Online sales are forecast to grow at 43.8% to 16.7 billion pounds in the next five years. On Thursday, researcher IGD forecast, Britain’s food and grocery industry, driven by the online and discounter channels, is set to grow by 12.5% to $272.8 billion (217.7 billion pounds) by 2024. Online will be the fastest growing channel…
According to Apple, the risks of depending too heavily on manufacturing in China are rising and are far too great. Regardless of how the U.S.-China trade is resolved, the production shift will take place. In a significant development, the Nikkei Asian Review has reported that Apple Inc has asked its major suppliers to assess the…
The A321XLR has a longer range of 4,700 nautical miles. In a significant development, the AirAsia Group, the world’s largest customer for Airbus’ A321neo, stated it has decided to convert 253 orders for Airbus’ A320neo planes to the larger A321neo model. “The change will enable the airline to offer higher capacity in response to ongoing…
Nvidia’s graphic chip will be powering the machine learning algorithms that will enable Volvo’s self-driving trucks to navigate from production facility to warehouse. In a significant development, Sweden’s AB Volvo stated, it will collaborate with Nvidia to develop artificial intelligence used in self-driving trucks. The agreement marks a long-term strategic partnership which spans several years.…
The largest e-commerce company of the world Amazon.com is attempting to boost its fast-growing air cargo arm by adding a dozen air freight crafts to its fleet of aircrafts, the company announced on Tuesday. This is a part of the strategy of the company to expand and tighten control over the logistics business that it…
Senator Marco Rubio files legislation which prevents certain companies from seeking damages in U.S. patent courts. In a significant development, U.S. Senator Marco Rubio has filed legislation aimed at preventing Huawei Technologies Co Ltd from seeking damages in U.S. patent courts. The move comes after the Chinese company demanded that Verizon Communications Inc pay $1…
Under pressure from the U.S.-China trade war, Huawei’s CEO Ren Zhengfei sees a revival of the company’s fortunes only in 2021. As per a report from Bloomberg, Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in sales from the international market. According to Bloomberg’s report which cites sources familiar with the…
While self-driving car technology advances are solving a host of problems, the one problem that is being introduced is boredom. How do you occupy the passengers of the vehicle as the car accelerates and steers sideways? With the advent of autonomous vehicles, there will be no need for the driver to sit tight and pay…
China’s firewall although broadly effective, is not 100% full proof, content posted on individual accounts were not immediately censored. In a significant development, Chinese censors are working hard to block and erase news of the Hong Kong protests on social media and search platforms. There has been a surge of interests from mainland Chinese users…
Backers include PayPal, Visa Inc, Uber Technologies Inc and Mastercard Inc. In a significant development, Facebook Inc’s cryptocurrency has received backing from more than a dozen companies including PayPal Holdings Inc, Visa Inc, Uber Technologies Inc and Mastercard Inc. According to a report from the Wall Street Journal, each company will invest nearly $10 million…
business-gurus.com 