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☆ Ikea's fleet of 250 autonomous drones takes stock of warehouse inventory without any human intervention
▼ + stars: | 2024-09-20 | by ( John Kell | ) www.businessinsider.com time to read: +9 min

Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. They're more self-sufficient, too: For every 10 minutes that a Verity drone is in flight, it charges for 20 minutes. Ikea's investments in Verity's drone technology fit into its broader strategy to explore and test newer supply-chain technologies. Jönsson added that deploying drones has allowed employees to have more time for analyzing inventory data. Before using warehouse drones, workers would check thousands of pallets repeatedly in order to manage inventory.

Persons: Verity, —, Raffaello D'Andrea, — there's, Uber, Jeff Bezos, Bezos, Domino's, there's, DroneUp, D'Andrea, Verity hasn't, it's, Moller, Erik Jönsson, they're, haven't, Jönsson Organizations: Ikea, Chain Management, Service, Amazon, Walmart, Companies, McKinsey & Company, McKinsey, Ikea's, Ingka, Maersk, Samsung Group, Ingka Investments, Nvidia, Federal Aviation Administration, Investors, Kiva Systems, Amazon Robotics, Qualcomm Ventures, A.P, Moller Holding, Exor Ventures Locations: Switzerland, Swiss, Dutch, —, Zealand, Arizona , Florida, Utah, Dallas

☆ Nike and Adidas veterans are backing a $125M project seeking to revitalize the Portland sportswear industry
▼ + stars: | 2024-09-19 | by ( John Kell | ) www.businessinsider.com time to read: +10 min

The Northeast is the ancestral home of footwear manufacturing in the US, where New Balance still assembles more than 4 million pairs of sneakers each year. But that could soon change with a plan for a $125 million development campus called Made in Old Town. At the federal level, the US government has offered billions in subsidies to support manufacturing, mostly targeting the auto, semiconductor, and solar industries. With the Made in Old Town project, the aim is to generate about 6,000 full-time jobs in Portland by as soon as 2028. A long way to goThe Made in Old Town project is still in its early stages, having raised $15 million of its $125 million goal.

Persons: Portland's, Hilos, —, Keen, Elias Stahl, Portland's Hilos, Stahl, they're, Eric Liedtke, Liedtke, They've, Alo, Armour, Tina Kotek, Noel Kinder, Nike's, Kinder Organizations: Technology Association of Oregon, Chain Management, Service, Nike, Adidas, Bureau of Labor Statistics, Factory, Brands, Columbia, Midwest ., Gov Locations: Old Town, Portland , Oregon, Columbia, Portland's Old, Portland, Vietnam, China, Asia, Old, Germany, North America, Atlanta, Midwest

☆ PepsiCo is using robotics and AI-powered crop planning to transform its supply chain
▼ + stars: | 2024-07-26 | by ( John Kell | ) www.businessinsider.com time to read: +6 min

PepsiCo says it's two-thirds of the way done with an overhaul of its supply chain. This article is part of "The Future of Supply-Chain Management," a series on companies' manufacturing and distribution strategies. With more automation, workers are doing fewer physical tasks, like driving a forklift, and far more oversight of the machines taking over those tasks. Workers at manufacturing facilities and distribution centers and the unions that represent them often bristle at automation, which can lead to layoffs. Even as it has invested in automation, PepsiCo's total workforce has swelled: It grew by 20%, to 318,000, over the five years that ended in 2023.

Persons: it's, —, Gregg Roden, he'd, Roden, Athina, Campbell, Kanioura Organizations: PepsiCo, Chain Management, Service, Gatorade, Frito, Microsoft, Workers, Tyson Foods, Food, McKinsey Locations: Doritos, North America

☆ A Fashion Show at Anna Delvey’s House? Is That What It Takes?
▼ + stars: | 2023-09-12 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

And she didn’t just lend her (fake) name to the invitation: She lent her address too, co-hosting the event at her East Village walk-up. (Well, until her immigration case is resolved, Ms. Sorokin can’t leave the building.) Actually, it was on the silver-painted tar-papered roof of her East Village walk-up. The show was the brainchild of Kelly Cutrone, a fashion publicist who was the subject of the 2010 Bravo reality show “Kell on Earth.” Ms. Cutrone had invited Ms. Sorokin to team up on a “pop-up P.R. Ms. Sorokin does, after all, have a history in understanding the way fashion could be used to manipulate those around her.

