2020’s Biggest US Forecasting Shocks
Which of our US forecasts shifted the most in absolute terms?Retail ecommerce sales: Our forecast shifted up by $119.62 billion, now reaching $794.50 billion in 2020 instead of $674.88 billion as originally forecast prior to the pandemic. On the flip side, our US brick-and-mortar (or non-ecommerce) retail sales forecast is now $234.50 billion less than it was before the pandemic, declining from $4.946 trillion to $4.711 trillion. US retail is so large that any shifts within it dwarf our…
“The foundations of the concerns about digital platforms were developing during the Obama years, and yet the major tech issues from the Obama era are still with us and unresolved,” said Chris Lewis, the president of the consumer advocacy group Public Knowledge. “The genie is out of the bottle and the issues the public needs resolved are piling up without resolution.”
On Thursday, as the economy is showing signs of improvement, Amazon, Apple, Alphabet and Facebook reported profits that highlighted how a recovery may provide another catalyst to help them generate a level of wealth that hasn’t been seen in a single industry in generations.With an entrenched audience of users and the financial resources to press their leads in areas like cloud computing, e-commerce and digital advertising, the companies demonstrated again that economic malaise, upstart…
Democrats countered that Republicans had concocted the hearing to pressure the companies into going easy on them before Election Day.“It’s a sham,” Senator Brian Schatz of Hawaii said. Senator Amy Klobuchar of Minnesota said Republicans were politicizing “what should actually not be a partisan topic.” And Senator Tammy Duckworth of Illinois said they were “placing the selfish interests of Donald Trump ahead of the health of our democracy.”
“We have this sort of strange term in Silicon Valley: co-optation,” said Bruce Sewell, Apple’s general counsel from 2009 to 2017. “You have brutal competition, but at the same time, you have necessary cooperation.”
Burger King CMO: No-one wants to watch your ads unless you are at the Superbowl
Burger King's Fernando Machado urges marketers to "hit a nerve" in order to cut through the clutter of advertising.
US Ecommerce Growth Jumps to More than 30%, Accelerating Online Shopping Shift by Nearly 2 Years
US Ecommerce Growth Jumps to More than 30%, Accelerating Online Shopping Shift by Nearly 2 Years - eMarketer Trends, Forecasts & Statistics
10 Tips to Navigate Rough Patches and Achieve Sustained Small Business Success - Small Business Trends
The small business community offers some advice on how to deal with tougher times, a thing most of us can relate to after this year.
Amazon Prime Membership Growth Will Drive a Record-Setting Prime Day
Amazon Prime Membership Growth Will Drive a Record-Setting Prime Day - eMarketer Trends, Forecasts & Statistics
In a 449-page report that was presented by the House Judiciary Committee’s Democratic leadership, lawmakers said the four companies had turned from “scrappy” start-ups into “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.” The lawmakers said the companies had abused their dominant positions, setting and often dictating prices and rules for commerce, search, advertising, social networking and publishing.