Tony D'Onofrio
Why Do U.S. Banks Keep Failing? -CNBC
- April 04, 2023
The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk. Over 550 banks have collapsed since 2001, according to the FDIC.
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It is a Small World
“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
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Brilliant Research
Retail’s Hidden Advantage: How RFID & Computer Vision’s Radically Improve Operational Improvements
Companies that are already using RFID technology in our study averaged profit growth in 2023 that was 57% higher than those who do not. And they are expecting their profits in 2024 to be 88% higher than those not already using RFID. Companies are 34x more likely to use computer vision already and 35% more likely to invest in computer vision in 2024 than below average performers. - From IHL Services Read more
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AI in Retail Organizations: Not Everyone Sees Eye to Eye
More than half of respondents are leveraging AI in some capacity across their businesses today. More than half of CEOs of enterprise-level businesses believe that the role of AI-based technology is fundamental to the future of retail. - From Digital Commerce 360
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