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UK retailer ASOS & Microsoft sign 3-Year AI-Driven partnership

ASOS has signed a three-year deal with Microsoft to boost efficiency and innovation through AI. The partnership includes tools like Microsoft Copilot, Power Automate, and Azure, enabling ASOS to automate processes and enhance customer experiences. This allows employees to focus on creativity while AI handles routine tasks, driving data-driven decisions.




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Coats Digital's FastReactFabric wins top honours at SaaS Awards 2024

Coats Digital's FastReactFabric has won 2 prestigious categories at the 2024 SaaS Awards: Most Agile/Responsive SaaS Solution of the Year and Best SaaS Product for CSR, Sustainability & ESG. Recognised for its transformative impact on the fashion industry, FastReactFabric enhances efficiency, transparency, and sustainability across the global supply chain.




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Thai company Pilot Knit adopts Coats Digital’s FastReactPlan

Coats Digital has announced that Thailand's Pilot Knit Garment has adopted its FastReactPlan solution to transform manual planning processes, improve efficiencies, and reduce lead times. This integration enhances visibility, streamlines production, and supports future growth for the sportswear manufacturer, part of the Yong Udom Textile Group.




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US’ Ralph Lauren’s Q2 earnings exceed projections; raises FY25 outlook

Ralph Lauren Corporation reported Q2 FY25 earnings per diluted share of $2.31, up 5 per cent YoY on a reported basis, and $2.54 adjusted, a 21 per cent increase. Net revenue rose 6 per cent to $1.7 billion, while gross profit reached $1.2 billion with a margin of 67.0 per cent. Regional revenues grew, driven by strong results in Asia, Europe, and North America.




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UK’s Burberry welcomes back Paul Price in expanded leadership role

Paul Price, former Burberry chief merchandising officer, returns to lead merchandising, planning, licensing, architecture, and showroom teams, starting December 9, 2024. Reporting to CEO Joshua Schulman, he joins Burberry’s executive committee. Price, praised for his past contributions, expressed excitement to drive Burberry’s next phase of growth.




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Richemont's H1 sales hold steady, operating profit drops 17%

Richemont reported resilient performance for H1, with sales reaching €10.1 billion (~$10.89 billion), a 1 per cent decline at actual exchange rates but stable at constant rates. Operating profit dropped 17 per cent to €2.2 billion, impacted by foreign exchange issues and reduced activity in Asia Pacific, particularly China. Direct-to-client sales comprised 76 per cent of total sales.




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Canada Goose Q2 shows steady progress despite challenging environment

Canada Goose has reported a 5 per cent YoY revenue drop to CAD $267.8 million (~$192.43 million) in Q2 FY25. Direct-to-consumer revenue declined 5 per cent, and wholesale revenue decreased 15 per cent due to planned inventory adjustments. Gross margin fell to 61.3 per cent. Revised FY25 guidance forecasts a slight revenue change, with adjusted EBIT margin at -60 to +60 basis points.




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Cotton yarn prices steady in south India; Mumbai faces trading slump

Cotton yarn prices in south India remained steady, with limited trading in Mumbai due to post-festival worker shortages and better but cautious activity in Tiruppur. Buyers are focusing on immediate needs, anticipating peak cotton arrivals, which may lower prices. In Gujarat, cotton prices rose due to increased demand from ginners and mills despite limited seed cotton arrivals.




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US' textiles & apparel imports ease 0.8% in Jan-Sept 2024

US textile and apparel imports fell by 0.80 per cent to $80.449 billion from January to September 2024, compared to $81.094 billion in 2023. Apparel imports dropped by 2.57 per cent, while non-apparel imports rose by 4.55 per cent. China remained the top supplier, despite a 2.28 per cent decrease. Growth was seen in imports from Cambodia, Pakistan, India, and Vietnam.




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5 No-Cost Learning Resources for LLM Agents

Curious about LLM agents? Here’s a list of free courses, guides, and blogs that make it easy to start learning and stay updated.




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How to Learn AI the Lazy Way

Embrace your inner lazy learner and focus on being efficient with your time and energy.




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1 Key Reason Palantir Stock Has the Potential to Be the "Next Nvidia Stock"




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Nvidia Stock Slips. SoftBank Deal Tells Us This About Its AI Chips.




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Tesla Stock Rises. Elon Musk Will Lead New Government Department for Trump.




