Did COVID-19 steal your sales? This is how 9 Latin American startups successfully entered e-commerce
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Technological innovation and process optimization are booming. Changes and restrictions in physical interaction since the pandemic have forced companies to change the way they operate and do business, the recent McKinsey & Company survey “What 800 executives envision for the postpandemic workface ” conducted of executives of companies around the world, shows that a third of companies have accelerated the digitization of their supply chains, half have accelerated the digitization of their customer service channels, and two-thirds have more quickly adopted artificial intelligence and automation.
Undoubtedly, the pandemic has shown us that the digitization of companies of any size is necessary and that being prepared and being able to adapt quickly is essential. There has been an important evolution in consumer habits and in the adoption of purchasing through digital media, as mentioned in the eMarketer report, Latin America Ecommerce 2020 ( How COVID-19 will affect growth and sales in Argentina , Brazil and Mexico ), the region will have 191.7 million digital buyers and more than 10.8 million consumers will make a digital purchase for the first time this year.
In the region there are startups that are helping this entire process, standing out for presenting relevant innovations for sales processes, for promoting the digital transformation of companies through disruptive solutions that help them automate logistics and delivery processes, to increase productivity, for promoting customer loyalty and for allowing correct decision-making with the use of Big Data .
Here are some examples of these solutions, and the name of the startups that lead these changes, promoted by and belonging to Wayra , the Venture Capital of Telefónica
American Well AMWL shares jumped on Monday after coverage of the stock was initiated by a number of analysts four weeks following the Boston telehealth company’s debut on the New York Stock Exchange.
Amwell shares were trading at $34.29, up 5%, at last check. Here’s what Wall Street is saying:
Morgan Stanley analyst Ricky Goldwasser initiated coverage of the stock with an equal weight rating and $35 price target, saying the company’s telehealth platform is poised to gain share within a “large and expanding” market.
UBS’s Kevin Caliendo initiated coverage of Amwell with a neutral rating and $29 price target.
Caliendo says the neutral rating reflects the stock’s 81% climb since its IPO in mid-September. But the company has the potential to accelerate its growth above the estimated 27% revenue growth excluding acquisitions that Caliendo anticipates.
Goldman Sachs initiated coverage of Amwell with a neutral rating and $31 price target.
Analyst Robert Jones says American Well “is a leading telehealth vendor with a diversified customer base and a clear runway for recurring 20%-plus revenue growth, gross-margin expansion and representing one of the most top-of-mind themes in health care,” according to Bloomberg.
Cowen’s Charles Rhyee initiated coverage of Amwell with an outperform rating and $41 price target, which is a 30-times multiple to his 2022 sales estimate of $333 million.
“Telehealth is currently one of the biggest themes in health care, and … AMWL should benefit from its focus on providers, who we see being a key driver in the next leg of growth in telehealth,” Rhyee said, according to Bloomberg.
Elon Musk’s space internet gives Native American tribe access to high-speed broadband for first time
A remote Native American tribe is among the first users of Elon Musk’s Starlink space internet project after it connected to SpaceX’s constellation of satellites.
The Hoh Tribe in Washington State said Starlink’s high-speed broadband enabled remote learning and telehealth appointments during the coronavirus pandemic for the first time.
“We’re very remote. The last eight years I felt like we’ve been paddling up river with a spoon and almost getting nowhere with getting internet to the reservation,” said Melvinjohn Ashue, vice chairman of the Hoh Tribe.
“It seemed like out of nowhere, SpaceX came up and just catapulted us into the 21st century.”
There are currently around 800 Starlink satellites in low-Earth orbit, offering internet connectivity to northern areas of the US and Canada. SpaceX eventually plans to launch tens of thousands more satellites to provide “near global coverage of the populated world by 2021”.
The Hoh Tribe were introduced to Starlink through the Washington State Department of Commerce, which sits within the current reach of the Starlink network.
It is one of several early testers of Starlink , with emergency responders in Washington State also recently using the network to set up a WiFi hotspot for residents of Malden after 80 per cent of the town was destroyed by wildfires.
The Hoh Tribe revealed that internet speeds prior to Starlink ranged from between 0.3 and 0.7 megabits per second (Mbps) – a long way off the 100Mbps advertised by SpaceX.
What a difference high-speed internet can make! Our children can participate in remote learning, residents can access #healthcare. We felt like we’d been paddling up-river with a spoon on this. @SpaceX Starlink made it happen overnight. Thanks @WAStateCommerce for introduction.
— Hoh Tribe (@TribeHoh) October 7, 2020
Responding to a tweet from the
In a security alert published on Thursday, US payments processor Visa revealed that two North American hospitality merchants were hacked and had their system infected with point-of-sale (POS) malware earlier this year.
POS malware is designed to infect Windows systems, seek POS applications, and then search and monitor the computer’s memory for payment card details that are being processed inside the POS payments apps.
“In May and June 2020, respectively, Visa Payment Fraud Disruption (PFD) analyzed malware samples recovered from the independent compromises of two North American merchants,” Visa said.
The US payments processor didn’t name either of the two victims due to non-disclosure agreements involved in investigating the incidents.
Visa published on Thursday a security alert [PDF] with a description of the two security breaches and the malware used in the attacks in order to help other companies in the hospitality sector scan their networks for indicators of compromise.
June hack: Hackers used three different POS malware strains
Of the two incidents, the second one that occurred in June is the most interesting, from an incident response (IR) perspective.
Visa said it found three different strains of POS malware on the victim network — namely RtPOS, MMon (aka Kaptoxa), and PwnPOS.
The reason why the malware gang deployed three malware strains is unknown, but it could be that attackers wanted to make sure they get all the payment data from across different systems.
Visa, which also provides incident response services in financial crime-related breaches, said the intruders breached the hospitality
Volume One runs from October 14, 2020 through February 3, 2021.
This fall, American Composers Orchestra (ACO) launches two new online programming initiatives – ACO’s Composer to Composer Talks and Professional Development Webinars. ACO’s Composer to Composer Talks feature major American composers in talks about their work and leading a creative life. Professional Development Webinars, a new platform for emerging composers, feature leading industry professionals in panel discussions.
ACO’s Composer to Composer Talks are intergenerational discussions, which will begin by listening to and exploring a featured work selected by one of the composers, with one composer interviewing the other. Composer pairings have been inspired by existing collaborative and student-mentor relationships between the musicians. Volume One runs from October 21, 2020 through January 27, 2021 and includes composers George Lewis, Courtney Bryan, and Damon Holzborn (October 21); Chen Yi, Zhou Long, and Kerwin Young (December 2); William Bolcom and Gabriela Lena Frank (January 13); and John Corigliano and Mason Bates (January 27). Volume Two, to be announced in January 2021, will include composers Missy Mazzoli and Meredith Monk, among others.
Attendees will gain insight to each work’s genesis, sound, and influence on the American orchestral canon, and will be invited to ask questions of the artists. Events will be live-streamed and available for on-demand viewing for seven days following the live event. The conversations will also be archived by Oral History of American Music (OHAM) within Yale University’s Irving S. Gilmore Music Library. Single tickets are available on a sliding scale of $15-30; subscriptions will range from $45-$90 for four events.
ACO’s Composer to Composer Talks – Volume One Schedule:
October 21, 2020 at 5pm ET: George Lewis’s Virtual Concerto
with George Lewis, Courtney Bryan, Damon Holzborn
Tickets & Information: http://bit.ly/ComposerToComposerLewis
Courtney Bryan and Damon Holzborn talk with George Lewis about