Amid the great digital shift, and in the post-pandemic world, the transportation industry is undergoing significant changes. With those changes come new vulnerabilities that need to be addressed as the trucking industry, dominated by small fleets and operators, embraces digitization but remains vulnerable to bad...
Cardinal Health, a manufacturer and distributor of medical and laboratory products, has teamed up with Square to provide payment solutions for independent pharmacies. This collaboration aims to help independent pharmacies increase operational efficiency, stay current with customer payment preferences, and access integrated software tools for...
Overdraft fees have been a hot button issue in financial services. But they’re less of a revenue source for banks — significantly less — than they were not all that long ago. To that end, as reported last week by the Consumer Financial Protection Bureau...
IKEA stores will soon be operating with a new warehouse management system designed to improve the omnichannel experience. Ingka Group, which owns and operates IKEA stores in 31 countries, has acquired Made4net, a provider of supply chain software solutions, Ingka Group said in a Wednesday (May 31) press...
Wells Fargo reportedly expects to see losses from real estate loans. CEO Charlie Scharf said Wednesday (May 31) at an event that there are significant risks in the office sector, Bloomberg reported Wednesday. “We look city by city, we look property by property to look at our exposures, and I...
A University of Oxford professor said the threat of artificial intelligence (AI) centers on “bias, discrimination and the environmental impact.” Sandra Wachter, professor of technology and regulation, said these are issues “right here, right now,” as opposed to the “science fiction fantasy” raised in a recent statement...
To extend its role in consumers’ day-to-day food routines, Instacart is leveraging artificial intelligence (AI) to offer consumers meal planning tools and other inspiration-finding capabilities. The online grocery giant announced Wednesday (May 31) that it is combining its own AI and data with OpenAI’s ChatGPT technology to roll out Ask Instacart,...
British neobank Monzo says it has reached profitability while reducing its annual losses. According to the bank’s annual report, Monzo reported net operating income of $266 million for the year ending February 2023, nearly doubling its income from last year. Monzo’s losses, meanwhile, came to...
It’s more than shoplifting. It’s organized retail theft. That’s been a common narrative for the past few years. During May, retailers such as Target, Dollar Tree, Home Depot, T.J. Maxx, Kohl’s and Foot Locker collectively identified inventory shrinkage, retail theft or both as contributing factors...
