My colleague Gerald Tan spoke to Lianhe Zaobao on the rise of the solo economy and its impact on consumption patterns in Southeast Asia. According to our recent consumers report with Meta and DSG Consumer Partners, single households make up 12% of Southeast Asian households and shifts in household sizes are expected to be most pronounced in Philippines, Singapore and Thailand, which are expected to see a 20% increase in single households by 2030.
Joëlle de Montgolfier’s Post
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"How luxury priced itself out of the market", by the FT. "Bernstein analysts estimate that, between 2020 and 2023, global like-for-like prices on a selection of “evergreen” products rose 66 per cent at LVMH-owned Dior, with Chanel hot on its tail. At the other end of the spectrum, industry leader Hermès restrained itself to a 20 per cent increase." https://lnkd.in/eDH8G58N
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ft.com
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Ready to dive deeper into Bain's 2024 #Tech Report? Join David Crawford and Roy Singh on November 1 for a live webinar where they’ll share key takeaways from this year’s report. AI’s sweeping impact is felt across industries, but it takes more than deployment alone to realize value from the technology. Secure your spot by registering today. https://bit.ly/4dJZmzJ
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Insurgent companies have been reaching scale faster than ever, but now fewer are figuring out how to take off. Despite a surge in start-up funding, only Uber and Meta have crossed the $10 billion revenue mark in the US over the past two decades. What’s holding back today’s unicorns from becoming household names? Learn why the path for emerging insurgents is now tougher. https://bit.ly/3A6Wr66
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Generative AI is transforming business operations, from simplifying complex workflows to revolutionizing content creation. By automating customer interactions and extracting insights from vast datasets, companies can do more with fewer resources. Discover how AI is reshaping our daily interactions. https://bit.ly/3zVY1b2
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I am proud of our latest report on "Technology in Luxury", released in partnership with Comité Colbert - the French luxury industry association -, which I co-authored with Mathilde Haemmerlé, Charlotte Bouttier, Bénédicte Epinay and Laurent Dhennequin. Drawing on a survey of luxury maisons, combined with multiple in-depth interviews of luxury executives, our report offers a rigorous overview of Artificial Intelligence adoption and ongoing testing across 20 uses cases. While AI adoption by maisons has so far been targeted and quite limited (with fewer than two use cases adopted, on average), each maison is testing or planning more than five additional AI-powered use cases across the value chain, on average. Read our full report here. https://bit.ly/4h4CUnx
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Bain & Company research shows that sustainability remains important to executives and consumers. While many companies are adjusting their climate commitments, forward-thinking CEOs are leveraging the right mix of tech and policy to create long-term value. Learn more in our 2024 CEO Sustainability Guide. https://bit.ly/4ey6Pmn
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Retail Dive: Bain expects sales from Black Friday-Cyber Monday weekend to hit a record high of $75B this year.
Black Friday to Cyber Monday US retail sales to hit 'record' $75B
retaildive.com
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Bloomberg: Bain’s Retail Holiday Outlook shows online spending will account for the majority of retail growth this holiday season. https://bit.ly/480p15J
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Claudia D'Arpizio is quoted in a Financial Times story on how Kim Kardashian’s Skims has revolutionized fashion by prioritizing inclusivity and innovative designs. The story: https://lnkd.in/eQrzUpi6 https://bit.ly/3BzzCsg
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Retailers are gearing up for another blockbuster Black Friday to Cyber Monday. Bain forecasts US retail sales will surge to a record $75 billion, marking a 5% year-over-year increase—well ahead of our 3% holiday season projection. Explore our insights to sharpen your strategies for this crucial shopping weekend. https://bit.ly/4ewQFKc
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