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5 Expert Tips For Launching a Food or Consumer Products Business During a Downturn
July 28, 2020 9 min read Opinions expressed by Entrepreneur contributors are their own. With many people across the globe witnessing COVID-19 negatively affect their finances and way of living, studies show that consumers are starting to be more mindful about their spending. With this in mind, starting a food or consumer products business in a downturn may seem like a risky endeavor. After all, as consumers tighten their belts they also tend to “trim the fat” when it comes to goods deemed non-essential. As such, one would assume that healthy foods, toiletries, or self-care products—some of the most popular product groups in these verticals right now—would be some of the…
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Can startups that tackle the U.S.’s broken healthcare system scale across the world?
Hello, this is Jonathan Vanian filling in for Lucinda, who is on her much-deserved vacation. The shiny new thing for investors: startups using artificial intelligence to fix healthcare woes. Healthcare-related A.I. funding jumped 14{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} to $1.1 billion in the second quarter of 2020 from $986 million during the previous quarter, according to market intelligence firm CB Insights. One of the biggest deals in recent months was Cedar’s $77 million round, which it landed in June. That startup uses machine learning and related automation tech to make it easier for patients to pay their healthcare bills. He Wang, a healthcare analyst for CB Insights, told Fortune that “the biggest theme” he…
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How Target creates a great workplace for millennials
Target is hitting the bullseye when it comes to creating a millennial-friendly workplace culture. The giant retailer ranked 10th on this year’s ranking of the Fortune Best Workplaces for Millennials, large company category. The ranking is based on research and employee surveys by Great Place to Work, the global authority on workplace culture. The list was produced based on employee survey data from before the COVID-19 pandemic struck. But Target and other Best Workplaces for Millennials have demonstrated their people-first, caring cultures amid the health crisis and during the racial justice uprising that followed the killing of George Floyd—protests that erupted first in Minneapolis, where Target is headquartered. Great Place…
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The pandemic has been good to Wayfair
This is the web version of CEO Daily. To get it delivered to your inbox, sign up here. Good morning. Did you buy furniture online during the pandemic? If so, you are in good company. Wayfair, the online home furnishing store yesterday reported an 84{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} increase in revenues, to $4.3 billion. And it reported a profit, after a long string of losses. Read Phil Wahba’s report here. It’s also a good time to be a bankruptcy lawyer. Fortune is keeping a list of companies that have filed for bankruptcy. It includes the two companies that have provided most of my work wardrobe in recent decades–Tailored Brands and Brooks Brothers. That makes…
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Goldman Sachs warns a vaccine breakthrough could hurt these investors
Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, according to Goldman Sachs Group Inc. The increased probability of an approved vaccine by the end of November is underpriced by equity markets, wrote strategists including Kamakshya Trivedi in a note Wednesday. Over the next few months, the ramifications of the U.S. election and the evolution of the virus—in part as schools reopen—are also likely to be key drivers of the market, they said. Approval of a vaccine could “challenge market assumptions both about cyclicality and about eternally negative real rates,” the team wrote,…
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