Persons: Anna Delvey, Julia Garner, Shao, Shao Yang, Sorokin can’t, Kelly Cutrone, “ Kell, Ms, Cutrone, Sorokin, ”, “, LaCroix seltzers, Delvey, “ We’re Organizations: Netflix, Bravo Locations: New York, Germany

☆ The collapse of the I-95 bridge in Philadelphia should've taken months to repair. Here's how the city fixed it in 12 days.
▼ + stars: | 2023-07-24 | by ( John Kell | ) www.businessinsider.com time to read: +9 min

In June, the collapse of the I-95 bridge in Philadelphia brought one of the city's busiest thoroughfares to a standstill. But in Philadelphia, I-95 reopened just 12 days later, restoring order on one of the busiest thoroughfares in the area. That quick work, Belmonte said, was one of many key decisions that got the reconstruction project moving rapidly. Meanwhile, congestion immediately spiked on the roadways near the I-95 collapse as emergency crews rushed to set up detours. Bartash said her travel time to Bucks County doubled to two and a half hours during the I-95 bridge reconstruction.

Persons: Josh Shapiro, Shapiro, Lou Belmonte, Belmonte, Billy Kyle, guardrails, PennDOT, Inrix, Bob Pishue, Laura Ahramjian, Ahramjian, Stephanie Bartash, Bartash, Jo Bradley, Bradley, It's Organizations: Morning, Pennsylvania, Infrastructure Investment, Jobs, Pennsylvania Department, Transportation, Pennsylvania's Department of Transportation, Buckley, Co, Philadelphia, Pennsylvania Department of Transportation, Pocono, NASCAR, Kittelson, Associates, Bucks, Philadelphia Phillies Locations: Philadelphia, Atlanta, Mississippi, Minnesota, Philadelphia County, Vine, Pennsylvania, Jersey Shore, Delaware, New Jersey, Ambler , Pennsylvania

The Idaho law allows students to sue schools for $5,000 if they encounter a transgender student in a bathroom the law forbids. It effectively puts a "bounty" on transgender students and encourages others to search them out, the lawsuit says. The motion alleges transgender students would be irreparably harmed by being subjected to "profound stigma" and put at higher risk of depression, anxiety and self-harm. "In fact, for years Idaho schools have implemented inclusive policies without harming anyone and only helping to make transgender youth feel safer and more welcome at school." The new law says schools must provide a "reasonable accommodation" for transgender students unwilling or unable to use their assigned bathroom.

Persons: Brad Little, Raul Labrador, Kell Olson, Brendan Pierson, Alexia Garamfalvi, Howard Goller Organizations: Republican, Idaho, of Education, Lambda, Thomson Locations: Idaho, U.S, Boise, New York

☆ British boxer Khan handed two-year ban over failed drug test
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

The UKAD website states that ostarine is a drug designed to have similar effects to testosterone. It is present on the World Anti-Doping Agency's prohibited list as an anabolic agent and is prohibited in sport at all times. Khan, who had expressed concerns over a lack of drug testing before his fight against Brook, accepted that he broke anti-doping rules but said it was not intentional. "Strict liability means Athletes are ultimately responsible for what they ingest and for the presence of any prohibited substances in a sample," UKAD chief executive Jane Rumble said. Reporting by Hritika Sharma in Bengaluru; Editing by Andrew Heavens/Mitch PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ What’s Kellanova? How Kellogg’s Snack Company Got Its New Name
▼ + stars: | 2023-03-15 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

Kellogg Co. is christening its global snacking business Kellanova, following a long tradition of companies borrowing from Latin as they rebrand themselves. By combining the “Kell,” from Kellogg, with “anova,” which incorporates the Latin word “nova,” meaning new, the name reflects the company’s past and its future, according to Kellogg.

