TD Synnex earned $148.92 million in the second quarter, up roughly 60% from $93.1 million a year ago, on revenue of $15.27 billion, up 160.7% from $5.86 billion. The revenue growth was attributed to the merger of Tech Data and Synnex last year.
Walmart is adding augmented reality capability to its app that will allow shoppers to use their phone cameras in store to scan shelves and identify preferred products. In its grocery section, the technology will deliver information to consumers such as whether an item is gluten-free or is included in a rewards program.
The growing ineffectiveness of Wi-Fi, Bluetooth, GPS and Cell-ID is pushing 5G to the forefront of asset tracking, Polte CEO Ed Chao writes. Cloud-based cellular location with 5G provides the greatest supply chain visibility -- and the sooner businesses adopt it, the better, Chao advises.
Leasing demand for warehouse space remains high, despite Amazon's plans to sublease 10 million square feet, according to Prologis CEO Hamid Moghadam. "This is just a blip," Moghadam said of Amazon, noting that the company expanded very quickly in the last two years. Moghadam added, "Tight supply and turbocharged demand is going to continue to make for a really good market in the foreseeable future."
Chitra Iyer explores what business-to-business marketers need to know about Web 3.0 and the next steps they might take in relation to its technologies, such as nonfungible tokens, blockchain and the metaverse. Iyer talks to industry experts about the implications for B2B content, including Merkle B2B's Sarah Doughty, who says, "The metaverse offers B2B an exciting environment to connect with key business decision makers in real time."
Fractional CMOs, who are either part time or on contract, have become popular for even large companies as the pandemic pulled marketing and workers in several directions, with recruiting firm Chief Outsiders adding 343 new clients since the pandemic started. "When you're on the outside, you have the ear of the founder or CEO in a way that you don't when you're in-house," said Leslie Campisi, who now works with startups. "It's easier, to be honest, and they are more receptive to tough feedback."
Increasingly gray areas between personal and professional life can lead to high stress and greater risk of burnout, and while focus has heightened on employees who go through excessive stress, burnout among executives still carries a stigma, Samantha Johnson writes. Leaders frequently promote employees' mental health but fail to address their own, Johnson writes.
Employers and employees who work together to achieve a state of flow, or total concentration, can create an optimal workplace that fosters engagement, productivity and growth, writes Daniel Todd, founder and CEO of Influence Mobile. "This only happens with work that challenges the limits of their abilities, aims to accomplish clearly defined goals and comes with immediate feedback to guide progress with confidence," Todd notes.
The NAW Large Company Roundtables are an exclusive community of thought leaders from Large Company distribution enterprises who congregate to network with noncompeting peers in multiple lines of trade on key issues. The companies invited into this community are from distribution firms with between $100 million and $999 million in annual sales. Register today!
