text:
On November 22, FAW-Volkswagen ID.7 VIZZION officially opened pre-sale, the pre-sale price of the first version of the model is 237,777 yuan, the new car will be launched within the year.
In April this year, the domestic version of ID.7 was unveiled at the Shanghai Auto Show. The car will be made by FAW-Volkswagen and named "ID.7 VIZZION." ID.7 VIZZION will be based on Volkswagen MEB pure electric platform, can be regarded as Passat electric successor, positioning pure electric mid-size car, power to provide rear drive and four-wheel drive options.
In terms of appearance, the front face of the new car adopts closed air intake grille design, with narrow and long penetrating LED headlights on both sides, brand LOGO identification in the middle, and high overall recognition. The new car is surrounded by a trapezoidal grille design with a compact air intake on both sides, making the overall visual effect simpler and sportier.
On the side of the body, the new car has smooth lines, and the roof adopts a slip-back shape to add a sense of sportiness. In terms of size, the length, width and height of the new car are 4956/1862/1537mm respectively, and the wheelbase is 2965 mm. The positioning medium-sized electric car is basically equivalent to BYD Han EV. For reference, BYD Han EV length, width and height are 4995/1910/1495mm respectively, and wheelbase is 2920 mm. At the rear of the car, the shape of the new car is square, the tail is equipped with through-type LED tail lamp group design and blackened treatment, the middle is inlaid with brand LOGO identification, the bottom is surrounded by simplicity, and the black surrounds the upper part with through-type red light belt, which makes the rear of the car very layered. The rear of the new car bears the words "FAW-Volkswagen,""ID.7" and " VIZZION."
Interior part, the new car also adopts Volkswagen ID. Family simple style, equipped with 15-inch floating central control screen equipped with 15-inch intelligent 2K floating screen, built-in Volkswagen brand-new generation vehicle operating system ID. OS 2.0。In addition, the new car is equipped with AR-HUD head-up display, which can project basic form information of the vehicle, navigation, warning, driving assistance information, etc.
In terms of power, the new car will offer two options: single-motor rear drive and dual-motor four-wheel drive. According to previous declaration information, the rear drive model of the new car is equipped with a motor with a maximum power of 150kW; the four-wheel drive model is equipped with a front and rear dual-motor system, of which the maximum power of the front motor is 80kW and the maximum power of the rear motor is 150kW.
According to the positioning and selling price of the new car, as a positioning pure electric medium-sized car, the new car will compete with popular models such as BYD Han EV (price range: 2098 - 331,800 yuan), Tesla Model 3 (price range: 2614 - 297,400 yuan) and Xiaopeng P7i (price range: 2099 - 339,900 yuan). It should be noted that the competition in the pure electric mid-size car market is very fierce at present. Whether the new car market can get a "piece of the pie" after it comes into the market remains to be verified by the market and consumers.
According to the official website, FAW-Volkswagen is currently selling pure electric models including ID.4CROZZ and ID.6CROZZ, which are sister models with ID.4X and ID.6X. Data show that from January to October this year, ID.4CROZZ, ID.6CROZZ cumulative sales of 28,100 and 9896 vehicles respectively.
Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat
On April 23, Xiaopeng officially posted on Weibo that it had taken note of media reports about Xiaopeng's employees cooperating with the investigation, and explained the information: 1. Hebei police have recently launched an operation against the Internet Water Army. Xiaopeng Motor is also actively cooperating with the police in the investigation of suppliers. The case is under investigation
On the afternoon of April 23, the new M5 was officially launched. Yu Chengdong, managing director of Huawei, terminal BG CEO and chairman of smart car solution BU, announced at the press conference that the new M5 has launched a total of three models, of which the extended range Max version (rear drive) sells for 249800; pure electric Max
On April 22nd, the Nezha L extended-range model was officially launched. The new car has launched a total of four models with a price range of 129900-159900 yuan. It is understood that Naxi L is based on Shanhai 2.0 platform, positioning medium-sized new energy SUV, and provides pure electric version and extended range version of two power options this time.
Following the Wisdom S7, Weilai was also exposed to "cut off Hu" millet SU7 order. On April 23, the Financial Associated Press visited a number of Weilai stores and found that Lulai had launched a corresponding subsidy for consumers who had decided on Xiaomi SU7. Weilai store sales said: "as long as you place an order, we also subsidize 5000 yuan."
Xiaomi has attracted a lot of attention since its launch, and there has been a lot of news lately. Lei Jun announced at the Xiaomi investors' meeting on April 23 that as of April 20, Xiaomi had locked more than 70, 000 SU7 units, and that the delivery target of Xiaomi SU7 in 2024 was more than 100000. Interestingly, before Citibank,
Mr. Zou of Weinan, Shaanxi Province bought a new car a few years ago. The 4S store said that it could enjoy a certain discount to participate in the "win-win loan". Out of the mentality of being cheap, Mr. Zou made it easy for the 4S store to sign the so-called "win-win loan" service. now the loan is no longer repaid after the 4S store closes down. Mr. Zou and a number of car owners have been listed as executors and have been asked for debt in recent years. According to Mr. Zou's description, he took a fancy to a new Beixian Tusheng in 2015 and transferred the 160000 yuan deposit to the bank account of the 4S store after paying a deposit of 15000 yuan. The day after the full payment, Mr. Zou suddenly received a call from the 4S store.
As a pure electric vehicle, Tesla does not seem to lack hot spots in the domestic market, whether it is because of hot sales or product failures, it can always attract the attention of the people. This is not, an incident reported by the media last night also aroused discussion among netizens. Mr. Tu, a citizen of Nanchang, reflected to the media that he had bought Tesla Model 3 for only 6 days. After using Tesla's official charging pile, he suddenly lost power and could not start, and the car window could not be closed and could only be blocked with a piece of paper. The scene was very embarrassing! Mr. Tu said he recharged Model 3 at Tesla's super charging pile and uncharged it in place.
Toyota Motor (China) Investment Co., Ltd. filed the recall plan with the State Administration of Market Supervision and Administration in accordance with the requirements of the regulations on the Administration of defective Automobile products recall and the measures for the implementation of defective Automobile products recall regulations. Decides to recall a total of 12637 imported Elfa vehicles manufactured between 11 December 2017 and 29 March 2019 with effect from 29 December 2019. Some vehicles within the scope of this recall are due to imperfect charging control programs in the engine control computer, such as frequent idle parking for a long time, which may cause abnormal and inferior batteries.
According to the semi-annual report data released by Lifan, in the first half of this year, Lifan achieved revenue of 5.178 billion yuan, down 13.39% from the same period last year, and the monthly net profit attributed to listed companies was-947 million yuan, compared with about 125 million yuan in the same period last year. The cruel data forced Lifan Group to change its business strategy. In the face of a loss of nearly 1 billion yuan, Lifan has to announce that it will weaken the new energy vehicle industry and strengthen the motorcycle business, so as to lead Lifan out of the predicament. At the same time, Chen Wei, the vice chairman of the passenger car business, and Ma Ke, the president, left at the same time, and Yang Bozeng, the executive vice president of the motorcycle business.
At the Nanjing factory, Baiteng unveiled the appearance and interior of the first electric model, the mass production version of M-Byte, as well as key price information. this is the car's first public display in China since its debut at the Frankfurt Motor Show in September last year. This is the second and domestic debut of the car. The new car, which is positioned as a pure electric medium-sized SUV with a 48-inch shared full screen, will go into production by the end of this year. The appearance of the mass production version of the new car basically maintains the concept car design style, the front front adopts a closed design, the split headlights are separated by chrome strips, and the lower part of the headlights are connected to the middle net. ...


text:
Cathay Pacific says the delivery of its first Airbus A350-900 will be pushed back to late April, because of a “cabin product issue”.
The airline made the disclosure in its monthly magazine CX World, saying the original delivery was slated for February.
“The Cathay team is working closely with Airbus and the product supplier to minimise the risk of any further delays,” it adds.
Cathay did not disclose more details about the cabin product issue, but media reports have pointed to business class seat supplier Zodiac as having fallen behind schedule.
Cathay’s -900s will have 280 seats: 38 in business class, 28 in premium economy and 214 in economy. The airline had earlier said that the jets will feature “the next generation” of business and economy seats, as well as inflight entertainment products. Cathay is also working with Porsche Design Group on the design of its A350 cabins.
The Hong Kong flag carrier will add 22 Airbus A350-900s to its fleet over the next two years, followed by 26 A350-1000s from 2018 through to 2020.
Source: Cirium Dashboard

domain: news


text:
US-based supermarket chain Stop & Shop has invested $140m in its stores in New York City (NYC) to improve the shopping experience for its customers.
The retailer currently operates 25 stores in the Bronx, Brooklyn, Queens and Staten Island, employing more than 3,300 associates in the city.
As part of the investment, Stop & Shop will expand its store offerings to include items from around the world and hundreds of locally made items, including West African fonio chips from the NYC-based Yolélé and Mike’s Amazing vegetable oils and mayonnaise.
The retailer will also enhance its focus on value by offering more deal bins and discounts of up to 50% on fresh foods through its Flashfood programme.
It has been operating in NYC for more than 20 years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Stop & Shop president Gordon Reid said: “We’re proud to make such a significant investment in New York City, and we’re excited to show customers that we can be the one-stop shop for everything they need and that we’re delivering great value, particularly in this current economic environment.”
The retailer opened its first remodelled store, the Bay Plaza store in the Bronx, on 10 June.
The upgraded store features the Global Market, which offers authentic products from 14 different regions, including the West Indies, China, South America and Eastern Europe.
In addition, Stop & Shop has pledged to donate $1m to address the issue of food insecurity across NYC this year.
Reid added: “We’re also committed to fighting hunger in the boroughs and as part of our $1m commitment, we’re investing nearly half a million in the city’s public schools and colleges to ensure local students have consistent access to healthy food so they can succeed in the classroom and beyond.”
Stop & Shop is owned by Ahold Delhaize, a multinational retail company based in the Netherlands.


