Market Watch

In the Acceleration Economy Cloud Wars Top 10 CEO Outlook 2023 series, Bob Evans interviewed Bill McDermott, CEO of ServiceNow . The company ranks #10 on the Cloud Wars Top 10 . In this CEO Outlook moment, McDermott explains why ServiceNow is the best platform for end-to-end digital transformation in the global economy. Highlights 00:09 — McDermott explains that by ServiceNow “being the platform for end-to-end digital transformation, on one hand, our customers are in a difficult macro right now.” Customers have to “increase their automation, speed, and their productivity per every asset they have in the company because they have to do more with less.” Additionally, ServiceNow customers have to keep an eye on digital transformation and invest in growth. 00:45 — “The platform for end-to-end digital transformation means ‘just say yes,’ because, with ServiceNow, you can have it both ways — cost out and growth in,” McDermott highlights. 01:36 — During the pandemic, many investments were being made in “similar point solutions,” leading customers to realize that there were similarities among the various technologies in which they invested. “The point solutions, in their own right, can do okay but they have to be the best one in […]

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Corporate finance leaders expect to remain focused on digital transformation in 2023 to address recession, inflation, geopolitical turmoil and talent shortages, according to the 2023 CFO Agenda research from The Hackett Group . Other top priorities for the year include providing support for growth strategies, better preparedness for issues they cannot control, improving business partnering and enhancing finance agility, the research found. In addition, the research from The Hackett Group ® found that finance executives will need to do more with less in 2023 and are counting on technology investments to mitigate the gaps. The study also found significant disconnects between top finance transformation priorities, plans for major initiatives, and executives’ confidence in their ability to deliver results. The research found that nearly 75% of companies have a major finance initiative addressing the top priority of digital transformation. But fewer than a third of all organizations have a major finance initiative aligned with any of the other nine top priorities identified in the study. Finance executives also expressed a low degree of confidence in their ability to meet business objectives in several priority areas, including the ability to retain the right skills and talent (60% low confidence), the ability […]

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OFFICIALS of the PLDT group and technology company Cisco Systems, Inc. have called on business organizations to make digital transformation a priority in adapting to the so-called new normal. “With today’s ever-changing business landscape, enterprises are seeing the need to adapt because consumers are changing the way they consume products and services: they want goods and services delivered in a convenient, timely, and secure manner,” ePLDT President and Chief Executive Officer Victor S. Genuino said in a statement. Businesses should realize that to adapt to the new normal, they should transform as well, said Mr. Genuino, who heads the information and communications technology of telecommunications company PLDT Inc. Meanwhile, Simon Rizkallah, head of Cisco’s AppDynamics for Asia-Pacific, Japan and China, said companies must always put the end user in mind. “We also understand that digital transformation really occurs with the service provider,” he said, as he commended PLDT for managing during the pandemic “to live up to the level that customers were looking for and enable people to operate their businesses, for people to work from home, and for kids to continue their education through e-learning.” Mr. Rizkallah added that digital transformation is still evolving from automation to sustainability […]

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WINE BUSINESS MONTHLY Republic National Distributing Company’s digital platform, eRNDC, experienced record growth in 2022 by prioritizing in-app collaboration across the three-tier distribution system Grand Prairie, Texas, – Republic National Distributing Company, a top beverage alcohol distributor in the nation, welcomes the new year with record growth of its collaborative e-commerce platform, eRNDC. In 2022, eRNDC surpassed several key milestones – including record sales performance, market expansion and new leadership and team support. Record Sales Performance eRNDC has reported year-over-year success since its launch in 2019. In 2022, eRNDC generated 350,000 orders in the digital platform and gained over 69% customer growth, attracting customers through in-app collaboration with RNDC sales associates and a customized user experience. “The amazing growth eRNDC has shown in the past four years proves that the beverage alcohol industry is craving an enhanced digital experience,” said RNDC President and Chief Executive Officer Nick Mehall. “In 2023, we’ll further personalize the sales experience and unite the three-tier system across our growing digital ecosystem. It’s an incredibly exciting time for our industry.” Market Expansion Continuing its growth across the Western U.S., eRNDC added digital access in Oregon and Washington, along with a piloted program for California. eRNDC […]

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ALTOONA, Wis. (WEAU) – Students at an Altoona elementary school had an opportunity to get hands-on learning at a STEAM Museum Experience Tuesday. St. Mary’s Elementary turned its Parish Hall into a learning experience focused on not only STEAM topics, but also in creative arts. 12 different stations were set up focusing on curriculum the students are studying, while also introducing them to new technologies. “So STEAM stands for science, technology, engineering, arts and math. So all of the activities are geared towards those different content areas, which gives them a variety of experiences that we normally wouldn’t have in the classroom,” Carisa Smiskey, Principal, said. The STEAM Museum was set up in the school by a company called Mobile Ed Production, Inc., which tours the country bringing hands on experiences directly to the students. Additional information can be found on the Mobile Ed Productions, Inc. website, HERE. Copyright 2023 WEAU. All rights reserved.

