Online shoppers will find sales earlier and longer
Tech
Posthaste: Attention shoppers, it's going to be a very different Black Friday this year – The Kingston Whig-Standard
Nov. 27 is going to be a very different shopping experience.
Good Morning!
Black Friday and Cyber Monday, that four-day bargain binge that shoppers around the world wait for every year, is fast approaching, but this Nov. 27 is going to be a very different shopping experience.
No more door busters, mobbed aisles and frenzied shoppers. The Centers for Disease Control and Prevention in the United States has classified “shopping at crowded stores just before, on or after Thanksgiving” on a list of higher-risk activities to avoid, reports USA Today.
Walmart has already announced it will close on Thanksgiving Day, a first since the late 1980s. Target, Best Buy and other big brands are doing the same.
Nor will Canadians be flocking over the border to swarm the stores down south.
The pandemic, however, has not dulled shopper’s interest in Black Friday and Cyber Monday, a new survey by Shopify reveals. Two thirds (67%) of U.S. consumers surveyed say they plan to shop during the four-day marathon this year. In Canada it’s 50%, France, 67%, and Germany 61%, which is comparable to or even higher than last year.
They also plan to spend more. Americans see themselves laying out US$686, Canadians, $481. In Britain, shoppers expect to spend £376, France, €466 and Germany €389.
But most of that shopping will not be in actual stores. The survey found more than half of Canadian shoppers (52%) plan to shop online only during the Black Friday, Cyber Monday weekend. In the U.S. it’s 49%, the U.K. 62%, Germany (53%), Australia (53%).
Another hefty share, 48% in the U.S., plan to shop online and in stores, but only 3% plan to shop in stores only.
And for bargain hunters, here’s the best part. Because of limits to how many people can be in a store and concerns about the timing of deliveries, sales are starting earlier this year and lasting longer.
“The concentrated four-day period traditionally marked by deep discounts and promotions has now evolved into a broader holiday shopping season,” said Shopify.
More than half of Shopify’s merchants surveyed said they believed consumers would start their holiday shopping before Black Friday this year, and they started preparing in September. About 20% of shoppers in Canada and the United States said they have started looking for Black Friday deals online and many big brands have already announced best-price sales to be staggered through November.
Shopify said the extended Black Friday, Cyber Monday season gives retailers more time to prepare for the hike in online orders and fluctuating inventory.
Curbside pickup and local delivery have substantially increased during the pandemic as more retailers moved online and it is having a “significant business impact.”
On average shoppers who chose these options spent 23% more.
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DON’T QUIT YOUR DAY JOB — YET Toronto millennial Nelson has a dream — a career in comedy. Before the pandemic put a stop to it, he was performing at amateur nights in Toronto clubs, while keeping his day job in communications. Nelson wants to move to Los Angeles to take things up a notch, but there’s a punch line to that plan. Find out what this twenty-something has to give up to chase his dream in this week’s Spent by Victor Ferreira.Brice Hall/National Post Illustration
- Deputy Prime Minister Chrystia Freeland will deliver a virtual keynote speech on Canada’s plan for a strong economic recovery from COVID-19 to the Chamber of Commerce of Metropolitan Montreal.
- Conservative Leader Erin O’Toole will deliver remarks at a Canadian Club Toronto event, followed by a fireside chat
- Lisa MacLeod, minister of heritage, sport, tourism and culture industries, will deliver a speech on sectoral resiliency and renewal to the Empire Club of Canada
- Today’s data: Canadian GDP (August), U.S. personal income and spending
- Earnings: Imperial Oil, Fortis, SNC-Lavalin, Shaw Communications, Exxon Mobil, Chevron, Under Armour
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International tourist arrivals throughout the world are down 70% in the first eight months of 2020, the World Tourism Organization revealed this week. That decline represents 700 million fewer international tourists compared with the same period in 2019, and a loss of US$ 730 billion in export revenues from international tourism, more than 8 times the loss in 2009 under the impact of the global economic crisis. Most UNWTO experts expect a rebound in international tourism by the third quarter of 2021 but it is not expected to return to pre-pandemic 2019 levels before 2023.
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The Bank of Canada is keeping its foot to the floor to drive economic growth, as the resurgence of COVID-19 this fall threatens to slow the pace of recovery.
The central bank announced Oct. 28 that it will maintain its 0.25% target for the overnight rate, which means consumers can expect interest rates on mortgages and other loans to remain ultra-low for the foreseeable future.
It’s a tough road ahead, but in the meantime both homeowners and homebuyers can take great advantage of the bank’s plan to fight through the fallout. Our content partner MoneyWise has some helpful advice.
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Today’s Posthaste was written by Pamela Heaven (@pamheaven), with files from The Canadian Press, Thomson Reuters and Bloomberg.
Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com, or hit reply to send us a note.
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| Copenhagen, 22.10.2024 – COBOD International, the global leader in 3D construction printing technology, proudly introduces the BOD3 3D Construction Printer for 3D printing of real concrete. Equipped with an extendable ground-based track system, the BOD3 advances the construction process by eliminating printer downtime between multiple buildings on the same site, setting a new benchmark for productivity and efficiency. The BOD3 is the most advanced solution for high-volume low-rise construction and a very effective alternative to conventional construction methods.
