Category Archive : Business

FedEx trucks are loaded for deliveries in Salt Lake City on Tuesday, Nov. 10, 2020. Ongoing and widespread COVID-19 restrictions are fueling an unprecedented volume of online shopping for the holiday season.

FedEx trucks are loaded for deliveries in Salt Lake City on Tuesday, Nov. 10, 2020. Ongoing and widespread COVID-19 restrictions are fueling an unprecedented volume of online shopping for the holiday season. | Jeffrey D. Allred, Deseret News

Rainbocorns, Cutetitos and consoles top must-have lists

SALT LAKE CITY — Rainbocorn and Cutetito may just sound like gibberish, but they’re actual names of new toys likely to lead the pack in the upcoming online holiday shopping season, one setting up to smash existing records.

For the uninitiated, Rainbocorns and Cutetitos are both lines of brightly colored plush creatures that come in mystery packaging, and are projected to be the No. 1 and No. 2 most popular toys for kids in the 2020 holiday season, according to a new report.

But the plushies will represent just a tiny slice of an expected crush of holiday spending with online retailers that Adobe Analytics is predicting could hit $190 million this year — outpacing 2019 levels by over 30% — and crushing records for Thanksgiving, Black Friday and Cyber Monday.

Single-day turbo boosts on the race to a record year could see $6 billion flowing to online retailers on Thanksgiving, over $10 billion on Black Friday and almost $13 billion on Cyber Monday.

Along the way, U.S. shoppers will drop around $2 billion every day between Nov. 1 and Dec. 31 except for the Thanksgiving break, Nov. 22 through Dec. 2. Instead, that span will see an average $3 billion in daily online spending.

The biggest online shopping day of the year, Cyber Monday, broke the $2 billion barrier back in 2012, Adobe notes for context.

While online shopping has been on a growth arc that graphs as a steep climb to the right — and it surpassed in-store holiday sales for the first time last …read more

Source:: Deseret News – Business News

      

(Miss this week’s The Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, Nov. 15; to receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)

Archaeologists and private eyes have long known that sifting through trash can yield juicy revelations. As the nation’s leading garbage collector, Waste Management has a unique vantage point into what’s going on in the country’s homes and businesses. As people quarantine—and eat more—in their homes, residential garbage bins are heavier; cardboard from all those Amazon boxes is filling the recycling stream. The company’s pickups at concert venues and stadiums, however, have largely dried up. Cardboard cutouts of fans don’t create trash.

The $15.5 billion company is also the biggest residential recycler in North America and the largest operator of landfills in the country. The waste business is capital-intensive and increasingly driven by technology and innovation. Waste Management has invested almost $600 million in startups and companies with next-generation approaches to throwing things away. The company has made dozens of investments in companies, some trying to turn plastic back into crude oil or cardboard into ethanol. Others deal with hazardous waste, medical waste or waste conversion. “There are a bunch of different investments that we’ve made, probably upwards of 50 different companies over a decade,” says Waste Management CEO Jim Fish. One of Fish’s most promising bets is on a company that turns junk mail into roofing board for big commercial buildings.

Some of the innovation is lower tech but equally transformative. For the past 15 years, the industry has been moving increasingly to side-loader trucks, which mechanically dump the large plastic green and blue curbside containers into garbage trucks. That shift has cut down on …read more

Source:: Time – Business