Tag Archives: Supply chain

Apple invests $50 million in music distributors to support independent singers | Instant News


Apple.
AAPL,
+ 2.85%

Is investing in independent music artists.

The technology giant has raised US$50 million in financing for UnitedMasters, a three-year-old artist service company dedicated to helping musicians distribute and sell their music while allowing them to retain their copyrights.

UnitedMasters received $70 million in support in Silicon Valley in 2017. It is an alternative to the traditional major record company system, which usually requires artists to give up their music rights in exchange for pre-emption rights, distribution rights, marketing rights and promotion rights. Artists choose to pay a monthly subscription fee of $5, or pay a 10% fee to UnitedMasters and retain ownership of their music. The company has released music by more than 1 million artists, including NLE Choppa, Lil Tecca, Lil XXEL, and the recent breakthrough films Tobe Nwigwe and Curtis Roach. Their “House of Boredom” was on TikTok during the pandemic blockade. All the rage.

This investment is related to how Apple operates the world’s second largest streaming media service through subscription, positioning Apple itself as creator-friendly. This investment also shows that new deals by independent artists to bring music to the world are multiplying and dominating the industry.

An expanded version of this article will be displayed on WSJ.com.

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Competitive Retail Advantages of Real-Time AI Data Drives | Instant News


Consumer fashion may be one of the most unpredictable markets on the planet, but one startup in India has created an AI-based demand sensing platform that combines data scientist brilliance with seasoned industry experts to spot trends with incredible accuracy. The idea is to close the gap between supply and demand.

“We help companies create demand-driven fashion forecasts from consumer data across the holistic value chain,” Ganesh Subramanian, founder and CEO at Stylumia. “Our demand sensing engine collects and analyzes publicly available global data to rank product trends, giving fashion designers, retail buyers and merchandisers a much deeper understanding of real-time consumer demand signals.”

A more profitable and sustainable business

Predicting the fickle tastes of consumers for invisible products has long hindered the minds of the most experienced in the world of fashion. Stylumia can reveal the latest trends, enabling people to make design and merchandising decisions in perfect harmony. This can reduce underbuying and overbuying.

According to Subramanian, typical Stylumia customers have improved their style and color level prediction accuracy by 30 percent, and increased sales and revenue by between 25 and 50 percent, compared to the performance of products that were not designed and traded using the platform. Customers have also reduced excess inventory and carbon footprint levels by a combined average of up to 40 percent.

“When products sell well, companies have less stock and can lower their carbon footprint because they use fewer resources while generating the same amount of revenue,” he said. “Since our foundation, we have reduced the number of garments our customers have produced by more than 60 million, while their sales and profits have increased.”

Consumer intelligence research on steroids

From its headquarters in India, to hubs in Australia, the United States and the UK, the Stylumia team works with fashion, sports and lifestyle brands representing companies of all sizes around the world.

Instead of brainstorming on intuition alone, designers and buyers step into their personal portals of storyboard ideas using Stylumia’s AI-fueled algorithm or their own images for design inspiration. When they choose colors, materials, patterns and other product features, Stylumia immediately generates trending demands for designer ideas. They can view similar products, see where sales are highest, and save and share ideas with colleagues.

For retail traders, the tool increases forecast accuracy for better variety planning down to the local level. They can see which sizes, colors, and styles are most popular by geography. Subramanian added that the platform is not only for big consumer brands.

“We are democratizing intelligence for small and medium-sized companies who can also use this insight for their growth, delivering the right product to the right geographic area at the right time,” he said.

Data driven growth for the fashion industry

Subramanian has more than 20 years of experience with global brands in the fashion and retail industry. She founded Stylumia while working at India’s largest online fashion retailer.

“We are studying how to harness the huge amount of data from online retailing, and I thought, why not create a platform that will help any fashion brand retailer in the world,” he said. “We want to change the industrial culture from intuitive, chancy, decision making to an economically sustainable strategy with real-world benefits.”

The SAP.iO partnership fosters harmony around holistic intelligence

After joining other startup programs, Subramanian was impressed by the support he received as a member SAP.iO Foundry Berlin data and analytics accelerators. The two companies are exploring ways to integrate Stylumia into SAP’s omnichannel planning solutions, especially for manifold optimization and fashion demand forecasting.

“The amount of time SAP spends with us is unique. We learned a lot from their experts about marketing and selling our products, and working with their ecosystems, ”he said. “Given the dominance of SAP in fashion retail industry, and companies smart company vision, this is a great opportunity for us to add value with our external data for smart demand forecasting. ”

Technology-driven fashion is a cultural change

If COVID-19 is a stress test for an estimate of the strength of Stylumia demand, it passes very well. At the height of last year’s pandemic crisis, one omni-channel retailer had enough data from the platform in six to eight weeks to accurately predict changes in consumer demand with 95 percent accuracy.

