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Health Care IT Remains Hot Sector Despite Valuation Concerns: Says KPMG

"Deals are largely being driven by the need for savings, economies of scale, and improving cash flow or accretive earnings per share."

Originally Published by KPMG.

Health care IT remains a hot investment sector despite concerns about these companies being overvalued, according to KPMG-Leavitt Partners 2019 Investment Outlook, a survey of health care investment professionals.

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Consumers Are More Anxious About Data, but Trust Is Central to Building Customer Loyalty: KPMG Study

Three-fourths of consumers willing to share data in return for a benefit; millennials more anxious than baby boomers.

Originally Published by KPMG.

A new KPMG study shows that while consumers are enthusiastically embracing new technology, they are more anxious than ever and more aware of the risks and benefits of handing over their data to businesses, including social media platforms.

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Autonomous Delivery Vehicle Miles Traveled to Skyrocket to 78 Billion per Year by 2040: KPMG

Islands of autonomous delivery to emerge; revolutionize movement of goods.

Originally Published by KPMG.

KPMG predicts the development of autonomous delivery vehicles will drastically revolutionize the current consumer e-commerce environment, drive consumer demand for more and faster goods deliveries and lead to an entirely new product delivery ecosystem for shoppers and buyers of goods and services.

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KPMG: Nearly Half of Power and Utility CEOs Concerned Cyber-Attacks Are Imminent

Nearly two-thirds of all CEOs in the survey said that protecting customer data is critical to enabling growth in their future customer base.

Originally Published by KPMG.

Amid an environment where cyber security is under intense scrutiny, power and utilities executives are feeling the pressure. Forty-eight percent of CEOs showed concern that becoming the victim of a cyber-attack is a matter of "when" and not "if" and not all CEOs are well-prepared to manage such an event, according to KPMG's 2018 Global Power & Utilities CEO Outlook.

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KPMG Appoints Linda L. Addison as Independent Director to Serve on Its U.S. Board

"This is an important change to our governance model, and demonstrates our ongoing commitment to quality, innovative thinking and a values-driven culture."

Originally Published by KPMG.

KPMG LLP, the U.S. audit, tax and advisory firm, is pleased to announce the appointment of Linda L. Addison as an independent director to its U.S. Board of Directors. Addison is the second distinguished independent director the Firm has announced, joining General (ret.) Janet C. Wolfenbarger, who was appointed in October.

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KPMG Enters Global Alliance with Amazon Web Services to Accelerate Cloud Transformation

Helping regulated industries such as financial services, healthcare/life sciences and the public sector with managing an accelerated path to cloud migration and transformation.

Originally Published by KPMG.

KPMG International today announced a global alliance with Amazon Web Services (AWS) to provide businesses with services and solutions to help them accelerate transformation in the cloud.

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Proliferation of Online Grocery Shopping Calls for New Growth Strategies, Business Models and M&A: KPMG Survey

"This knowledge will help grocery retailers and CPGs to successfully find new options to meet their customers' needs."

Originally Published by KPMG.

Almost half (48%) of consumers in the U.S. now do some or all of their grocery shopping online, while 59 percent are planning to do so in the future, according to KPMG's 2018 Grocery Retail Consumer Perception Survey.

"As the online grocery business is exponentially taking off, grocery retailers and consumer packaged goods companies (CPGs) alike need to adapt to factors that are important to online shoppers such as convenience and choice," said Mark Larson, national leader of KPMG's Consumer & Retail practice. "Already operating in low margin environments, winning retailers and CPGs should consider innovative approaches in strategic revenue management, as well as digital and M&A strategies to remain competitive in the online market shift."

The survey of more than 2,000 grocery shoppers also indicated that product assortment (26%) and product quality (25%) are of primary importance to heavy online shoppers, outpacing price (18%) as a critical factor. However, price still remains relevant to online grocery shoppers as price transparency makes less price-sensitive customers more price savvy.

"There is increasing pressure to better understand the evolving buying habits and expectations of the growing number of online grocery shoppers, but also those customers that remain in store," said Katherine Black, U.S. Consumer and Retail Strategy co-lead, KPMG LLP. "This knowledge will help grocery retailers and CPGs to successfully find new options to meet their customers' needs."

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Click here for details of the survey findings, and three tactics CPG executives can take amid retail grocery disruption.

