pivot

In the grand narrative of China’s economic pivot toward consumption, the spotlight has long hovered over megacities such as Beijing and Shanghai.

In the grand narrative of China’s economic pivot toward consumption, the spotlight has long hovered over megacities such as Beijing and Shanghai.

Between sessions, conversation inevitably turns to how things got this way: the fracturing of the consumer landscape, the rise of the subscription model, the corporate pivot from “service” to “self-service.”

Consumption has been increasingly important to the U.S. economy since the end of World War II, when wartime factories pivoted to producing consumer goods and manufacturers needed to build markets for their products.

Rather, it reflects investors’ disappointment at losing McMillon, who, in the span of a decade, orchestrated Walmart’s pivot from an industry laggard to a leader in both physical retail and e-commerce.