Monthly Archives: October 2022

Trendsi secures $25M to help sellers and manufacturers predict demand

In the traditional business-to-business world, sellers often don’t know how much of a product they should order. Even at well-run companies, anywhere from 20% to 30% of inventory is either dead (i.e. doesn’t sell) or obsolete, according to one source. The impact on profitability can be quite severe. Dead stock costs sellers and manufacturers as…

Mark Zuckerberg urged Meta staff to have virtual meetings when many of them didn’t have VR headsets, report says

Meta CEO Mark Zuckerberg at Facebook’s first ever Meta Store. Facebook/Meta When Mark Zuckerberg urged Meta to have virtual meetings, many staff didn’t own VR headsets, per NYT. Meta staff rushed to buy headsets and set them up before managers realized, a source told the NYT. Zuckerberg told staff this year to conduct meetings on…

Amazon plans to have 10,000 electric delivery vans on the roads in Europe and double its network of micro-mobility hubs by 2025

Amazon plans to have 10,000 electric delivery vans on Europe’s roads by 2025 Smith Collection/Gado/Getty Images Amazon is rapidly expanding its fleet of electric vans in Europe, with plans for 10,000 by 2025. CEO Andy Jassy said the $970 million investment will help the company meet its net-zero goals.  The company plans to double its…

Russia applauds OPEC+ for its huge oil output cut, saying it will counter the ‘mayhem’ the US has created in the market

Russian President Vladimir Putin. Gavriil Grigorov/Sputnik/AFP/Getty Images Russia hailed OPEC+ for its “thoughtful” decision to slash oil production targets, per media reports Sunday.  The move will balance the “mayhem” created by the US in energy markets, a Kremlin spokesman said. With midterm elections ahead, the White House slammed OPEC+ for “aligning” with Moscow on the…