Top 25 Retail Website / Global Retail Influencer
General Motors plans to phase out nearly all of its gas and diesel vehicles by 2035. Leading that transition is the first fully electric Cadillac.
Will Elon Musks’ dancing robot one day liberate mankind from the tiresome drudgery of manual labor? He certainly seems to think so
The system could be one answer to slashing Earth's carbon emissions. A Swiss startup has created a giant vacuum cleaner to capture carbon dioxide from the air, helping companies offset their emissions
It’s been hailed as fuel of the future. Hydrogen is clean, flexible and energy efficient. But in practice there are huge hurdles to overcome before widespread adoption can be achieved.
What factors made the greatest impact on the development of modern space rockets? Was it our irrepressible human urge to explore? -from Bloomberg Quicktake
While the future of the nearly 23-year-old International Space Station remains uncertain after 2024, China says its newly equipped Tiangong station will be up and running by next year. -from WSJ
The European Space Agency is studying the future recruitment of disabled astronauts, also known as parastronauts. The move marks a giant leap forward in extending equal access to the final frontier.
Space may be the final frontier, but we can't go far on rocket fuel. Now, two scientists are working on a device that may one day make the "impulse engine" from Star Trek real.
The fear that our phones and apps are listening to us has taken prominence among privacy security concerns. -from Cheddar
Engineers building the latest generation of wind turbines routinely overcome head-spinning obstacles. -from Tech Vision
For decades, scientists have been trying to build a long-lasting replacement for the human heart. Now, an Australian inventor believes he’s cracked the problem. -from Bloomberg Quicktake
One machine looks set to revolutionize the future of auto manufacture, and it really is a pretty big deal. -from Tech Vision
Built to support the Soviet space program back in the late eighties, one gargantuan aircraft has proved itself an invaluable asset to aid agencies in the Covid-19 era. -from Tech Vision
Roughly 150km south of Shanghai a gigantic civil engineering experiment is underway that’s causing international ripples in more ways than one. -from Tech Vision
Like a threadbare pair of pants your partner has pleaded with you to just chuck out, NASA’s aging Shuttle-era spacesuits are long overdue date with the trash can. -from Tech Vision
SpaceX has more than 1,000 satellites beaming high-speed internet to Earth, but China promises to offer higher speeds with the launch of what it calls the world’s first 6G satellite.
United Airlines' announcement that it plans to buy 15 supersonic aircraft from the startup Boom Supersonic is raising questions about the future of ultra-fast plane travel. -from WSJ
U.S. recently faced a series of ransomware attacks on critical infrastructure like the Colonial Pipeline, the city of Tulsa, and JBS, the worlds largest meat producer. -from CNBC
Have you ever wondered what the world will be like in the future? It's likely our world will be completely different in the next 20 or 30 year than what it is now.
Right now the world is dependent on Taiwan for silicon semiconductors called chips, which give devices like iPhones their functionality. -from Bloomberg Quicktake
Page 4 of 19
"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
As applicable, all trademarks, service marks, and content in Top 3 Weekly Essentials, Brilliant Research, Smart Infographic, and Insightful Videos published on this site are the property of their respective owners.
Copyright © 2023 TD Insights LLC. All Rights Reserved.
Privacy Policy Cookie Policy