pace with or outpaced population growth. From time-to-time, there may be some short-term variability in freight numbers, but structurally it's a clear trend. Freight movements in Australia are expected to grow by around 65% by 2050, as demand for goods increases and people continue to embrace online shopping” Michelle Jablko, CEO, Transurban Group
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