June 21 – 5 Key Stories From The Digital World

By June 20, 2019 Insight

1. What’s the Next Chapter for Barnes & Noble?

  • Today, Amazon commands around 72% of adult new book sales online and 49% of all new book sales by units
  • In fiscal 2018, total sales came to $3.66 billion, down by nearly $1 billion from 2014
  • Barnes & Noble should do what bookstores do best in ways that Amazon can’t match, like holding more author and community events

2. Slack Is Going Public Without an IPO. Here’s How a Direct Listing Works

  • a more obscure alternative to IPOs that few large companies considered before Spotify staged its direct offering in April 2018
  • Although a reference price may be the direct offering’s equivalent of an offering price, it’s different from the opening price of the stock
  • It avoids underwriting fees, which generally run between 4% and 7% of the total proceeds raised in IPO

3. A guidebook for heavy industry’s digital journey

  • analysis suggests that large-scale application of digital technologies and advanced analytics (DnA) could boost profit margins in the sector by three to five percentage points
  • Guided by its vision, an organization’s next step is usually a detailed investigation of DnA opportunities in its current operations
  • Once an organization has successfully piloted its digital manufacturing levers, it can begin to scale up

4. Waymo forges self-driving alliance with Renault and Nissan

  • Under the deal, the companies will “explore driverless mobility services for passengers and deliveries in France and Japan.”
  • GM bought self-driving startup Cruise, then accepted a major Cruise investment from Honda. Ford invested $1 billion in self-driving startup Argo AI and is reportedly negotiating to sell an Argo stake to Volkswagen. Toyota invested in Uber’s self-driving project. Last week, Hyundai announced it was investing in self-driving startup Aurora
  • The agreement marks a first step to developing long-term, profitable driverless mobility services operations

5. Ikea is now the world’s 6th largest food chain, and it’s testing delivery to your door

  • trial includes delivery of its Swedish foods—which include salads, salmon, beets, and cabbage—and which are distributed out of its two-story, 58,000-square-foot urban store located centrally in the city
  • Amid all of this change at Ikea, online food delivery is poised to become a $161 billion market by 2023, with companies like Grubhub, Doordash, Postmates, and Uber all racing to take a slice
  • The more Ikea can stay at the center of your mind at all times—whether you’re hungry for furnishings or just lunch—the less likely you are to buy that next chair at Target