🌟 Hey there, dear readers! It's that time of the week again when we gather around to catch up on the latest and greatest in the Direct-to-Consumer (DTC) world. 🚀

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Welcome back to another exciting edition of our DTC (Direct-to-Consumer) Insider newsletter. 📰 Our mission: to serve you the freshest news and insights straight from the heart of the DTC universe. 💡 With every update, we're arming you with the knowledge to be the smartest one in the room. 🤓

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Kamala Harris’ “price gouging” ban appears a solution in search of a problem

28 August  2024, Just Drinks

Democratic presidential nominee Kamala Harris is facing pressure to clarify or abandon her proposal to ban food and grocery companies from “price gouging.” 🌐Announced earlier this month, Harris's plan aims to create the first federal ban on food price gouging by granting the Federal Trade Commission (FTC) authority to prosecute companies that excessively increase prices. 💵

The proposal, part of a broader economic policy agenda, targets what Harris describes as “bad actors” among food and grocery companies who allegedly inflate prices to boost profits. Harris, a lawyer and former prosecutor, emphasizes the need to address this issue amid ongoing concerns about grocery prices being 20% higher than pre-pandemic levels. The core issue driving the proposal is whether large companies and grocery retailers are exploiting inflation to raise prices further. Harris’s plan is notable for its lack of specifics, leading to calls for clearer details on how it will be implemented and enforced. 🚫

Automotive Steering Wheel Switch Market to Reach $2.2 Billion, Globally, by 2032 at 2.3% CAGR: Allied Market Research

27 August  2024, PR Newswire

The global automotive steering wheel switch market is set to grow from $1.8 billion in 2022 to $2.2 billion by 2032, reflecting a compound annual growth rate (CAGR) of 2.3%. 📈 This growth is driven by increasing demand for driver assistance and safety features, rising vehicle sales, and technological advancements within the automotive industry. The market is also supported by growing aftermarket demand and advancements in electric vehicle technology.

The report by Allied Market Research highlights several key segments and trends. In 2022, the push-type button switches were the dominant segment due to their integration of various vehicle control systems, such as cruise control and infotainment, which optimize the steering wheel layout. The passenger vehicle segment led the market, propelled by urbanization, rising disposable incomes, and increased environmental concerns driving demand for alternative fuel vehicles. 🚙

Nestlé to ‘keep health science unit under new CEO’

27 August 2024, Just Drinks

Nestlé Chairman Paul Bulcke has affirmed that the company will retain its Health Science division amidst upcoming changes in leadership. 📈 This announcement comes as CEO Mark Schneider prepares to step down next month, raising questions about potential shifts under the incoming CEO Laurent Freixe. Freixe, a Nestlé veteran with four decades of experience and current head of the company's Latin American operations, was the subject of speculation regarding potential reorganization. Analysts had suggested that the Health Science unit might be among the areas Freixe would review, leading to uncertainty about its future.

In an interview with Swiss newspaper NZZ am Sonntag, Bulcke addressed these concerns directly. He emphasized that the Health Science division would remain a core part of Nestlé's business strategy. 🌟 Bulcke described the sector as “promising” and underscored its societal benefits, reinforcing the company's commitment to advancing health and nutrition solutions. His comments aim to reassure stakeholders that, despite leadership changes, Nestlé’s focus on health science will continue to be a priority.

Shell to sell Sinco pipeline system and Colex terminal to Edgewater Midstream

29 August 2024, PR Newswire

On August 29, 2024, Shell Pipeline Company LP and Triton West LLC, subsidiaries of Shell USA, Inc., announced the sale of their 100% interest in the Sinco pipeline system and Colex terminal to Edgewater Midstream LLC. This sale, expected to be finalized in Q4 2024, aligns with Shell's strategy to simplify its portfolio and focus on reducing emissions. The Sinco pipeline and Colex terminal, located in the Houston Ship Channel, were previously integrated with Shell’s Deer Park Refinery. Following Shell’s 2022 sale of its Deer Park equity to Pemex, these assets were deemed non-strategic. 🌟

Andrew Smith, Shell's Executive Vice President Trading & Supply, emphasized that the transaction supports Shell's goal of reallocating capital to projects that better fit its Powering Progress strategy. Edgewater Midstream, specializing in pipeline and terminal operations near major North American petroleum hubs, will acquire these assets. This move reflects Shell's broader strategy of streamlining operations while focusing on sustainability and efficiency. 🛢️

FPT Software Partners with Blue Yonder to Transform Supply Chain Management in Southeast Asia

30 August 2024, Businesswire

FPT Software has announced a strategic partnership with Blue Yonder, a global leader in digital supply chain transformation, to deliver end-to-end supply chain management solutions tailored for Southeast Asian businesses 🌏. Formalized in Hanoi, this partnership will tackle the unique challenges faced by industries in Singapore, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines.

Nguyen Khai Hoan, EVP of FPT Software, highlighted the increasing demand for digital transformation in supply chain management and the benefits of merging their regional network with Blue Yonder’s expertise. Amith Varma, VP of Blue Yonder Asia, emphasized FPT Software’s crucial role in expanding their reach and ensuring client success in the region.

About FPT Software: Based in Vietnam, FPT Software is a global IT services provider serving over 1,100 clients worldwide, including nearly 100 Fortune Global 500 companies. 

Weekly Recap! 🔙✨

Do you want to know what we published last week?

1. Is Your Shopify SEO Optimized? 🚀

2. Are you Ready to Attract Gen Z Shoppers? 🔍✨

3. Black Friday Is Around The Corner. Are You Ready?🌟

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