Tag: consumer

Walmart consolidation center to open in Colton, bringing more than 600 jobs

Walmart consolidation center to open in Colton, bringing more than 600 jobs

Walmart will open a 340,000-square-foot consolidation center in Colton in July. The facility will initially employ 150 workers, the retailer said, but that is expected to exceed 600 by 2021. (Photo courtesy of Walmart) A Walmart supply chain first is coming to Colton.

The mega-retailer plans to open a 340,000-square-foot consolidation center at 1600 Agua Mansa Road in July. Using automated technology, it will be the company’s first consolidation facility to receive, sort and ship freight. The technology will allow three to four times more volume in the flow of merchandise, resulting in more nimble and flexible product fulfillment, the […]

Why Shoe Production May Never Come Back to the US

Why Shoe Production May Never Come Back to the US

Sneakers inside Nike’s House of Innovation 000 in NYC. Between China’s contracting manufacturing sector and the ongoing trade war between Beijing and Washington, it’s no surprise the shoe industry is speculating about the future of footwear production and whether it will eventually return to the United States.

Shoes are among the most largely imported products in the fashion industry, with about 98 percent of all footwear sold in the U.S. created abroad, according to the American Apparel & Footwear Association. Nearly three-quarters of those imports hail from China, partly due to a significantly lower cost of labor and less labor-intensive […]

Artificial Intelligence and the Future of Work in an AI-driven Environment

Artificial Intelligence and the Future of Work in an AI-driven Environment

To say that artificial intelligence will take away jobs of the future is an understatement, and redundant to boot. The broader term, technology, has been doing this for centuries already, and it is merely evolving into a more streamlined avatar called AI. Why is Artificial Intelligence Considered to be a Threat to the Future of Work?

In its most basic form of process automation, artificial intelligence has already wiped out a number of different jobs. And it’s an ongoing cycle: Assembly lines made skilled workers obsolete, and they in turn were made obsolete by machines that did the job […]

The World Bank Says Robots Aren’t Killing Jobs Yet. Don’t Listen To It.

The World Bank Says Robots Aren't Killing Jobs Yet. Don’t Listen To It.

Photo: Natalie Behring / Getty The World Bank has released its annual World Development Repor t, and the headline news this go round, as relayed by Bloomberg and others , is basically that “Robots Aren’t Killing Jobs.” Which, good news, if true.

“This fear that robots have eliminated jobs—this fear is not supported by the evidence so far,” the World Bank’s Chief Economist, Pinelopi Koujianou Goldberg, told Bloomberg . More specifically, the report notes that for every job that’s been lost, new ones have been created. “This is the fourth industrial revolution, there have been three before, and in each […]

How self-employed home buyers successfully get mortgages

How self-employed home buyers successfully get mortgages

Homeownership down among self-employed, but that’s not the whole story

According to the Urban Institute, “At all income levels, mortgage use and homeownership rates declined more for self-employed households than for salaried households between 2001 and 2016.” There are many reasons for this, but there is also good news for self-employed home buyers. If you’re one of them, you have options in 2019.

Verify your new rate (Jan 2nd, 2019) The news is not bad Self-employed home buyers often worry about their ability to qualify for mortgage financing. However, as someone who last held a full-time job in 1972, […]

THE CHANGING NATURE OF WORK

THE CHANGING NATURE OF WORK

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Features As technology advances, firms adopt new methods of production, markets expand, and societies evolve. Firms rely on new technologies to better use capital, overcome information barriers, outsource, and innovate. Workers, firms and governments are building new comparative advantages as conditions change. For example, by being the first to adopt 3-D technologies, Danish firms strengthened their hold on the global market for hearing aid products in the 2000s.

The Indian government invested in technical universities across the country, and subsequently India became a world leader in high-tech sectors. By integrating into global value chains, Vietnamese workers developed […]

As told to: Economist Dan North discusses 6 major topics

As told to: Economist Dan North discusses 6 major topics

Photo courtesy of Euler Hermes Weighing the state of economic affairs could help U.S. growers excel.

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The United States government and media outlets regularly tell us about the strength of the economy. But what’s really driving growth, and what are possible concerns and setbacks? Being aware of some of these issues could help growers and their supply chains make informed decisions to stay ahead. Greenhouse Management and Produce Grower recently spoke with Dan North, chief economist for North America at insurance company Euler Hermes , about the U.S. economy. He told us some facts, as well as some […]

Top 10 Automation and RPA Predictions For 2019

Top 10 Automation and RPA Predictions For 2019

Automation will redefine the next phase of digital transformation as it delivers new levels of customer value coming from higher quality and dependability, deeper personalization, faster delivery of products, and greater convenience offerings. Robotic process automation (RPA) is growing at a fast pace with projections from Gartner forecasting that the RPA business will grow 57% over the next year. Here are the major RPA predictions for 2019 that are all set to redefine the new year and the years to come.

1. Rise of Artificial Intelligence into RPA

The Artificial Intelligence (AI) wave is here and RPA is an […]

With AI integration, Skilled Jobs will soon be in Demand

With AI integration, Skilled Jobs will soon be in Demand

Global Artificial Intelligence market is poised to grow at a CAGR of above 35 pc during the forecast period 2015 to 2022. Mr. Jayant Joshi, Managing Director, RS India – A Swiss Precision and Assembly Unit. A study report from World Economic Forum says that Robots will handle as much as 52 pc of the work tasks by 2025. Notable is that Robot revolution is popularizing at a fast pace all over the world and India is no exception to it. A US-based HfS Research predicted that India’s IT services industry will lose 6.4 lakh “low- skilled” jobs to […]

If Amazon Go technology goes big, grocery workers may get the sack

If Amazon Go technology goes big, grocery workers may get the sack

In 1912, the first Horn & Hardart automat opened in New York City.

A combination of high-tech ingenuity and frugal convenience, the automat was a restaurant that cut out costly servers. Patrons fed coins into streamlined sets of vending machines to get main courses, side dishes and desserts among hundreds of choices.

The concept actually originated in Germany in 1895. Joseph Horn and Frank Hardart licensed it for the United States, opening first in Philadelphia. But it became a Big Apple icon, a backdrop for many movies. As one appreciation described it , “Dining was communal and cafeteria-style, to the extent […]