Constrained chip supply continues: The yearslong chip crisis isn’t getting any better, and some markets aren’t expecting relief until 2024. But dwindling consumer demand could lead to oversupply and stagnating innovation.
B2B marketers became more focused on data during the pandemic when in-person events—a classic way of collecting first-party leads—ceased to be an option, and they shifted more resources toward digital. Despite a drop in growth in 2023, data spending will hit $3.91 billion by 2024.
PC slump slams peripheral and accessory market: The ripple effects of reduced consumer spending are creeping beyond PCs. Webcams, which were backordered during the pandemic, saw a 50% decline in sales in Q4.
The Federal Trade Commision (FTC) released new guidelines for health-related products—everything from dietary supplements to food to devices. The guidelines encourage marketing that is “truthful, not misleading, and supported by science.” The updates emphasize a few main pillars.
Disney wants to see how big pickleball can get: The sport got a popularity boost over the last two years, prompting ESPN to make a low-risk bet on its streaming future.
Retailers are bullish on resale: J. Crew is the latest brand to launch recommerce, while Spain-based marketplace Wallapop raised $85.2 million to expand its circular offering in Europe.
As consumers balance the cost of necessities with the desire to splurge, secondhand luxury is a sweet spot, giving shoppers a way to treat themselves without breaking the bank. The category, which was valued at €43 billion ($45.21 billion) in 2022, will continue to grow, driven by cost-conscious and sustainability-minded consumers.
‘Slap in the face’ could haunt Google: Ex-employees flock to social media to criticize the email firings. The tech giant cutting its best employees is crude capitalism, not smart business.
Apple’s partners on board for exodus to India: Foxconn, Pegatron, and Wistron are among the Taiwanese suppliers that will ramp up fabs in India, accelerating Apple’s move away from China.
Quantum manufacturing goes to Washington: IonQ gets government support to set up US’ first quantum computing factory in greater Seattle. Expect more federal backing and commercially available quantum hardware.
Revolut’s new top-tier subscription plan for customers could help boost engagement, widen profits, and make cross-selling easier.
Last year, fintech funding almost halved from 2021, but early-stage startups seeking modest raises look to be in a stronger position.
They pay more overdraft and credit card fees than other demographics. The CFPB’s overdraft crackdown could help—or hurt.
Major banks are jointly developing a digital wallet to fend off competitors. But the execution must be flawless to succeed.
Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal—but there’s one catch.
Retail union membership stalled in 2022: That’s despite successful and well-publicized unionization efforts at Starbucks, Amazon, and Apple.
Potential UPS strike hastens last-mile diversification: Rival FedEx, as well as local carriers and retailers’ logistics services, are reaping the rewards as companies try to minimize disruption.