CNBC – Anheuser-Busch InBev is the world’s largest brewer with 500 brands in more than 100 countries. In 2016, Flemish Interbrew and Brazilian Ambev, together known as InBev, merged with the American legacy company Anheuser-Busch, which ultimately brought AB under the leadership of 3G Capital.
3G Capital is a Brazilian-American global investment firm whose tactics include an aggressive, and at times controversial, cost-cutting strategy. AB InBev’s longtime priority of aggressive acquisitions has been coupled with a focus on profit and price per barrel rather than volume share. Premiumization and expanding beyond beer continue to be winning strategies. In 2021, the company amassed $54.3 billion in revenue with 169,000 employees worldwide. As overall beer consumption has declined, AB InBev has transformed from merely a beer company to the largest beverage company in the world.
This short film by Martin Mulcahy was created for the launch of the 2022-23 exhibition of the Made In Chicago Museum, currently running at Klairmont Kollections, 3117 N. Knox Ave., Chicago, IL.
The film, the museum exhibit, and the corresponding online museum, highlight the many “everyday objects” manufactured by Chicago companies between 1900-1970, bringing to life the stories behind them and the legacy of items we might otherwise view as obsolete (or at best, “vintage”).
The Made In Chicago Museum was founded and curated by Andrew Clayman, and design elements of the exhibit, including this short film, are the work of Chicago designer and filmmaker Martin Mulcahy. For more, visit https://www.madeinchicagomuseum.com/
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nation’s only major public liquidator, Liquidity Services, resells unclaimed mail, items left at TSA checkpoints, and outdated military vehicles.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.
California’s Port of Los Angeles is struggling to keep up with the crush of cargo containers arriving at its terminals, creating one of the biggest choke points in the global supply-chain crisis. This exclusive aerial video illustrates the scope of the problem and the complexities of this process. Photo: Thomas C. Miller
Amazon is on a spending spree to grow its fleet of planes, vans, semitrucks and drivers in its latest move to compete with FedEx and UPS. Now, it’s using the added capacity to move cargo for outside customers, betting big on the business of third-party shipping while also shipping 72% of its own packages. CNBC talks to former Amazon executives and current customers using the shipping services to find out all about the behemoth’s next big move.
Concerns over prescription drug prices have grown into a big political issue, with nearly one in four Americans saying it’s difficult to afford their medications, according to a March 2019 poll by the Kaiser Family Foundation. Pharmacies technically set their own prices for generic drugs, but there are other players involved that complicate the process. Here’s how the system works and what customers can do to save money.
Chapters 0:00 – Introduction 1:16 – Why pharmacies exist 3:50 – How pharmacies make money 8:51 – Regulations 10:55 – How customers can save money
Inside the company’s automated warehouse in China Chinese e-commerce giant Alibaba is challenging Amazon by promising fast deliveries from China to anywhere in the world. WSJ visits Alibaba’s largest automated warehouse to see how robots and a vast logistics network are helping it expand globally. Composite: Clément Bürge
Across much of the world, covid-19 restrictions are starting to ease. The Economist has crunched the data to calculate how close countries are to pre-pandemic levels of normality—but will life ever be the same again? Read more here: https://econ.st/3AG9siz
With more than 1.9 billion drinks served every day Coca-Cola is one of the world’s largest beverage companies. From its humble beginnings selling a single product at a drugstore for 5 cents a glass, the company now has a roster of 200 brands that includes Coke, Fanta, and Sprite. But with health and wellness trends on the rise, the company has been forced to pivot. So after 135-years in business, can the soft drink giant stay on top? And what will the secular decline of sugar-sweetened beverages in the U.S. mean for the future of Coca-Cola?
Retail energy companies compete with local utilities to give U.S. consumers more choice. But in nearly every state where they operate, retailers have charged more than regulated incumbents, meaning you may be paying more for your electricity than your neighbors. Here’s why. Photo Illustration: Jacob Reynolds