text:
The Korean giant has set January 11 for the official announcement of its new Exynos 2200 processor.
Samsung posted on its official Twitter account a teaser clip with a new hashtag #PlaytimeIsOver, to confirm the approaching date of unveiling its new processor.
— Samsung Exynos (@SamsungExynos) December 30, 2021
Samsung did not provide many official details about the Exynos 2200 processor, but the details that have come so far have confirmed that the processor is based on a 5 nm manufacturing accuracy, unlike the Qualcomm Snapdragon 8 Gen 1 processor, which is based on a 4 nm manufacturing accuracy.
Samsung also confirmed earlier that the processor comes with a graphics card based on the RDNA2 architecture from AMD, that is, similar to the graphics cards used in gaming devices and computers, so it will support ray tracing technology, and variable shading rate.
The Exynos 2200 is also an octa-core processor, featuring a Cortex-X2 core, three Cortex-A710 cores, and 4 Cortex-A510 cores, and is also expected to include an improved 5G modem chip, and it also comes with superior improvements in artificial intelligence technology.


text:
RBH creates campaign for Freya Active
Warwickshire-based advertising agency Rees Bradley Hepburn has created the marketing campaign for the launch of Freya Active, the new range of sports bras from lingeries manufacturer Eveden.
Eveden, has developed a non-compression design to compete in the fast growing sector of lingerie.
The company already works with a portfolio of lingeries and swimwear brands including Fantasie, Fauve, Goddess, Elomi and Freya.
The drive was promoted to over 350,000 women at 100 sites across the UK via health chains Fitness First, Virgin Active and Next Generation.
Online promotion included a competition on women’s lifestyle website, iVillage.co.uk


text:
Apple (NASDAQ: AAPL) said it sold 48.046 million iPhones during its most recent quarter, a slight improvement over the 47.534 million it sold in the previous quarter and way up from the 39.272 million it sold in the same quarter last year. Wall Street analysts had expected Apple to report sales of 48.5 million iPhones. Apple said it scored around $32 billion in revenues from its iPhone business, meaning the device accounted for 63 percent of Apple's overall revenue.
Click here for quarterly iPhone and iPad sales since 2007.
The company's most recent quarter, which ended Sept. 26, included two days of sales of the company's newer iPhone 6s and 6s Plus phones.
"Fiscal 2015 was Apple's most successful year ever, with revenue growing 28 percent to nearly $234 billion," said Tim Cook, Apple's CEO, in a statement. "We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV, which begins shipping this week."
Apple's stock was up slightly in after-hours trading immediately following the release of its earnings.
Importantly, Cook said he believes Apple's iPhone business still has room to grow. He said a significant number of iPhone owners are still holding onto older models and haven't yet upgraded to the company's newer, larger iPhones. He also said 30 percent of the people who purchased an iPhone during Apple's most recent quarter replaced a smartphone running Google's Android operating system, which is the largest "switcher" figure the company has recorded in the three years it has been measuring the figure. Cook added that Apple's sales in China could grow significantly, and that its sales to the enterprise could also continue to increase.
Although many investors have been concerned about Apple's exposure to a slowing Chinese economy and how that might hurt sales, the company reported that it saw a 99 percent year-over-year increase in quarterly revenue, to $12.5 billion, in the Greater China region, which includes the company's sales in China, Taiwan and Hong Kong, noted TechCrunch.
Apple said its iPhone average selling price grew by $67 year over year to $670 during the period. That growth is likely due to the more expensive iPhone 6 Plus and 6s Plus.
Apple said its overall revenues for its fiscal 2015 fourth quarter clocked in at $51.5 billion, up slightly from Wall Street expectations of around $51.04 billion, according to Business Insider. The company's earnings per share hit $1.96, above expectations of $1.88. The company's net profit reached $11.1 billion. Apple's gross margin reached 39.9 percent in the quarter, above expectations of 38.5 to 39.5 percent.
In its coming quarter, Apple said it expects to post revenues of between $75.5 billion and $77.5 billion. Wall Street had expected that number to come in at $77.13 billion, according to Business Insider. The upcoming quarter will include holiday shopping sales, and will be a key indicator of Apple's traction in smartphones and tablets. During last year's holiday quarter, Apple sold 74.5 million iPhones and scored $18 billion in net profit. BTIG forecasts that Apple will report sales of 80 million iPhones in its upcoming quarter.
During Apple's quarterly conference call with analysts, Cook briefly discussed Apple's new iPhone Upgrade Program, introduced in conjunction with the release of the company's new 6s and 6s Plus phones. Cook said the program has proven popular with customers in the United States, and that "it seems as if we're on the front end of a major trend in the industry."
Interestingly, Apple's revenue from "other products" -- which includes sales of its Apple Watch, its Beats headphones business and sales of its TV offerings -- grew 61 percent to $3.05 billion during its most recent quarter. Of the Apple Watch, Cook said that "we are in the very early innings of this promising business." And of the new Apple TV, he said the company recorded a "huge" first day of pre-order sales.
"While Apple does not report Apple Watch revenue or units, we estimate it sold 3.5 million in the quarter, generating $1.5 billion in revenue," said BTIG analyst Walter Piecyk.
In its tablet business, Apple said it shipped 9.88 million iPads in the quarter -- below Wall Street expectations of 10.2 million.
Apple likely to best last year's iPhone sales this quarter, but all eyes are on holiday period
Apple: We sold 13M new iPhone 6s, 6s Plus models in first 3 days of sales, up from 10M last year
Apple's iPhone 6s, 6s Plus go on sale as Verizon looks to match Sprint, T-Mobile offers
T-Mobile offers iPhone 6s for as low as $5/month in device payments if customers trade in an iPhone 6
Article updated Oct. 28 with analyst commentary.


text:
What's ahead as we pull out of the recent recession and into the next phase of growth? These can be difficult to predict—just as nobody coming out of the 1980-82 recession foresaw the impending PC revolution, or nobody coming out of the 1990-92 recession foresaw the rise of the Web and dot-coms.
Analyst firm Gartner issued its list of predictions for the years ahead that may seem outlandish, but predictions about the PC and Web booms would have seemed outlandish before their times. I also added some observations pertaining to the potential impact on insurance companies.
By 2012, 20% of businesses will own no IT assets. Gartner says many companies will rely on cloud at the back end, and let employees work off their own laptops and devices. Not likely for the insurance industry, which is risk-adverse to the idea of sending data off-site into the cloud.
By 2012, Facebook will become the hub for social network integration and Web socialization. This already hasn't happened? I've heard of companies using Facebook as their intranet. Insurance companies can make use of this resource and other social networking sites as well.
By 2014, most IT business cases will include carbon remediation costs. Companies are already looking hard at energy costs that result from IT, and thus the growth of strategies such as virtualization and internal cloud computing. Insurance companies with large data centers may benefit from more closely monitoring energy consumption.
Internet marketing will be regulated by 2015, controlling more than $250 billion in Internet marketing spending worldwide. More regulation will be a result of efforts to tamp down spam. As Web marketing is now a huge channel for many insurers, they need to pay heed to perceptions about Internet marketing, and make sure messages are well-targeted and informational to customers.
By 2014, over three billion of the world's adult population will be able to transact electronically via mobile or Internet technology. Gartner predicts that by 2014, there will be a 90% mobile penetration rate and 6.5 billion mobile connections. Phones will overtake PCs as Web access devices. At the same time, advances in mobile payment, commerce and banking are making it easier to electronically transact via mobile or PC Internet. This is an area of opportunity for the insurance industry, particularly when looking to reach younger consumers. But it also calls for Web site redesigns—to the simpler side—that can accommodate these smaller form factors.
One thing that should be noted is that Gartner's predictions are all based on technologies and services that currently exist and support proven business models. But it's sometimes difficult to see the future that's unfolding right in front of you.
Joe McKendrick is an author, consultant, blogger and frequent INN contributor specializing in information technology.
Readers are encouraged to respond to Joe using the “Add Your Comments” box below. He can also be reached at email@example.com.
The opinions of bloggers on www.insurancenetworking.com do not necessarily reflect those of Insurance Networking News.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access


