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Steve Bosserman

Work In Retail? There's A Robot Getting Ready To Take Your Job - 0 views

www.fastcompany.com/...getting-ready-to-take-your-job

robotics retail employment

shared by Steve Bosserman on 20 May 17 - No Cached
  • Wilson says cashiers–74% of whom are women–are likely to the first overtaken by the automation wave. Also likely to be affected are retail salespeople, who may not be needed as shoppers increasingly consult their phones for information about sizes, colors, and availability. “Smartphones have all kinds of information about the products you want to buy, so the need for salespeople is considerably less,” he says.For example, Bloomingdale’s has tested smart fitting rooms with wall-mounted tablets allowing customers to scan items and view other colors and sizes and receive recommendations to “complete the look.” Home Depot says four self-checkout systems occupy the space of three normal aisles and obviate the need for two human cashiers. Amazon’s Go concept stores have no cashiers at all, enabling shoppers to pay for everything through their phones.
Steve Bosserman

Modern grocery and the emerging-market consumer: A complicated courtship | McKinsey & C... - 0 views

www.mckinsey.com/...nsumer-a-complicated-courtship

emerging markets grocery stores supermarkets food distribution

shared by Steve Bosserman on 19 Oct 16 - No Cached
  • In the 1990s, the term “modern grocery retail” was essentially a proxy for a small group of multinational grocers including Ahold, Aldi, Auchan, Carrefour, Costco, Lidl, Metro, Tesco, and Walmart. It was widely presumed that these retailers’ entry into any market would lead to the demise of the traditional trade—the family-owned grocery chains, small independent stores, and informal merchants that at the time accounted for the vast majority of grocery sales in emerging markets. The prevailing expectation was that although there would be local differences due to cultural specificities, in every country the retail landscape would eventually consist of a combination of modern formats: full-line supermarkets and hypermarkets, convenience stores, and discounters. These assumptions have been proved wrong. Global grocery giants are struggling to grow profitably in many emerging markets. Traditional trade has proved remarkably resilient. And the market and channel structures taking shape in individual emerging economies are distinct from one another, following no obvious pattern.
Bill Fulkerson

Retail Chains Abandon Manhattan: 'It's Unsustainable' - The New York Times - 0 views

www.nytimes.com/...nyc-economy-chain-stores.html

New York retail

shared by Bill Fulkerson on 12 Aug 20 - No Cached
  • Bill Fulkerson on 12 Aug 20
     
    Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere.
Bill Fulkerson

Anatomy of an AI System - 1 views

anatomyof.ai

AI amazon

shared by Bill Fulkerson on 14 Sep 18 - No Cached
  • Bill Fulkerson on 14 Sep 18
     
    "With each interaction, Alexa is training to hear better, to interpret more precisely, to trigger actions that map to the user's commands more accurately, and to build a more complete model of their preferences, habits and desires. What is required to make this possible? Put simply: each small moment of convenience - be it answering a question, turning on a light, or playing a song - requires a vast planetary network, fueled by the extraction of non-renewable materials, labor, and data. The scale of resources required is many magnitudes greater than the energy and labor it would take a human to operate a household appliance or flick a switch. A full accounting for these costs is almost impossible, but it is increasingly important that we grasp the scale and scope if we are to understand and govern the technical infrastructures that thread through our lives. III The Salar, the world's largest flat surface, is located in southwest Bolivia at an altitude of 3,656 meters above sea level. It is a high plateau, covered by a few meters of salt crust which are exceptionally rich in lithium, containing 50% to 70% of the world's lithium reserves. 4 The Salar, alongside the neighboring Atacama regions in Chile and Argentina, are major sites for lithium extraction. This soft, silvery metal is currently used to power mobile connected devices, as a crucial material used for the production of lithium-Ion batteries. It is known as 'grey gold.' Smartphone batteries, for example, usually have less than eight grams of this material. 5 Each Tesla car needs approximately seven kilograms of lithium for its battery pack. 6 All these batteries have a limited lifespan, and once consumed they are thrown away as waste. Amazon reminds users that they cannot open up and repair their Echo, because this will void the warranty. The Amazon Echo is wall-powered, and also has a mobile battery base. This also has a limited lifespan and then must be thrown away as waste. According to the Ay
Bill Fulkerson

Fed's massive 'Main Street' business rescue in danger of fizzling - POLITICO - 0 views

www.politico.com/...rve-main-street-program-297149

business fed rescue danger

shared by Bill Fulkerson on 03 Jun 20 - No Cached
  • Bill Fulkerson on 03 Jun 20
     
    Under the program, expected to be rolled out this week, companies will also face unwelcome curbs on stock buybacks, dividend payments and executive pay. And the sheer length of time it has taken to start the program - two months - has already forced many firms to seek alternatives. That has left industries divided, with manufacturers eager to tap the loans but retailers wanting more, as many businesses face the prospect of extensive layoffs or even bankruptcy.
Steve Bosserman

Hometown Proud: IGA's Business Model Brilliance - 0 views

tedium.co/...lliance-history-hometown-proud

food retail business models grocery stores

shared by Steve Bosserman on 23 Nov 18 - No Cached
  • And it’s all out of a desire to maximize profits. But what if, like IGA, newspaper companies didn’t solely exist to maximize that profit, but to respect the value of the local community? What if Gannett decided to donate one of its papers to a local philanthropist who has a larger stake in the community than Gannett does? Gannett could help run some of the most profitable and technical functions, but the company would otherwise be hands-off on how to control the paper. It could offer some guidelines, but the destiny’s in the community’s hands.
  • That approach is what IGA does, largely. The store stays in local hands, with local interests, and local history. IGA helps them keep up with trends, without losing track of the store’s identity in the process.
  • And, largely, it works. It really should be studied in business books.
Steve Bosserman

Sainsbury's launches £1.50 edible insect range in UK supermarket first - 0 views

news.sky.com/...-uk-supermarket-first-11556476

entomophagy food retail marketing

shared by Steve Bosserman on 24 Nov 18 - No Cached
  • "We're on a mission to show the West that as well as having very strong sustainability and environmental credentials, they are also seriously tasty and shouldn't be overlooked as a great snack or recipe ingredient."Sainsbury's and EatGrub say insects are more popular than might be expected, with a survey finding that 10% of Britons have tried them and more than half of those have enjoyed them.
  • Eat Grub says dried crickets contain more protein per gram than beef, chicken or pork - with 68g of protein per 100g, compared to 31g of protein in beef.Edible insects are also said to be more sustainable than other meat, taking up less land and requiring less animal feed than livestock.
  • Food policy manager at WWF Duncan Williamson said edible insects could help reduce shoppers' carbon footprint.He said: "As the population increases, we urgently need to look at alternative protein sources to make the most of land available for food production."
Steve Bosserman

What is the gig economy? - The Washington Post - 0 views

www.washingtonpost.com/...8-ad8f-27a8c409298b_story.html

shared by Steve Bosserman on 12 May 18 - No Cached
  • The unemployment rate is at a 17-year low, but stagnant wages, chronic underemployment and growing inequality are leading more Americans to take on so-called side hustles. Some want to supplement their incomes. Others are just trying to eke out a living. Nearly 1 in 4 Americans now earn money from the digital “platform economy,” according to the Pew Research Center. Most of that work is for domestic tasks, such as housecleaning and repairs, or driving for companies such as Uber.
  • But labor experts say companies such as Snag Work could set a dangerous precedent. Employers are already wary of hiring full-time employees because of overtime and health-care costs, they say, and having a pool of potential gig workers at the ready could make matters worse for those seeking the stability, benefits and protections that come with full-time work.
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