In the past two decades inflation has puzzled economists by remaining low in good times and bad. Could the pandemic cause it to rise?
Small drones will be allowed to fly over people and at night in the United States, the Federal Aviation Administration (FAA), a significant step toward their use for widespread commercial deliveries.
Is cash still king? The coronavirus pandemic may cause a drastic decline in cash usage due to the risk of contamination. The unprecedented surge in the demand for contactless payment has also shown outstanding performances for major companies offering cashless payment methods, like Apple, Square and Paypal. Could covid-19 signal the end of cash in the United States and can the U.S. really function without physical currency?
Amazon is the world’s biggest retailer, and its CEO Jeff Bezos the world’s richest man, for one very good reason. His company is better than anyone else, ever, at giving people what they want, quickly. Amazon acquired its undisputed status as heavyweight champion of the retail universe thanks largely to its lightning-fast delivery times.
The astonishing feat of ferrying hundreds of millions of items, from guitar strings to saucepans to car parts, directly to your door, inside 24 hours, is nothing short of a modern logistical miracle. So how does Amazon do it? A super-smart army of slave robots, for one. Ingenious, if occasionally unscrupulous, management practices are part of the answer too.
And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen. So join us today, as we button up our hi-vis jacket and journey inside Amazon’s smart warehouses.
Biden is expected to announce more members of his cabinet. His administration will place a focus on civil rights. And, stores are changing things up to keep shoppers safe on Black Friday.
Each week, e-grocer FreshDirect delivers 100,000 grocery boxes direct to customers’ doors. It all happens from its Bronx warehouse, the size of 11 football fields. Using an advanced AI system, temperature controls, nine miles of conveyor belt, and a fleet of delivery trucks, the company is able to cut out three steps in the normal grocery store supply chain. Business Insider visited the warehouse to see how the company moves 3 million grocery items a week in the face of unprecedented pandemic demand.
For years, one of the biggest days of the holiday shopping season was Black Friday. But in 2020, that could change. The coronavirus pandemic is fast-tracking big changes in retail that were already underway, pushing consumers into a digital future.
Illustration: Jacob Reynolds/WSJ
Macy’s has long been identified with the start of the holiday shopping season. But the company was hurting even before the coronavirus crisis hit the retail industry, raising questions about how far Macy’s star could fall.
Photo Illustration: Jacob Reynolds/WSJ
Walmart’s potential deal with TikTok may not only change the retail giant, it could reshape how Americans shop online. Video commerce, which allows users to shop while they watch viral videos, is already wildly popular in other countries.
Illo: Mike Cheslik for the Wall Street Journal
Director: Nick Martini
DP: Cam Riley
Producer/Executive Producer: Anthony R. Lahout
Editor: Mattias Evangelista
Sound: Alex Boll
Since 1920, America’s Oldest Ski Shop
100-year businesses don’t exist. The retail industry is dead. In the rugged White Mountains of northern New Hampshire, Lahout’s has remained open 365 days a year since 1920. While e-commerce and conglomerates have stripped the country of local, independent retailers, a family of Lebanese immigrants have prevailed for a century, beating the Great Depression, World War II, the Dot Com Crash and Great Recession.
Award-winning director Nick Martini and cinematographer Cam Riley have teamed up with executive producer Anthony Lahout to captivate a nation consumed with hashtags instead of history. This film tells a timeless short story of the American dream and the family that put a community on skis. After 100 years, Lahout’s is still a family business moving onto its fourth generation. Through past and present, we learn the true root of the store’s success. As the original passes on, we question and discover the backbone of its longevity. We hope to inspire immigrants, millennials, family businesses, and outdoor enthusiasts that all in America is not lost.