Key Takeaways from the news recently:
Retailers are continuing to expand the range of services
Tech companies double-down on investments in AI and layoffs to manage costs, and generate sources of growth
Net zero plans likely to pivot towards to nuclear power as a way of aiding the transition onto renewables
There is a greater need to enhance the protection of proprietary information and trademarks
In response to changing customer sentiments, grocers and retailers continue to expand their service offerings
(A trend we previously predicted in our 13th May edition and 2024 market trends paper)
Amongst prevailing economic and inflationary pressures, UK consumers have reduced their spending on takeaways for the first time since May 2020 [1]
Wilko announces plans to add more Café Eighty Nine cafes in its stores in an attempt to attract more customers [2]
Walmart launches beta access to ‘Digital Ventures,’ a self-serve product which aims to provides pre-purchase customer behaviour insights for its partner suppliers (e.g. customer browsing history, and analysing engagement details to help tailor marketing strategies) [3]
As tech companies face greater profitability and growth pressures, plans for layoffs (cost management) and investments in AI are announced (investing for growth)
Microsoft will invest $3.2bn in AI and cloud facilities in Sweden [4]
Microsoft to layoff +100s in Azure cloud team [5]
Google to layoff +100s in cloud unit [6]
As climate change target dates draw closer, officials are returning to the exploration of nuclear power to ease the transition onto renewables
US secretary call to at least x3 nuclear power production to help meet net zero targets by 2050 [7]
With wider-spread adoption of the internet, there is a greater need to enhance the robustness of internal controls and legal protection of trademarks
Google accidently publishes internal documents revealing details about it’s proprietary search engine algorithm [8]
Amazon faces $1.1bn data abuse lawsuit. The complaint alleges that Amazon uses confidential supplier data to enhance its own offerings [9]
McDonalds loses its ‘Big Mac’ trademark in Europe as it failed to prove that the trademark was in use continuously over the last 5 years [10]
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