EY-Parthenon
Coverage of EY-Parthenon in the Nexus archive.
- Retailers face a big challenge this fall: figure out what 'value' means for shoppers
Retailers face a challenge redefining 'value' for US shoppers, whose priorities now include quality, convenience, and trust alongside low prices. Shoppers are becoming more selective amid economic pressures, evidenced by a 0.6% drop in US retail sales in July. Major chains like Walmart and Target are adjusting their strategies: Walmart emphasizes combining low prices with convenient delivery, while Target focuses on fresh merchandise.
- EY is creating a 'value realization' office to make sure its AI spending pays off
EY has established an "AI Value Realization Office" to govern its AI strategy and centralize spending, aiming to ensure the technology delivers measurable business impact. This new office will monitor usage across various departments like IT, finance, sales, HR, and operations, recognizing that potential value often spans multiple functions rather than remaining departmental silos. The firm states this centralized approach is critical for maximizing return on investment from AI initiatives.
- Trump has tried to decouple from China, but ending U.S. reliance on the country would cost America nearly $14 trillion, EY warns
EY-Parthenon analysis warns that U.S. efforts to decouple from China would require $13.7 trillion in investments over 25 years, with Trump’s policies like Section 122 and 301 tariffs aiming to reduce reliance. The U.S. remains heavily dependent on Chinese exports for products like smartphones and toys, despite increased domestic manufacturing initiatives.