The Markets-June 14, 2021
- Modern-day food automats. A vast improvement over food vending machines, some restaurants are using technology to replace servers. Patrons order on a screen and the food is delivered in numbered cubby holes. The kitchen staff is in the back preparing the orders.8
- Grab-and-go groceries. People scan an app before they enter a grocery store that has no cashiers. As they shop, cameras and sensors track what they remove from shelves or bins. “…the technology had to be tweaked to account for how people squeeze tomatoes to test for ripeness or rummage through avocados to find just the right one,” reported Joseph Pisani of the AssociatedPress. (Tip: When shopping in grab-and-go groceries, don’t take items off high shelves for other shoppers – you may be charged if the person you helped leaves the store with the goods.)9
- Bricks-and-mortar online shopping. A women’s clothing boutique outfitted its new stores with screens so shoppers can select the clothes they want to try on. Then, the shopper is escorted to a dressing room where the clothes are hanging in a wardrobe. “Another touch screen in the dressing room lets you request even more items and sizes, but instead of awkwardly trying to hail a salesperson in your underwear, you just close the wardrobe, and someone in body-con Narnia adds it through the back,” reported Emilia Petrarca of TheCut.10
Weekly Focus – Think About It
“Before you become too entranced with gorgeous gadgets and mesmerizing video displays, let me remind you that information is not knowledge, knowledge is not wisdom, and wisdom is not foresight. Each grows out of the other, and we need them all.”
-Arthur C. Clarke, Writer11
These views are those of Carson Coaching, not the presenting Representative or the Representative’s Broker/Dealer, and should not be construed as investment
This newsletter was prepared by Carson Carson Coaching is not affiliated with the named firm or broker/dealer.
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Sources:
1 https://www.bls.gov/news.release/cpi.nr0.htm
2 https://www.ft.com/content/e1ebc257-fab7-44d5-988b-4004ca06fb12
3 https://www.barrons.com/articles/inflation-stock-market-51623448579?refsec=the-trader
4 https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield
5 http://www.sca.isr.umich.edu
6 https://www.investopedia.com/terms/i/inflationarypsychology.asp
7 https://www.popsci.com/science/turnspit-dog-breed-cooking/
8 https://www.axios.com/dumplings-yes-servers-no-automation-e2c5b739-4b8b-492e-b01e-e5acb712941e.html
9 https://apnews.com/article/tx-state-wire-technology-us-news-business-wa-state-wire-623bd4cd2b6c949d9d9411090447c371?utm_source=morning_brew
10 https://www.thecut.com/2017/12/new-reformation-bond-street-store.html
11 https://www.goodreads.com/quotes/tag/technology