Thursday, September 30, 2021

E-commerce will grow 56% in 2025, but physical stores will not disappear

In the next four years, e-commerce will represent 33% of the total growth of mass consumption sales in the country, while local ones will represent 67%. The integration of both channels will be key to survival.

e-commerce



The e - commerce advances to step firm in the country . According to a study prepared by the market research firm Euromonitor International , developed for Google , it grew by 39% in Argentina in 2020 and is expected to increase by 56% in 2025.

Its impulse will not mean the disappearance of physical stores, which, in the next four years, will represent 67% of the growth of total sales of the retail sector in Argentina , while e-commerce will involve 33%, according to to the report "The future of retail".

However, the survey emphasizes this last projection, since electronic commerce only represented 7% and 11% of total sales in Argentina in 2019 and 2020 , respectively.

National growth is aligned with the advance of Latin America. In 2020, the industry grew 54% in the region , with peaks of 87% in countries such as Peru and 61% in Brazil. It is estimated that by 2025 it will reach a record 96%.

The omnichannel strategy will be key to the future of the sector. According to the analysts in charge of the investigation, the premises will fulfill new roles as places of experiences, sales and distribution centers, and pick-up points .

"The physical store is redefined and complements electronic commerce. Today, 77% of Argentines enjoy buying both online and in branches, " explains Marcos Aramburu, Google research manager, executive in charge of the study.

However, online stores generate greater brand loyalty than physical ones: during the purchase, 17% change from a face-to-face store to a virtual one when they cannot find their preferred brand. On the other hand, 73% declare that their cell phone is a fundamental part of the process.

The report shows that, at present, consumers use an average of 7.4 channels to investigate and 5.6 to make the purchase. Among the favorites for the first stage are search engines, social networks and online videos . While for the purchase, they prefer physical and digital stores, retailer websites and apps .


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Wednesday, September 29, 2021

The French ambassador to the United States returns to Washington after the tension over the sale of submarines to Australia

The French Embassy in Washington


Philippe Etienne will return to the capital of the North American country "with a clear mandate" and to "establish the conditions to resume relations," according to the French president, Emmanuel Macron.

The French ambassador in Washington, Philippe Etienne, will return to the North American country this Wednesday, after his call for consultations in the face of tensions over the creation of the military alliance announced by Australia, the United Kingdom and the United States , as announced on Tuesday by the president of France, Emmanuel Macron .

The French president, who indicated that the crisis due to the cancellation of the agreement for the sale of submarines to Australia after the creation of the AUKUS alliance "does not change the strategy" of Paris in the Indo-Pacific region at all , stressed that the ambassador will travel to Washington " with a clear mandate ”to“ establish the conditions to resume relations ” .


He also stressed that the strategy in this region "was announced in early 2018 in India" and added that Paris "has numerous partners in the region . " "France is a power in the Indo-Pacific, regardless of any contract," he said, according to the French television network BFM TV .
Macron also recognized that the United States "is a great historical ally" and stated that "it will continue to be so" , although he clarified that France "has been forced to verify that for just over ten years, the United States has focused a lot on itself and it has strategic interests that are reoriented towards China and the Pacific ”.

“It is their right, it is their own sovereignty. We would be innocent and make a terrible mistake if we did not draw the conclusions and verify this fact for ourselves, "he said. "It is with the same pragmatism and lucidity towards our independence that we, as Europeans, must take charge of our own protection," he said.

Last week , the French Foreign Minister, Jean-Yves Le Drian , told his US counterpart, Antony Blinken , that regardless of the approach to which the presidents of their respective countries have committed, overcoming the open political crisis “will take time and will require actions ”.

The unexpected confessions that Andrea Legarreta made about her sexuality

Juan José Origel asked an uncomfortable question on “Hoy”, which triggered some reactions from the host.

Andrea Legarreta


Andrea Legarreta and Erik Rubín have been married for many years and have also already formed a family, however, they have been involved in the rumors around their relationship that have haunted them for a long time, on this occasion , the driver revealed some aspects of his intimate life.


It was on the Hoy program , where the presenters began to talk about Juan Soler, who recently decided to resume a romantic relationship with his first girlfriend. Given this, Juan José Origel could not wait any longer, so he asked Legarreta and Galilea Montijo if any of them would return with an ex-partner.


"No", Andrea Legarreta answered bluntly and continued: " the good thing is that Erik was my only boyfriend and the first in my life, I married a virgin, " he remarked.


