September 23, 2021

Since the widespread restaurant shutdowns of 2020, workers have steadily started to leave the food service industry, many for good. Along with the dangers of working in public during a pandemic, employees also found that some customers at reopened restaurants tended to tip less while others responded aggressively to mask rules. As a result, eateries across the country have nearly one million fewer filled positions than they did before the pandemic, amounting to an 8 percent decrease. And in a Continue reading

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September 17, 2021

Crocs clogs debuted in 2002 and quickly became a hit with consumers who wanted colorful and leisurely sandals to wear around the house. But soon backlash began to build against this funky foam footwear, as Time magazine in 2010 named Crocs one of the worst inventions ever. Then the pandemic descended on the world and many people stuck in their homes suddenly realized the benefits of wearing inexpensive and comfortable clogs. As a result, Crocs expects sales to increase by Continue reading

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September 15, 2021

Over the last year, Apple has been engaged in a legal battle with Epic Games, the software developer behind the blockbuster video game Fortnite. The company sued Apple after the tech giant removed the mobile version of Fornite from its App Store, alleging that Epic encouraged customers to purchase the game on different platforms. Apple claimed that this prevented it from collecting the commission it earns on every sale through the App Store, which Epic then accused of being anti-competitive Continue reading

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September 10, 2021

Although demand for wine from California’s Napa Valley has never been higher, supply is low across the region after years of drought, wildfires, and then the pandemic disrupted production. This video looks at the inflationary pressures currently weighing on winemakers as they consider whether or not to raise prices on the latest vintages.

Questions:

  1. What inflationary factors are driving winemakers to raise prices on their products?
  2. What are the potential advantages and disadvantages for businesses when they raise prices?
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September 8, 2021

Although fewer people could be traveling in the coming months due to the delta variant, this summer airlines got slammed with vaccinated vacationers who were ready to fly. Unfortunately for travelers, though, some understaffed carriers were not exactly prepared to handle their return. During the height of the pandemic, airlines offered buyouts or encouraged retirement to many behind the scenes staffers. This led to employee shortages at many carriers, with Delta Air Lines reporting that its call center staff was Continue reading

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September 3, 2021

It’s a scenario that plenty of fast food fans have faced before: they pull up to the drive-thru speaker at McDonald’s and ask for their favorite frozen treat, only to hear the reply, “Sorry, but the machine is broken right now.” Responsible for about 60 percent of the chain’s desserts, the McFlurry machine is a vital asset for Golden Arches franchises across the country, even though their unreliability has become something of a running joke. Along with serving as the Continue reading

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September 1, 2021

Over the course of the pandemic, problems with global supply chains have affected companies both large and small, leading some to reconsider their relationships with international manufacturers. Many other businesses are waiting for their products to arrive after weeks or even months of delays. For instance, the toy maker MGA Entertainment said its stock of Rainbow High dolls has been held up overseas due to a shortage of shipping containers. As a result, the company will likely not Continue reading

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August 26, 2021

For years now, many consumers have made an effort to cut down on their use of plastic bags by relying on cotton totes instead. Along with being better for the environment than non-biodegradable, single-use plastic, cotton bags can also serve as walking billboards for any organization that places their logo upon them. As a result, these totes can be spotted in stores the world over, emblazoned with branding from supermarkets, magazines, charities, and radio stations. 

But while cotton bags Continue reading

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August 24, 2021

At the beginning of summer, major airlines had plenty of optimism that rising vaccination rates would entice Americans into traveling again. Initially this hope seemed to be well-placed as demand for flights increased and prices surged accordingly, with the Consumer Price Index finding that airfares rose by 7 percent from April to May 2021. While prices stayed around that level through July, sales started to sag by August as carriers saw the impact of the Delta variant on their bottom Continue reading

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August 20, 2021

This week, T-Mobile announced that hackers obtained the personal information of millions of customers in a ransomware attack. While the telecommunications giant said that 40 million users had their data compromised, the thieves themselves claimed they made off with information from more than 100 million people. This includes customers’ names, phone numbers, and addresses as well as other sensitive data such as social security numbers, drivers license information, and PIN numbers.

T-Mobile added that no passwords or account numbers were Continue reading

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