In normal times, package pileups would be a catastrophe for logistics companies. But there's nothing normal about 2020 trib.al/74fyIlR
In the spring, it was toilet paper shortages. Now there's a new supply chain nightmare:
A lack of recyclable materials is causing a shortage of small boxes, the one thing that’s integral to the e-commerce industry, especially during the holidays twitter.com/i/broadcasts/1…
Consumers are avoiding physical stores and expect quick shipments, so there’s an increased demand for packaging:
⏳Lead times are stretched out
🎁Consumers are buying last-minute gifts
🚚UPS and FedEx are at peak capacity trib.al/74fyIlR
Delivery firms have been operating under peak-season-like conditions for months now as the pandemic has driven more consumers to online shopping for everyday goods.
With a surge of holiday orders, it’s not surprising that capacity is being stretched trib.al/74fyIlR
Demand during the peak season between Thanksgiving and Christmas is expected to exceed 86 million packages per day, but there’s only capacity for 79.1 million.
That leaves a gap of 7 million packages per day trib.al/74fyIlR
As the onslaught of e-commerce orders continues, there are bound to be big pileups.
Given that we’re about a week away from unwrapping gifts, online purchases you make now probably aren’t guaranteed to be under the tree on Christmas morning trib.al/74fyIlR
Which brings us to the topic of free shipping, a luxury that we took for granted in a pre-coronavirus world.
As the pandemic took hold, online shoppers became less concerned about when their delivery would show up and were just happy if it arrived at all trib.al/QHVIl6a
Many smaller businesses have been forced to shutter their physical stores.
As they dig themselves out of that hole, we might start to see shipping fees rise or new incentives to use a buy-online, pick-up-in-store model trib.al/QHVIl6a
As a consumer, how can you help out? Shop locally by buying a present in town — you can even do curbside pickup if need be. This ends up:
✅Supporting the environment
✅Helping small businesses
✅Ensuring you get your gift in time
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A new debate has erupted after Citigroup announced its new sabbatical policy — 12 weeks at 25% pay for employees that have been at the bank for five years.
In the competitive world of finance, is it a career-killer to take advantage of that kind of deal? trib.al/GTdKLf6
In 2018, the average American full-time employee earned 23 paid days off a year, but only used 17 of them.
That’s six days of PTO left on the table — the equivalent of handing a week’s salary back to your employer trib.al/GTdKLf6
When you consider that the U.S. has the rich world’s stingiest vacation policies, this becomes even more depressing.
Other forms of paid leave — like family leave — also see a significant number of people leaving time on the table, especially men trib.al/GTdKLf6
Now that Bitcoin has topped $20,000 for the first time, should you shift your hard-earned cash into digital currencies?
History suggests caution should be your watchword, no matter how strong the FOMO may be trib.al/Ytoljve
Institutional investors might be starting to take cryptocurrencies more seriously.
One River Asset Management has set up a fund company that will have about $1 billion in Bitcoin and fellow digital coin Ether by early next year suggests trib.al/Ytoljve
There’s clearly serious money involved:
CEO Eric Peters told our colleague Erik Schatzker that billionaire hedge fund manager Alan Howard is buying a stake in the new business, called One River Digital Asset Management trib.al/Ytoljve
After decades of bitter fights, environmentalists seemed to be winning the war against single-use plastics, until 2020.
Covid-19 raised fears that reusable goods might lead to infections, leading Americans to ditch their reusable totes for plastic-bags bloomberg.com/opinion/articl…
Another unavoidable sight of 2020 has been the blue face mask lying on the sidewalk.
Whether it’s masks, plastics straws, or grocery bags, these objects don’t pollute much on their own, but they're indicative of a larger issue within the world of waste twitter.com/i/broadcasts/1…
2020 also brought false memes about recycling bins being a big lie.
Between cooking more at home and buying more takeout, we are generating a lot more plastic waste, so keep on putting those containers in the bin, and clean them out before you do so bloomberg.com/opinion/articl…
In 1797, President George Washington was determined to unambiguously hand over the nation’s reins for the first time.
He attended the inauguration ceremony of John Adams to show his support. Unfortunately, Adams struggled to follow Washington’s lead bloomberg.com/opinion/articl…
Adams wouldn’t be the last leader to act out during these critical moments for American democracy.
On his first full day as president, John Adams found the time to complain to his wife in a letter about Washington’s magnanimous behavior bloomberg.com/opinion/articl…
Washington, he wrote, “seemed to enjoy a triumph over me. Methought I heard him say, ‘Ay, I am fairly out and you fairly in! See which of us will be happiest!”
Vaccines can be scary. You’re asking healthy people to roll up their sleeves and take a mysterious shot.
But the Covid-19 vaccine trial results should be reassuring: The associated risks are tiny compared to risks associated with getting the virus itself trib.al/euxV1y6
The risks of taking a vaccine are minuscule compared to the struggles we’ve faced in the pandemic and our interventions to try to stop it: