COVID-19 has turned the world on its head. There’s no area of life that the pandemic hasn’t touched; from professional to personal, things will never be the same again. The business world, in particular, has felt the impact of the virus in a big way. Whereas traditional brick-and-mortar industries which rely on face to face interaction and physical footfall have taken a severe hit, the e-commerce industry has positively flourished under the ‘new normal.’
“The e-commerce revolution is just beginning, but I believe historians will look back and highlight the significant role COVID-19 played,” explains Victor Madu. “The statistics speak for themselves. E-commerce giant Amazon nearly doubled its sales in May of this year, and every click to purchase is another step on their journey to complete market domination.”
Victor Madu adds, “Unfortunately, many companies won’t survive this terrible pandemic, and that needs addressing, but the profits and power of the e-commerce sector are constantly growing. I’ve seen the upsurge in demand within my own company, and it’s been quite unexpected and phenomenal,”
Although there has doubtless been a dramatic rise in online shopping habits worldwide during the pandemic with more and more people opting to shop from the comfort of their own homes, does Victor Madu believe this trend will continue when COVID-19 has finally been beaten, or will consumers be eager to rush back to the mall for a physical shopping experience?
Victor Madu explains, “There’s no doubt that there will always be a place for physical stores which offer both quality and choice. People love to do things in the flesh, and shopping is no different. But, and it’s a big but, shoppers have found the habit of buying mostly online a hard habit to break. It’s convenient, time-saving, extremely accessible, safe, and the choice online is limitless. I don’t think there’s any going back. My advice to more traditional businesses during this difficult time is to build and enhance your online presence if you’re serious about investing in the future. You cannot rewind the clock, but you can certainly adapt and thrive in the post-COVID-19 landscape.”
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Yamaha’s flagship noise-canceling wireless headphones release in the US for $280
In the wake of sending off earlier this summer, Yamaha’s flagship TW-E7B wireless headphones are presently accessible in the US. You can get them beginning today for $279.95. The TW-E7B have a few things going for them. They’re the first true wireless headphones from Yamaha to incorporate the organization’s proprietary active noise cancelation algorithm. Yamaha claims its interpretation of ANC doesn’t “color” audio the manner in which a few implementations do. The headphones additionally feature an internal microphone that monitors how the shape of your ear means for audio output and adjusts accordingly.
A considerable lot of the other software features you’ll find on the TW-E7B are standard at this cost range. The standard ambient mode makes an appearance, as does Google’s Fast Pair. For gamers, there’s a low-latency mode you can initiate by triple tapping the volume down button on the right headphone. On that note, the consideration of built-in volume controls is prominent. Most obvious wireless headphones don’t have them. Bluetooth codec support isn’t so broad as some of the tiny headphones we’ve seen raised a ruckus around town as of late, yet you really do gain access to AAC and aptX versatile.
As per Yamaha, you can get as long as six hours of battery life from the headphones alone, and a total of 22 hours with the included charging case. The casing protecting the 10mm drivers is IPX5 certified against moisture. The TW-E7B are accessible in four colors: black, dark blue, beige and white. They likewise accompany five unique silicone eartips.
Tata Motors EV subsidiary gets Ford’s Sanand plant for ₹726 crore
Tata Motors Sunday said its subsidiary Tata Passenger Electric Mobility Ltd (TPEML) has signed a Unit Transfer Arrangement (UTA) for the obtaining of Ford India’s manufacturing plant at Sanand in Gujarat for ₹725.7 crores.
As part of the agreement, Tata Motors will get whole land and buildings, vehicle manufacturing plant alongside machinery and equipment situated in that, the Mumbai-based auto major said in a late-night notification to the stock trades.
As part of the agreement, every one of the qualified representatives at the Sanand unit of Ford India will be moved to Tata Motors.
Ford India will keep on working its powertrain manufacturing facility by renting back the land and buildings of the powertrain manufacturing plant from Tata Passenger Electric Mobility based on mutually agreed terms, Tata Motors said.
Tata Motors EV subsidiary additionally consented to offer work to the qualified representatives of the powertrain manufacturing plant on the off chance that Ford India discontinuance of such operations, the statement added.
The closure of the transaction will be dependent upon the receipt of significant approvals from the government authorities and fulfilment of customary condition precedents. The government of Gujarat, TPEML and FIPL have previously executed a tripartite MoU on 30th May 2022 to help all significant approvals for the above transaction.
The unit is neighboring the current manufacturing facility of Tata Motors Passenger Vehicles Limited at Sanand, which ought to help in a smooth transition, Tata Motors said.
This acquisition is timely and a win-win for all stakeholders. It will unlock a state-of-the-art manufacturing capacity of 300,000 units for each annum which is scalable to 420,000 units for every annum, the auto major added.
“The agreement with FIPL signed today is beneficial to all stakeholders and reflects Tata Motors strong aspiration to further strengthen its market position in the passenger vehicles segment and to continue to build on its leadership position in the electric vehicle segment,” Tata Motors Passenger Vehicles MD Shailesh Chandra said.
Steve Armstrong, Transformation Officer of Ford Motor Company, said the declaration denotes a significant step forward in the organization’s ongoing business restructuring in India, which is part for its Ford+ plan for vital change.
“With the transfer of employment for eligible vehicle manufacturing employees included in the agreement, this milestone also highlights our best effort in caring for those impacted by the restructuring,” he said.
The organization had in September last year reported that it would stop vehicle production at its two plants in India as part of a restructuring exercise.
Both Tata Passenger Electric Mobility and Ford India will cooperate over the course of the next few months to fulfill all the condition precedents and get the required regulatory approvals for the closure of the transaction, Tata Motors said.
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