CNBC (September 17, 2024): For decades, Amazon has set the standard for fast package delivery. When Prime launched in 2005, two-day shipping was virtually unheard of. By March 2024, 60% of Prime items were delivered same or next day. Now Amazon wants to push that number even higher, using generative AI, despite concerns about energy and cost.
Chapters: 2:14 Two-day to same-day 5:51 Robot revolution 9:18 Predicting orders 12:11 Routes and personalization
CNBC got an exclusive look at Amazon’s use of generative AI to optimize delivery routes, make more intelligent warehouse robots, and better predict where to stock new items.
CNBC (July 15, 2024): Fully autonomous fast-food chains to smart carts lining grocery store parking lots, the way the food industry looks is changing due to massive investment in AI technology.
Chapters: 0:00 Introduction 2:34 CH 1. Digitizing food retail 5:35 CH 2. The risk and reward from robots 8:30 CH 3. What’s next?
The American consumer is starting to pull back on spending and rising food and labor costs are causing the food industry to invest more into automation to lower labor costs and improve sales, in order to stay competitive and take advantage of shifting consumer taste.
CBS Sunday Morning (May 21, 2023) – Tiffany & Co.’s flagship headquarters in New York recently reopened after undergoing a nearly four-year renovation. Correspondent Kelefa Sanneh tours a showcase that is one of the jewels of Manhattan.
CNBC (May 15, 2023) – The luxury conglomerate LVMH Moët Hennessy Louis Vuitton controls 75 Maisons, or brands, including Tiffany & Co., Sephora, Dior, Givenchy and TAG Heuer. At the helm of the luxury empire is the richest person in the world,
Chapters:0:00 – Introduction 2:20 The Rise Of Louis Vuitton 8:45 A Culture Company, Not Just Luxury 16:46 The Future Of Luxury
Bernard Arnault, whose five children all hold senior executive roles within the company. With a keen eye for luxury, ruthless negotiation skills and an effective business acumen, Arnault has acquired some of the biggest names in the world. Most recently, in 2021, the company bought Tiffany & Co. for $15.8 billion after a bitter dispute about price due to the Covid-19 pandemic, and to salvage the luxury sector’s biggest-ever deal.
Though most companies struggled during the pandemic, LVMH’s stock steadily rose while it continued to report record revenue year after year as wealthy consumers participated in what McKinsey & Co. called “revenge spending.” For the first quarter of 2023, LVMH reported a 17% increase in revenue from the same period a year earlier. The Asia market, which had seen the most significant drop due to Covid-19 closures, had a 14% rise in revenue after an 8% decrease in the fourth quarter of 2022. In April 2023, LVMH became the first European company to surpass $500 billion in market value.
CNBC (April 25, 2023) – Americans are collectively spending nearly $65 billion on sneaky fees, according to the White House. “It really seems like companies have become addicted to junk fees,” Lina Khan, chair of the Federal Trade Commission, told CNBC.
Junk fees are making companies billions of dollars richer. Watch the video above to learn more about where junk fees hide, details of proposed changes, where policy may fall short and whether increased regulatory oversight may be enough to squash junk fees once and for all. Chapters: 0:00 Introduction 1:26 Defining ‘junk’ fees 5:34 Squashing fees 7:52 Policy problems 10:02 The future of fees
CNBC (April 22, 2023) – Outfitted with cameras and sensors, autonomous inventory robots can verify price signs and look for out-of-stock items. Inventory is one of the biggest challenges retailers face.
Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. But an army of inventory robots is being deployed that could help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.
Insider Business (April 21, 2023) – For generations, farmers in Indian-administered Jammu and Kashmir have been selling their crops on the Dal Lake in a floating market. The lake is an economic hub for people living there – with many working in agriculture, fishing, and tourism. But decades of pollution have threatened their livelihoods.
The floating vegetable market on Dal Lake is in Srinagar, Kashmir, where locals trade out of their canoes. The produce sold here is grown in floating gardens.. The rich ecosystem of this wetland produces plenty of tomatoes, cucumbers, water chestnuts and the famous nadru (lotus roots, a delicacy in the Kashmir Valley).
They gather in the centre of the lake at dawn, and disappear just as sunlight hits the waters.
Insider Business (April 4, 2023) – Purple flowers in Kashmir produce the world’s most expensive spice — saffron. While it can sell for $10,000 per kilogram, climate change is making it even more expensive. Because of lower-than-usual rainfall over the last few years, production has dropped significantly.
And fields that once yielded this delicate spice have become sites for new housing construction. Climate change is threatening the production of all kinds of foods from cloves in India to eels in Japan and Spain. Here are 10 expensive, and vulnerable, foods and why climate change is making them so much more expensive.
Insider Business (February 4, 2023) – Handmade bespoke dress shoes take months to make. Shoemakers transform rough measurements of a customer’s feet into a one-of-a-kind shoe. One pair can cost over £5,000.
London has been a hub for shoemaking for centuries, and while the industry has shrunk over time, an increase in demand from Japan and the US has helped to reignite interest in this craft. So, why would someone buy bespoke dress shoes? And what makes them so expensive?
Insider Food (December 17, 2022) – From the big screen to fashion catwalks, the French macaron has become a pop culture icon. And it’s thanks to Ladurée, the French company credited with inventing the colorful cookie over 130 years ago. Today, Laudrée has turned its colorful macarons into a cookie empire.
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