Blog – Analysis and Commentary for United States – July 2023 Summary: It prompted economists at Goldman Sachs to raise their third-quarter gross domestic product tracking estimate by a whopping seven-tenths of a percentage point to a 2.2% annualized rate. The economy grew at a 2.4% pace in the April-June quarter. Demand is being underpinned by strong wage gains from a tight labor market. Though consumer spending continues to show signs of persistent strength, economists did not expect the Fed to raise rates next month, with inflation retreating. The government last week reported that consumer prices rose moderately in July, with underlying inflation or the so-called core inflation slowing further. "As long as core inflation continues to fall rapidly, resilient growth won't in itself be enough to prompt further rate hikes from the Fed," said Andrew Hunter, deputy chief U.S. economist at Capital Economics. Source: https://money.usnews.com/investing/news/articles/2023-08-15/us-retail-sales-increase-more-than-expected-in-july Additional links and sources: eCommerce - https://uk.news.yahoo.com/us-retail-sales-bounce-online-125326956.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANaM7Uc267H_zh20bqv2nuX6jZk7aOufGQLeW1bJYcT3So--u_rywCx2b-5cWrhmZ1dwSpYOLpu_zsBkJL8ITAVKAGtDo3sT8XrXbRN-ECP8_5UncG2BSOC6E7DiifXC3rsHIu1Ua_xaB7P1pg6JLF0eRnlqf3Lw66Obd1EXuLDe AI and Generative AI - https://apparelresources.com/technology-news/retail-tech/retailers-gearing-invest-ai-ml-cv-technologies-upcoming-year-honeywell-reports/ or https://www.thefashionlaw.com/how-retail-companies-are-using-discussing-ai/ Supply chain - https://www.inddist.com/supply-chain/blog/22870307/combat-supply-chain-disruptions-with-supplier-diversification Key Environmental Areas – https://www.linkedin.com/posts/paul-young-055632b_7-environmental-factors-for-esg-reporting-activity-7071476082784276480-EYDt?utm_source=share&utm_medium=member_desktop Scenario Planning - https://www.linkedin.com/posts/paul-young-055632b_6-ways-scenario-planning-is-essential-for-activity-7086384141918752768-P7cE?utm_source=share&utm_medium=member_desktop ESG - https://www.linkedin.com/posts/paul-young-055632b_esgreporting-esgreporting-issbstandards-activity-7079823962368606208-NVac?utm_source=share&utm_medium=member_desktop GAP - https://www.slideshare.net/paulyoungcga/how-gap-analysis-can-better-support-business-decisions Reporting - https://www.slideshare.net/paulyoungcga/close-consolidate-and-reporting-cyclepptx-256864692 Data - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-and-public-sectorspptx-257454162 Circular - https://www.linkedin.com/posts/lindsayhampson_tipwednesday-netzero-sustainability-activity-7006238715744333824-KU-s?utm_source=share&utm_medium=member_desktop Biodiversity - https://www.linkedin.com/posts/paul-young-055632b_what-is-biodiversity-and-how-does-it-affect-activity-703811509306