Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for the ‘walmart’ Category

Walmart’s Leafy Green Blockchain

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TechCrunch recently reported on an initiative in which Walmart has been working with IBM on a food safety blockchain, and that Walmart would be requiring all suppliers of leafy green vegetables for Sam’s and Walmart upload their data to the blockchain by September 2019.

TechCrunch’s story notes that “most supply chains are bogged down in manual processes,” making it difficult to track down food safety issues like E. coli romain lettuce. But “by placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital.

Each node on the blockchain could represent an entity that has handled the food on the way to the store, making it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.

Walmart has been working with IBM for over a year on using the IBM Food Trust Solution use case in this scenario.

Most notable is the time compression involved. The story notes that before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, that has been reduced to 2.2 seconds, which means that also “substantially reduces the likelihood that infected food will reach the consumer.”

You can learn more about the IBM Food Trust blockchain solution here.

Written by turbotodd

September 26, 2018 at 11:16 am

I Need A New Toaster!

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I need to order a new toaster.

My old one recently died a premature death.

Where do I find a new toaster?

The last one had been a wonderful wedding gift (which made me all the more reluctant to buy a new one…I’d be getting rid of a precious wedding gift…well, as precious as a toaster can get).

I could cook toast in the oven, but it’s not the same as a toaster, I don’t think. You have to keep a close eye on it, and I have to remove all those pots and pans from the oven first before I can toast anything. It’s just a hassle.

So, I’m now in the market for a toaster. How is that gonna go down?

Well, if it’s anything like the new French Presse coffee maker I ordered due to a crack in the old one (not a wedding gift), it’s gonna a little something like this: I’m going to go to Amazon, do a quick search, and buy the cheapest toaster I can find.

That’s how it’s gonna go.

But just overnight, Walmart and Google announced a new partnership that could change the toaster ordering game….at least for those who use the Google Assistant.

As reported by TechCrunch, the new partnership will enable voice shopping through Google Assistant, and will tap into Walmart’s “Easy Reorder” feature through an integration with Google’s shopping service, Google Express.

Sam Walton would be proud: You can now talk directly to Walmart and order your stuff. Even a toaster.

Furthermore, the story continues, Google Express is ditching its own membership fees (take that, Jeff B!), and is promising free delivery across its retailers in one to three days, assuming the customer orders are above each store’s minimum.

So, this is basically Google and Walmart ganging up to beat up on their friend, Amazon, and working to steal some share from Amazon Echo in the process.

“Okay, Google, but what if I’m already an Amazon Echo man?”

“Google? Google, are you there?!”

Written by turbotodd

August 23, 2017 at 8:47 am

Amazon Eats The Whole Food

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Since when did Fridays become M&A days? Did I miss a memo?

The big elephant deal in the room is Amazon’s acquisition of Austin’s own Whole Foods Market for a whopping $13.7 billion in an all cash transaction (what, no PayPal??).

Here’s what the two companies’ respective founders had to say:

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Jeff Bezos, Amazon founder and CEO. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.” “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers,” said John Mackey, Whole Foods Market co-founder and CEO.
– via phx.corporate-ir.net

Also according to the press release, Whole Foods Market will continue to operate under the Whole Foods Market brand, and John Mackey will remain as CEO of Whole Foods Market. And their HQ will stay here in Austin.

The other deal was Walmart’s announcement that it had acquired Bonobos, a 10-year-old mens clothing brand that started as an online mens pants sales operation but later expanded into brick-and-mortar.

According to Recode, in that deal Walmart is paying $310 million in cash, and is offering $20M golden handcuffs to Bonobos co-founder and CEO Andy, along with other top executives.

Recode speculates that Walmat may end up selling Bonobos apparel less through Walmart stores or Walmart.com, and more through Jet.com, another shopping site it acquired for $3B that is aimed at an upmarket shopper.

At last count, Amazon’s stock was up 3.41 percent on the announcement of the Whole Foods acquisition, while Walmart’s stock was down 4.95 percent.

Written by turbotodd

June 16, 2017 at 9:49 am

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