text:
Britain's biggest manufacturing exporter, the chemical industry, has told Ministers and civil servants that the way to a green future for the country is through encouraging innovation.
Responding to the Government consultation on Environmental Principles and Governance Post EU-Exit, the industry says "we call for the inclusion of the Innovation Principle to deliver growth ensuring alignment of the 25-Year Environment Plan with both the Clean Growth and Industrial Growth Strategies".
The response, submitted by the Chemical Industries Association (CIA) also urges risk to feature in policy and law making. "We urge Government to retain the UK’s risk-based approach to legislation and to seek to attain consistent application of the principles in environment policy decision making, environmental law and its enforcement within the entire UK".
Speaking about the consultation, the CIA's Chemicals Policy Director, Nishma Patel, said "we all want to see a future where the environment features at the heart of Government policy. We believe the answers to this challenge lie in the effective implementation of industrial strategy including clean growth with innovation at its heart".
For further information, please contact Simon Marsh on 07951 389197 or [email protected].
- The chemical and pharmaceutical industry adds £18 billion of value to the UK economy every year from total annual turnover of £50 billion.
- In addition to gross value added, the sector also contributes to the UK economy in its position at the head of many supply chains within manufacturing and its employment of a well remunerated, high-skilled workforce. We support 500,000 jobs both directly and indirectly Chemical manufacturing adds £9 billion in gross value added annually and pharmaceutical manufacturing £9 billion.
- The wider chemical and pharmaceutical sector (manufacturing plus distribution) is the largest exporter of manufactured goods with annual exports of over £50 billion. The export of motor vehicle, trailers and semi-trailers is the sector with next highest exports of £35 billion. Aerospace is £32 billion.
- 63% of companies in the sector export what they make to the world, the highest proportion of any goods manufacturing sector in the UK economy. 60% of our exports go to the European Union and 75% of our imports and raw materials come from the European Union.
- The sector’s level of business investment is £4.3 billion, compared to automotive £2.7 billion and aerospace £2.1 billion, while the expenditure on research & development is £5.0 billion (automotive £2.7 billion and aerospace £2.1 billion).
- The products and technologies of the Chemical industry are essential parts of medicines, food & drink, telecommunications, energy-saving, I.T, clothing and much more.
- For every tonne of Greenhouse Gas (GHG) emitted, our products and technologies enable over 2 tonnes of GHG emissions savings.


text:
Salvadoran President Attends Opening of Crowley’s New El Salvador Distribution Center
(Jacksonville, Fla.; July 27, 2005) – Salvadoran President Antonio Saca and Crowley held opening ceremonies last week for the company’s new 24,500 square-foot distribution center in the Exportsalva Free Zone in El Salvador. In addition to its larger size, the new center features doors to accommodate trailers of three different heights and high speed DSL Internet connectivity. The center also offers Crowley customers on-site Customs processing and 24-hour security.
The inauguration ceremony, which included a ribbon cutting and speaker presentations, drew government dignitaries, community members and top customers. President Saca performed the ribbon cutting accompanied by Minister of Economy Yolanda de Gavidia and General Directors of Customs Gustavo Villatoro and Proesa Pedro Escalon. Other high-profile attendees included Francisco Rovira, director of the Exporta promotion agency, Ricardo Sagrera, president of the Free Zone Exportsalva and Arq. Ana Maria de Rivas, general manager of the free zone. Total attendance for the event topped 80, including representatives from top customers.
In his speech, President Saca said he was pleased to see a well-recognized company like Crowley, with over 113 years of experience, expanding and investing in El Salvador.
He said his government’s interest is to create more jobs and attract foreign investment, and shipping companies, distribution centers and logistics operators are a very important part of the trade the government wants to create.
“The amenities provided in the new facility, in conjunction with its strategic location in the Export Salva Free Zone, make it an ideal solution for our customers,” said Rinus Schepen, senior vice president and general manager, Crowley logistics services. “The distribution center allows cargo to be cleared faster, and loaded and unloaded faster, all of which reduces shipping times – a major advantage with Crowley’s Speed to Market.”
Forty-five years of operating in Central America has given Crowley an unmatched understanding of the distinctive regulations, infrastructure, and customs of the region. Crowley is committed to maximizing the area’s rich, expanding trade and growing infrastructure opportunities for its customers.
Crowley’s logistics services business unit is headquartered in Jacksonville, Fla., and is part of Crowley Maritime Corporations liner segment. The Oakland-based corporation, founded in 1892, is primarily family- and employee-owned and is engaged in worldwide logistics, liner shipping services, contract towing and transportation, energy support services, ship assist and escort services, vessel management and petroleum and chemical marine transport. Additional information about Crowley, its subsidiaries and business units may be found on the Internet at www.crowley.com.
# # #


text:
iPhone 5S Rumoured Again to Have Fingerprint Sensor, Plus NFC
Apple has selected the component manufacturer that will provide the touch display driver and chips to support fingerprint sensors and near field communications (NFC) for the iPhone 5S.
According to the most recent report from China Times (Via Macrumors), the iPhone 5S will be the first iPhone to use both NFC and fingerprint scanning technology, solutions provided by Taiwanese chip firm Chipbond.
Rumours of the fingerprint technology coming to the iPhone have been persistent since Apple acquired the mobile security firm Authentec last year. However, this didn’t materialize with the iPhone 5, as Apple moved to increase the display size and switched to in-cell technology instead.
When predicting Apple’s product map for 2013, KGI Securities analyst Ming-Chi Kuo stated that the fingerprint sensor would be one of the key features of the iPhone 5S.
NFC was also rumoured to come to the iPhone. This was the buzzworld of the Mobile World Congress in Barcelona this year, but this doesn’t mean Apple is ready to adopt it – despite owning several patents that include the NFC keyword. The recent report is the first one stating the next generation iPhone will sport an NFC chip.
Although it owns several patents for an iWallet, Apple proceeded by launching the Passbook app first with iOS 6, an app that acts like a digital wallet for passes, coupons and loyalty cards. In its current form, the iPhone isn’t ready to act as an iWallet, the step needed for Apple’s entrance into the mobile payment market (see passcode lock security flaws).
But if the iPhone 5S fingerprint sensor rumours are true, this could add another layer of security for Apple’s iPhone, preparing the device to enter into the mobile payment market. Which makes me think that – based on the naming pattern Apple has used with S series handsets iPhone 3GS[peed], iPhone 4S[iri] – for the iPhone 5S, “S” could stand for “security”.


text:
Italian automotive design firm Pininfarina is eyeing USD 1 billion in revenues, in partnership with Tech Mahindra's engineering division, over the next 3-5 years.
The two companies together generate around USD 500 million a year from their design and engineering business.
Pininfarina CEO Silvio Pietro Angori expects the venture to grow to USD 1 billion in 3-5 years. "When I say USD 1 billion, it is combining the engineering services of Tech Mahindra with our own business. So that is feasible," he told PTI on the sidelines of Geneva Motor Show.
Tech Mahindra currently owns around 76 per cent stake in the Turin-based firm which is known for design work for iconic brands such as Ferrari, Maserati and Rolls-Royce.
At present, Pininfarina generates around 10 per cent of the revenues from Italy, 30 per cent from Europe, and the remaining 60 per cent from rest of the world.
In India, the company is working with "no more than two clients" currently, Angori said.
Pininfarina, which became a part of the Mahindra group in late 2015, has been able to regain financial stability and is now looking to strengthen its non-automotive businesses as well.
In India, it is eyeing opportunities in sectors like railways, real estate and infrastructure development, Angori said.
When asked about Pininfarina's over two-year association with Mahindra group, Angori said the Indian firm has helped the company regain financial stability besides helping it to reach out to clients which were earlier out of reach.
"Mahindra group has given us financial stability and it has led us to unlock so much of the potential we had," Angori said.
Both the companies have the same values and founding principles and this has helped Pininfarina flourish, he added.
"We have around 110 clients and that number has increased in the last two years by about 20 per cent," Angori said.
Commenting on the synergies with Tech Mahindra, he said that while Pininfarina does the physical design, the digital part of the job is taken care by the Tech Mahindra.
"No other company in the world has the capability like us," Angori said.
Mahindra group had announced the acquisition of Pininfarina in late 2015 for an overall outgo of over EUR 50 million after months of negotiations.
An advanced 125cc urban scooter tailor-made for those riders who prefer to make an impact reflecting their youthful and fun persona, Grazia will be available at Honda's two-wheeler dealerships across India.
The new Magnite SUV stands out on many counts. In a short span after its launch, it has garnered over 30,000 customer bookings. It is also the torchbearer of the beleaguered Nissan’s future in India. The average of 1000 units booked daily since the debut on December 2 manifests the brand’s strength and new vigour. It will, Nissan hopes, empower it to discard legacy issues and open a new chapter in India’s mobility landscape.


text:
By Tiernan Ray
Shares of chip maker Sigma Designs (SIGM) jumped 46 cents, or 5.5%, at $8.76, in late trading, after the company this afternoon reported fiscal Q2 revenue that slightly exceeded expectations, but beat big on the bottom line, though the stock gave up most of those gains as the forecast came out for revenue below consensus this quarter.
Revenue in the three months ended in July rose 5%, year over year, to $61.3 million, yielding EPS of 7 cents a share.
Analysts had been modeling $61.2 million in revenue and 1 penny per share in profit.
The company’s gross profit margin in the quarter rose to was 49.9%, on a non-GAAP basis, down from 50.5% a year earlier, but up from Q1’s level of 46.6%.
CEO Thinh Tran called the results “strong,” citing “robust demand and early adoption of our Connected SmartTV Platforms.”
Added Tran, “With gross margins approaching 50 percent and continued control of our operating expenses, we delivered a healthy net income for the quarter.”
Sigma didn’t offer a forecast for the quarter, something it may do when it holds its conference call with analysts at 5 pm, Eastern time, this evening. You can catch that call via the Webcast on the company’s investor relations homepage.
Update: Shares are continuing to add to gains now up 60 cents, or 7%, at $8.90.
Update 2: The stock has since given up most of those gains, after the company on the call forecast revenue this quarter of $62 million to $65 million, which is below consensus for $67.2 million. Shares are now up 3 cents at $8.33.
The company also said it expects to be profitable this quarter. Consensus expectation is for 10 cents EPS.


