GDP is reported at a seasonally adjusted annual rate (SAAR). A 33% Q2 decline is ~8% decline from Q1 (SA). From Merrill Lynch: We revise up 2Q GDP to -35% qoq saar from -40% and 3Q to 20% from 7%, given the faster and more successful reopening. [June 18 estimate] From Goldman Sachs: We have adjusted […]

From the Association of American Railroads (AAR) Rail Traffic Data. Graphs and excerpts reprinted with permission. Huge swaths of the U.S. and global economies remained shut in May and the impact on rail traffic was predictable. Total U.S. carloads fell 27.7% in May 2020 vs. May 2019, the biggest year-over-year decline for any month on record (eg,

HBR Spotlight Series / The Trouble with CMOs THE TOP MARKETING JOB IN THE COMPANY IS A MINEFIELD WHERE MANY TALENTED EXECUTIVES FAIL. IN THIS ARTICLE WE EXAMINE WHAT MAKES THE POSITION SO RISKY—AND HOW FIRMS CAN SET CMOS UP FOR SUCCESS. Why CMOs Never Last In 2012 a leading retailer began looking for a

May 21, 2020 | Marketing & Sales, Consumer Products | BCG Insights As the COVID-19 pandemic continues to upend people’s lives, consumers’ needs have fundamentally changed from what they were just a couple of months ago. With top lines suddenly in jeopardy, many consumer-facing companies confront the daunting challenge of anticipating the future course of

June 1, 2020 | BCG | RELATED EXPERTISE: OPERATIONS, PEOPLE & ORGANIZATION As companies emerge from lockdown, they are striving to ensure the safety of their people and the continuity of their operations. And they want to do both cost-effectively and with an eye toward transformation and renewal. For most companies, returning to yesterday’s version of

Many consumer-goods companies and retailers have risen to the challenges presented by the pandemic. Seven core practices can help them keep what has worked and prepare for what lies ahead. The COVID-19 pandemic is posing staggering health and humanitarian challenges. As the crisis evolves, companies must act on multiple fronts to protect their employees, customers, supply chains,