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Globalization was already sliding into “slowbalization” before 2020 came crashing down around us. Now, some of the world is beginning to recover from...
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss dispensary and retailer license data...
Our design team discuss their top insights from time constrained, critical ventilator project in Canada’s Response to COVID-19Paul Charlebois, Industrial Design and Human Factors...
When you want to trade cryptocurrencies with ease, great trading volume and margin trading with leverage then there are two cryptocurrency exchanges that I immediately think of. It is PrimeXBT and Binance. Both of these two trading platforms offer trading volumes, great trading UI and interface, great leverage options in abundance. But which one should […]
The global market of 3D ICs was valued at US$ 7,521.4 Mn in 2019 and is forecasted to reach a value of US$ 38,252.9 Mn by 2027 at a CAGR of 22.5% between 2020 and 2027. The basic definition for 3D ICs is logic over the logic that is connected through TSV. This includes a
In an interview, Peter Meath, J.P. Morgan’s co-head of Healthcare and Life Sciences, Middle Market Banking & Specialized Industries, says the Covid-19 pandemic...
There have been a lot of supply chain learnings as a result of the COVID-19 environment and there is nothing more important than the lesson of technology. Technology has separated the haves and have nots in just about every industry. Those companies which have been able to adapt are thriving even in this stressful time. Those who did not have the core technology available, or have been unwilling to invest in the technology, have suffered and many have filed bankruptcy.
As if to prove this case, look at a 4 industries and you will see they have come down to duopolies or maybe three to 5 companies which own the industry. Think of this:
Home Improvement - Two huge players in Home Depot and Lowes
General Store Retail - Target and Walmart
E-Commerce - Amazon and Wayfair
Pure Technology - Apple, Google (Alphabet), Facebook (Advertising).
You can go on with this but the point I am making is the companies which invested in technology early have thrived and are so far ahead of most of their competitors it is very likely those competitors cannot catch up. Technology does a few things for these companies:
It makes them infinitely scalable. Meaning they can scale to huge sizes and add little to no cost to the company. Their cost per unit decreases dramatically as they grow.
It allows them to be incredibly flexible and resilient. Think of Walmart and their now infamous scale with pick up grocery business. Walmart e-commerce business is up 97% YoY. This would not even be possible without the underlying technology already in place. There are very few companies in the world which could handle a 97% increase YoY and have any reasonable chance of still functioning.
It makes the customer experience far better because the technology allows you to customize the experience to the person. You don't need to "group" people but rather, through the technology, you can customize the experience. Someone wants to come into the store, you have a solution for that. Someone wants curbside pickup, you have a solution for that. Someone wants it brought to their home, you have a solution for that. Someone wants the products delivered to the trunk of their car (specific models allow Amazon to open the trunk of your car and put product in it), you have a solution for that.
Because the technology is cloud based and built on the cloud it allows for the ability to grow dramatically very quickly. Think about this: In December of 2019, Zoom hosted 10 million daily meeting calls. By April, they were up to 300 million per day.
Virtually all of this are supply chain solutions which have made these companies leaders in their industry. So, what lessons have we learned?
Technology allows companies to become dominant in their industry.
Technology allows scale
Technology allows companies to be resilient in the face of adversity; It actually allows those companies to thrive.
And finally, there is no "fast following". Walmart, because of its resources, has been able to catch up to Amazon but this is a rare example - in fact it may be the only example. Those who get behind, will be behind forever and, ultimately, will be left behind.
Aviation Edge ADSB APIADS-B Data Format for Flight TrackingAviation Edge ADSB API data includes data picked up from ADSB of airborne, live flights all over the world, thus giving you a complete picture of all aircraft with ADSB at a given moment. It is possible to track a total up to 15000 flights at a […]
With the business world in a constant state of flux, flexibility is more important than ever for organisations of every stripe. Data-driven organisations...