At this statement, Galilea Montijo burst into laughter because he did not believe her friend what she had just said and added: " The Legarret a still believes in the Holy Kings ."


However, Pepillo defended Andrea and explained that he did believe what he had confessed. To which Legarreta sentenced with a smile on his face: "Yes it is true."


After this moment, Galilea and Arath de la Torre decided to get up from the table where they were commenting on the note and the program continued as normal.


Although Erik and Legarreta have been married for 21 years and are considered one of the most stable couples in the midst of entertainment, the host of Hoy has come to mention several times that not everything has been honey on flakes.


Just in May 2021, the spouses went to the Montse & Joe program and confessed that during the years they have been together they have had high times, but also very low ones.


" We don't hate each other as such, there are simply stages where you can't stand it the same way or do things, then you're breathing and" I didn't like how you breathed, "there are stages ... 21 years of life together," Legarreta said for the broadcast program. by Univision.


For his part, Erik Rubín said that "love is evolving" and in this sense, the morning host said that sometimes a limit is reached, regardless of the type of relationship that is talked about, and it is generally exploited.


"We have reached that limit of" what's up, now better up to here or what? ", But we always end up realizing that we love each other and then like I don't see my life after him. Even I tell him, if we really separate, I swear I'm not going to have a boyfriend, because poor thing, ”Andrea exclaimed.


The couple agreed that having a relationship in front of the constant exposure of the cameras is something complicated, but that they are getting used to it and they give each other freedom because they know how the medium works.


“He and I have a lot of freedom too, we let ourselves be [...] we are not like that, we let ourselves be. So if I were with someone who somehow cannot be me, I would rather be alone, "Legarreta said.


Some time after that interview, the former Timbiriche singer was involved in a strong scandal after being caught at a party with a young woman identified as an influencer; However, the great absence of the driver Andrea Legarreta was striking.


The publication unleashed polarized reactions among network users: "Andrea is going to say 'I was recording a video, don't be badly thought about'" , " Andrea has had several cheating scandals on this one and I think it's because of the fear that tell him that he failed ”, were some of the comments.


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Tuesday, September 28, 2021

GBP/USD steady above 1.3700 despite broad-US dollar strength

GBP/USD hovers around 1.3709 as the European session closes.

GBP/USD

BoE’s hawkishness boosts the prospects of the British pound.

US Durable Good Orders in August expanded 1.8%, more than July’s 0.5%.

Chicago’s Fed President Evans commented that the US economy is close to meeting the Fed’s bar for bond tapering.

After closing in the back foot on the last week, the GBP/USD is recovering, trading at 1.3704 up 0.12% at the time of writing.

Market-mood is upbeat, as European indices are trading higher, while it is a mixed bag in the US. The Dow Jones Industrial Average (DJIA) is up to 35,041.12, gaining 0.70%, whereas the S&P 500 and the Nasdaq are down 0.09% and 0.95%, respectively. 

US Dollar Index holds to last week gains

The US Dollar Index (DXY), which measures the greenback’s performance against a basket of six-peers, is steady up 0.14% at 93.40, underpinned by rising yields with the US 10-year Treasury yield recording gains of 1.20% at 1.478%. 

In the UK, the economic docket is empty. However, wires reported that 50-90% of natural gas stations are running dry in some areas, and this shortage could derail the recovery. 

On Thursday of last week, the Bank of England held interest rates and its bond purchases unchanged. Nevertheless, hinted that a hike might be on the cards, even before the central bank tapers its bond-buying program. The decision is influenced by rising prices, as the BoE expects inflation to rise to 4%.

Meanwhile, the US Census Bureau released Durable Good Orders data for August, figures rose by 1.8% more than the 0.7% foreseen by analysts, smashing the previous month’s reading of 0.5%. Excluding defense, new orders increased 2.4% against the -0.5% expected. Demand for durable goods has expanded 15 of the last 16 months.

Early during the New York session, Chicago’s Fed President Charles Evans crossed the wires.

He commented that the US economy is close to meeting the Fed’s bar for beginning to reduce its bond purchase program. Further, an improvement in the labor market will likely meet the bar soon set by the central bank, and bond tapering can begin.

Later during the day, New York’s Fed President John C. Williams and Fed’s Governor Lael Brainard will hit the wires.