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Trump Reportedly Urges Russian President To Deescalate War With Ukraine: Here's How Crude Oil WTI Futures Are Reacting




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Warren Buffett's Favorite Energy Stock Delivers Earnings Beat; Cuts Debt




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The International Drive Resort Area Offers Year-Round, Championship Golf in a Vacation Paradise

The I-Drive area is known for its world famous attractions, non-stop entertainment, great dining and shopping and it is home to the second largest convention center in the U.S. And Orlandos tourist corridor also provides a golf mecca known for its championship courses designed by legends to provide play year-round in this vacation destination.




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Families Make Unforgettable Vacation Memories...Endless Family Fun in the I-Drive Resort Area

Family fun is what it is all about in the International Drive Resort Area! And there is always something new for families to explore.




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Shopping Addictions Satisfied Here!!! International Drive Resort Area Offers Orlando Visitors Endless Shopping for Hot Bargains!

As one of the top five most popular shopping destinations in the U.S., Orlando is a shoppers paradise. And the I-Drive area is well-known for its designer outlets and great bargains.




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Weddings - Say I do and Celebrate the Wedding of Your Dreams in the International Drive Resort Area

Orlando is one of the worlds most popular wedding and honeymoon destinations. Situated in the center of all of the magic, it is no wonder that the International Drive Resort Area provides destination wedding locations that range from tropical to romantic to themed for an unforgettable day for the couple as well as the guests.




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From the Worlds Largest to the Worlds Best, the I-Drive Resort Area Offers Endless Dining Adventures!

Dining is just one more adventure for visitors to the International Drive Resort Area! With a surprisingly diverse array of epicurean delights, culinary choices include American, Brazilian, Caribbean, Chinese, Greek, Ethiopian, Irish, Italian, Japanese, Mediterranean, Mexican, Italian and Thai.




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Pet-Friendly - International Drive Resort Area Has Gone to the Dogs!

If you cant leave home without your four-legged family member, there are lots of choices in the International Drive Resort Area that will cater to your pet while you visit!




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Family reunions - magical gatherings in the International Drive Resort Area

Reconnect. Celebrate cherished family memories. Enjoy being together. Make some new memories. Have fun. Laugh until you cry. This is what family reunions are all about.




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Connected Smart Buildings Form Communities of Clean Power

Connected Smart Buildings Form Communities of Clean Power cbeaty Fri, 11/18/2022 - 15:18

Connected Smart Buildings Form Communities of Clean Power

The role of buildings in advancing clean and efficient energy technology has been well established.

Now buildings are getting smarter and are connecting to form their own communities that achieve even greater levels of energy innovation.

On Nov. 2, 2022, the U.S. Department of Energy (DOE) kicked off what it is referring to as a “new era for grid-efficient buildings.” The event marked the launch of the DOE’s Connected Communities cohort. This is a collaboration of nine projects, each of which were awarded funding by the DOE for their own innovation in connected energy-efficient buildings. The Lawrence Berkeley National Laboratory is acting as the national coordinator for this cohort.

The DOE’s Connected Communities is intended to drive innovation in building energy consumption by emphasizing how groups of buildings can work together to maximize the use of distributed energy resources (DERs) such as solar power, energy efficiency, electric vehicles, battery storage and other state-of-the-art technology.

The DOE defines a connected community as a group of grid-interactive efficient buildings with diverse, flexible end-use equipment and other DERs that work collectively to maximize building, community and grid efficiency while still meeting occupants’ needs and comforts.

Last year, the department issued a large funding opportunity announcement and selected projects that demonstrate how connected communities can serve as assets to the electrical grid. The cohort that was kicked off earlier this month represents a collaboration of the nine projects that were awarded funding. They will share information, challenges and best practices to achieve greater building energy efficiency through connectivity.

One example of an awarded project is The Ohio State University’s cybersecure orchestrated control of DERs across an array of diverse campus buildings.

Another cohort is the utility Portland General Electric that is working to achieve 1.4 megawatts (MW) of flexible loads by retrofitting nearly 600 commercial and residential buildings.

Similarly, in Spokane, Wash., Edo Energy is striving to achieve between 1 and 2.3 MW of flexible loads by retrofitting heat pumps, water heaters, control systems and other resources in an all-electric virtual power plant that will help defer capital investment for a 55-MW peak substation.

In Raleigh, N.C., IBACOS Inc. will connect hundreds of new and existing homes to solar power, battery storage and smart thermostats.

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Increased Use of Robots for Warehouse Automation and More

Increased Use of Robots for Warehouse Automation and More cbeaty Tue, 11/29/2022 - 09:06

Increased Use of Robots for Warehouse Automation and More

Research and development in the use of robotics in warehouse and industrial settings is gaining momentum, fueling impressive growth in the market sector.

