It doesn’t come as a surprise that the retail sector is still suffering from sales losses due to online giants such as Amazon. In the US alone, Amazon recorded more than 94.7 billion online sales – that is 70% of its total revenue, according to eMarketer. Chris Anderson explains in his book “The Long Tail” what those figures mean for the retail sector: it is about time for retail to move away from the classic model of selling only a small number of products and moving toward a system of billions of niche products. Anderson describes the future of retail as “selling less of more.”
“When the number of STEM professionals (science, technology, engineering, mathematics) grows, then the innovation strength of the heavily export-oriented German economy will increase, too.” That is the core statement of the report “STEM and the Business Model Germany,” published by the German Economic Institute.
Businesses and brands don’t tire of touting their sustainability projects when they want to shine a light on their resource-efficient, future-oriented, and socially responsible companies. Often, they feature in industry magazines which describe in impressive detail why company X won sustainability award Y or certificate Z. Those articles tend to be accompanied by impressive photographs of those glamorous award nights.
After Mark Zuckerberg’s appearance before the US Congress for Facebook’s data-mining practices, one could say that the European Union has its finger on the pulse: As of 25 May 2018, the EU’s General Data Protection Regulation (GDPR) will come into effect. You might have heard about it in the news recently. But do you know in detail what the GDPR is about and how it may impact your business?
Sports and technology have long fused and become one. Just remember the Sydney Olympic Games in 2000: The introduction of high-tech swimsuits caused much uproar because they enhanced the athletes’’ performance disproportionately. Until 2009, 43 new world records were set which, in all probability, wouldn’t have been possible without the high-tech gear – which eventually resulted in the ban of those full-body swimsuits. The tragedy for all following athletes: Despite the ban, the new world records remained in place.
It is no longer a secret that the demographic change is in full swing. In western countries, today’s women and men get to live, on average, 86 and 81 years. The economy already feels the impacts of this increase in life expectancy which has prompted the European Union to start a project called “Best Agers” – an initiative that aims to leverage the experiences and expertise of the 55-year-olds and over for the economic and social benefit of us all.