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Monday, September 27, 2021

A Technology Project Proposes That Voice Assistants Like Siri Speak More Languages

Assistants Like Siri


Neither Apple development, nor Alexa, nor Google Assistant work in African languages. To make this technology more inclusive, the Common Voice initiative calls on thousands of people to donate their voices for an open database that can be used for algorithms to learn to speak other languages.

Technology came to change the lives of millions of people around the world. There is no doubt that it helps improve education, provides access to information and communication instantly. The problem is that there are millions of people who are being relegated and forgotten by the big companies that are leading the changes in the global technological ecosystem. And one of the clearest examples is the voice assistants that are in our phones, smart screens, watches and computers.

In Africa there are more than a thousand native languages. Each of them has its own accents, speech patterns, and structures. And neither Alexa, nor Siri, nor Google Assistant, the three most famous voice assistants on the market, speak any of those languages. This automatically leaves millions of people without the possibility of using this technology, which, curiously, is one of the ones that has grown the most in recent years.

The giants like Google, Amazon or Apple do not pay attention to a part of the market for voice assistants that may seem small but represents millions of people, but there are other companies that are addressing this problem. Mozilla, the company behind the Firefox browser, is one of the companies that is making the most progress.

“Companies appear to have followed the dominant language business model, which often leaves behind the diversity of African languages, among others. They focus on extrapolating developments and 'plugging' them into the African context rather than adapting them and that is not going to work successfully, ”Chenai Chair, special advisor for innovation in Africa at the Mozilla Foundation, says via email.

Mozilla is managing to meet the needs of millions of people on the African continent thanks to the development of a collaborative technology called Common Voice. It is an ambitious open source initiative aimed at democratizing and diversifying voice technology. "It's an approach to changing the status quo," adds Chair.

To understand Common Voice, you have to understand how machine learning algorithms work. These algorithms learn by themselves, but for that you have to give them a large amount of information so that they can understand, in the case of voices and languages, the different phrases, tones and structures of language.

How Common Voice works is simple: it allows people to donate their voices to a free, publicly available database for companies, researchers, and developers to use to train voice-enabled applications, products, and services.

The need it is filling is so great that Common Voice became the world's largest multilingual public domain voice data set. From 2017, when the initiative was born, to the present, it has managed to gather more than 12 thousand hours of voice data and 75 different languages ​​ranging from Swahili to Mandarin and Welsh.

Why is this public database so important? Because most databases of this type are owned by large for-profit corporations and used to train their machine learning algorithms. This makes it practically impossible for developers, researchers and smaller companies, without so many economic possibilities to obtain bases or create their own, to get involved in the development of new, more inclusive speech recognition technologies.

From the beginning of the pandemic, everything changed in the project. Before, events were held, especially in schools, where not only did people meet to collaborate with Common Voice, but also discussion tables were set up to try to find better ways to reach more people. Since the arrival of COVID-19, this process has become virtual. And while this saves a lot of work when organizing meetings, it also created inconveniences: Many people do not have good connections or upload recordings with too much noise to help artificial intelligence do its work. The quality of the information is as important as the information itself.

The experience of donating your voice to Common Voice is straightforward. On the project page you can see two large buttons: speak (speak) and listen (listen). The first is so that anyone who wishes can donate their voice by reading a series of phrases that the system will show them. The second is so that all users can validate the accuracy of the voices that others donated.

The platform's incredibly simple and intuitive design is not by chance. The user experience should work perfectly for people who not only speak different languages, but also have very different degrees of technology education.

The project, in which 400 thousand people from all over the world have already collaborated, is a success. Common Voice made an agreement with the company NVIDIA, from which it received a million and a half dollars in addition to workforce and technology to improve its systems, and also obtained more than 3 million as part of a joint donation by the Foundation Bill & Melinda Gates, German Development Cooperation and the UK Foreign and Commonwealth Office. The money is being used primarily to hire people to specifically grow the database of Swahili, which is a language spoken mostly in Tanzania and Kenya by an estimated 45 million people.

"We plan to make conversational technology available in most languages," says Sid Sharma, Head of Product Marketing at NVIDIA.

The Internet - and therefore everything that surrounds the technological world - was and is built and developed in English. If you take into account that only 20% of the world speaks this language and only 5% of people are native speakers, you can imagine how many people are having a barrier to use technology. If we want it to be more inclusive, we have to start thinking about a future that does not speak just one language, but all possible languages ​​so as not to leave so many citizens out of the digital world. Projects like Common Voice, little by little and with the help of the citizens themselves, are achieving it.

Sources: