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6 things to know this week

6 things to know this week
Written by publishing team

1. The largest retail event NRF 2022 opens this weekend in New York City

On the heels of CES 2022, the world’s largest consumer technology fair returned to its physical stage this year after a hiatus caused by the pandemic in 2021, the retail industry’s largest annual trade fair, NRF 2022, launches this weekend (January 16-18) in physical form. Although an increasing number of speakers, exhibitors and attendees have pulled out due to a spike in Covid cases across the United States, organizers, the National Retail Federation, have decided to go ahead with the annual event in New York City. However, it will be a little different from years past, with the NRF recently postponing two of its major events, including the award ceremony, and ramping up safety measures including proof of vaccination for entry. NRF . head Matt tea He said in a LinkedIn post that this year’s event was expected to attract 20,000 participants and 750 exhibitors, 50% less than the attendees who attended the show in 2019.

2. Financial companies face a huge talent shortage

Banks and other financial institutions are struggling to hire people, and Chief Executive Officer, Royal Bank of Canada, Dave McKay . said Finance Post. The shortage is particularly acute in the United States and Canada, where the majority (85%) of RBC’s revenue comes from, according to Mackey, who attributes the talent scarcity to a combination of early retirement, restrictive immigration policies and most importantly a skills shortage. Employees – those who have skills in mathematics and programming.

3. Wells Fargo and Tesla are losing important leaders

Two big companies found out that they are losing key executives this week. Wells Fargochief risk officer Amanda Norton She announced her decision to step down, due to retirement, after four years in the company. It played a leading role in overhauling the risk management framework, as the company faced record fines and restrictions due to selling practices scandals. Norton cited the pandemic as speeding her decision to leave, saying she will retire to spend more time with family and in personal activities. “Living in the shadow of a pandemic teaches you things, I realized it was time to do some of the things I wanted and needed to do outside of my career,” she wrote in a note, according to Reuters. at the same time, Tesla You’re set to lose the head of human resources and the top black CEO, like Valerie Caprice worker announces that it Leave the auto maker After five years and will take over as chief legal officer to start career recruitment shake hand.

4. InBev exec Dafne Hefner appointed Chief Strategy Officer at Kraft Heinz

former InBev executive Daphne Hefner (above) Chosen by Kraft Heinz as the North American Chief Strategist and Transformation Officer, to help accelerate the company’s strategic growth plan in the United States and Canada. With a tremendous amount of experience in leadership, strategic planning and digital capabilities under her belt, Hefner previously spent eight years with beverage giant InBev, where she held various leadership positions in visions, marketing and digital, and most recently as Senior Vice President of Strategy & Insights. In this position, she led the process of creating the company’s long-term goals, creating a focused portfolio strategy, addressing brand renewal and delivering a robust innovation agenda, not to mention designing the company’s first in-house research and Agile agency. Prior to joining InBev, she spent eight years as a consultant in consumer services and products, and also co-founded a data analytics technology startup.

5. Deloitte expects to reset retail in 2022 with new report

Consulting firm Deloitte has revealed its outlook for retail in 2022 and beyond with the release of its 2022 Retail Industry Outlook report this week. Big Hash Reset The findings are shared after a survey of 50 CEOs at major retailers, outlining both the challenges and opportunities for retail in 2022. Among the challenges is employment, with 70% of leaders saying labor shortages will hamper retail growth this year. But despite this, the report is bullish on retail, forecasting 3.5% GDP growth in 2020 with good opportunities for retailers “who can do it right, who can discover talent, supply chain, and digital”, as he says Kate FerraraDeloitte, an American retail, wholesale, and distribution company.

6. Citi announces sale of its Southeast Asian retail business for $3.6 billion

American banking giant City Group It announced that it has reached an agreement to sell its consumer banking business in Southeast Asia for $3.6 billion. The United Overseas Bank of Singapore (UOB) has snatched the US banking giant’s consumer banking concessions in Indonesia, Malaysia, Thailand and Vietnam. This follows the CEO of Citigroup Jane FraserAnnouncing plans last year to exit consumer franchises in 13 markets across the Asia Pacific region and Europe, Citi’s announcement this week comes with further plans to exit its consumer banking business in Mexico.

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