The heart and key feature of the new BOD3 3D printer is the advanced extendable ground-based track system. This system enables limitless extension along the Y-axes (length), expanding the printable area to cover 2 or 3 buildings, and reducing setup time to a single installation for multi-building projects. It’s a game-changer, allowing continuous, uninterrupted printing across large sites, increasing efficiency for high volume and mass production at an unmatchable scale.
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Render of COBOD BOD3 3D Construction Printer. |
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The BOD3, COBOD’s third printer model, is the outstanding achievement of years of dedicated research, development, and close collaboration with customers. It is a vital advancement in automated construction technology, directly addressing the urgent global demand for faster, smarter, more efficient and sustainable building solutions. Like every COBOD 3D printer, the BOD3’s modular design offers customization, allowing it to easily adapt to any customer’s size wishes in addition to complying with the various sizes of construction sites anywhere in the world. The BOD3 follows COBOD’s vision to build smarter through automation. Its operational stand combines the control and monitoring of both the 3D printer and supplementary equipment in one user-friendly system. The Advanced Hose Management System (AHMS) transports 3D printable material from the materials delivery system to the printhead via hoses secured within E-chains, minimizing physical labor and optimizing material flow. With the addition of the dual dosing system for additives, operators can better control the concrete and adapt it to onsite environmental conditions. By introducing additives directly at the printhead, the system reduces drying time between layers, speeding up the overall construction process. Designed for easy operation and precision, the BOD3 can be operated by a small, trained, and certified team, reducing the costs of projects. Incorporating the innovative Universal X-Carriage, the BOD3 is ready for future COBOD advancements and technologies, like the introduction of additional tools for the printer aimed at insulating, painting, sanding, etc. This ensures long-term versatility and performance that will keep the BOD3 at the forefront of the industry for years to come.
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Universal X-Carriage with Printhead. |
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Already deployed to the global market, the BOD3 is currently active in Indonesia, by Modula Tiga Dimensi, Angola, by Power2Build, and Bahrain, by Ab’aad 3D. The customers report faster project execution with near-zero downtime between individual buildings on the same site. The projects showcase the BOD3’s ability to speed up construction and print with real concrete, with 99% locally sourced materials and 1% of innovative D.fab, a co-developed solution by COBOD and Cemex to make concrete 3D printable. Henrik Lund-Nielsen, Founder and General Manager of COBOD, commented on the BOD3: “The global housing crisis demands a more efficient construction solution that is faster, more efficient, and scalable. The BOD3 is our answer to this challenge. Drawing on years of research and expertise, we’ve designed the BOD3 with innovative features, making it our most cost-effective and efficient model yet for multiple low-rise buildings. Its design supports high-volume, linear production of houses, enabling mass production without compromising quality. The fact that six units have already been sold before its official launch speaks volumes about the BOD3’s market demand and the trust our customers place in our technology.” Michael Holm, Chief Innovation Officer at COBOD, states, “The advanced ground-based track system was developed as a response to our customers’ needs to increase efficiency and productivity. Now the 3D construction printer can be easily extended, and multiple consecutive structures can be printed with minimal repositioning and zero downtime between projects, making 3D construction printing more efficient than ever before.”
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The BOD3 is now available for purchase worldwide; for more information, please visit our website, www.cobod.com, or contact us at info@cobod.com.
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RELEVANT LINKS
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ABOUT COBOD COBOD stands as the global leader in supplying 3D printers for the construction sector, with over 80 printers distributed across North and Latin America, Europe, the Middle East, Africa, and Asia-Pacific. Driven by a mission to revolutionize construction through multifunctional robots based on 3D printing, COBOD envisions automating half of the construction processes to achieve faster, cost-effective, sustainable results with enhanced design versatility. From residential, commercial, and public buildings, COBOD’s 3D printers have been instrumental in erecting 1- to 3-story structures across all six inhabited continents. The innovative technology also extends to fabricate large-scale data centers, wind turbine towers, tanks, and more. Embracing an open-source material approach, COBOD collaborates with global partners, including customers, academia, and suppliers. The company, backed by prominent shareholders such as General Electric, CEMEX, Holcim, and PERI, operates from its main office in Copenhagen, Denmark, and regional competence centers in Miami, Florida, and Kuala Lumpur, Malaysia. COBOD’s dynamic team comprises over 100 professionals from 25 diverse nationalities.
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ABOUT MODULA TIGA DIMENSI PT Modula Tiga Dimensi is a joint venture between Bakrie & Brothers (BNBR) and COBOD. BNBR focuses on offering and providing solutions for housing backlog problems currently encountered by the country. Teaming up with COBOD International, the company is now set to adopt the latest 3D printing construction technology and is ready to offer the Indonesian market a new and better solution to housing obstructions.