text:
Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed that it will be part of the Sharjah Government Pavilion at the 42nd GITEX Technology Week which will be held at the Dubai World Trade Center from October 10.
During the five-day event, the Authority will showcase new projects and emerging opportunities in artificial intelligence and metaverse that will shape the future of tourism and commerce sectors in the emirate.
SCDTA will showcase the creative use of technologies and their impact on hospitality, tourism, and commerce during the event, which brings together experts and specialists from 144 countries.
The Authority will also exchange knowledge and future visions to elevate Sharjah’s status in the world arena.
Speaking about the involvement, Mr. Jasim Khalid Al Midfa, Chairman, SCDTA remarked that, “the emirate is keen on building a comprehensive tourism ecosystem utilizing advanced technologies to develop the sector and ensure its sustainability.”
The SCDTA Chairman also emphasized that, “investments in modern technologies to drive innovation in tourism will be key to boosting the sector’s future contributions to overall national economic growth.”
“Implementation of modern technologies have become indispensable to all economic sectors. In tourism, technology is no longer implemented solely for flight and hotel bookings; the sector is now employing the latest in AI and other futuristic technologies to design more experiential, interactive and engaging experiences for travelers. In Sharjah, for instance, we employ VR for trip planning and to market our destinations,” Mr. Al Midfa added.
Related: Innovation Incubator in5 to showcase 7 of its top tech start-ups at GITEX 2022


text:
“He’s a hero of mine, somebody who doesn’t care what Wall Street or anybody else thinks. He’s just out on a mission and believes in himself to really do so much for humanity,” Gulati told ETPanache at a recent awards evening.
Congratulations to the greatest entrepreneur alive @elonmusk Keeps proving the disbelievers wrong, again and again. https://t.co/MluoREEryM— Maninder Gulati (@maninderg13) 1540477465000
Never doubt, never bet against, never give up on @elonmusk Of all CEOs of any company in the world, he is still the… https://t.co/inVXlN75Zp— Maninder Gulati (@maninderg13) 1536907818000
Musk continues to be an inspiration for Gulati due to his passion (and emotion) for business - a quality that Gulati recognises in himself. “I think he’s a combination of a guy who’s not just passionate about business but he’s emotional about business as well. That sort of resonates with my personality, quite a bit.”
He shared an example from a documentary on Musk’s journey that he keeps going back to and why that clip still resonates with him.
“I keep watching this documentary that talks about his journey and there’s a moment where he’s (Musk) starting to cry. A reporter asks him if it would have been tough during a point of time where a lot of people who he used to believe in started to sort of not believe in what Elon was doing. So Elon used to have his heroes who went to the moon and all of that and they started to sort of critique what he was doing. And there was a tear in his eye that you know, I started this because those people inspired me and now they are tough on me.”
- Front Page
- Pure Politics
- Brands & Companies
- Learn more about our print editionMore
- Now, Tesla Rival VinFast Looks to Make in India
Vietnamese electric vehicle maker VinFast Auto – a deemed Tesla rival that emerged as the world’s third most valuable carmaker last month – is mulling setting up a manufacturing unit in India, multiple people aware of the development told ET.Festive Wave may Lift IIP Growth in Coming Mths
India’s industrial economy is expected to receive a festive bump, growing around 6% year-on-year in the next couple of months with improvement in monsoon rains, softening inflation, and election-related rise in spending adding to the festive sentiment.Desi Snack Packs are a $1b Bite for Haldiram’s
Traditional sweets and snacks brand Haldiram’s earned over a billion dollars from packaged snacks during FY23, as Indians prefer to munch more desi snacks instead of Western ones such as chips.
ETPrime stories of the day
6 mins read
7 mins read
10 mins read


text:
Bharti Walmart India – Kleptocratic Corp Attacks
December 27, 2012
Posted by on
Bharti Walmart India has used the old fashioned “Lobbying/Bribing” tactics to warp the laws that governs international business within the land so they they can easily move Chinese Goods through their system, and wipe out small businesses in the next 20 years. They intend to impoverish the people of the country at a whole new level, as many other corporations owned by the zealots are attacking at the same time. This is the ultimate form of warfare that involves surrounding the enemy from all sides, and they have absolutely no way out left.
Its only a matter of time till Bharti Walmart India takes hold in every state completely, and opens the complete flood gates of Goods from China. We have been lead into a trap where we have gotten used to cheap Chinese goods for the last 20 years, and many people have noticed that slowly in every sector that they can find these goods. Just like “Bata” which is another Zionist owned corporation that has been in the country even before so-called independence of India. We have been enslaved at a whole new level through the education system, and the fraudulent economic system that has been set up to serve the needs of the zealot. This will continue if this cult is not stopped in its tracks. They are master manipulators of the laws of the world which they used to feed on human blood through the economic system they installed all over the world.
Bharti Walmart India
Like Us on Facebook, Twitter and Google +
Join our Facebook Groups
1) No Walmart in India
2) No Bharti Walmart in India
3) Indians Hate Walmart
4) I hate Walmart With A Passion
5) Wake up India


text:
GLENVIEW, Ill. - The renowned Chicago-based company, Kraft-Heinz, is celebrating the 75th anniversary of its suburban Research and Development facility.
The Glenview "Innovation Center" has been an epicenter of food innovation since its inception in 1948.
To mark the historic occasion, employees and their families gathered on Friday for a grand celebration at the Kraft Heinz R&D Center. The event featured a museum exhibit showcasing Kraft-Heinz's pivotal role in shaping food trends throughout American history. Attendees enjoyed an array of food, games, and a captivating time-capsule ceremony.
Perhaps the highlight of the day was the presence of the iconic Wienermobile, capturing the imaginations of both young and old.
The Glenview Innovation Center holds a special place in the hearts of many as it birthed numerous culinary innovations over the years. Notable among these are the creation of Jet-Puffed Marshmallows in 1958, the introduction of Kraft Singles in 1965, and the launch of Philadelphia Soft Cream Cheese in 1979.
These inventions have become staples in American households and continue to influence food culture to this day.


text:
Trade Secret Theft Gets New Emphasis with DOJ Initiative, Case Seeking Export Ban
As part of an expanded effort against economic espionage, the Department of Justice recently filed its first-ever civil lawsuit seeking to prevent foreign companies from exporting to the U.S. goods manufactured using trade secrets stolen from the U.S. The DOJ also announced a new initiative to identify and prosecute more trade secret theft cases.
According to a DOJ press release, a federal grand jury has indicted a state-owned Chinese enterprise, a Taiwanese company, and three individuals on charges related to a conspiracy to steal, convey, and possess the trade secrets of a U.S. company for the benefit of a company controlled by the Chinese government. One of the individuals was president of a company acquired by the U.S. company who subsequently left for the Taiwan company, where he is alleged to have orchestrated the theft of trade secrets worth up to $8.75 billion. The Taiwan company then partnered with a Chinese state-owned company to produce goods that would compete against those made by the U.S. company in the global market. According to Assistant Attorney General for National Security John Rivers, these alleged actions took place “after the Chinese Central Government and the State Council publicly identified the development of that stolen technology as a national priority and funded a company to mass produce the cloned products.”
In response, the DOJ filed a civil action seeking an injunction that would prevent the China and Taiwan companies from transferring the stolen technology or exporting products based on it to the U.S. In addition, the Bureau of Industry and Security added the Chinese company to the Entity List to prevent it from buying goods and services in the U.S. in an effort to keep it from profiting from the stolen technology. The DOJ adds that the individual defendants face up to 15 years’ imprisonment and a $5 million fine for the economic espionage charges and 10 years imprisonment for the theft of trade secrets charges and that each company faces forfeiture and a maximum fine of more than $20 billion.
Federal Bureau of Investigation Director Christopher Wray said the conspiracy highlights that “no country presents a broader, more severe threat to our ideas, our innovation, and our economic security than China,” which “is determined to acquire American technology” using a variety of means, from “foreign investments, corporate acquisitions, and cyber intrusions to obtaining the services of current or former company employees to get inside information.”
As a result, U.S. Attorney General Jeff Sessions said he has ordered the creation of a China Initiative within the DOJ that will identify priority Chinese trade theft cases, ensure that the DOJ has enough resources dedicated to those cases, and make sure the cases are brought to an appropriate conclusion quickly and effectively. Sessions noted that the DOJ is already prosecuting five other cases where the theft or attempted theft of trade secrets was for the benefit of the Chinese government.
Sessions said the new initiative will focus on the fact that Chinese espionage is being directed against not only traditional targets like U.S. defense and intelligence agencies but also research labs and universities. If necessary, the initiative will recommend legislation to Congress. It will also address two major responsibilities of the department’s National Security Division: the Foreign Investment Review Staff’s review of investments and licenses in U.S. infrastructure and telecommunications and the Foreign Agent Registration Act Unit’s work to counter covert efforts to influence U.S. leaders and the general public.


