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Hurricane Ian is an exercise in risk management | Commentary

Hurricane Ian is an exercise in risk management | Commentary

Orlando Sentinel, September 28, 2022

My wife was scheduled to attend a professional meeting in Savannah, Ga., this week, and we spent time analyzing her options last weekend. As a data scientist with expertise in risk management and decision-making under uncertainty, tracking hurricanes is a hobby. My assessment over the weekend: cancel the meeting and move it online.

Online Reviews: Should Sellers Show All or a Subset Relevant to You?

Online Reviews: Should Sellers Show All or a Subset Relevant to You?

UCLA, September 28, 2022

For many buying decisions — whether for hotel rooms, restaurant meals or an online purchase — the first step is checking the ratings given by previous customers. The reviews might not always be reliable (and sometimes are even fake), but on the whole, they can provide useful information about the quality of a product.

Freight Labor Unrest Is Going Global and Weighing on Supply Chains

Freight Labor Unrest Is Going Global and Weighing on Supply Chains

Hellenic Shipping News, September 26, 2022

From seaport docks in Los Angeles and Liverpool to rail yards in Chicago and warehouses in Europe and the U.S., clashes between cargo workers and management have been rising this year, adding complications and uncertainty to the flow of goods around the world.

Swimply is like Airbnb for renting strangers’ backyard swimming pools. We tried it. Was it weird?

Swimply is like Airbnb for renting strangers’ backyard swimming pools. We tried it. Was it weird?

Chicago Tribune, September 22, 2022

We have grown comfortable with our so-called sharing economy. We forget that Airbnb offers us a stranger’s bed for the night (or longer). Uber puts us in a stranger’s car. Those are just the ubiquitous ones. Peerspace gets you a stranger’s backyard, barn or basketball court for a bridal shower, birthday party or bat mitzvah. Outdoorsy will loan a stranger’s RV. Sniffspot caters to dog owners in need of fenced-in lawn for off-the-leash time. JustPark rents your parking space. GetMyBoat is self-explanatory.

Podcast #189 — Why We Travel; When The First Flight Isn’t Best

Podcast #189 — Why We Travel; When The First Flight Isn’t Best

Travel Commons, September 22, 2022

Lots of different voices in this episode. Listeners growing our list of travel tips, and conversations with Dr. Sheldon Jacobson about why one of those tips — always catch the first flight out — isn’t always right, and Patricia Schultz about her new book, Why We Travel: 100 Reasons to See the World. All this and more – click here to download the podcast file, go up to the Subscribe section in the top menu bar to subscribe on your favorite site, or listen right here by clicking on the arrow on the player.

Garden offices for CEOs

Garden offices for CEOs

Shedworking, September 21, 2022

We usually think of shedworkers as being one-person bands, but that's becoming quite an outdated concept now as hybrid working really kicks in and garden offices have become a normal feature of working life. So it's also important to recognise that employers as much as employees have need of a decent shedworking space. There's an interesting article on just this subejct at Raconteur called 'Remote control: the rise of the hybrid CEO'. Here's a snippet:

Online Puzzle Wordle MIT Study Says This Is The Best Wordle Starter Word Do You Agree

Online Puzzle Wordle MIT Study Says This Is The Best Wordle Starter Word Do You Agree

Big Yack, September 19, 2022

Researchers at the Massachusetts Institute of Technology (MIT) say they have found the optimal word with which one should start Wordle, a word game which has become immensely popular all over the world ever since it was launched in October 2021. The New York Times Company acquired Wordle in January 2022. Software engineer Josh Wordle from Brooklyn, New York, had created the daily word game for his partner, Palak Shah, who enjoys playing word games. Wordle is a guessing game that roughly follows the rules of the guess-the-colour game Mastermind.

Service sector ‘shrinkflation’ has some benefits

Service sector ‘shrinkflation’ has some benefits

The Hill, September 19, 2022

Inflation continues to impact the buying power of consumers. To further exacerbate the situation, companies not only raise prices, they also employ ‘shrinkflation’ to shrink the amount of food or product that a prepackaged unit holds. Whether it be packages of toilet paper, cartons of juice, or containers of ice cream, consumers have been paying more for less for years.

It’s Time to Rethink Supply Chain Risk Management

It’s Time to Rethink Supply Chain Risk Management

Ivalua, September 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. McKinsey estimates that shocks lasting a month or longer are occurring every 3.7 years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions.