Chips w/ A Side of Auto, Under Armor Embraces Hospitality, Shopify Cans Meetings
Manage episode 351568961 series 2988189
Welcome to Wednesday as we talk about some new Automotive partnerships being announced at CES. We also talk about a surprise new CEO for Under Armor and how it applies to Auto. We also talk about a bold move from Shopify to stop wasting time.
Re-watch the Year End Extravaganza here: https://www.asotu.com/yee
Show Notes with links:
- As day one of CES heats up in LasVegas, gaming/chip maker/AI company Nvidia announced several partnerships as it deepens its connection with the Automotive Industry
- Mercedes-Benz is using Nvidia's Omniverse platform to create a digital twin of its assembly plant in Rastatt, Germany, allowing the company to plan production changes and test them in a virtual environment before reorganizing the physical plant.
- Foxconn will use Nvidia's technology in developing its own advanced vehicles and to supply automakers with electronic control units based on Nvidia's chips and sensors for highly automated driving.
- Hyundai Motor Group, Polestar and BYD are planning to offer Nvidia's GeForce NOW cloud gaming service in vehicles. No specific models have been identified yet for in-car gaming, but the idea is to help entertain not only rear-seat passengers, but drivers who park to charge an electric vehicle, said Danny Shapiro, Nvidia's vice president for automotive.
- Surprising many in the athletic wear industry, Under Armor has named current president of Marriott International, Stephanie Linnartz, as its new CEO
- Marriott has $20B in revenue vs the 5.9B of UA
- Exec Chairman Mr. Plank told CNBC UA is seeking to be a bigger player in fashion and lifestyle apparel, areas where Nike and Adidas make a significant amount of their sales.
- They have recently dropped out of the top 10 most popular brands for teens
- One commenter noted "If the new CEO brings hospitality’s hyperfocus on the customer, then it’s going to be a win for Under Armour."
- Linnartz has also been on Home Depot’s board since 2018 but doesn’t have direct retail or sports industry experience
- Ecommerce platform Shopify is kicking off the new year by kicking most meetings to the curb. the company has implemented a "calendar purge", which aims to cut down on the number of meetings held
- All recurring meetings with more than two people will be removed "in perpetuity"
- No meetings will be held on Wednesdays
- Big meetings of more than 50 people will be restricted to six hours on Thursdays, with a limit of one a week
- Employees will be encouraged to decline other meetings and leave large internal chat groups
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