Monday, January 20, 2014

#380: Amazon Patents Anticipatory Shipping - Fascinating!

From Huffington Post: Late last month, Amazon patented a process they've termed "anticipatory package shipping," in which products would be sent to fulfillment centers near the customers most likely to purchase them, before customers even order them. In a bit of "Minority Report" meets Wal-Mart, the online retail giant could feasibly ship items before they're actually purchased, filling in the relevant details -- like a buyer's address, for instance -- at a later date. "The patent's examples illustrate a speculative shipment system that deploys goods to specific geographical areas," Engadget explains. "If a customer in that area places an order that matches a nearby package, it would then be redirected to its final destination." Which means the complete box-set of Monty Python's Flying Circus isn't going to arrive on your doorstep unannounced. It does mean, however, that Amazon may shuffle the product to a distribution center nearer you for faster fulfillment when you inevitably succumb to your love of British comedy and hit the "checkout" button. Of course, Amazon wouldn't ship items ahead of time in the absence of clear demand for the product. To assess that demand, reports the Wall Street Journal, factors like a customer's previous orders, product searches, wish lists, returns and shopping cart data would all be taken into account. Shoppers who linger over an item with their mouse cursor may also attract Amazon's attention. The anticipatory shipping is the latest development from Amazon that feels straight out of the future. In December, CEO Jeff Bezos unveiled Amazon Prime Air on "60 Minutes," a fleet of delivery drones that could be available within 4 to 5 years.

Tuesday, January 7, 2014

#378: The American Health Care Paradox Book Discussion

While more of an academic discussion of the importance of controlling health care spending, this Book TV segment is well worth watching since health care is and will be an important focus in personal financial planning. This program does a good job of analyzing the strengths and challenges of America's approach to health care compared to the best practices of other nations in a respectful way. Health care is the fastest growing segment of GDP and I think we are all well served by being more informed about new ways to approach health care spending in order to maximize cost/benefit in both quantitative and qualitative terms.

Sunday, January 5, 2014

#377: Tootsie Roll Guards Corporate Information

Many publicly traded companies court industry analysts and the public through disclosure over and above the minimum required by the SEC and GAAP. If Nancy Giles' reporting is accurate, that's not the case with Tootsie Roll. More importantly, I always thought they were chocolate!

#788: How to Outsmart Shoplifters