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Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. But are these incentives worth packing a moving van?
With the pandemic’s turbocharged acceleration of remote work options, many employees have sought to capitalize on the lack of personal supervision by secretly working two (or more) full-time jobs.
There’s a land rush happening — and it’s not in New York City or Beverly Hills. Professional real estate agents, and celebrities are buying up land that doesn’t even exist in the real life.
How a ski lodge became trapped in a border dispute.
Demand for raw materials in the paint industry soared over the pandemic as quarantined consumers took to DIY projects and home improvement.
Contrary to what the average consumer may believe, there are no cars that are completely American made.
Today, it’s easy to take big glass windows and doors for granted, whether they show up in commercial buildings or in our homes.
n the past year a new trend in the crypto world has boomed: NFTs, or non-fungible tokens.
When buying a respirator mask on Amazon, it’s tough to know you’re getting a good one. WSJ put eight N95 and KN95 masks to the test and found not all tested at the required 95% filtration efficiency
Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are limiting housing supply.
In the last week of 2021, more than 1,000 flights in the U.S. were canceled each day
New high-tech Covid-19 tests promise better and earlier detection of the virus—similar to a PCR test.
Blockchain may one day eliminate inefficiencies and lack of transparency in supply chains. While slow in coming, this revolution would benefit not only customers and brands, but the “invisible" worker
The multi-billion-dollar patent war over the mRNA coronavirus vaccine has grabbed the attention of the likes of many leaders.
Starting in February, U.S. cellular carriers will begin to shut down 3G.
North Face has competed in the space outfitting mountain climbers and skiers. But the outdoor recreation brand is now hoping to become a significant player in the $185 billion streetwear market.
Airlines canceled some flights before a new 5G wireless service rolled out, even after Verizon and AT&T agreed to limit the signal around U.S. airports.
In 2021, airlines were on track to record more cases of air rage than in the past 30 years combined.
Electric vehicle growth will be responsible for more than 90% of demand for lithium by 2030. But today, the U.S. is far behind, with only 1% of global lithium being mined and processed in the USA.
Here's the rise and fall of some of the biggest brands from the 70s, 80s and 90s.
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"Die of Success? Give me a break. We've only just started." - Amancio Ortega, Zara's Founder
Continuing our global journey to learn something new our next stop is the retailer Zara. As of January 2023, the Inditex group which includes Zara operated nearly 6,000 stores worldwide.
In 1963, Amancio Ortega opened Confecciones GOA, a small dressmaking workshop in La Coruna in Galicia, Spain. Zara was born in 1975 and originally it was called Zorba, an inspiration from Amancio’s favorite movie ‘Zorba the Greek’. Turns out a bar nearby already had taken the Zorba name.
The Inditex Group was born in 1985 as a holding group to bring multiple companies, including Zara under one banner. Inditex actually stands for ‘Industria de Diseño Textil’.
Zara’s designers create 40,000 new designs annually, out of which up to 12,000 go into production. From the design stage to production, distribution, and appearing for sale in a Zara store, it takes up to 15 days (industry average is 4 to 6 months). Annually, the company produces 500 million pieces of clothing.
Most global fashion brands pump 3% to 7% of their revenues into advertising. For Zara, the advertising budget is 0.3% and most of it is used on store displays. 85% of the clothes are sold at full price.
La Coruna and visiting Inditex stores throughout the world such as this Zara in Milan was one of my favorite retail activities. Their focus on innovation and continuous improvement have also been a core inspiration to my career. As the opening quote from Amancio reminds us, if you truly enjoy what you are doing, every day, you are just getting started.
Retail's AI Revolution
The overall economic AI impact worldwide through 2029 will be $9.2 trillion USD. This impact will vary dramatically by region, by tier, by retail segments, and by solutions. AI/ML has the potential to greatly enhance retail operations by analyzing customer data, providing personalized recommendations, optimizing inventory management, and automating customer service, but implementing these technologies can be challenging and requires extensive data cleansing and tagging. - From IHL Group Read more
How Generative AI is Being Used to Change the World of Marketing
77% of companies are exploring Artificial Intelligence, including Generative AI. This innovative technology involves algorithms fed into existing content to create iterations with new content, including audio, code, text, pictures, video, and simulations. The goal is to 'teach' machine learning systems to 'artificially think' and create innovative content. - From Techaeris
Apple vs. Samsung’s Strategies to Move Manufacturing Away From China | WSJ
China has long been the manufacturing hub for tech giants like Apple and Samsung. But now, a range of geopolitical factors are pushing technology companies to spend billions to relocate their operations to places like India, Vietnam and Latin America. Read more
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