US GDP grew at an annualized 3% rate in the second quarter after a 0.5% decline in the first quarter, according to preliminary data from the Commerce Department. The growth, which exceeded expectations, was driven by a rebound in the trade balance and stronger consumer spending and indicates broad economic resilience amid ongoing tariff negotiations.

Wholesale inventories increased 0.2% to an estimated $907.7 billion in June after falling 0.3% in May. Wholesale inventories were up 1.5% from a year earlier, while retail inventories increased 2.5% from a year earlier and 0.3% from the previous month. Meanwhile, the US goods trade deficit narrowed by 10.8% to $86 billion in June, the lowest level since September 2023 amid a sharp decline in imports.

Resideo Technologies plans to split into two public companies by spinning off ADI Global Distribution as a stand-alone entity by the second half of 2026 in a move designed to sharpen each business's strategic focus and operational simplicity. Jay Geldmacher will retire as CEO after the split, with Tom Surran leading Resideo and Rob Aarnes continuing as president of ADI. Resideo will also pay Honeywell $1.59 billion to settle obligations from a 2018 spinoff.

AI is transforming supply chain management by enabling real-time risk identification, predictive analytics and scenario simulations. Companies are deploying AI for intelligent demand forecasting, dynamic route optimization, digital twins and automated procurement insights, which allow businesses to adapt quickly to trade disruptions, component shortages and regulatory changes.

Walmart's logistics strategy relies heavily on technologies such as AI and automation to streamline operations. The Automated Defect Detection System and AI Pallet Builder optimize product quality and shipping efficiency at distribution centers. The Dispatcher System and Load Planner enhance transportation by optimizing routes and ensuring trailers are efficiently packed.

Marketers should view AI as a force for growth and innovation, rather than simply a cost-cutting tool, writes Mark Wagman, managing director at MediaLink and partner at UTA. "AI is not a cost-cutting tool. It's a force multiplier. Done right, it gives you the license -- and the ability -- to take bigger swings," Wagman writes.

Giving back through community partnerships, philanthropy or sustainability efforts can help companies build stronger relationships with customers, employees and communities, which can support long-term business success, writes Gregory Jones, a senior partner and co-founder of Edgewater Private Equity Funds. "Giving back shows that the company is involved in the world beyond simply trying to sell a product or service to clients. That makes it easier for clients to trust and relate to positive movements and emotions," Jones notes.

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