⏱King of the world
Next-gen fitness equipment, and a win for the lazy people
Good morning everyone, and welcome to what will hopefully be the best week of 2021 so far. (Not that that standard is particularly high)
0:05- Unsurprisingly the biggest Tech Show goes online
The Consumer Electronics Conference, also known as CES, will take place virtually this week for the first time in its 54 year history. The event, which normally features tech demonstrations in keynotes, as well as booths scattered on the floor, will instead feature “digital activations” — which are essentially digital booths where companies can present content, interact with fans, and conduct meetings. Expectations for the conference include next-gen fitness equipment, 5G tech, and lots of smart home tech.
0:25- This is a big win for people who hate returning orders
This story is for anyone who’s avoided returning something simply because shipping it is a pain. Recently companies such as Amazon, and Walmart have started utilizing AI and Machine Learning to determine if it’s worth it for a user to return an old product. Apparently, in some situations it doesn’t make fiscal sense to receive a shipment back, so companies have just been telling consumers to keep the old products. This makes sense when you realize ecommerce returns totaled more than $70.5Bn in cost for retailers during the past holiday season alone.
0:50- Tech rules everything
Everything in the world revolves around tech in 2021 — even in areas you might not expect, like the auto industry. Right now, a processor chip shortage has caused a drop in outputs for major auto producers such as Ford and Honda. In addition, the companies have even had to go as far as implementing temporary layoffs, as there’s nothing some plants can do without the necessary parts. Dan Sharkey, a Detroit lawyer who works with auto suppliers, said, “One of our clients is calling it ‘chipageddon’” as orders for other parts of the car have dropped as a result.
1:17- The political ramifications continue to ripple
After the events in the Capital last week, many companies have rethought their political strategy. JPMorgan announced yesterday that they would be pausing PAC donations to both sides of the aisle, and Blue Cross and Mariott both paused funding to all Republicans who opposed the Electoral College certification.
1:28- Cyan-tifcally very cool
A 22 year old saw in color the first time this past weekend when his friends surprised him with colorblind glasses — not a bad start to 2021 for him!
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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