“Warehouse Robotics Market,” a June 2022 report from Future Market Insights (FMI), reveals that the global warehouse robotics market is projected to reach a value of more than $9.5 billion by 2032. In 2022, the market was on pace to exceed $5 billion, rising at a notable 13% compound annual growth rate throughout the forecast period. Robotics leverage digital technologies and computerization with artificial intelligence (A.I.) and machine learning to automate a host of operations.

“The market is likely to be driven by the growing trend of industrialization and the implementation of Industry 4.0,” according to the report.

Robotics services

Warehouse robotics are used in a variety of automated systems to bring greater efficiencies to processes in fulfillment, inventory and distribution. Different types of robotics, according to 6 River Systems, include automated guided vehicles for material and supply transport; automated storage and retrieval systems for inventory management; cobots, or collaborative robotics used to assist human personnel in performing tasks in the warehouse; articulated robotic arms that move products within warehouses; and goods-to-person systems that transport items to stationary pick stations.

Warehouse robots are applicable to many markets, including food and beverage, automotive, pharmaceuticals, electronics, construction, defense and oil and gas. Companies are investing huge dollars in research and development activities in the warehouse robotics market, especially in developed countries, for product innovation, more advanced automation and pursuit of quality production and manufacturing.

According to FMI, Amazon installed almost 15,000 robots in its U.S. warehouses to cut operations costs by one-fifth and meet increasing consumer demand. It used technology developed by Kiva Systems, a robotics company it would later purchase and rename Amazon Robotics. In October 2021, Amazon announced the opening of a new first-of-its-kind robotics manufacturing facility in Westborough, Mass. Amazon also unveiled plans to purchase iRobot in August 2022.

Market drivers and restraints

Important market drivers for the warehouse robotics market, according to FMI, include increasing demand of automation for time savings and cost reductions, increasing number of stock-keeping units, increasing demand and awareness toward quality and safety production, advancement in technology and increased use in various applications and industries such as food and beverage and electronics.

Some of the barriers cited in the report as potentially hampering the growth of the warehouse robotics market are the initial high adoption cost related to training and deployment, lack of awareness and difficulty in interacting with robots for some end-users.

The digital transformation and Industry 4.0 continue to revolutionize the way companies manufacture, improve and distribute products. Manufacturers are integrating new technologies, including internet of things, cloud computing, analytics, A.I. and machine learning into their production facilities and throughout their operations. That value proposition now includes robotics, for specific tasks and lessening the overall cost burden on the end-user.

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Great Leaders Use Tough Love to Improve Performance

Frances Frei, professor at Harvard Business School, says that trust, empathy - and even a bit of tough love - are all essential ingredients to strong leadership in today's world. Successful managers focus on the effect they have on others, not themselves. They also define a strategy and create a culture that drives employee behavior in their absence. Frei is the coauthor, along with Anne Morriss, of the book "Unleashed: The Unapologetic Leader’s Guide to Empowering Everyone Around You" as well as the HBR article “Begin with Trust.”




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Megan Rapinoe on Leading — On and Off the Field

Megan Rapinoe, U.S. women's soccer star and World Cup champion, knows how to perform under pressure, motivate her teammates, and advocate for the causes she believes in. In addition to her stellar play as a professional athlete, she's been outspoken about racial justice, LGBTQ rights, and gender pay equity. She offers lessons on overcoming losses, growing into a leadership role, becoming an ally, and operating as your authentic self.




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Breaking Down Bureaucracy and Building Up Workers

Gary Hamel and Michele Zanini, cofounders of the consultancy Management Lab, say that even though we all lament how rigid, parochial, and time sucking bureaucracies can be, they still seem inescapable. The managers who’ve excelled in them often don’t know how to dismantle them — or else they don’t want to. But Zanini and Hamel have studied and collaborated with innovative organizations, and they outline bottom-up ways to empower workers and hack management. Hamel and Zanini wrote the new book “Humanocracy: Creating Organizations as Amazing as the People Inside them.”




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Creating More Resilient Supply Chains

Willy Shih, professor at Harvard Business School, says that the complex, global, and just-in-time manufacturing processes we've developed in recent decades are highly susceptible to breakdowns, especially during a global pandemic. He explains why the shortages we’ve seen in 2020 - in goods from toilet paper to appliances - are indicative of a bigger problem and talks through ways can businesses protect themselves and consumers in the future. Shih is the author of the HBR article "Global Supply Chains in a Post-Pandemic World."




