McKinsey estimates that retailers with autonomous AI systems are growing 50 per cent faster than competitors. Cognizant projects $4.4 trillion in additional spending over the next five years from customers embracing AI. Agents are not an investment in the future of retail, they are already the present, and those who delay to act today risk having to make up for a hard-to-fill disadvantage tomorrow
The government, on energy, is in a huge conflict of interest, which is why prices do not fall: Snam, Italgas and Terna beat Microsoft, Alphabet (Google) and Meta (Facebook). Italy’s publicly controlled companies that transport or distribute gas and electricity to citizens and businesses are more profitable than some of the world’s largest, most technologically advanced and important companies in the business of the future: cloud, data centres and artificial intelligence. In short, Big Energy beats Big Tech
The first attribution study on Cyclone Harry confirms the role of climate change being denied and ‘cancelled out’ by Trump. And in Europe, losses from extreme weather events since 1980 have amounted to €822 billion, growing exponentially in recent years
It is a pity that no Italian company has had the size but above all the vision to approach the world as these giants have done. In Italy everyone thought: e-commerce must be sustainable on its own. It happened to Esselunga at home until it had no rivals, but Amazon and Walmart disprove this vision. E-commerce is sustained by other, more profitable revenues
“49% of young people now consult ChatGpt for eCommerce and soon this trend will also reach Europe. Walmart has made a deal with OpenAi because they want to control the flow of information: lists, prices and more’. The future of eCommerce has arrived
And as we write, 98% of 88VIP customers in China are already deciding where to spend their next money. WeChat knows where and when. Alipay knows the optimal pricing. The advertising system knows which message is most effective for that person, at that time, on that category. Europe is still debating whether GDPR allows data sharing.
Today, eCommerce food & grocery, although still representing a limited share of the overall turnover of food distribution, has in several cases reached economically sustainable models. This topic was discussed at the eCommerce Food Conference during a round table discussion between Giuseppe Caprotti and Mario Gasbarrino, two historical protagonists of Italian large-scale retail, moderated by Cristina Lazzati, director of Mark Up and Gdoweek
The two Ferreros are travelling in parallel with the aim of doubling the firepower of the world’s third largest confectionary industrial group after Mars and Mondelez within a few years
A planetary trade war, eminently political, in which the Chinese and Americans are the ‘masters’ and Europe, apart from a few rare exceptions – such as Lidl – has stood by and watched
We often imagine the Made in Italy agri-food industry as a self-sufficient system, capable of producing all the raw materials it uses in-house. The reality is quite different
Francesco Mutti , president of Centromarca (Confindustria), would be 100% right if: 1) Italy on food labelling had not made a lot of trouble 2) we did not have ‘black sheep’ – like Petti – who have damaged Italy’s image 3) our country did not profusely exploit workers in the fields
Mercosur: it is obvious that the ‘invasion’ risk of uncontrolled products, without the safeguard clauses, is likely to exacerbate the risks to our health. But the real problem is that in the European Union there are ‘derogation’ authorisations that allow prohibited substances to be used by member countries to compete unfairly with their neighbours. So before lashing out at Mercosur, perhaps we need to put things in order in Europe
