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Weekly Round Off With HTE 🔙✨
How to E-commerce by Almund
September 22, 2024 • Estimated Reading Time: 8 minutes
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🌟 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. 🚀
So, let's get this party started! 🎉
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. 🤓
Newcomers welcome to HTE's hub! Join 35k+ CEOs, CMOs, and marketers for game-changing insights. Get ahead, sign up for brilliance, and let's rise together! 🚀
Drinks industry faces cybersecurity challenges from smart manufacturing
20 September 2024, PR newswire
Group14 Technologies, a leader in advanced silicon battery materials, has been selected for a potential $200 million award negotiation by the U.S. Department of Energy (DOE). This funding is part of the Bipartisan Infrastructure Law aimed at boosting domestic battery manufacturing for electric vehicles and the electrical grid. Following a previous $100 million grant in 2022, this new project will allow Group14 to build a silane factory in Moses Lake, Washington, with an annual production capacity of 7,200 metric tons of silane gas, a critical component for next-generation silicon batteries. ⚡
Rick Luebbe, CEO and co-founder, emphasized the importance of domestic silane production to reduce reliance on foreign supply chains, primarily from China. The new facility is expected to create over 300 construction jobs and retain 150 employees for ongoing operations. Group14 is rapidly expanding its manufacturing capabilities and aims to support the growing demand for silicon-based battery materials as part of the global energy transition. 🌍
Data-driven Strategies for Organizational Success
20 September 2024, Businesswire
A new study by Zinnov and ProHance reveals that Global Business Services (GBS) organizations must adopt robust productivity frameworks to tackle economic challenges and foster sustainable growth. The research indicates that 53% of GBS leaders prioritize productivity improvement for 2024, yet many face hurdles due to limited access to reliable data. The Zinnov-ProHance Productivity Framework is designed to help organizations identify pain points and implement targeted interventions, with early-stage adopters reporting productivity increases of up to 20%.
As the role of GBS evolves from a cost center to a value driver, leaders must balance cost efficiencies with innovation. Karthik Padmanabhan from Zinnov emphasizes that sustainable productivity involves working smarter, not just harder. The framework encourages setting realistic KPIs and aims to move 19% of employees into high productivity zones within six months. This strategic blueprint enables GBS leaders to make data-driven decisions and effectively navigate today’s complex business landscape. 📊
19 September 2024, Just Drinks
Lagfin, the majority shareholder of Campari Group, plans to increase its stake in the Italian drinks company, believing that the current share price is undervalued. The investment firm intends to purchase €100 million ($111.6 million) in ordinary shares over the coming days, contingent on favorable market conditions. Lagfin stated that the present valuation of Campari shares does not “accurately reflect the true value” of the company.
As of August 31, 2024, Lagfin holds 51.4% of Campari Group’s shares and controls 82.5% of the voting rights. Just Drinks has reached out to Campari for confirmation on how much Lagfin’s stake would increase if the planned purchase is completed. This move reflects Lagfin's confidence in Campari's long-term potential and aims to solidify its influence within the company. 📈🍹
Privacera Named a Finalist in The 2024 A.I. Awards
20 September 2024, PR newswire
Privacera, the AI and data security governance company founded by the creators of Apache Ranger, has been named a finalist in the AI Implementation of the Year category for The 2024 A.I. Awards. This inaugural program from The Cloud Awards recognizes excellence in cloud artificial intelligence technologies and machine learning. A recent McKinsey & Company survey revealed that 65% of organizations now regularly use generative AI, highlighting its rapid adoption alongside increasing concerns about security and ethical use.
Balaji Ganesan, CEO and co-founder of Privacera, emphasized that the award reflects the company's commitment to innovative and secure AI solutions. He noted that generative AI projects often stall due to inadequate security measures. Privacera has also announced the open-sourcing of its Privacera AI Governance (PAIG) solution to promote ethical AI practices. The A.I. Awards program features various categories and receives global entries, underscoring significant advancements in the AI landscape.
Campari Group CEO Matteo Fantacchiotti resigns
18 September 2024, Just Drinks
Attilio Fantacchiotti has stepped down as CEO of Italy-based Campari Group just five months after his appointment in April, where he was previously managing director for the Asia-Pacific region. In a statement released on September 18, Campari cited "personal reasons" for Fantacchiotti's departure but did not provide further details. His brief tenure has raised questions within the industry regarding leadership stability. 🤔
Following his exit, Paolo Marchesini, the chief financial and operating officer, and Fabio Di Fede, the general counsel and business development officer, have been appointed as interim co-CEOs. They will also serve as executive members of a leadership transition committee, which will be chaired by Bob Kunze-Concewitz, the former CEO who is now a non-executive director. This transition comes as the company aims to maintain its operations and strategic direction in the competitive spirits market. 🍹
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As we wrap up this edition of our newsletter, we hope you found the blend of news and insights as invigorating as we did. The world of DTC and beyond continues to evolve, and staying informed is the key to success. Keep those entrepreneurial spirits high, and remember, we're here to keep you ahead of the game. 🚀🌟📰
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