text:
ORINDA — Street Feast, a weekly food truck event featuring craft beer and wine, live music and Cornhole, kicks off Thursday, Aug. 17.
During a two-month pilot program, mobile food vendors will offer savory dishes and sweet treats from 5 to 9 p.m. in front of the Orinda Community Center, 28 Orinda Way.
If the event proves successful, the City Council may extend Street Feast beyond the scheduled Oct. 19 end date.
Taste of the World Market, which puts on food truck events at venues across Contra Costa County, including at the Pleasant Hill-Contra Costa Centre BART station, partners with purveyors of American comfort food and international cuisine.
In addition to The Guzzler Bar on Wheels — a truck with craft beer and wine on tap — the grand opening Street Feast food truck lineup includes:
- Southern Comfort Kitchen
- Golden Gate Gyro
- Copper Skillet on Wheels
- Got Italian Ice
- Drewski’s Hot Rod Kitchen
- Street Steam Bunz


text:
The unemployment rate stood firm
The unemployment rate stood firm at 3.7 percent, the lowest rate in nearly a half-century, according to the BLS report issued Nov. 2.. U.S.A. nonfarm payroll employment grew by 250,000 jobs in October 2018, according to the latest figures from the Bureau of Labor Statistics.
October saw large gains in manufacturing (up 32,000 jobs), professional and business services (up 35,000), construction (up 30,000), leisure and hospitality (up 42,000) and health care (up 36,000), the BLS said.
Mining, however, gained only 5,000 jobs, and growth was flat in retail and wholesale trade, the agency said.
On Oct. 31, payroll services firm ADP Inc. released its own report, saying that nonfarm private employment in the U.S. grew by 227,000 jobs in October.
Large businesses (500 employees and up) accounted for nearly half the monthly growth, with 102,000 new jobs, ADP said.
There were 96,000 new jobs in medium-sized businesses (50 to 499 employees), but only 29,000 in small businesses (one to 49 employees), the company said.
Goods-producing businesses added 38,000 jobs, including 17,000 in manufacturing, 17,000 in construction and 4,000 in mining, according to ADP.
Service providers grew by 189,000 jobs, including 61,000 in trade/transportation/utilities and 36,000 in professional/business services, it said.
Franchise employment grew by 13,200 jobs in October, including 6,900 in auto parts and dealers, ADP said.
Industry pundits greeted the strong employment figures warmly.
“With 32,000 jobs added in manufacturing, and 296,000 total this year, averaging nearly 25,000 jobs per month, the numbers released today show U.S. manufacturers continue to grow and hire despite facing challenges, including a massive worker shortage and global uncertainty,” Chad Moutray, chief economist for the National Association of Manufacturers, said.
Scott Paul, president of the Alliance for American Manufacturing, also was pleased at the employment news, but still sounded a cautionary note.
“If there is any employment impact from tariffs or retaliation, it’s being more than washed away by the overall strength of the manufacturing economy,” Mr. Paul said.
“That said, tariffs alone aren’t going to keep manufacturing strong,” he said. “We need to see structural economic reforms in China, a better deal for workers through fairer trade agreements with Canada, Mexico and the European Union, as well as a renewed effort to crack down on exchange rate misalignment and manipulation,” he said.
Hiring is strong among the nation’s small businesses, according to the October 2018 Monthly Jobs Report from the National Federation of Independent Business.
However, 38 percent of employers responding to the NFIB survey reported job openings they could not fill during the month.
“The labor force is not growing quickly enough to satisfy the demand,” NFIB Chief Economist William Dunkelberg said.


text:
It is revealed that about 320 tons of gold is used every year to make mobile phones, laptops and other electronic devices.
The total value of all gadgets is over 10 billion.
At one meeting, however, about 15% of the garbage was recovered from e-waste.
Alexis Vandendaelen, Belgium-
Precious metals refining company, based in Umicore, said: \"Instead of looking at electronic products, it is better to look at electronic products.
Waste is a burden. We need to see it as an opportunity.
There are at least 85% of e-commerce in rich and poor countries.
The wasted gold is lost.
Experts said at the e-commerce Conference that manufacturing electronic products also consumes more than 7,500 tons of silver every year.
Waste College conference in Accra, Ghana.
If consumers want to continue to enjoy high consumption, more sustainable consumption patterns and material recycling are essential
Louis Neves, chairman of global e-commerce, said it supports everything from modern communications to smart transportation and smart buildings.
Initiatives for sustainable development (GeSI).
The meeting heard that electronic waste now contains \"deposits\" of precious metals 40 to 50 times richer than ore mined from the ground \".
It is said that with new developments such as tablets, the amount of gold occupied by gadgets is growing rapidly.
At 2001, they ran out of 5.
3% of the world\'s supply is about 197 tons.
This figure has risen to 7 by last year.
7%, or 320 tons-equal to 2.
Fort Knox and the Federal Reserve Bank of New York have 5% of U. S. gold reserves. Making high-
Technology equipment requires gold and silver worth £ 13. 5 billion -
Equivalent to the gross domestic product of El Salvador.


text:
With TouchCast, you can control what information boxes your audience will see onscreen while you shoot your videos.
Hacktivist group says it is unhappy that the president will not be addressing issues such as Aaron Swartz, Bradley Manning, and wireless wiretaps.
Lifetime helps you watch less television for women with your lady, New Yorkers get hosed on taxes, and Google and Yahoo launch new services and sites.
At the Cut&Paste Digital Design Tournament, digital designers of all stripes go head-to-head in front of a live audience.
Besides showing the president's State of the Union speech in real time, the government is also displaying various policy charts, stats, and data on its augmented live stream.
Odds and Ends: Webcast for using Software Restore
You could pay hundreds of dollars to see Paul McCartney and the Red Hot Chili Peppers, or you could see them for free. More music festivals are livestreaming their concerts without charge as the ultimate marketing tool. For music fans, it's a chance to rock out from the best seats in the house.
A total solar eclipse promises a special show for stargazers tomorrow -- the first to happen on Earth since mid-2010.
The water company didn't take the opportunity to capitalize on the newfound fame the Florida Republican brought after his State of the Union rebuttal error. Its Twitter accounts stayed dry.


text:
Taxation of ticket sales has been on the forefront with Branson leaders for years. Under a past administration, former Branson City Manager Terry Dody, attempted to collect city tourism levies on retail sales.
Until the Supreme Court ruling last year, Branson theaters paid tourism taxes in a Value Added Tax (VAT) method. Taxes for Branson venues were paid on wholesale prices which meant the city of Branson loses millions on the retail sale of tickets. The loophole has led many Branson companies to create corporations in Hollister creating a loophole where Branson theater and hotel owners to escape levies.
One real world example allows a business to setup shop 100 yards from city limits, sale tickets to a company under a corporate umbrella and reduce hotel and theater booking taxws 50%.
Supply, demand and actual cost of tickets eludes many tourists to our friendly city, so here's the rundown.
Most theaters offer wholesale tickets to vendors. Under contract, a theater ticket with a list price of $50.00 could be sold for $5.00 a ticket wholesale. Theaters have been collecting on the $5.00 ticket price and absorbing the tax on the wholesale amount. These tickets are often given away in exhange for timeshare tours or repackaged and sold embedded with Hotel and dining vouchers. Hybrids of the two aforementioned models are common as well and were addressed in the Missouri Supreme Court Decision viewable from the link posted above.
A political and lobbying organization, known as the League of Theaters, now subsidized through public funds, initiated a lawsuit claiming theaters shouldn't have to collect the tax due to the fact the tickets are being wholesaled. One of the initiators of the suit was Branson's Mayor. Before seated as Mayor,the Presley Theater dripped the suit but Music City Center pushed forward. Missouri's Supreme Court agreed with Music City Center and in their opinion addressed retail sales tax collection methods.
For Presley and friends the fruits of victory were sour. Six months afer the ruling, A meeting with Missouri's Department of Revenue enraged travel agencies. The ruling also backfired on the Theaters themselves as the Department of Reveune promised to audit theaters to chase down state taxes on retail sales.
The debacle forced three tax collecting entities to cough up tax dollars to fight the mess our city leaders private legal endeavors forced upon companies selling travel services.
Businesses in the area are being told to disregard Missouri's Supreme court decision and are pushing several measures to put a bill on Missouri's Assembly floor. Section two of House Bill 2040 reads:
" Because immediate action is necessary to prevent the imposition of sales and use taxes on items that are intended to be exempted or excluded from sales and use taxes, section A of this act is deemed necessary for the immediate preservation of the public health, welfare, peace, and safety, and is hereby declared to be an emergency act within the meaning of the constitution, and section A of this act shall be in full force and effect upon its passage and approval.;"(Full House Bill 2040 Text as Introduced)


