Why Vineyards Are Tearing Out Vines

A wine glut is prompting grape growers in California to tear out vines that have been in production for decades.

This vine reduction is part of a wider phenomenon of oversupply around the world, as more and more countries, such as Australia, have joined the wine industry at the same time as demand from consumers has dropped.


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By |2024-04-24T06:45:31+00:00April 24, 2024|Tags: , |

How Would Wendy’s Implement Dynamic Pricing in 2025?

Wendy’s CEO announced during an earnings call on February 15, 2024, that the restaurant planned to introduce dynamic pricing in 2025.

Other terms used to describe dynamic pricing are surge pricing, also known as yield management. Surge pricing allows for rapid price changes based on various factors. The most common way of implementing it is by increasing prices during peak periods of demand, and reducing prices during slower periods. The intent is to smooth out demand to allow for more efficient operations. […]

Risks in Red Sea Disrupt Suez Canal Shipping

Attacks on vessels in the Red Sea by Iran-backed Houthi militia have caused companies to either re-route their shipment around Suez Canal or consider air freight.

Since most of Target’s products come from China and are shipped across the Pacific Ocean to ports in the West Coast, the impacts of the Suez disruption on its operations are not as severe. Companies such as Tesla and Volvo have had to suspend production due to component shortages.


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By |2024-02-11T04:56:55+00:00February 11, 2024|

The Barcode Turns 50

The barcode’s origin story is somewhat in doubt. However, many people recognize April 3, 1973, as its birthday—making the barcode 50 years old.

On this day, the IBM version created by senior engineer George Laurer was approved as the industry standard. Shortly thereafter, the first barcoded product was scanned in Marsh’s supermarket near Troy, Ohio. The item was a 10-pack of Wrigley’s Juicy Fruit gum for $1.39.

The use of the barcode has greatly expanded since 1973. Barcodes are everywhere. The Universal Product […]

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