Companies in big tech experiencing significant market capitalization growth have an asset-like business model. By leveraging machine learning and AI, these firms can predict consumer demand accurately, optimize production, and streamline the supply chain without traditional assets like stores, warehouses, or factories. This approach enables them to offer apparel at a lower cost than traditional retailers. In a changing economy where young consumers seek affordable individuality, these tech companies are poised to outpace retail giants like Amazon and Walmart in the apparel market by embracing on-demand retail.
Kara and Scott discuss the Supreme Court's Trump immunity ruling, and some of the controversial opinions from this term. Then, frustrations, fears, and theories after Biden's disastrous debate. Plus, Amazon prepares to compete in the on-demand fashion arena with Shein and Temu. Can it be a contender? Finally, our Friend of Pivot is Kim Scott, a former Google and Apple executive, and the author of "Radical Respect: How To Work Together Better." Kim explains how to effectively manage employees with respect, as well as candor.
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