text:
From the Editor: Up, Up and Away
Kristy NuddsFeatures Business & Policy Farm Business
Up, Up and Away
In the past few months, have you noticed an increase in your grocery
bill? Despite soaring costs for raw materials such as grains, a recent
article in the Globe and Mail entitled “Against the Grain” claims that
food inflation isn’t being felt in Canada – yet.
In the past few months, have you noticed an increase in your grocery bill? Despite soaring costs for raw materials such as grains, a recent article in the Globe and Mail entitled “Against the Grain” claims that food inflation isn’t being felt in Canada – yet.
Rapid increases in food prices have caused inflation to spike in many countries around the globe (according to the article, increases in food prices of four per cent, six per cent and 21 per cent in the U.S., Europe and China, respectively have occurred in the last year), sparking violent protests in many developing countries.
So why hasn’t Canada felt the same effect? The article says that Canada has experienced something unusual, a deflation in food costs. Upon closer examination, this isn’t really true and certainly won’t last. And it doesn’t bode well for supply-managed commodities should we lose out at the WTO.
It’s true that some grocery items, particularly produce, are cheaper, but this is due to our strong dollar in comparison to the U.S., where much of our grocery store produce originates.
There’s no doubt that food commodity prices are soaring – a Bank of Canada commodity index says they’ve actually risen more than 50 per cent in the past year – but retailers in Canada aren’t passing this along to consumers right now, in part due to strong competition from the new Wal-Mart “Supercentres.”
The article says that retailer duelling doesn’t tell the whole story. Of course, retailers cannot continue to eat profits. “Price controls imposed by marketing boards,” the article says, are playing a role at keeping costs down on dairy and poultry for now, and food prices may “be kept low because the country is producing so much of its own food – possibly too much.”
The article indicates that stable or falling pork and beef prices are due to an overcapacity of these products in Canada. What it completely missed was the reason for this.
Pork and beef are in an overcapacity right now because unlike supply-managed commodities, they have evolved in such a way that they were highly dependent on U.S. markets. With a faltering U.S. dollar and the BSE crisis, beef and pork now don’t have the market they enjoyed several years ago. It’s gotten so bad that the Government of Canada is paying pork producers to cull their breeding herds. It’s a perilous situation when a commodity in one country is so dependent on the economy of another to remain viable.
Overcapacity of red meat could have a significant impact on poultry meat products. Overcapacity causes a decrease in retail prices and, if prices decrease considerably, to compete, the price of poultry will have to respond accordingly if it is to remain Canada’s number 1 protein.
Canada’s strong dollar has already made over-quota tariffs ineffective and if supply management loses out in the sensitive/special products category at the WTO negotiations in the coming months, increased access to our market will cause us to find ourselves in similar peril to beef and pork.
Print this page


text:
I was speaking recently at the PROJECT Conference in NYC when a fellow panelist, Joseph Ferrara, Co-Founder of Resonance Companies, mentioned the fact that we should be paying close attention to the epic battle between Amazon and Walmart. In one corner, we have the undisputed heavyweight champion of online retailing. In the other, the biggest brick-and-mortar retailer in the world.
As I watched these titans’ online pricing war during last year’s holiday season unfold - which I documented in a previous Forbes article - I began to wonder if the victor really will be decided by whoever wins the price battle. If so, how will it play out? One wins and then jacks up the price as soon as the other is mortally wounded? Or are there other factors in play?
Ultimately, I believe there are three things that will determine the eventual winner (or maybe more importantly, the loser):
1) Amazon and Walmart: Know thyself - and your customers
As a whole, retailers need to step back and figure out who they truly are and how they serve their specific set of customers. This is a challenge when you choose products and assortments based on emotion, intuition and a fear-driven management style. Then, after being wrong long enough, these executives jump ship, only to repeat the same cycle every 2-3 years.
The only people winning are the headhunters and of course the executives landing the ridiculously high-salary jobs just to cover the fact that they can’t be assured long-term job security.
Retailers: Stop the madness! Use data to make decisions.
This is where Amazon is ahead of Walmart - for now at least. Amazon is well-known for its algorithmic approach to presenting particular products to its customers, as well as using real-time data to fuel dynamic pricing. Walmart, on the other hand, has lagged behind significantly when it comes to building a robust online platform that can even come close to Amazon’s. The absence of an online platform that can collect the volume and quality of consumer data needed for stronger decision-making has set Walmart back.
As the Wall Street Journal pointed out, Walmart’s e-commerce sales in 2015 totaled about $14 billion, which was just 3 percent of its $482 billion in total yearly revenue. As a comparison, Amazon’s sales hit $107 billion last year, a figure that includes its web-service division.
Walmart’s recent $3.3 billion acquisition of Jet, however, gives it a platform to compete with Amazon online, a sign that the retailer understands that it can no longer afford to have e-commerce be so dramatically subordinate to its core business. The acquisition of Jet solves some key problems for Walmart. Jet offers lower prices than Amazon by being a distributed marketplace of sellers rather than holding its own inventory. It’s also very data-savvy, taking into account things like customer shopping data, the basket size of each order and the particular merchandise it sells. With continued development, Jet should make Walmart’s e-commerce efforts much smarter and more aligned with what customers really want.
2) Total supply chain mastery matters
The goal for both Amazon and Walmart is to create a seamless shopping experience that blends the best of an in-store experience with a powerful and convenient e-commerce platform. People want to have complete flexibility in how they shop.
Amazon and Walmart are in a dead heat right now when it comes to supply chain expertise. Walmart has perhaps the best physical distribution and retail network in the world, while Amazon is the clear leader in the online space. Right now, each company has something the other wants and needs to be the total package.
So here’s the billion-dollar question: Will Amazon be able to build a massive distribution network and physical stores that beat Walmart’s before Walmart can add major digital capabilities to its own supply chain and fuse it with its stores? Inventory positioning will be key in order to implement same-day delivery. That will require accurately predicting demand by geography and by customer segment.
I believe this battle will be won based on who can take new customer data and use it to build a supply chain that will help them serve consumers exactly how they want to be served. Despite recent moves, neither company is excelling over the other at this right now.
3) Claim new turf and dominate it
When the opponent is of equal strength and capability, one must change the environment to his or her advantage. It will be imperative for one of these two competitors to change the battlefield. Online has been won by Amazon, brick-and-mortar stores by Walmart. What could be the new major battleground?
Some potential war zones are mobile, augmented reality and virtual reality. But when it comes to Amazon and Walmart, it’s another tie on all fronts.
In recent years, neither has demonstrated the innovation they were once known for, leading the rest of the retail pack into new territory. More niche retailers like Lowe’s and
If either Amazon or Walmart is destined to come out on top, it has to come from a massive innovation push, a willingness to make mistakes and an effort to transform yet again.
By the way, these three points apply to all retailers and brands. So if you’re an investor, you should ask your portfolio companies what their strategies are in these three areas. If you are an executive of a retailer or brand, I’d do the same.
If you don’t get good answers, it just may be time to move on.


text:
Got a morning sweet teeth and a resistance to cavities? Taco Bell is testing stuffed doughnut holes made of Cap'n Crunch Crunch Berries cereal.
The N3 is definitely an upgrade to the N1, but its unadventurous body means you'll really only want this for the innovative camera.
The tech giant has been using N-trig's styluses for its Surface tablet line, which is now a billion-dollar business.
The 16-megapixel snapper on this smartphone rotates when you swipe its screen, allowing for extremely high-res front-facing photos. We go hands-on.
Countless permutations on specs and even the phone's OS mean that there's no one way to get a Pixi.
Barnes & Noble will acquire all of Microsoft's stake in Nook Media for $62.4 million in cash and 2.7 million shares of B&N stock.
Nokia's phone business belongs to Microsoft now, so it's made an affordable 7.9-inch tablet with Android Lollipop and a high-res screen.
Pricing not available
One developer and statistics pro has turned his eye to what makes up the music of Guns N' Roses, proving that when it comes to 80s rock, the hair was high, but the standard deviations were higher.
Nokia's first mobile device since selling off its phone business to Microsoft draws a lot of inspiration from Apple's iPad.
Longtime BioWare fan, first-time Mass Effect fan. Crave's Kelsey Adams finds N7 gear is a passport to a secret society.


text:
The heating industry is becoming increasingly digital, as evidenced by several new types of remote-control devices that were on display in the Energy halls of this year’s ISH, the world’s leading trade fair for bathroom design, building services, HVAC systems and renewable energy. The event, which took place in early March in Frankfurt, Germany, attracted 2,532 exhibitors and 190,000 attendees, 5 % fewer than two years ago. In the photo, which was taken at the stand set up by German boiler and collector manufacturer Viessmann, a huge screen shows what smart home systems could look like in the future.
Photo: Bärbel Epp
A key element of Viessmann’s new digital services is Wibutler pro, a cross-platform smart home app, which not only sets the parameters for the heaters in the house but also connects the interior lights to the window covering or to the washing machine if it is hooked up to a tap drawing hot water from a solar-heated storage tank. Wibutler can be used with multiple wireless standards, such as EnOcean, Z-Wave, ZigBee and Wi-Fi. “Buyers of our solutions benefit from optimised heat management,” said Felix Redepenning, Media Relations Officer for Wibutler at Viessmann. “Our devices communicate with the boiler and the temperature sensors in all rooms to make sure that the system generates only as much heat as is required at any given time.”
The product was developed by another company between 2012 and 2018. Last spring, that business was bought by Viessmann. Even under new ownership, those who designed Wibutler have remained partly independent to be able to continue working with other heating component manufacturers on adapting their products to communicate with the platform. They include Paradigma, Resol, Remeha and Wolf. The clear advantage of the solution is that installation companies have to get used to only one app and one platform. The open standard allows installers to integrate other products within a do-it-yourself menu and to keep up with customers’ growing demands for home automation.
Turkish manufacturer Bural’s new app for thermosiphon systems
Another exhibitor at the ISH was Turkish solar collector manufacturer Bural Solar. The company used the fair to launch an app called Bural Smart Thermosiphon SWH. “Our application lets you control the electric backup unit of your thermosiphon water heater on your PC or smartphone,” explained Kutay Ulke, International Sales Manager at Bural. As the price of electricity has been on the rise all over the world, the app helps owners of thermosiphon systems minimise electricity use for backup units. App users can turn electric elements on or off and use different profiles, such as ‘On holiday’ or ‘Be home late’, to prevent electric backup systems from running in the evening. The program transmits data on storage tank temperatures in real time and displays a week’s worth of information about demand for backup power. It also has a remote-control function to notify users by email or text of any technical problem. Bural started rolling out the new software solution after the ISH.
Smart thermostats improve thermal comfort
German solar thermal controller manufacturer Sorel also exhibited at the ISH, showing its new brand Caleon. This line of smart thermostats equipped with a touchscreen lets building owners easily adjust temperatures in several rooms at once by using only one device. The units transmit data over Z-wave plus, a wireless communication protocol mainly used for home automation, to allow homeowners to choose from thousands of comparable products when it comes to the rest of the equipment.
Organisations mentioned in this article:


