Bernstein, a research company, estimated that new import duties would raise the prices of Walmart products by 2.6% on average. Sales volume would drop by 2% in response, giving revenue a net boost of around 0.5%.–economist.com
Category: Economics in the News-Micro
China Slaps Anti-Dumping Duties on Plastics from the U.S. and Other Countries
China announced anti-dumping duties as high as 74.9% on plastic products from the US, the EU, Japan, and Taiwan.–reuters.com
A Dire Donor Shortage
India faces rising cases of diseases that damage vital organs. Annually, it needs 175,000 kidney, 50,000 liver, heart, and lung, and 2,500 pancreas transplants. Yet, donor organ supply is critically low. Organs are allocated on the basis of a waiting list with medical urgency, blood type compatibility, and organ size influencing the waiting time.–India Today … Continue reading A Dire Donor Shortage
Omnicom-Interpublic Merger: Battling Tech Giants
Omnicom and Interpublic, two advertising agencies that create, plan, and handle advertising for their clients, are considering a merger due to challenges from tech giants like Google, Meta, and Amazon, which have made ad creation easier. – economist.com, December 14, 2024
Protected: Coffee Prices at Record Levels
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The No-Frills Service That’s Delivering More and More Packages
The growth of the e-commerce giants like Shein, Amazon, Temu, and TikTok and a large number of smaller firms has spawned a new U.S. delivery service called SpeedX. Parcel carriers FedEx and UPS provide reliable fast shipping and tracking, while SpeedX provides low-cost service that can leave some customers guessing.- Wall Street Journal, December 2, … Continue reading The No-Frills Service That’s Delivering More and More Packages
Kraft Mac & Cheese is Trying to Maintain its Dominance with Flavor Drops and New Shapes
Kraft Mac & Cheese is releasing limited-edition flavors and shapes, selling only 15,000 boxes–less than 2% of its daily original sales–exclusively on Walmart's website. This move mirrors the strategy of streetwear brands, departing from its usual nationwide grocery store launch. cnn.com, November 29, 2024 Some Macaroni and Cheese Market Data Macaroni and cheese is an … Continue reading Kraft Mac & Cheese is Trying to Maintain its Dominance with Flavor Drops and New Shapes
Germany’s Auto Sector Faces Crisis
Bosch plans 5,550 job cuts as Germany's auto sector struggles with weak demand and rising competition from cheaper Chinese rivals. Volkswagen plans to close plants in Germany, while Mercedes faces a plunge in earnings.-reuters.com, November 22, 2024
To Surge or Not to Surge: the Algorithm Is the Question
From rides to burgers, consumers may balk when differential pricing comes to their favorite real-world business.—ft.com, March 11, 2024
Who Is Making Money on Your Concert Ticket?
The Justice Department alleges that Live Nation suffocates competition in ticket promotion and venues, which drives up Ticketmaster prices.—ft.com, May 23, 2024 A $100 ticket is split between the artist $90 and the promotor $10. The $25 ticket is split between Ticketmaster $5 and the Venue $20