☆ Kellogg's snacking unit, which includes Cheez-It and Pringles, gets a new name: Kellanova
▼ + stars: | 2023-03-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Kellogg brand Cheez-it crackers arranged at a supermarket in Dobbs Ferry, New York, US, on Wednesday, June 22, 2022. Kellogg Co. said it will split into three independent companies, sparking a rally in the food conglomerates shares. Kellogg on Wednesday revealed it will name its snacking unit Kellanova as part of its plan to separate into two independent public companies. Kellanova, which will include brands like Pringles and Cheez-Its, will retain the "K" stock ticker currently used by the food giant. The North American cereal unit will be renamed WK Kellogg Co.

☆ Kellogg has a new name for its snack spinoff: 'Kellanova'
▼ + stars: | 2023-03-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Kellogg has picked a name for its new spinoff companies. As for “WK Kellogg Co.,” well, that’s a little more straight forward because its named after company founder William Keith Kellogg. Employees helped decide the names, Kellogg (K) said. Kellogg (K)” and others that included a variation of the word “nova.”Despite the silly sounding results, landing on a spinoff name is harder than it looks. Kellanova is using the NYSE ticker symbol “K,” while ticker and exchange information about “WK Kellogg Co.” will be announced in the coming months.

☆ Kellogg is giving its Pringles and Cheez-It business a new name with classical Latin twist. It's the latest company name to incorporate the 'dead' language.
▼ + stars: | 2023-03-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Kellogg is renaming its snack business "Kellanova" — a combo of Kellogg and a Latin word for "new." Kellogg is naming its snacking division "Kellanova," the latest step in breaking up the company, it said on Wednesday. The name draws inspiration from the Kellogg name and a common Latin word, Kellogg CEO Steve Cahillane said in a statement. Etsy and Mondelez are among other companies with Latin namesKellanova is hardly the first company rebrand to draw inspiration from Latin. Before that, cigarette maker Philip Morris said it would change its name to "Altria" in an allusion to the Latin word for "high," the Journal reported in 2001.

☆ I'm a psychologist in Finland, the No. 1 happiest country in the world—here are 3 things we never do
▼ + stars: | 2023-01-05 | by ( Frank Martela | ) www.cnbc.com time to read: +2 min

1 as the happiest country in the world, according to the World Happiness Report. As a Finnish philosopher and psychologist who studies the fundamentals of happiness, I'm often asked: What exactly makes people in Finland so exceptionally satisfied with their lives? To maintain a high quality of life, here are three things we never do:1. Happiness tip: Focus more on what makes you happy and less on looking successful. Happiness tip: Spending time in nature increases our vitality, well-being and a gives us a sense of personal growth.

☆ We visited Chris Sacca-backed Epoch Biodesign's London HQ. The startup wants to clamp down on pollution with plastic eating enzymes.
▼ + stars: | 2022-09-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Epoch Biodesign, a startup converting plastic to chemicals using enzymes, has raised $14.5 million. Epoch Biodesign uses plastic-eating enzymes as a base and scientifically alters them to produce a specific chemical from the consumed plastic. Epoch Biodesign is also developing enabling technologies to do this cheaper, faster, better, and at greater scale. This is a colony picker, one the machines used test and select Epoch Biodesign's enzymes in the lab. In the long run, Epoch Biodesign expects to license out its technology so it isn't running facilities itself.

☆ Lose big on crypto? Here’s how to reduce the sting
▼ + stars: | 2022-08-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

You’d have a long-term capital loss of $26,000, because you held the investment for at least a year. You can fully offset the tax owed on your $10,000 capital gain with $10,000 of your capital losses on your 2022 tax return. Here’s why: For tax purposes, crypto assets are classified as property, not securities. Lawmakers have already proposed expanding the wash-sale rule to cover crypto and other assets in proposed legislation. “This rule may be changing in the future, but for 2022, crypto assets are not subject to the wash-sale rules,” Pon said.

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