“As a team of like-minded fashion professionals and data scientists, we empathize with the challenges facing designers and retailers. We designed Stylumia to support pre-season planning, as well as unpredictable season events, such as a pandemic, ”said Subramanian. “This is an important cultural change for the fashion industry, using technology to add insights that enhance human decisions, foster sustainable growth.”

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New Zealand’s dairy industry is now in a ‘place of responsibility’ to help drive global sustainability | Instant News


New Zealand dairy products were confirmed by a recent report commissioned by Dairy NZ to have the lowest carbon footprint in the world (0.77 units), about 48% lower than the study average (1.47 units), a finding that be proud of the industry, however ‘not surprised’In.

“In my opinion, this is really to be expected – New Zealand dairy has the advantage of our system which is based on a grass-fed and outdoor environmental model, which actually naturally contributes to reducing the carbon footprint, plus it has become the cornerstone of the economy. us for so long that a lot of effort has been made to maximize efficiency over the years, ” Local dairy company Miraka, General Manager of Environmental Leadership, said Murray Hemi FoodNavigator-Asia.

“So the natural environment and the long history of the industry give us an edge, but it also means that this achievement is no reason for us to be complacent and complacent just because we measure it in the first place – quite the opposite, it should be seen as a reminder to work hard to maintain our position. that special. person

“More importantly, this achievement is important for us as a reminder to be careful and not to forget the global picture – sustainability is not a competition, it is something humanity must go through, because there is no point in being first. if the world collapses. person

“Strikingly against the interests of the industry itself, this achievement now places us in a place of responsibility to support bigger changes in the global dairy industry and that means taking the lead and offering ways to do this together, beyond relying on grass – fed dairy or dairy products. current advantage. “ person

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New Zealand companies live Maori values ​​in their products and operations | Instant News


Taupo Pure is operated by Maori-owned company Miraka, which processes about 1% of all New Zealand milk supply and produces its main products for export, from UHT to various powders.

“Miraka is currently exporting to person China, USA, Sri Lanka, Taiwan, Philippines, Singapore, Malaysia, Vietnam, Guatemala, El Salvador, Solomon Islands, Samoa and Fiji, with China currently being our largest market, “Miraka’s General Manager, Murray Hemi, informed FoodNavigator-Asia.

“Miraka comes from a long tradition of Maori storytelling, [and our aim is to] creating a legacy that our community, shareholders and stakeholders are proud of – many of whom are Maori, [including] produces the best tasting milk in the world. person

“To do this, everyone has to line up – this means we want the sweetest pastures, the happiest cows, the best farms, and the highest quality processing. [care] for the environment, and build strong and resilient communities. person

“The process of connecting all these parts is what we call kaitiakitanga (caring for our natural world and the people in it) and the way we will produce strong products and write powerful stories – no one else in the world is doing what we do. do. . “ person

In this regard, Hemi tells us that companies are increasingly focused on ‘conscious’ consumers and markets that prioritize product quality.

“By quality, we mean that we are trending in a part of the market that wants products based on the best nutritional, environmental, social and responsible outcomes for dairy products,”He said.

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NZ Grocery’s Code of Conduct goes to a parliamentary stage as suppliers fight for their rights | Instant News


The debate over establishing a Grocery Code of Conduct for supervising supermarkets has been going on for some time, but things are becoming very hot in the last yearAfter New Zealand’s main wholesale chain Foodstuffs made changes to its buying model, it was seen by many as hurting food companies from producer to supplier.

This appears to accelerate progress on coding and calls for its mandatory implementation, which NZFGC Chief Executive Katherine Rich told the House of Representatives in Parliament recently.

“[NZFGC has requested that] The House of Representatives supports the establishment of a mandatory Grocery Code of Conduct for supermarkets, similar to those in Australia and the United Kingdom, “Rich said through the petition.

“[This is crucial] to address the potential abuse of market forces against food and foodstuff producers arising from New Zealand’s highly concentrated wholesale retail market – person We have the most concentrated ownership of supermarkets in the world with more than 95% controlled by two retail teams. “ person

The two retail teams mentioned are Foodstuffs (New World, PAK’n SAVE, Four Square) and Progressive Enterprises (Countdown, SuperValue, FreshChoice). person

“When there is a degree of dominance in the market, it’s good to have a clear basis for acceptable business behavior [and] such a code in New Zealand would provide a clearer framework for business dealings and negotiations in the wholesale sector person , “He said FoodNavigator-Asia.

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