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This current point in time may offer a great opportunity for real estate investors, despite (or perhaps partly due to) negative investor and consumer sentiment. Mike Hardy, principal and co-founder at Cyrus Capital Management, joins the show to discuss his macroeconomic view of the residential real estate market, and how his Opportunity Zone fund may be poised to take advantage of a generational opportunity. Watch On YouTube Episode Highlights Mike’s background in the mortgage industry, how he developed a passion for Opportunity Zones, and why he started Cyrus Opportunity Zone Fund. A brief recap of 2022, the current macroeconomic outlook, and why 2023 may be a unique point in time that presents a generational opportunity for real estate investors. What investors often fail to understand about the many differences between 2022-23 and 2007-08. How the mid-sized Cyrus Opportunity Zone Fund is positioned in a “sweet spot” ripe with inefficiencies that an experienced fund manager with local intel may be able exploit, to the advantage of investors. How Mike’s successful mortgage business has provided him a healthy pipeline of Opportunity Zone deals. Cyrus Opportunity Zone Fund’s strategy of build-to-rent, mixed with fix-and-flip residential, and why Mike’s team likes southern California’s […]

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A skyline that sprouts new buildings at a dizzying pace. Neighborhoods dotted with new breweries and renovated mills. Thousands of new apartments springing up beside light rail lines. The signs of Charlotte’s booming prosperity are everywhere. But that prosperity isn’t spread evenly. And from Charlotte’s “corridors of opportunity,” it can seem a long way off, more like a distant promise than the city’s reality. Historic West End Partners’ J’Tanya Adams (second from left) and Erin Gillespie (center), the city’s Strategy and Development Manager for Corridors of Opportunity, were part of a panel following an announcement by the Truist Foundation. Charlotte’s Corridors of Opportunity program is not the traditional approach to economic development — instead of luring a single big business or splashy development, the city is investing $109 million of public and private funds into six parts of the city that have historically been overlooked. When Tracy Dodson returned to the city in 2018 to oversee economic development, she said this week that the city manager teased her about having to shift her focus from the “big, sexy projects” to parts of Charlotte that don’t normally attract attention. The corridors approach differs in another way, which came up following […]

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With demand for key metals used in solar panels, wind turbines, batteries and electric vehicles expected to grow fivefold by 2050, the market value for energy transition metals is expected to present a $10 trillion investment opportunity in the coming decades, according to a Transition Metals Outlook report and Net Zero Scenario by research firm, BloombergNEF (BNEF). “The energy transition has put a spotlight on raw materials. It presents an opportunity and a responsibility as well,” stated Kwasi Ampofo, Head of Metals and Mining at BNEF. “Responsible mining must underpin the extraction of the resources needed to meet this demand. Mining is the bedrock of the energy transition, hence, the industry must lead the way, by first decarbonizing its own footprint,” added Ampofo. Despite the increased demand however, supply will likely remain constrained due to a lack of investment , depleting reserves, as well as increased country risk toward mining as a result of the global slowdown in the wake of COVID-19 and Russia’s invasion of Ukraine, with resource nationalism and higher resource taxes presenting a barrier to global net-zero ambitions. According to BNEF’s Economic Transition Scenario, the demand for metals used for fossil fuel-based power plants will account […]

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A veteran trader in the crypto space thinks one layer-1 blockchain project offers a similar opportunity to what Ethereum ( ETH ) did four or five years ago. In a new interview with Bankless, Chris Burniske, a partner at the venture capital firm Placeholder, argues that Solana ( SOL ) is currently undervalued and has ETH-like potential as an investment. Says the trader, “I think if I had to pick an ecosystem that’s contentious and that you should pay attention to, and in its contentiousness is undervalued, it would be Solana. Placeholder, each bear market, tends to pick an ecosystem or two and build an aircraft carrier strategy around that ecosystem. And so the last bear [market], it was ETH and Bitcoin, because those were really the only things at scale and liquid enough to justify. And what I mean by aircraft carrier – if you take Ethereum, buy a bunch of the core ETH asset, but then venture invest around it and really get to know that ecosystem and who all the people are that are working on say, at that point in time, lending or DEXs [decentralized exchanges] or asset management or whatever. And then you can […]

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Source: Shutterstock Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Performance Food Group Company ( NYSE:PFGC ) as an investment opportunity by projecting its future cash flows and then discounting them to today’s value. Our analysis will employ the Discounted Cash Flow (DCF) model. Believe it or not, it’s not too difficult to follow, as you’ll see from our example! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model . The Calculation We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow […]

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