Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date.
Here’s a quick roundup of some industry news, including a look at tech trends in 2017, automakers joining forces to make electric vehicle motors, the ripple effect of store closures, and how companies are using artificial intelligence to bolster their brands.
The future of technology
The Wall Street Journal’s article, Tech That Will Change Your Life in 2017, takes a look at technology advancements and trends on the horizon. This annual list, as reported by Personal Tech columnists Geoffrey A. Fowler and Joanna Stern, covers everything from robots and augmented reality to videogame consoles and translation systems.
Automakers going green
The “green” car segment is going to get more competitive as a result of a recent announcement from Honda Motor Co Ltd and Hitachi Ltd’s auto parts subsidiary, Hitachi Automotive Systems, reports Naomi Tajitsu for Reuters. The article, Honda, Hitachi Automotive to form EV motor joint venture, looks at how the two companies will work together to develop, produce and sell motors for electric vehicles.
The ripple effect of store closures
The article, Here’s what happens to the retail ecosystem when a Kmart or Macy’s closes, as reported by Fast Company, looks at a recent study by Foursquare that tracked the impact of store closures. Turns out that millennials are opportunistic when faced with closeout sales, providing nearby retailers with short-term losses, but long-term gains.
Competition on the rise for Amazon
FedEx is gearing up for battle with Amazon, with the launch of its e-commerce solution, FedEx Fulfillment. According to the FedEx Launches FedEx Fulfillment To Compete With Amazon article, reported by PYMNTS, the new solution will make it easier for participating small- and medium-sized businesses to fulfill orders from multiple channels and track their inventory.
Robots around the campfire
Fast Company explores the role of artificial intelligence (AI) in Why Google, Ideo, and IBM are Betting on AI to make Us Better Storytellers. Darren Menabney’s article delves into how companies are using AI to better connect their brands with audiences and how storytelling partnerships between humans and machines may emerge in the future.