The U.S. economy may face contraction in Q4 of 2023, which could affect the holiday season for retailers and CPG companies. Despite potential weakened consumer spending, companies can still leverage strategies to maximize opportunities. Understanding consumer activity factors can allow companies to prepare for all possible scenarios.
In this on-demand webinar, Danielle Marceau, the Principal Economist and Director of Analytics at Prevedere, discussed the forecast for consumer spending during the upcoming holiday season. She also explored how executives can plan to drive revenue despite weak consumer spending during the second half of this year.
The on-demand webinar discusses:
- Four factors influencing weakened consumer spending
- The different scenarios businesses could face in Q4
- Trends to promote company awareness and promotional activities to drive consumer activity
- Critical leading indicators to monitor to prepare for the economic environment of the holiday season
View the on-demand webinar to learn more.
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About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.