Enhancing Logistics with RFID Technology
RFID, or Radio-Frequency Identification, is a method of storing data and retrieving it via radio waves. Much in the same way a barcode can store information about a type of product, RFID tags contain unique identifiers that correspond to inventory database records. Switching to RFID in your logistics chain offers some significant advantages over...
Managing and Surviving Inflation
Operating in today's uncertain environment, requires that leaders must think about performance in much broader terms. leaders must lead with the complete slate of stakeholders in mind. There are many conversations and decisions that only the CEO can make. Corporate leaders can start by asking themselves key operational questions such as: Where will customers see...
Devaluation
Why and is it a viable policy? Countries over the years have adopted as a policy the deliberate downward adjustment of the value of their money relative to another currency, group of currencies, or currency standard. Countries that have a fixed exchange rate or semi-fixed exchange rate use this monetary policy tool. It could be...
Shrinkflation
Shrinkflation occurs when firms reduce the size or quantity of a good and keep prices the same. Shrinkflation is an alternative to inflation. Rather than increasing prices you get a smaller quantity. Related concept- SkimpflationSkimpflation is a situation where firms – in response to higher costs – reduce the quality of a good/service. Skimpflation means...
The Phenomenon called “UNICORN”
Unicorns are privately held startup companies valued at over $1 billion The term was made popular in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the rarity of such successful ventures. there are now 30 unicorns with over $10 billion valuation in the world, They have been given the name...
