Debrief (news from 13th May 2024)

Key Takeaways from the news recently: The ability to efficiently use data will determine business performance Company’s need to rethink price, ecommerce, marketing, and real estate strategies to retain profitability and market share Pressures for foreign companies and investment to leave China increase Company’s survival and future growth hinge on efficient use of data for decision making Reddit is now partnering with OpenAI (as well as Google) in bid to diversify revenue streams with ad revenue and providing data to train AI models, resulting in a 12% increase in shares - read more here AI-boom results in IBM creating 800 AI-related jobs in Ireland - read more here Sainsbury’s collaborates with Microsoft to leverage AI to improve operations - read more here Coca Cola introduces a data platform for retailers, offering insights and analytics to boost sales - read more here To retain profitability and market share, price increases, effective e-commerce and marketing strategies, and reimagining the use of physical store spaces is needed Uber to provide shuttle service and expand its partnership and services with Costco which have sent Costco shares rising — read more here BT shares rise after implementing price rises. This is enabled by BT’s effective monopoly of infrastructure - read more here Asda experiences sales growth driven by online demand - read more here Curry’s transforms 65 stores to enhance customer experience. This was something we predicted and brought up in our first issue which you can read here - article source Escalating geopolitical tensions with China prompt companies to relocate staff and operations, accompanied by legal pressures. Microsoft relocates 700-800 China-based employees amidst growing US-China tensions. [Read more] Temu faces legal challenges in the EU, as scrutiny intensifies over unfair practices and low-quality products. [Read more] Escalating geopolitical tensions with China prompt companies to relocate staff and operations, accompanied by legal pressures Microsoft relocates 700-800 China-based employees amidst growing US-China tensions - read more here Temu faces legal challenges in the EU, as scrutiny intensifies over unfair practices and low-quality products - read more here Thank you so much for taking the time to read and support our publication. Follow on Substack Notes for the latest news and notifications. Like what you read?, please leave a like or comment and refer us to your friends. Refer a friend