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ABOUT POWER2BUILD Power2Build is a technology company for the construction industry, prepared to establish partnerships with private, public, and non-governmental organizations (NGOs) so that they can make the transition to Build 4.0 through 3DCP. We offer our clients value-added services and high-quality projects, always with a multidisciplinary approach that brings together the necessary experience to deal with complex issues. |
SAN FRANCISCO (AP) — Artificial intelligence‘s recent rise to the forefront of business has left most office workers wondering how often they should use the technology and whether a computer will eventually replace them.
Those were among the highlights of a recent study conducted by the workplace communications platform Slack. After conducting in-depth interviews with 5,000 desktop workers, Slack concluded there are five types of AI personalities in the workplace: “The Maximalist” who regularly uses AI on their jobs; “The Underground” who covertly uses AI; “The Rebel,” who abhors AI; “The Superfan” who is excited about AI but still hasn’t used it; and “The Observer” who is taking a wait-and-see approach.
Only 50% of the respondents fell under the Maximalist or Underground categories, posing a challenge for businesses that want their workers to embrace AI technology. The Associated Press recently discussed the excitement and tension surrounding AI at work with Christina Janzer, Slack’s senior vice president of research and analytics.
Q: What do you make about the wide range of perceptions about AI at work?
A: It shows people are experiencing AI in very different ways, so they have very different emotions about it. Understanding those emotions will help understand what is going to drive usage of AI. If people are feeling guilty or nervous about it, they are not going to use it. So we have to understand where people are, then point them toward learning to value this new technology.
Q: The Maximalist and The Underground both seem to be early adopters of AI at work, but what is different about their attitudes?
A: Maximalists are all in on AI. They are getting value out of it, they are excited about it, and they are actively sharing that they are using it, which is a really big driver for usage among others.
The Underground is the one that is really interesting to me because they are using it, but they are hiding it. There are different reasons for that. They are worried they are going to be seen as incompetent. They are worried that AI is going to be seen as cheating. And so with them, we have an opportunity to provide clear guidelines to help them know that AI usage is celebrated and encouraged. But right now they don’t have guidelines from their companies and they don’t feel particularly encouraged to use it.
Overall, there is more excitement about AI than not, so I think that’s great We just need to figure out how to harness that.
Q: What about the 19% of workers who fell under the Rebel description in Slack’s study?
A: Rebels tend to be women, which is really interesting. Three out of five rebels are women, which I obviously don’t like to see. Also, rebels tend to be older. At a high level, men are adopting the technology at higher rates than women.
Q: Why do you think more women than men are resisting AI?
A: Women are more likely to see AI as a threat, more likely to worry that AI is going to take over their jobs. To me, that points to women not feeling as trusted in the workplace as men do. If you feel trusted by your manager, you are more likely to experiment with AI. Women are reluctant to adopt a technology that might be seen as a replacement for them whereas men may have more confidence that isn’t going to happen because they feel more trusted.
Q: What are some of the things employers should be doing if they want their workers to embrace AI on the job?
A: We are seeing three out of five desk workers don’t even have clear guidelines with AI, because their companies just aren’t telling them anything, so that’s a huge opportunity.
Another opportunity to encourage AI usage in the open. If we can create a culture where it’s celebrated, where people can see the way people are using it, then they can know that it’s accepted and celebrated. Then they can be inspired.
The third thing is we have to create a culture of experimentation where people feel comfortable trying it out, testing it, getting comfortable with it because a lot of people just don’t know where to start. The reality is you can start small, you don’t have to completely change your job. Having AI write an email or summarize content is a great place to start so you can start to understand what this technology can do.
Q: Do you think the fears about people losing their jobs because of AI are warranted?
A: People with AI are going to replace people without AI.
The Canadian Press. All rights reserved.
WASHINGTON (AP) — The Biden administration said Tuesday that it would provide up to $325 million to Hemlock Semiconductor for a new factory, a move that could help give Democrats a political edge in the swing state of Michigan ahead of election day.
The funding would support 180 manufacturing jobs in Saginaw County, where Republicans and Democrats were neck-in-neck for the past two presidential elections. There would also be construction jobs tied to the factory that would produce hyper-pure polysilicon, a building block for electronics and solar panels, among other technologies.
Commerce Secretary Gina Raimondo said on a call with reporters that the funding came from the CHIPS and Science Act, which President Joe Biden signed into law in 2022. It’s part of a broader industrial strategy that the campaign of Vice President Kamala Harris, the Democratic nominee, supports, while Republican nominee Donald Trump, the former president, sees tariff hikes and income tax cuts as better to support manufacturing.
“What we’ve been able to do with the CHIPS Act is not just build a few new factories, but fundamentally revitalize the semiconductor ecosystem in our country with American workers,” Raimondo said. “All of this is because of the vision of the Biden-Harris administration.”
A senior administration official said the timing of the announcement reflected the negotiating process for reaching terms on the grant, rather than any political considerations. The official insisted on anonymity to discuss the process.
After site work, Hemlock Semiconductor plans to begin construction in 2026 and then start production in 2028, the official said.
Running in 2016, Trump narrowly won Saginaw County and Michigan as a whole. But in 2020 against Biden, both Saginaw County and Michigan flipped to the Democrats.
The Canadian Press. All rights reserved.
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