As a daughter to a father who loves fishing as a hobby I remember watching him while he used to catch a small fish and throws it back to the water saying: “he deserves to grow” 🙂 Unfortunately fishermen who are making a living from this industry will not think the same. they want to increase their profits on the short term as there are “Plenty of fish in the sea”. I love your recommendations but have a more pessimistic view that without a real pressure from society or a real shift in consumer eating habits as Giovanni mentioned the pursue to overfish will remain.
I wonder how many species that were safe until now will be effected not only by those companies but by the actual change of water temperature that causes their environment to be much warmer then it was couple of years ago, and how the disappearance of those would potentially effect the entire food chain in the ocean.
Thank you Clay for choosing a company that is an exemplar to showing the world how one can leverage digitization.
I think the future is much brighter for Amazon using digitalization to reduce its supply chain costs.
One major development that is currently undergoing is Prime Air- amazons’ drone delivery project. Amazon is hoping to bypass the tracks and traffic by sending drones to the air that will carry our delivery to our doorstep, thus eliminating expensive human resources and reducing lead times for customers.
Amazon had already wrote a patent called “airborne fulfillment center” and is communicating with the FAA (Federal Aviation Administration) in order to align the regulations to its new drone delivery.
more information on: https://www.digitaltrends.com/cool-tech/amazon-prime-air-delivery-drones-history-progress/
Thank you for this interesting article. It is in times like these when company’s goals collide that we see the real priorities of a company, and according to this article it is obvious to me that Chipotle cares much less about sustainability then its own growth and profits.
I agree with Nico that 1% is nothing to be proud of and will go further to say that if “sourcing the very best ingredients we can find and preparing them by hand,” eventually ends in all kind of disease and sick people clearly there is lack of control and testing for its suppliers especially if the source of the problem wasn’t even discovered.
Chipotle might think that the route for growth will benefit it more then the route for sustainability, but actually the brand name can by more damaged with the first option. Maintaining the current number of branches without expansion and focusing on sustainability can guarantee customer satisfaction and revenue for the long run.
Thank you Pratik for this interesting subject!
I wonder why “management is concerned about the impact of digitalization on its supply chain”, as it seems like an amazing asset for them. Finally they can have the donations when needed, facilitated by matching algorithms rather than having donors come at the wrong time or with the wrong type eventually being wasted.
To answer your questions on improving its communication with the hospitals using digitalization I would try to take a step further into digitalizing the blood storage rooms within the hospitals in a way that no one needs to manually update Red Cross or their application from the hospital side but rather once a blood of specific type is being taken from the shelf (using sensors) it will signal Red cross automatically and in real time. thereby reducing human mistakes and lead times and strengthening its competitive advantage.
Thank Joey, it is fascinating to see how climate change at one continent can significantly effect another one.
I believe that if the US will stop supplying China with hay and China will not be prepared in time with enough hay from other countries or even if importing from other countries will be more expensive then milk prices will go up, causing an increase in the prices of domestic diary products which will therefore make room from cheaper imported dairy products. the US can therefore switch from importing hay to import dairy milk products (or meat) perhaps preventing the heavy water investment (if it could supply the gap in demand for those diary products)
Thank you for a great subject, I have already downloaded the Makeup Genius App and was really impressed by it.
It is fascinating to see how beauty companies are trying to bridge the complexity of purchasing makeup and beauty products by using technology.
One area that I believe L’Oreal can still leverage is customer’s personalization. Getting the customer purchase preferences by filling a survey, building a profile or even by saving the image that was taken in the app can be used to generate and collect data and assist L’Oréal in building an advisory engine, suggesting the most suitable products to consumers based on their color of skin, color of eyes etc.
One beauty company which did use personalization as part of their offering and which was actually established by two HBS alumni is BirchBox, an online monthly subscription service that sends its subscribers a box of four to five selected items based on their profiles.
For those who are interested in Christmas Gifts: https://www.birchbox.com