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How to Build Workplaces That Protect Employee Health

John Macomber, senior lecturer at Harvard Business School and a veteran of the real estate industry, was studying ways to make workplaces safer for employees long before the Covid-19 crisis hit. Now that issues like air and water quality are top of mind, he is encouraging organizations to think more holistically about the buildings in which they operate, balancing cost efficiency and even eco-friendliness with investments in improvements that boost health. Studies show this will not only stop workers from getting sick; it will also enhance productivity, which ultimately helps the bottom line. Macomber is the author of the book “Healthy Buildings: How Indoor Spaces Drive Performance and Productivity”.




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Defining and Adapting Your Leadership Style

Suzanne Peterson, associate professor at Thunderbird School of Global Management, says many talented professionals get held back from leadership roles because of relatively intangible reasons. She argues aspiring managers can intentionally alter their everyday interactions in small ways to have a large influence on their professional reputation. She explains how to adopt markers of different leadership styles to be seen as both influential and likable. Peterson is a coauthor of the HBR article “How to Develop Your Leadership Style: Concrete Advice for a Squishy Challenge.”




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Women at Work: Too Shy to Be a Leader

Women at Work is a podcast from Harvard Business Review that looks at the struggles and successes of women in the workplace, hosted by HBR's Amy Bernstein, Amy Gallo, and Emily Caulfield. In this episode, you'll hear about the tension that comes from feeling like you are a shy person, but also an ambitious one who want to lead a team. Former clinical psychologist Alice Boyes gives advice on the professional advantages of certain personality traits related to shyness — like sensitivity and thoughtfulness — and discusses strategies to overcome the aspects of them that may hold you back at work.




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What Business Leaders Should Know About Cryptocurrency

Jeff John Roberts, an author and journalist, dug deep into the world of cryptocurrency to figure out what the rest of us really need to know about it. He acknowledges that the proliferation and volatility of digital currencies can make them seem like a fad but argues that the oldest among them -- bitcoin -- and the blockchain technology behind it are here to stay because they offer a more efficient way for companies and consumers to transact. He describes in plain English how crypto works and explains why now is the time for forward-thinking business leaders to understand -- and adapt to -- this new kind of currency. Roberts is the author of the book "Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street."




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When to Team Up with Your Competition

Barry Nalebuff, professor at Yale School of Management and cofounder of Honest Tea, says too many companies shy away from cooperating with a competitor, and they’re leaving value on the table. He says even when working with other companies to find mutual benefits is not a clear win, cooperating may still be better than not cooperating. He shares how Honest Tea, Apple, Ford, and other firms analyze and capitalize on opportunities without giving up their secret sauce. Nalebuff is the author, with NYU Stern professor Adam Brandenburger, of the HBR article "The Rules of Co-opetition."




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Stop Micromanaging and Give People the Help They Really Need

Colin Fisher, associate professor at University College London's School of Management, conducted in-depth studies at several companies to determine how managers can effectively help employees who need assistance without demoralizing them. He found that the most effective helpers were the ones who clearly communicated their intentions, timed their interventions at points when people were most receptive, and figured out a rhythm of involvement that best suited their needs. He shares examples from different firms to illustrate what works and what doesn't, in person and online. Fisher is the coauthor of the HBR article "How to Help (Without Micromanaging)."




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Goodbye Bureaucracy, Hello Common Sense

Martin Lindstrom, founder and chairman of Lindstrom Company, says that many companies are still held back by doing things the way they've always done them, or failing to break down bureaucracy. For Lindstrom, it's not just about getting away from bureaucratic norms for the sake of innovation, but because so many things workers do each and every day don't actually make much sense. He suggests workers, leaders, and organizations consider ways in which processes can be improved - and the ways these new processes can improve life for everyone. And he argues that companies should actually devote a team or department to making sure common sense is used throughout the organization. Lindstrom is the author of the book "The Ministry of Common Sense: How to Eliminate Bureaucratic Red Tape, Bad Excuses, and Corporate BS."




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Taking on a Senior Leadership Role Remotely

Muriel Wilkins, cofounder of the executive coaching firm Paravis Partners, says that starting a leadership role at a new company or via internal promotion is demanding. Doing so remotely during the Covid-19 pandemic is even more challenging. She says that new senior leaders must focus on two things: connectivity and credibility. And she explains how to build those attributes when much of the job is performed virtually. Wilkins is the host of the new HBR Presents podcast “Coaching Real Leaders.”