January 14, 2020

Although milk was a staple of the American diet throughout the 20th century, today’s consumers don’t drink nearly as much of it as they did in the past. In 2018 Americans each drank an average of 146 pounds of fluid milk, a category that includes everything from skim milk to heavy cream. While that’s still quite a lot of dairy, it also represents a 26 percent decrease in consumption since 2000. Along with this declining demand, milk companies have also Continue reading

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January 9, 2020

In recent years, many Silicon Valley tech firms have pledged to make sustainability a top priority. But as Amazon, Google, and Microsoft develop environmentally friendly operations, oil companies are also using their technology to extract more petrochemicals from the earth. The video below takes an in-depth look at the history of oil extraction and how modern tech companies are risking their reputations by getting involved with the fossil fuel industry. 

Questions:

  1. How does machine learning help tech companies become Continue reading
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January 7, 2020

The holiday season is the most important time of the year by far for the nation’s retailers, with many earning as much as 40 percent of their annual sales during that period. Fortunately for them, 2019’s holiday sales increased by 3.4 percent compared to the previous year. Retailers are especially relieved since Thanksgiving arrived six days later than it did in 2018, which took away crucial time that companies could have used to drive sales. 

To make up for Continue reading

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December 6, 2019

This week, multiple news outlets reported about a poor potato crop in Canada and the U.S. that could potentially affect the nation’s French fry supply. With winter weather arriving early throughout North America, potato growers lost thousands of acres of crops due to freezing temperatures. As a result, the U.S. Department of Agriculture estimates that American spud production will drop by six percent this year. And since potatoes used for French fries tend to be harvested later in the season, Continue reading

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December 3, 2019

Analysts at Adobe estimate that consumers spent more than $29 billion online last week between Thanksgiving and Cyber Monday. Although brick-and-mortar sales rose slightly as well, e-commerce sales surged to record highs as consumers increasingly turned to online retailers for their holiday shopping needs. In fact, experts predict that companies like Amazon earned as much as $9.4 billion on Cyber Monday alone. 

But while Amazon enjoyed another successful start to the festive season in the U.S., the e-commerce giant Continue reading

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November 26, 2019

If you have plans to travel this week for Thanksgiving, then you should already know that you won’t be the only one. According to experts, a record number of travelers will either fly or drive at least 50 miles to celebrate the holiday. As a result, the nation’s airports and highways will be jammed with travelers, inevitably leading to widespread traffic and plane delays. 

The trade organization Airlines for America estimates that a record 31.6 million people will fly Continue reading

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November 14, 2019

Earlier this year, McDonald’s spent $300 million acquiring a data analysis and artificial intelligence startup called Dynamic Yield. Along with providing the fast food chain with tons of information about its operations, this new technology will also help the company upgrade its growing fleet of self-ordering kiosks. Customers can place orders on these large touchscreens rather than wait in line, which the company claims improves efficiency and increases sales. As a result, McDonald’s wants to place these machines in as Continue reading

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November 12, 2019

Major conglomerates like Procter & Gamble, Kimberly Clark and Georgia-Pacific earn more than $31 billion annually from toilet paper sales. But while this industry is certainly lucrative, it’s not exactly innovative. After all, one of the few significant developments these companies have made in recent decades is to sell larger rolls. Brands such as Charmin and Quilted Northern treat their products like commodities, meaning that they compete primarily based on price. By concentrating on value, the biggest names in toilet Continue reading

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November 1, 2019

With Halloween done and the pet costumes put into storage, retailers across the country are now preparing for a surge of holiday sales that will arrive at the end of the month. During this vital sales period, companies can see their online orders grow tenfold as consumers grab all sorts of items for the holidays. As a result, many retailers and logistics firms bring on seasonal workers to provide additional assistance for this busy period. 

Along with hiring lots Continue reading

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October 29, 2019

In mid-September, nearly 50,000 General Motors employees represented by the United Auto Workers union went on strike after failing to reach an agreement with the company. Staffers walked picket lines for more than a month as they fought for improved wages, benefits, and job security. Then last week the standoff finally ended as the union struck a deal with management that partially gave in to some of the workers’ demands.

For instance, employees are now guaranteed a 3 percent pay Continue reading

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