text:
According to the recent study, about 30 percent of heart attacks, strokes and deaths from heart disease can be prevented in people at high risk if they switch to a Mediterranean diet rich in olive oil, nuts, beans, fish, fruits and vegetables, and even drink wine with meals.
A systematic review ranked the Mediterranean diet as the most likely dietary model to provide protection against coronary heart disease. Small clinical trials have uncovered plausible biologic mechanisms to explain the salutary effects of this food pattern.
The study also confirms that the diet common in southern European countries such as Greece, Spain and Italy, which involves consuming a lot of fruit, vegetables, fish and wine, and only small amounts of red meat or dairy products, offers protection against heart problems.
“The results of our trial might explain, in part, the lower cardiovascular mortality in Mediterranean countries than in northern Europe or the United States,” the authors conclude. The risk of those on the diet having a stroke was significantly reduced, they found.
The diet helped those following it even though they did not lose weight and most of them were already taking statins, or blood pressure or diabetes drugs to lower their heart disease risk.
Compared with those eating the low-fat diet, the extra-virgin-olive-oil group showed a 30% lower risk of having a heart attack, stroke or dying of heart disease after five years, while those consuming the Mediterranean diet with more nuts showed a 28% lower risk of these outcomes.
“Really impressive,” said Rachel Johnson, a professor of nutrition at the University of Vermont and a spokeswoman for the American Heart Association.
“And the really important thing — the coolest thing — is that they used very meaningful endpoints. They did not look at risk factors like cholesterol or hypertension or weight. They looked at heart attacks and strokes and death. At the end of the day, that is what really matters.”
Eligible participants were men (55 to 80 years of age) and women (60 to 80 years of age) with no cardiovascular disease at enrollment, who had either type 2 diabetes mellitus or at least three of the major risk factors.
Those factors include smoking, hypertension, elevated low-density lipoprotein cholesterol levels, low high-density lipoprotein cholesterol levels, overweight or obesity, or a family history of premature coronary heart disease.
In the study, the participants in the Mediterranean diet groups agreed to replace red meat with white meat like chicken and eat three or more servings of fish each week, along with three or more servings of fruit and two or more servings of vegetables a day.
One group assigned to a Mediterranean diet was given extra-virgin olive oil each week and was instructed to use at least 4 four tablespoons a day.
The other group got a combination of walnuts, almonds and hazelnuts and was instructed to eat about an ounce of the mix each day. An ounce of walnuts, for example, is about a quarter cup — a generous handful, writes the NY Times.
Still, the findings add to the body of evidence that suggests the Mediterranean diet can play an important role in protecting the heart, and should guide doctors and patients who want to avoid heart disease toward eating the foods that can help them the most.


text:
Hyundai Material Handling has released new diesel and electric forklift models for the North American market.
The new offerings include the battery-powered B-X series that takes advantage of lithium-ion battery technology to provide longer run times, reduced charging times and zero emissions.
The B-X forklifts come with a lithium battery and charger, and an optional lead acid battery.
The company unveiled its new 9V series of forklifts, which includes more durable transmissions and drive axles and enhanced driving comfort.
The company says its 25/30D 35DN-9V diesel pneumatic forklift series features a Hyundai diesel engine that meets all Environmental Protection Agency (EPA) Tier 4 regulations.
The 9V series is available in 5,000, 6,000, and 7,000 lb. (2.3 T, 2.7 T and 3.2 T) capacity, as well as the heavy-duty 22,000 lb. (10 T) capacity 100D-9V with a Cummins diesel engine.
Hyundai Material Handling also announced refreshed models of its LC-9 (LP Cushion) series as well as its Class III products, which includes electric and manual pallet jacks and straddle stackers.
Hyundai Material Handling chief operating officer Lewis Byers says: “We’re extremely pleased and proud to offer these new state-of-the-art, high-quality products.
“Our new series exemplifies Hyundai Material Handling’s commitment to fulfilling the needs of our dealers and their customers.”


text:
Restaurants Canada estimates that 800,000 foodservice jobs have already been lost nationwide due to COVID-19 and might not return if current conditions continue.
Canada’s $93 billion foodservice industry represents 4% of the country’s GDP and many run in tandem or share sites with c-stores and gas stations.
Nearly 10% of the country’s restaurants have already closed permanently, and many more might close by the end of April if conditions don’t improve.
With businesses now struggling to pay rent and other bills due in April, the national association has conducted a survey to shed light on the state of the industry. Responses from foodservice operators across the country revealed:
- Four out of five restaurants have laid off employees since March 1.
- Seven out of 10 foodservice operators will further cut back on staff hours or lay off more employees if conditions do not improve.
- Nearly one out of 10 restaurants have already closed permanently and another 18% will permanently close within a month if current conditions continue.
“Not only was our industry among the first to feel the impacts of COVID-19, we’ve been one of the hardest hit so far, with nearly two thirds of our workforce now lost,” Shanna Munro, Restaurants Canada president and CEO, said in a statement. ”In our 75 years of existence as Canada’s national foodservice association, these are by far the worst numbers we have ever seen.”
If conditions do not improve, Restaurants Canada estimates that foodservice sales will be down nearly $20 billion for the second quarter of 2020.
“Restaurants are vital to the social and economic fabric of communities across Canada, but operating a food service business is tough, even in the best of times,” said Munro.
In response hundreds of restaurant owners are being joined by celebrities and culinary leaders to support a new initiative - Canada Takeout. It kicked off last week and every Wednesday from here on out is to be Takeout Day.
Canadians are encouraged to order from their favourite local restaurant offering takeout or delivery. In tandem, Canada’s Great Kitchen Party — Home Edition is hosting a variety show on Facebook live, featuring musical entertainment an d appearances by celebrated athletes.


text:
Aldi Marks 15 Years in Hungary
German-owned discount chain Aldi marked the 15th anniversary of its first store opening in Hungary on Tuesday, according to a report by state news wire MTI.
Aldi noted that it now has 164 stores in 87 cities and towns around the country. It has more than 6,000 people on payroll.
The company has plowed HUF 240 bln into its business in Hungary, including HUF 188 bln in real estate. In the last year alone, Aldi has created over 1,300 positions, at its stores and warehouses, and in IT.
Aldi now works with over 260 local suppliers whose products account for around 60% of shelf stock. All of the retailer's fresh, unprocessed poultry, pork, and beef are from local farms.
Aldi Magyarország had net sales revenue of HUF 315 bln in 2021, public records show.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.


text:
IoT is, by definition, a decentralized network of devices, and it’s become clear that thinking about security and connectivity the way they work in closed IT environments doesn’t work all that well for IoT — especially for Consumer IoT applications. Over the last few years, many leading thinkers in IoT and network security have been looking at how the inherently distributed design of blockchain might marry with the needs of both consumers and enterprise users in a more effective and natural design.
Well, one company is putting their money where that thinking leads. Helium has spent several years deploying publicly available LPWAN network connectivity across the U.S. and the world by selling consumer-deployed hotspot devices that allow IoT edge devices to link to the low-power wide-area network. The company says that only about 100 devices would be enough to cover most cities.
In recent news, San José, California, announced in September that it had launched an infrastructure initiative to bring Helium’s “The People’s Network” to its citizens to enable Consumer IoT applications throughout the city. This makes San José the first city to officially join the Helium blockchain-based network.
The company first started selling its IoT hotspots in 2019, and since its launch, more than 46,000 of the devices have gone live across 75 countries and 5,000 cities globally.
One secret to their success has been that, while the devices create publicly available IoT connectivity networks, the individual consumers can use them to mine a custom blockchain-supported cryptocurrency called Helium Network Tokens (HNT), which can be converted into dollars for the owners.
According to coverage in EETimes, the company’s next phase will be to roll out a CBRS 5G gateway that will allow consumers to augment and support their own mobile 5G coverage while still enhancing the public network and mining HNT. Helium said in April that it is “talking to a tier-one U.S. carrier” about allowing its customers to roam on the Helium 5G hotspots.
Of course, all of that is interesting, but what does this merging of IoT, public network, and blockchain mean for security across the industry?
The answer is in the fundamental limits of computing itself. Blockchain works through what’s called “proof of work” that uses the fact that any single computing device (i.e., a CPU) can only be solving one operation at a time to be as fast as possible at each computation. Therefore, each cryptocurrency miner can only be working for one identity at a time, so each “coin” is traceable to a single unforgeable identity. This identity verification is relevant, of course, to IoT. Still, to make it even more usable and tailored to radio network identity, Helium has also based its identity proof of workaround location. Each of its gateways can only claim one unique location. Once the operations are verified and identity is shown to be trustworthy, the user and the network are off and running. Helium thereby has designed a blockchain around a self-verifying network of gateways that provides message provenance, microtransactions, and open access to anyone.
Is this the future of low-power connectivity for Consumer IoT and Industrial IoT use cases? I can’t say for sure, but it’s a more promising and forward-thinking solution than I think I’ve seen to the extremely challenging joint problems of Consumer adoption and secure IoT communications.


