Americans collectively have more than five billion items sitting at home that they no longer use, according to a 2019 survey by online marketplace Mercari. One-click shopping and the globalization of overseas manufacturing has made it easier than ever for consumers to acquire goods. According to the Self Storage Association, an industry trade group, more than 10% of households in the U.S. rented a self-storage unit in 2020, 18% more than in 2005. The self-storage industry has continued to outperform during the pandemic, with several companies reporting strong occupancy and healthy demand, according to the research site Yardi Matrix. But with headwinds threatening the economy will self-storage companies like Public Storage and Extra Space Storage be able to maintain their momentum? And what will new disruptors like Neighbor and Clutter mean for the future of the industry?
Tag Archives: CNBC
Analysis: The Shrinking U.S. Population (CNBC Video)
The US is facing an aging population, falling birth rate and economic recession caused by the coronavirus pandemic. These issues will have huge implications on the size of the workforce and the consumer base. Watch the video to find out why America could be confronting an underpopulation problem and what business leaders and policymakers can do about it.
2020 Election Polls: What Went Wrong? (Video)
A lot things went wrong in 2020. And presidential polls were no exception. Joe Biden was supposed to win the 2020 presidential by eight points, according to the polls, which were wrong. He won by five points. He was supposed to win Wisconsin by 10 points. Instead, Biden eked out a victory there with less than 1 percent of the vote between him and incumbent President Donald Trump. The polls were very wrong in Wisconsin. The polls also had Biden winning Florida. And North Carolina. Here’s why the polls ended up missing the mark in 2020, and what’s being done about it.
Analysis: ‘How Airlines Are Transporting The Covid-19 Vaccines’ (CNBC Video)
Major U.S. airlines like American Airlines, United and Delta have stepped up to become a crucial part of the vaccine delivery supply chain alongside logistic giants like UPS, FedEx and DHL. Even though it’s only one part of the journey, it’s a critical one. DHL and McKinsey estimate vaccinating the world will require up to 15,000 flights.
Analysis: ‘Is Walmart The Future Of Health Care?’
Walmart, America’s largest grocer, launched a primary care clinic called Walmart Health, in September 2019. Analysts say the big box retailer faces several hurdles in its quest to scale up nationally with a roster of highly paid doctors and dentists. But with more than 35 million people uninsured as of 2019, and millions more with high deductible health plans, could Walmart Health’s low price point be the future of healthcare in America?
Food & Dining: How ‘Olive Garden’ Restaurants Are Surviving Covid (Video)
When you think of free breadsticks, unlimited salad, and pounds of pasta one name comes to mind — Olive Garden. But the Italian eatery, known for its $5 take home meal, has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In response, the casual dining chain trimmed its menu, pivoted to take out, and cut costs. But are those changes enough for Olive Garden to survive the pandemic and offset the overall decline of the dine-in restaurant experience?
Health: ‘How The Covid-19 Vaccine Works’ (Video)
The U.S. began vaccinating the population against the coronavirus earlier this month, but mass adoption is not a guarantee. Roughly four in ten Americans say they would “definitely” or “probably” not get a vaccine, according to a recent survey by the Pew Research Center. Watch this video to find out how major stakeholders plan to convince the entire country to trust a vaccine made in record time, using mRNA technology that’s never before been licensed.
Environment: A Look At ‘Climate Change Denial’ In The U.S. (CNBC Video)
Despite overwhelming scientific evidence, some American politicians continue to deny that climate change exists, while others question the severity of its impact. But public opinion is shifting, and today even oil and gas companies publicly admit that climate change demands action. So why does climate denialism continue to influence U.S. politics? Here’s a look into who is funding the movement, and why denial is mainly a U.S. problem.
Crime: Delivery Scams Imitating Amazon, UPS, FedEX & DHL On The Rise
As online shopping sees its biggest holiday season ever, hackers are sending fake delivery notices impersonating Amazon, UPS and FedEx, with scams up 72% from last year and 440% from October to November. Clicking a fake shipping notification link can launch ransomware or launch a counterfeit branded site to trick users into entering credit card and personal information to “reroute” a package that never existed.
Defense Industry: How Companies Make Billions Off Missile Sales (Video)
Missile sales are the number two defense export in the U.S. and production is dominated by a handful of companies such as Raytheon, Boeing and Lockheed Martin. As technology advances, will expensive missiles and hypersonic glide weapons dominate the market, or could start-ups and cheaper technology change the missile economy?
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