According to the survey, CPGs are also expected to face pressures on trade terms from grocery retailers. As customers are turning to online, retailers would need to invest in creating better customer experiences while offering competitive prices – passing such costs on to CPGs.

Investing in Multiple Digital Strategies
The survey identified four key shopper segments as grocery retailers and CPGs build their digital strategies:

  1. 'Online pioneers': under 35 years old, 80 percent spend more than $250/month on groceries online, 60 percent have a club membership.
  2. 'Next-in-line adopters': do less than 20 percent of their shopping online but have plans to increase, product assortment is their most important shopping criteria.
  3. 'Online dabblers': do a limited amount of shopping online, and
  4. 'In-store crowd': do almost all their shopping in brick and mortar stores and plan to continue, 80 percent over the age of 35, 40 percent spend less than $250/month on groceries.

"Online grocery retailers and CPGs need to leverage technologies to simplify and diversify their supply chain and build their digital brands," added Black. "Implementing multiple digital strategies to accommodate the key shopper segments, from online pioneers to the in-store crowd, can improve customer profitability and drive margin growth."

Driving Growth Through M&A
The entry into new growth strategies, new product lines and new technologies is expected to continue to fuel M&A activity.

"Targeted M&A can strengthen existing infrastructure, drive consumer awareness and rapidly accelerate digital capabilities for grocery retailers and CPGs thus better positioning them to compete with leading and emerging retail private labels and digital natives," said Mark H. Belford, managing director & co-head, Consumer & Retail Investment Banking, KPMG LLP. "Therefore the recent surge in highly focused, need-based M&A activity is expected to continue in order to win in the online grocery game."

KPMG and HITEC Announce New Program Designed to Increase Diversity on Corporate Boards

The Emerging Director Board program is an immersive educational experience for C-suite level participants preparing for board service."

Originally Published by KPMG.

KPMG LLP, the U.S. audit, tax and advisory firm, announced the Emerging Director Board program in collaboration with the Hispanic Information Technology Executive Council (HITEC). This program can help HITEC's C-suite level members deepen their boardroom knowledge and enhance their positioning as candidates for a corporate board.

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KPMG Appoints General (Ret) Janet C. Wolfenbarger as Independent Director to Serve on Its U.S. Board

With an extremely impressive background, Janet brings unique insights on management, leadership and the uses of technology and innovative solutions that will diversify KPMG's current Board conversations and perspectives.

Originally Published KPMG.

KPMG LLP, the U.S. audit, tax and advisory firm, is pleased to announce the first appointment of an independent director to its U.S. Board of Directors, General (ret) Janet C. Wolfenbarger. Additional independent directors will be named in the coming months.

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KPMG Study: Tax Leaders Say They Will Embrace Innovation to Cope with Reform and Transform Their Businesses

New Chief Tax Officer Outlook Highlights Global Tax Reform and Technologies As Key Challenges for Next 12 Months.

Originally Published by KPMG.

As economic, regulatory and technologic changes—along with a drive for innovation—push tax departments to continue to evolve, Chief Tax Officers (CTOs) say that harnessing the benefits of new technologies and addressing the ever-increasing reporting and compliance requirements for U.S. and global tax reform are among the major challenges they face in the next 12 months, according to a new annual study from KPMG LLP in conjunction with Forbes Insights.

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InnerWorkings and KPMG Announce Strategic Alliance for Marketing Execution

KPMG will evaluate current marketing spend and operating models against industry-leading practices, build a roadmap to meet short-term business objectives and assist clients in achieving their long-term transformation goals.

Originally Published by KPMG.

InnerWorkings, Inc. a global leader in marketing execution, and KPMG LLP, the U.S. audit, tax and advisory firm, announced an alliance to help clients create the most impact from their marketing spend through technology and services designed to increase efficiencies, improve consistency and drive savings.

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KPMG Names Michele Meyer-Shipp Chief Diversity Officer

Meyer-Shipp, who joins as a principal, will lead the national Inclusion and Diversity (I&D) team and oversee its strategy and objectives, including growing diverse leaders and collaboration; inspiring broad perspectives and innovative client solutions; and fostering an inclusive, accessible, and vibrant workplace.

KPMG LLP has appointed Michele Meyer-Shipp, an accomplished executive and attorney with significant experience in inclusion strategy and employment law, as Chief Diversity Officer. She succeeds Sue Townsen, who returns full-time to the firm's Advisory practice.

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