Economy

MoU: BMW and Alibaba strategic partnership in Beijing

On October 26, Alibaba, the largest online trading platform, and BMW, the well-known car manufacturer that also includes Mini and Rolls-Royce brands, signed the MoU (Memorandum of Understanding) for a strategic partnership in Beijing. The goal is to ensure that digitalization can become part of BMW's business process in China, in this way sellers will have the opportunity to offer to their customers a digital experience both online and offline.  According to the MoU, the two brands will launch the first online sales and services business. This partnership shows that BMW is moving towards a digital transformation. It is the first car manufacturer to use ABOS (Alibaba Business Operating System), a unique service to support busin...

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Uncategorized

Huawei under pressure: a fall in its margin of profit

Huawei, the Chinese company and world leader in telecommunications market, is experiencing a period of great pressure.  2020 has been and will be a difficult year for many companies around the world, but in particular for Huawei which has been experiencing a drop in revenue growth in the last year. This is due both to the spread of the pandemic and to the restrictions implemented by the US government.  Indeed, Trump has included the Chinese company in the American blacklist, the “Entity List”; he believes that the company is spying on the United States. With the new restrictions introduced by the United States, components manufactured or developed with software or equipment created in US&n...

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Economy

WhatsApp Business: shopping, payments, and customer service innovations

WhatsApp, the instant messaging app created in 2009, is in constant evolution with the introduction of innovations.  More than two billion users in over 180 countries use it daily to keep in touch with friends and family. WhatsApp Business, on the other hand, was created in 2018 and as stated in the company blog “is a free to download app available on Android and iPhone, and was built with the small business owner in mind. WhatsApp Business makes interacting with customers easy by providing tools to automate, sort and quickly respond to messages. It's also intended to feel and work just like WhatsApp Messenger. You can use it to do everything that you're used to doing, from messaging to sending photos”.  In July 2020, WhatsApp Business in...

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Economy

Microsoft and its 30% female employees: Global Diversity & Inclusion Report 2020

Microsoft is the well-known IT and technology company that operates in 190 countries around the world, it is based in Redmond and Satya Nadella is the CEO.  Since 2014 the company publicly releases its annual workforce demographic data.  The "Global Diversity & Inclusion Report 2020" was recently published, the document shows how diversity and inclusion are two fundamental aspects for the corporate culture.  In this document the data offer a general overview of the company mission and show that the number of female employees within the company has reached 30.2%, + 1% compared to 2019. Five of the twelve members of the board of directors are women, two of the four board committees are chaired by women, and three of the members ...

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Economy

VivoGreen: first “cashless” shopping store in Italy

Last month in Umbria, and more precisely in Terni, the first completely “cashless” store was inaugurated; that is right, a supermarket without checkout counters and without cash payments. To jump the queue is many people’s desire, isn’t it?  VivoGreen solved the problem with its “smart shopping”.  Thanks to the support and technology of Nexi (a company that offers payment services) and thanks to the XPay service, we can talk about invisible payments. But how does this new system work? Customers register with VivoGreen by providing their data and receive a card to access the store. Then they go shopping, put all the products in the bag or shopping cart and simply pass through a sort of "gate" without queuing up. He...

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Economy

Deep uncertainty for air transport sector, heavily hit by the coronavirus pandemic

We all know that the spread of the pandemic has damaged many sectors around the world and one of the heavily hit is the air transport sector.  Eurostat estimated a 96% drop in passengers across Europe compared to 2019, 98% in Italy (-42.6 million): the highest decreases were reported in Milan Linate (-93%), Bergamo and Venice (both -90%), Milan Malpensa (-88%) and Bologna (-86%).  The consequences of the economic crisis (greater availability of people's capital means greater chances of flying and vice versa) and the fear of a possible infection on aircraft at full capacity (due to the close contact among strangers) have significantly reduced air travels and consequently the purchase of tickets. &nbs...

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Economy

Cash, cards, mobile payments: what will be the future of Italy?

The Coronavirus pandemic has led to many transformations in the world. In recent months, Italians have had to accept changes in the way they travel, work, study, communicate; in short, they have had to learn to live in a different way. Italy is experiencing a period of transition and evolution for what concerns the payment methods: cashless and contactless methods are becoming increasingly popular. Recently, electronic transactions, through cards and mobile payments, have increased to the detriment of coins and notes which could spread the Coronavirus.  According to the ECB (European Central Bank) the use of cash had reached 80% before the pandemic, in Italy around 86%. The use of cash is a deep-s...

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Economy

The value of the best global brands 2020: Apple, Amazon, Microsoft on the podium

Interbrand is a company that has been the world’s leading brand consultancy for over 40 years, like every year has published the ranking of the best global brands of 2020 (available on the website www.interbrand.com/best-brands/). The list mentions the 100 best brands that have achieved excellent performance this year, despite the consequences of the Coronavirus.  We find Apple (322.999 billion dollars), Amazon (200.667 billion dollars) and Microsoft (166.001 billion dollars) on the podium, Google instead has fallen into fourth place (165.444 billion dollars), followed by Samsung (62.289 billion dollars). For the first time social media and communications brands entered this important ranking: Instagram (19th with a value of 26.060 billion dollar...

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