Impact of Wage Increase for California Fast Food Workers

Governor Newsom signed into law a rapid pay hike for fast food workers, increasing their minimum wage from an average of around $16/hour, to $20/hour, effective on April 1, 2024.

While some workers may be happy, the $20/hour rate is predicted to wreak havoc on the restaurants that must pay it.

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By |2023-11-20T07:10:09+00:00November 26, 2023|Tags: , , , , |
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Edible Microchips to Aid Cheese Traceability

Parmigiano-Reggiano cheesemakers in Italy are testing the use of high-tech, edible microchips to track and authenticate their products, whose name is protected by EU law.

Blockchain tracking and real time inventory control are two of the key ways the technology can help.

The authentic 90-pound wheels of cheese can cost more than 1000 euros, and the counterfeit market has been estimated at $2 billion annually.

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By |2023-09-29T06:37:04+00:00September 29, 2023|Tags: , , , , , |
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Amazon Achieves Its Fastest Delivery Times

Amazon has reported its fastest ever time for Prime deliveries in the second quarter of 2023.

For the 60 largest metro areas, over half of Prime deliveries were same day or next day. Amazon continues to invest in its same-day delivery service–promising to double its same-day delivery facilities in the coming years.

This strategy has allowed the company to gain a 1/3 share of online orders in the U.S, six times that of its closest competitor, Walmart. Amazon also delivered more than […]

By |2023-09-06T07:32:48+00:00September 6, 2023|Tags: , , , , , , |
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Mixed Forecast for Back-to-School Shopping

Will back-to-school sales be a boom or a bust for retailers this fall?

Forecasters are mixed, as some predict the highest spending ever and some anticipate a modest pull-back.  Additionally, if sales increase, is it due to greater demand or simply that prices have increased substantially since last year?

With forecasters uncertain, how are retailers impacted?

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By |2023-08-30T08:04:50+00:00August 30, 2023|Tags: , , , |
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