Economy

NielsenIQ previews findings from the Brand Balancing Act, a study providing a perspective on how consumers perceive small and medium-sized brands in the new inflationary marketplace.

AlixPartners announced the findings of its 17th Annual Turnaround and Transformation Study, which reveal that over 600 of the finance professionals most experienced in responding to the downside of economic volatility see a period of widespread business distress looming.

JCDecaux New Zealand released its IRIS audience study, revealing consumers are scrutinising FMCG spend as the cost of living rises and household budgets are put under pressure. The study also reveals that the emotion or promise of brands can overcome price sensitivity. Consumers seek validation to define which brands remain as necessities on shopping lists. Brands without meaningful quality cues may be swapped out for cheaper alternatives.

The United States has plummeted to 6th place in the Top 10 countries globally in terms of net inflows and outflows of millionaires projected for 2022, according to the forecast high-net-worth-individual (HNWI) figures published by Henley & Partners in the Henley Global Citizens Report, which tracks private wealth and investment migration trends across the globe.  

China is forecast to suffer a net loss of 10,000 US dollar millionaires in 2022, and Hong Kong is predicted to lose 3,000 more high-net-worth individuals (HNWIs), according to the Henley Global Citizens Report, which tracks private wealth and investment migration trends globally. As expected, Russia has experienced the biggest exodus of millionaires over the past six months, with forecast net outflows of 15,000 by the end of 2022 — a massive 15% of its high-net-worth individuals (HNWIs) population and 9,500 more than in 2019, pre-pandemic.

Indonesia is forecast to suffer a net loss of around 600 US dollar millionaires in 2022, putting it in the Top 10 countries globally that are predicted to lose more high-net-worth individuals (HNWIs) than they attract this year, according to the latest Henley Global Citizens Report, a study which tracks private wealth and investment migration trends across the globe.

The fifth China International Import Expo will take place from November 5-10 this year. Buoyed by its opening-up policy, continuous optimization of the business environment and strong economic resilience, China will remain a hot investment destination in the years to come, said global experts at the World Economic Forum (WEF) 2022 in Davos, Switzerland.

Philip Morris International Inc. is calling for European policymakers to consider the millions of adult smokers who are turning to the illicit market instead of switching to better alternatives. The 2021 KPMG annual study on illicit cigarette consumption, commissioned by PMI, reveals that illicit cigarette consumption increased by an estimated 3.9%—or 1.3 billion cigarettes—last year, reaching 35.5 billion cigarettes consumed across EU member states. Meanwhile, the study estimates that total EU cigarette consumption declined over the same period.

Procore Technologies, Inc., a global provider of construction management software, released the third edition of its construction industry benchmark report How We Build Now. Despite significant headwinds, 85% of Aussie respondents remain confident about the 12 months ahead, up from just 43% in April 2020. While optimistic, Australia lags behind the APAC average of 91% and is at the back of the pack when it comes to tech adoption.

As Jamaica pursues its Vision 2030 development plan which will transform the island’s economy, the country’s gov't continues to seek innovative investments that can accelerate economic growth. These investment projects will not only provide economic rewards, but will also be sustainable, create new avenues for development in communities, towns, and cities, and will lead to significant improvement in Jamaica’s overall business environment.