text:
NEW YORK -- Nike Inc. has narrowed its search for a site to house its first Nike Town store in Manhattan to four locations, according to Larry Hohl, vice president of retail.
Although Hohl would not reveal the sites, real estate sources say Nike has been focusing on the 57th Street area, around Fifth and Madison Avenues.
According to Hohl, some of the locations are still occupied.
One site reportedly under consideration is the IBM gallery at 57th Street and Madison.
One site Nike apparently will not get is the Bergdorf Goodman Men's store on Fifth Avenue, between 58th and 57th Streets. Nike approached Bergdorf's, but was rebuffed.
Reports about Nike and BG Men's spread Thursday when New York magazine issued a release saying that its Intelligencer column in the Feb. 28 issue will include an item about Nike and the BG Men's site.
Burt Tansky, Bergdorf's chairman and chief executive officer, acknowledged to WWD that Nike approached BG Men's and said, "We turned them down flat. The men's store is doing terrific."
He said there are no plans to shut it down.
"We're considering a couple of sites at this time, but that's not one of them," said Hohl, adding that it's possible a real estate broker working in Nike's behalf may have approached BG.
"We haven't signed any leases. We're rumored to be going into spaces almost on a weekly basis. It's typically true 5 percent of the time. A prominent space opens up, Nike must be mentioned in the same conversation and the next thing you know we're moving in there even though we've never even talked to the people." Nike Town has four stores, one each in Chicago; Atlanta; Costa Mesa, Calif., and Portland, Ore.
“I was touched by the fact that she lost her father, really before his time, and it was a real shock. She had two young children, she was married and she was expecting that she would have her own life for a good 25 years,” said Claire Foy about playing a young Queen Elizabeth in Netflix’s The Crown. Styled by @mayteallende 📸@jgreenery #emmys2017 #wwdeyeu
“Truth and lies have become a real interesting theme, more than ever, lately,” Emmy nominee Laura Dern told WWD. "It’s a very interesting time to use our voice." Styled by @cristinaehrlich, 📸 @shayanhathaway #wwdeye #emmys2017
“It transcends the genre that is you think of a sci-fi show — you don’t expect it to be so profound or emotionally riveting,” Evan Rachel Wood told WWD of her Emmy nominated role in Westworld. styled by @samanthamcmillen_stylist 📸 @emmanmontalvan #emmys2017 #wwdeye


text:
Pampanga’s indeed the country’s culinary capital. We don’t only pride ourselves on our delicious food but also on the ‘largest’ the food industry has to offer.
If you’re passing along the Capitol Boulevard in Santo Niño, City of San Fernando, you probably have noticed the huge McDonald’s branch that’s being built in the area.
Located where the former Pampanga Sugar Development Company (PASUDECO) was erected, the largest McDonald’s store in the country is part of the Capital Town, a 35.6-hectare integrated urban township developed by the Megaworld Corporation.
If you wanna experience the latest food destination in the city, mark your calendars because the McDonald’s Capital Town branch is set to open on December 7, 2020.
Be ready to order your McDo favorites, and don’t forget to practice social distancing when you dine-in, of course!
Curious what’s inside the Philippines’ largest McDonald’s store? See more photos here!


text:
Austere 2014 budget gives auto sector a boost
by Craig Wong, THE CANADIAN PRESS
Harper government also spending $631 million over the next two years to help build a new Detroit-Windsor crossing
OTTAWA—Ottawa is helping Ontario’s battered manufacturing sector with more than $1 billion in spending over the next two years to help the auto industry and build a new bridge to the U.S. at Windsor, Ont.
The federal budget Tuesday called for spending $631 million over the next two years to help build a new Detroit-Windsor crossing.
“Our investment in the new Windsor-Detroit crossing means Canadian goods will get to market faster, allowing businesses to grow, expand trade and help secure a prosperous future,” Finance Minister Jim Flaherty said.
The commitment includes $470 million in new funding and is up from a plan to spend $25 million over three years in last year’s budget to help advance the project.
The Windsor-Detroit trade corridor handles roughly 30 per cent of Canada-U.S. trade by truck, the government estimates.
Delays in crossing the border are a major headache for the auto industry, which relies on the timely delivery of parts and other supplies to keep their production lines moving.
Southwestern Ontario also stands to benefit from an additional $500 million over two years being added to the Automotive Innovation Fund.
The cash injection for the fund comes as Chrysler contemplates a billion-dollar upgrade to its minivan plant in Windsor. The automaker has been in talks with the federal and provincial governments about an incentive package to help offset what it says are higher costs in Canada.
The downturn in the economy during the recession and the strong Canadian dollar hammered Ontario’s manufacturing sector leading to thousands of jobs lost. However, the U.S. economy has started to gather steam and the loonie has fallen in recent weeks, both positives for the factories producing goods destined for export.
Broadly, the budget contained little new spending for businesses and while it pledged no new taxes on business, it did close a number of tax loopholes including the use of certain derivatives.
The government also promised to provide $28 million over two years to the National Energy Board to help in the review of the projects including TransCanada’s Energy East pipeline within the legislated timelines.
The tariff on mobile offshore drilling units will also be permanently eliminated. Their duty-status was set to expire this year.
Many of the changes proposed in the budget did not carry a price tag, including encouragement of internal trade between the provinces.
The federal government has also proposed to bring the regulation of over-the-counter derivatives under its Co-operative Capital Markets Regulator, once it is operational.


text:
LANSING, MICH. -- Shopping for gear, beer and other Michigan-made goodies now comes with a potential perk: giving back to Michigan’s great outdoors.
The Michigan Department of Natural Resources’ “These Goods Are Good for Michigan” campaign features partnerships with businesses seeking to sell products specially designated to raise funds for state parks, trails and waterways.
Since launching in 2017 with its first partner, Traverse City-based winery Chateau Grand Traverse, the campaign has raised more than $100,000 for state park facilities and programs. Over the years the campaign has grown to include other Michigan-made products like beer, outdoors gear and apparel, coffee beans, and even insect repellent.
“It’s kind of just been an organic growth,” said Maia Turek, resource development specialist for the DNR. “Every time we add a new partner, several more partners connect with us.”
Turek said each partnership begins with a conversation between the DNR and that particular business to find out what aspect of Michigan’s parks are important to them, such as trail maintenance or accessibility.
“Every one of those businesses has chosen something different that they or their staff are passionate about,” she said. “It feels like matchmaking.”
“These Goods Are Good” products right now include vintage-inspired state park stickers from Yooper Shirts, specialty coffee from M36 Coffee Roasters, and Bob Ross’ “Happy Little Trees” themed T-shirts from the company Peninsulas.
The most recent addition to the line-up was the service Arrive, an outdoors gear rental company now donating 10 percent of its affiliate-link proceeds to Michigan state parks.
The program aims to be a win-win not only for the DNR and their partnering businesses, but also for consumers who love Michigan’s state parks.
“You can feel good about knowing where you’re spending money,” Turek said. “You can feel good about knowing where those funds are going, and that it helps something that you’re passionate about as well.”
Shoppers can find a list of current partners, which can change from year to year, or even seasonally, on the DNR’s These Goods Are Good for Michigan page.


text:
Nine people from Thailand have been jailed for up to two-and-a-half-years for their part in exploiting women who were advertised in "online brothels". They are thought to have made millions of pounds from women trafficked from Asia to the UK for use in the sex trade.
Every night thousands of men trawl websites in the UK advertising women offering sex for sale.
Many of them are run by prostitutes, or escorts as they often like to describe themselves, who are essentially self-employed entrepreneurs using the internet to cut out the pimps.
But some are advertising women who have been trafficked into the country and are being exploited for profit.
Oriental Gems was one such "online brothel", which as its name suggested, specialised in girls from the South East Asia.
A gallery on the site showed photographs of more than 60 naked and semi-naked women. Many of them were effectively commodities who had been traded and invested in by "bondholders".


text:
Tiny Diamond Trolls: ‘Canary Diamond’ is a “Toxic Waste”
The world’s smallest diamond trolls have created a giant diamond lake with an intricate system of canaries.
The trolls created the lake in a small diamond mine in Canary, Australia.
A video posted on Instagram shows a large yellow canary in the lake.
Canary diamonds are usually considered a “toxic waste,” according to the US Department of Energy, and the government is working to stop the production.


text:
American streetwear brand, Supreme known for its super-limited drops, has recently unveiled its newest Spring/Summer 2020 collection which includes apparel, accessories and the surprisingly Oreo cookies.
These come in a pack that includes 3 cookies at a retail price of $8.
After going on sale at Supreme’s New York store on February 20th, the red and white Supreme-branded Oreo cookies have now hit the secondary market, with bidding for a pack on eBay at more than R466 000.
Mhmmm…. maybe call it crazy food flex for hypebeasts.
The big question is would you even spend that crazy amount for Supreme x Oreo cookies?
Supreme has taken a lead in the streetwear world showcasing their famed boxed logo on almost everything, from skateboards, Bricks, to fire extinguishers and T-shirts. And their seasonal collections have always been hyped across the world and it’s correct to say that without exception most of their items sell out instantly.
So, without a doubt, you can expect one of the hypebeasts to surely snatch these cookies.