Category Archives: Business

Retail: Rise Of Unwanted Goods Liquidation (CNBC)

A record number of online returns has created a booming $644 billion liquidation market. As supply chain backlogs cause shortages of new goods and Gen Z shoppers demand more sustainable retail options, pain points for one sector of retail are big business for another. The nation’s only major public liquidator, Liquidity Services, resells unclaimed mail, items left at TSA checkpoints, and outdated military vehicles. It also refurbishes highly sought after electronics, from noise-canceling headphones to the machines that make microchips.

CNBC takes you on an exclusive tour inside a Liquidity Services returns warehouse outside Dallas, Texas, where unwanted goods from Amazon and Target are stacked to the ceiling before being resold on Liquidation.com or a variety of other marketplaces. Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Target, Sony, Home Depot, Wayfair and more, all in the process of being liquidated.

Morning News: Beijing Olympics Advertisers, Commodity Price Rise

A.M. Edition for Feb. 1. Four years ago, Coca-Cola, Visa and Procter & Gamble loudly promoted their sponsorship of the Winter Olympics. 

Now, sponsors of the coming Beijing Games are keeping a lower profile. WSJ’s Stu Woo explains why that is, and why other coming international competitions present a similar challenge. Luke Vargas hosts.

Analysis: British Political Parable, Tech Giants’ Big Plans, Vaccine Mandates

A selection of three essential articles read aloud from the latest issue of The Economist. This week, the parable of Boris Johnson, and what it says about the country he governs. Also, America’s tech giants’ ambitious investments (10:05) and do vaccine mandates actually work? (19:10).

International Economics: Top Stories Of The Week

The World Economic Forum’s top stories of this week include the 5 biggest risks facing humanity, the rise of tech giants, Ireland giving artists a base income and how to fix and upgrade this laptop.

Timeline: 00:00 – Intro 00:14 – Why rising tech giants matter 03:34 – The 5 biggest risks facing humanity 05:13 – Fix & upgrade your own laptop 06:38 – Ireland’s base income for artists

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

India View: 15,000 Ceramics Made Per Day In Gujarat

In 2001, the founder of Mitticool ceramics learned many of his customers in India don’t have regular access to electricity. So he invented a fridge made out of clay. It keeps food 8 degrees cooler than the outside air, but it doesn’t need any electricity to run. And while other ceramics companies in the region shut down, Mitticool is thriving thanks to the success of the powerless, eco-friendly fridge.

Fast Food: How Chicken Took Over America (CNBC)

Chick-fil-A has long dominated the chicken sandwich category in fast food. After Popeyes Louisiana Kitchen launched its own version of the chicken sandwich, other fast food chains like Wendy’s, McDonalds and Shake Shack got into the battle. Here’s how chicken took over America.

Technology: The Rise Of Robotic Working Dogs

A number of four-legged robot dogs made by companies like Boston Dynamics, Anybotics and Ghost Robotics have been deployed in the workforce already for applications like inspections, security and public safety among others. At their core, these four-legged robots are mobility platforms that can be equipped with different payloads depending on the type of information that companies want to gather.

Experts predict the insurance industry alone will spend $1.7 billion on robotics systems in 2025. And other industries may follow suit. Amid the pandemic, a tight job market is forcing many companies to turn to automation. A survey done in December of 2020 by McKinsey, showed that 51 percent of respondents in North America and Europe said they had increased investment in new technologies during 2020, not including remote-work technologies.

Inside Views: The Journey Of A Shipping Container

The global pandemic triggered sky-high spending on manufactured goods. This increased spending created a huge bottleneck in the supply chain that could last for years. WIRED takes a look at the journey of a single shipping container; and with the help of supply chain analyst Lora Cecere, breaks down all the roadblocks a shipping container will encounter in 2021 and beyond.

Analysis: How Cadillac And Lincoln Lost Their American Luxury Status

Lincoln and Cadillac were once two aspirational car brands for American consumers. They slowly lost their dominance and prestige to imports. Now they are trying once again to reinvent themselves by reaching into their histories, playing to their strengths, and pushing forward with cutting edge technology.