1. Technology & Innovation

Report says AI will kill more jobs than it creates in the next five years

Written by Posted on Less than 0 min read

The World Economic Forum, which hosts the Davos conference, has released a new global report that shows artificial intelligence and other technologies will create 69 million new jobs by 2027 and eliminate 83 million others. The net loss will equal two percent of those currently employed.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Channel: Grocery

Arizona AG to investigate Kroger/Albertsons merger

The Arizona Attorney General will investigate the proposed merger between Kroger and Albertsons over concerns that it could result in higher grocery prices for consumers. Kroger operates Fry’s Food & Drug Stores and Smith’s Food & Drug Stores in the state. Albertsons’ stores include its namesake chain and Safeway. View Original Article Albertsons / Safeway […]
< 1 min read
0
  1. Corporate Strategy

Anheuser Busch Beers To Star in Super Bowl Ads

Anheuser Busch has uncorked its new campaign strategy. On Thursday, the brewing company revealed its plans to feature three of its popular beer brands — Bud Light, Budweiser, and Michelob Ultra — during the Super Bowl broadcast. View Original Article Holiday & Events CPG: Adult Beverage Dept. Adult Bev Dept. Beverage Strategy RetailWire Member since […]
< 1 min read
0
  1. Department & Category

McD’s shuts offices ahead of layoff announcement

McDonald’s shut down U.S. offices this week before an expected layoff announcement. The fast-food giant asked employees to cancel in-person meetings with vendors and outside partners. “During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” the company said in an internal message. View Original […]
< 1 min read
0
  1. Uncategorized

Cocoa Prices Surge to Historical $10K Per Metric Ton

Cocoa prices skyrocketed to unprecedented levels on Tuesday, marking a significant milestone in the commodity’s history. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. Corporate Finance

Analysts Predict Bankruptcy for Spirit Airlines

The ultra-budget airline Spirit Airlines recently attempted to merge with JetBlue, but when the government blocked the merger, it left the airlines company on shaky ground. View Original Article Bankruptcy Mergers Government RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free […]
< 1 min read
0
  1. Department: Nonfood

Petco launches custom meal subscription program for dogs

Petco now offers a refrigerated meal subscription program with ingredients based on a dog’s age, activity level, breed and other factors. The program, in partnership with Freshpet, is available in 15 states with plans for a national rollout later this year. Subscription plans start at $3 per day. View Original Article Dept. Refrigerated Pricing & […]
< 1 min read
0
  1. Uncategorized

Vinyl record sales are outpacing CDs for the first time in decades

About 41 million vinyl albums were sold in 2022, according to the Recording Industry Association of America, compared to 33 million compact discs. That marks the first year that vinyl outsold CDs since 1987. Vinyl record revenues rose 17 percent in 2022, the sixteenth year of increases. View Original Article RetailWire Member since October 25, […]
< 1 min read
0
  1. Channel: Restaurants

Taco Bell Wins ‘Taco Tuesday’ Trademark Dispute With Rival Chain

Taco Bell has emerged victorious in the trademark dispute over the phrase “Taco Tuesday” with rival fast-food chain Taco John’s. Taco John’s has decided to abandon its federal “Taco Tuesday” trademark, which Taco Bell had sought to cancel, considering it a common phrase unfairly monopolized by Taco John’s. The CEO of Taco John’s announced that… […]
< 1 min read
0
  1. Trends & External Forces

FTC says GoodRX shared users’ health info with ad firms

GoodRx shared information with ad firms about its users’ medical conditions and medicines, according to a lawsuit filed by the Federal Trade Commission. Doing so violated GoodRx’s own information-sharing practices and violated a federal rule that requires companies tracking health information to notify consumers of data breaches. GoodRx settled the suit without admitting wrongdoing. View […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Delivery services face challenges from Walmart, Kroger and Amazon

Large retailers including Walmart, Kroger and Amazon are shifting a larger percentage of their deliveries to their own in-house operations instead of using third parties such as Instacart, DoorDash and Uber. View Original Article Food Delivery Delivery Amazon DoorDash Instacart Kroger Walmart Operations & Supply Chain RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Department: Consumer Durables

Seller says Yeezy demand grew after Adidas canceled its deal with Ye

John Mocadlo, CEO of Impossible Kicks, said that his company saw demand for Yeezy sneakers and clothing jump 30 percent in October and November last year. The spike occurred after Adidas ended of its brand partnership with Ye (formerly known as Kanye West) after the rapper made a series of antisemitic remarks in interviews and […]
< 1 min read
0
  1. Channel: Drug

CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason

As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore chain in America, is implementing a policy change that will lead to the closure of hundreds of stores over the next three years, aiming to optimize store locations based on population shifts and consumer buying […]
< 1 min read
0
  1. Trends & External Forces

Ford Sales Rise 10.5% in February, Driven by Hybrids and EVs

On Monday, Ford announced that U.S. sales increased by 10.5% in February 2024 compared to the same time last year. This rise was led by its hybrid and all-electric motor sales. View Original Article Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving […]
< 1 min read
0
  1. Operations & Supply Chain

Trucking companies see freight demand rebounding in 2H 2023

Trucking companies expect freight volumes to pick up in the second half of the year as customers use the first six months to work through excess inventory. “The general consensus, almost unanimous, from customers that have given us feedback about their inventories has been that by the time they get through the spring, things are […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon ending AmazonSmile charity program

Amazon.com has informed customers that it will end its AmazonSmile charity program through which the company donates a percentage of sales on eligible products to organizations selected by customers. “After almost a decade, the program has not grown to create the impact that we had originally hoped,” the company said in a statement. “With so […]
< 1 min read
0
  1. Uncategorized

Pentagon Invests $2.5B in L3Harris, Lockheed, and Sierra Space

Big news: the Pentagon has decided to invest a whopping $2.5 billion in three companies – L3Harris, Lockheed Martin, and Sierra Space – to build satellites. These aren’t ordinary satellites, though. They are part of a growing military system managed by the U.S. Space Force’s Space Development Agency (SDA). View Original Article RetailWire Member since […]
< 1 min read
0
  1. Associates & Employees

California Bill Allows Workers To Ignore Boss’ After-Hours Calls and Messages

The bill is trying to regulate contact between employers and employees outside of working hours. View Original Article Associates RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. Channel: Mass

Walmart redesigns its website and app

Walmart has redesigned its website and app to use bigger photos, make use of videos and social media content. “When you walk into a store, you get inspired and excited by what you see,” said Tom Ward, Walmart’s chief e-commerce officer. “And so we thought, ‘How do you drive that same inspiration and excitement in […]
< 1 min read
0
  1. Media & Marketing

Elon Musk Shifts SpaceX to Texas After Delaware Rejects Pay Deal

SpaceX CEO Elon Musk made headlines as he announced the SpaceX company’s transition from Delaware to Texas following legal hitches with his mammoth Tesla compensation package. View Original Article Executives Marketing: Social Media Legal & Criminal RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s Struggles With Changing Prices and Home-Cooked Meals

During a recent investor conference, McDonald’s CFO Ian Borden revealed a notable trend among lower-income Americans: a shift away from fast food in favor of home-cooked meals. View Original Article Dept. Grocery Executives Restaurants RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as […]
< 1 min read
0
Next