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☆ Bosch CEO sees inflation weighing on margins but could ease chip shortage
▼ + stars: | 2022-11-10 | by ( Victoria Waldersee | ) www.reuters.com time to read: +2 min

BERLIN, Nov 10 (Reuters) - German auto supplier Bosch (ROBG.UL) sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation, CEO Stefan Hartung said on Wednesday. Even then, Bosch would be far below its target margin of 7%, Hartung said. The CEO said it was too soon to know how Europe's gas supply situation would affect the company long-term given the unknowns around which pipelines would come online in time for next winter. "It is good that business is being listened to in this situation," Hartung said. Bosch announced on Wednesday a new partnership with U.S.-based IBM to use quantum computing to establish which materials could replace critical minerals for carbon-neutral powertrains.

☆ Germany's Bosch partners with IBM in quantum computing
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn OgirenkoFRANKFURT, Nov 9 (Reuters) - Germany's Bosch (ROBG.UL) is partnering with IBM in the field of quantum computing, hoping to use simulation technology to find surrogates for precious metals and rare earths in carbon-neutral powertrains within the next decade. "We share our experience in simulating materials for very specific application areas with IBM, and in return we gain deeper insights into the power and applicability of quantum computing including hardware," Bosch Chief Executive Stefan Hartung said. Overall, Bosch is investing 10 billion euros ($10 billion) in digitalisation and connectivity by 2025, with new technologies focused on sustainability and mobility accounting for two-thirds. ($1 = 0.9927 euros)Reporting by Christoph Steitz; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Chipotle workers say 'Boorito' was a flop this year because of high prices
▼ + stars: | 2022-11-01 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Seven workers told Insider that their stores were slower than expected. Seven Chipotle workers across the US told Insider that their stores saw lower traffic than expected and didn't meet sales projections. This is in complete contrast to 2021, when workers told Insider about long lines, staying late to finish cleaning, and even some workers walking off the job. Outside of the Boorito promotion, Chipotle has raised prices several times over the last year and a half, most recently in August, when the chain raised prices for a burrito by about 50 cents to $1 each. In the first quarter of 2022, Chipotle raised menu prices by 4%, CFO Jack Hartung told investors.

☆ More Chipotle customers are ordering in-store, while the chain keeps investing in digital and drive-thru
▼ + stars: | 2022-10-26 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +2 min

Chipotle saw a huge bump in in-store sales as digital sales dropped slightly. In-store sales were up 22% in the third quarter of 2022 over the same period in the previous year, while digital sales were down 6% to make up 37% of all sales. Despite tides turning a bit toward more in-store orders, Chipotle is still investing in digital infrastructure. Chipotle has been especially optimistic about digital sales through its so-called Chipotlane drive-thrus, of which there are now more than 300. After two years as a digital promotion, the Halloween Boorito promotion is returning to stores this year.

☆ Chipotle says customers aren't skipping guac or choosing cheaper proteins despite price increases
▼ + stars: | 2022-10-26 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Chipotle's CEO says customer orders have remained "consistent" despite price increases. Chipotle raised prices in August following two earlier increases in the last 18 months. Most customers aren't changing their regular orders or switching to less expensive proteins, he said. In the first quarter of 2022, Chipotle raised menu prices by 4%, CFO Jack Hartung told investors on an earlier call. Sales continue to grow faster than price increases, up 14% in the third quarter over the same period in 2021.

☆ Papa John's is the latest employer to offer free college for frontline workers
▼ + stars: | 2022-09-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

In this article CTRN Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. More from Personal Finance:Inflation and higher rates are a ‘dangerous mix’Companies are slashing parental leave benefitsHere are the 'most employable' college degrees "Wherever you can differentiate yourself is pretty critical," said Marvin Boakye, Papa John's chief people and diversity officer. Now, nearly half, or 48%, of employers said they offer undergraduate or graduate tuition assistance as a benefit. "We're seeing it shift a little in how they are thinking about attracting talent," according to Buban. "The majority of our leadership team were delivery drivers and moved up through the organization," Papa John's Boakye said.

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