Tag: lead

13
Oct
2020
Posted in technology

How Digital Technology Could Lead The ‘New Business Normal’ In Latin America

Managing Director & Founder of the Biz Latin Hub Group.

The most significant technological advancements that currently shape our society and economy have emerged from challenging times. The internet, for example — without which our daily life as we know it would be possible — emerged in light of the Cold War, after the United States Advanced Research Projects Agency (ARPA) and MIT scientists invented a method to prevent communications from being affected in the event of an attack.

According to the UN, a report from the Economic Commission for Latin America and the Caribbean found that the Covid-19 pandemic is expected to result in the loss of 8.5 million jobs in Latin America and the Caribbean. It has produced new realities through which life and business have managed to get ahead. Digital technology has proven to be the great ally of humanity, facilitating the adaptation of economies and businesses to the “new normal,” a term that is commonly overused and yet mostly still unknown.

Currently, I expect the technology sector in Latin America to grow considerably, as it appears to be a key solution for businesses to evolve with changing social and economic contexts brought about by this pandemic. Technology stands as an industry that could lead the region’s “new business normal.”

The digital revolution is a call for Latin American business resilience.

After governments in the region announced measures to counteract the contagion of the virus, companies of all sizes have reportedly started realizing the importance of digital technology for applications like e-commerce. Technology enables them to adapt to a new business ecosystem in which interacting with clients can no longer be the same.

As I expected, the industries of e-commerce, streaming services, online education and health, food delivery and technological financial services (fintech) have grown

12
Oct
2020
Posted in programming

Wingstop, Smokey Bones lead Restaurants Rise powered by MUFSO

The first week of Restaurants Rise powered by MUFSO has wrapped up and, as we enter the second week, here is a peek at what you can expect during the rest of the virtual event.

Last week, Erica Dhawan, CEO of Cotential, spoke about how to communicate with employees and peers effectively; Kelli Valade, CEO of Black Box Intelligence, spoke about the recent restaurant data as the industry tries to recover; three Black restaurant operators spoke about their experiences during the recent social unrest as business owners; and Dr. James Pogue spoke with Chip Wade and Patti Simpson of Union Square Hospitality Group about diversity and inclusion.

These sessions are all available on demand here.

Register for future sessions here.

Some highlights to look forward to this week include:

  • Soledad O’Brien on how to communicate in times of change — Oct. 13 at 12 p.m. EDT;
  • A look at gender equity in the industry and tips to help women thrive and promote female employees with Women’s Foodservice Forum CEO Therese Gearhart — Oct. 13 at 3:30 p.m. EDT;
  • A presentation on research conducted by The Coca-Cola Company with insights into how the pandemic has impacted restaurants, how operators have adapted and what will bring diners back through their doors — Oct. 15 at 12 p.m. EDT;
  • Scott and Ally Svenson, founders of MOD Pizza, on maintaining values and company culture through growth — Oct. 15 at 3 p.m. EDT.

The second half of Restaurants Rise powered by MUFSO will pack a punch with a

12
Oct
2020
Posted in technology

Apple iPhone 12 lineup could lead to 5G ‘supercycle’

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Apple

Apple’s iPhone 12 launch with 5G will complete the smartphone equation to make speedier wireless access a reality in the US. And coverage with broader price points will spur upgrades into 2021.

Analysts are expecting the iPhone 12 family–iPhone 12 Mini, iPhone 12, iPhone 12 Pro, and iPhone 12 Pro Max–to all feature 5G. The models are rumored to cover a wide range of price points including the $400 to $700 range where the growth will be.

Now Android devices have been all over 5G, but Apple represents the 46% of the market in the US, according to Counterpoint Research. In addition, 5G devices have typically been reserved for the premium market until recently.

Apple’s iPhone 12 series will ensure the two leading smartphone platforms are 5G equipped. As a result, analysts are betting on another supercycle for the iPhone, or a once in a decade upgrade cycle.  

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Counterpoint

Wedbush analyst Daniel Ives lays out the 5G upgrade argument for Apple.

Across the board we are seeing an uptick around production and pent up demand for the slate of iPhone 12 models (expecting 4 new models) set to be unveiled next week in this launch event. In particular we are seeing Apple and its Asian suppliers anticipate stepped-up demand for the larger 6.7-inch model which is raising the overall iPhone 12 expectations heading into this “once in a decade” potential launch. We continue to believe the line in the sand a few months ago was between 65 million to 70 million 5G iPhone 12 units and now has moved into the 75 million+ range with 80 million a stretch goal. Importantly, with our estimation that 350 million of 950 million iPhones worldwide are currently in the window of an upgrade opportunity, we believe this will translate into an unprecedented

05
Oct
2020
Posted in technology

AppLovin hires Morgan Stanley to lead IPO

A man plays a game on a smartphone.

Brent Levin | Bloomberg | Getty Images

AppLovin, the U.S. mobile app and gaming company backed by private equity firm KKR, has hired Morgan Stanley to lead preparations for an initial public offering (IPO) which could come early in 2021, according to people familiar with the matter.

The company has flirted with the idea of an IPO for years, but had never taken a concrete preparatory step. It is the latest mobile gaming startup to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.

The sources requested anonymity because the IPO preparations are confidential and cautioned that the plans are subject to market conditions.

“Today gaming is a fractured, fragmented market. I think the market will consolidate, and I think AppLovin will be one of those consolidators,” Ted Oberwager, a managing director in KKR’s technology, media and telecommunications team and an AppLovin board member, said in an interview. He declined to comment on the IPO plans.

AppLovin and Morgan Stanley declined to comment.

AppLovin has been profitable since it was founded in 2012 as a mobile games advertising platform. It expects to generate roughly $1.5 billion in revenue for 2020, according to one of the sources, who is familiar with the company’s finances.

By comparison, gaming platform Unity Software went public last month at a valuation of $13.7 billion after reporting revenue for the first six months of 2020 of $351 million. Its shares have risen more than 60% since the IPO.

In 2018, KKR acquired a minority stake in AppLovin for $400 million, valuing the company at $2 billion. AppLovin now expects to command a substantially higher valuation, the sources said.

In 2018, AppLovin also began a media division, Lion

05
Oct
2020
Posted in programming

NBCUniversal officially taps Warner ex Rovner to lead entertainment programming (NASDAQ:CMCSA)

NBCUniversal (CMCSA +1.1%) has confirmed that Susan Rovner is joining in a new role where she oversees entertainment programming at NBC, a suite of cable networks and streaming service Peacock.

She’ll be chairman of entertainment content, NBCUniversal TV and Streaming.

That move was signaled and comes just after she exited her role as president of Warner Bros. TV (T -0.4%). Rovner spent more than 20 years at Warner Bros., developing hit programs including The O.C., Gossip Girl, Fringe and Supernatural.

She’s being charged with leading centralized content groups covering scripted, unscripted, alternative and late-night programming – a part of NBCU’s realignment into a horizontally structured company rather than vertical, with more staff aligned by genre rather than network.

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