“It not that I am better than others at solving problems, I just work on solving them longer than others.”
Innovation
Walmart's New Strategy to Beat Amazon /
Repost from Progressivegrocer.com
Walmart has dropped the $35 minimum order requirement for express delivery. Express delivery promises that customers will receive their merchandise within two hours. We are watching the transformation of retailing.
Onward! There is no retail apocalypse.
Consumer Confidence /
How do we know if we are recovering from Covid? My number one metric is Consumer Confidence. If we can bring back confidence we will arrive safely at the otherside of this crisis. We all have to do are part and then it will truly be the roaring 20s. Onward!
Life After Covid? /
“Skate to where the puck is going and not where it has been” is a famous quote of the great hockey player Wayne Gretzky. How should we think about life in the world after Covid? Many experts believe that we will have beaten Covid within the next one to two years. Now, that's a long period of time, but it's important to keep that timeframe in perspective because it's only about as long as most people spend getting a master’s degree. So, I think it begs the question, what are you doing now to prepare for the roaring 20s? You certainly won't be locked up at home for the next decade. Over the long run nearly everything will return to its pre Covid norms. Are you skating to where the puck is going?
Evolving with Creative Solutions /
Pay attention because the branch banking world is evolving. Recently, our Bank of America Branch closed in Orlando and we leased their building to another tenant. In addition, we worked with Bank of America to design and build this drive thru ATM. The world is always evolving with creative new solutions. Life without innovation is boring. There is no retail apocalypse. Simba beats Scar.
World Population /
When I was born there were only 3.0B people. Today there are nearly 8.0B and somehow, in the last 60 years, we managed to thrive. The world population is projected to reach 9.9 billion by 2050, an increase of more than 25% from the current 2020 population of 7.8 billion. Total fertility rates are below the replacement level of 2.1 births per woman in 91 countries and territories, mostly in Asia and Europe, as well as in the United States. What a great time to be alive. Notice that the world's population growth rate is dropping like a rock. America is still the leader. Let's all help keep it that way.
“The world population is projected to reach 9.9 billion by 2050, an increase of more than 25% from the current 2020 population of 7.8 billion”
2020 Top 10 U.S Retail E-commerce Companies /
Today nearly 15% of all US retail sales are from e-commerce. Our forecast is that by 2030, nearly 30% of retail sales will be generated on-line. This transformation from a brick and mortar economy to an omni-channel model will vastly improve the customer experience. It will also require massive investment, innovation, training and retooling. Soon we will all live like the Jetsons. Change is good.
Here is e-Marketer’s listing of the 2020 top 10 U.S retail e-commerce companies ranked by sales.
Amazon: $309.58
Walmart: $46.20
eBay: $38.61
Apple: $27.51
The Home Depot: $16.71
Best Buy: $15.70
Target: $13.82
Wayfair: $11.66
Kroger: $11.28
Costco: $11.18
Figures are in Billions.
Top 10 US Retailers /
In the last 30 years, the forces of creative destruction blasted away on the top 10 retail performers. Today, only 4 remain on the top 10 list and the other 6 are gone forever. Was that 30 year struggle an apocalypse? Not at all, it's just the innovative cycle that makes America the strongest nation in the world.
Every 15 years, half of the S&P 500 companies are dropped from the list. The same is true for the top 10 US retailers. Which 5 companies will get dropped from this list by 2035? I wish I knew, but whatever happens we will all be much better off.
