EC: When I was growing up in Ohio, my dad was a salesman. That meant that we had boxes and boxes in our home packed with glassware, ceramics, clocks, and gadgets. As a kid, fewer things are as exciting as opening up these surprise boxes, but what I would love to do is open them up, look at the objects inside, and think about how they must exist for a meaningful purpose. You attach emotions to them, and that evolves into making up stories for each of these objects that was going to be sold. Every so often, my dad would invite me to the factories where the objects were made, and I’d see the process from start to finish. It was like a magic show. What my 9-year-old self loved was this eureka moment when I realized everything that exists around us today started off as an idea. … [Read more...] about The best way to convey a design idea? Merge the digital and the physical
The case for less access There’s an old adage in the IT security industry that says the biggest security threat isn’t software, it’s people, and studies have proven that to be true. In fact, one such study found that more than 99% of attacks require human interaction to succeed, such as convincing a user to download a malicious piece of malware, visit an unsecured website, or open an email attachment containing a virus. … [Read more...] about Does blocking certain websites at work hurt employee productivity?
Bajaj Auto will not use the same product or engine platforms for its own products as it already has platforms which it has and will be developing with Austrian street bike specialist KTM. Bajaj will take responsibility of selling Triumph bikes outside of India as well where Triumph has no presence. … [Read more...] about Bajaj Triumph to jointly challenge Royal Enfield, launch first bike in 2022
Q. What is CEAT’s capacity utilisation levels as of today?A. It will be over 80 percent across categories. Radial tyre capacity is at high utilisation levels. We have idle capacity in cross-ply, which are old technology tyres. This has been showing negative growth over a period of time. That’s where the utilisation levels are low, bringing down the overall level to 80 percent.Q. Are you scaling down new vehicle production due to BS-VI rollout?A. OEM share in our sales is about 25 percent. We do not have to make any changes to our production. Demand will continue to remain subdued for another six-to-eight months. Till August, things on the demand side can be challenging.Q. What was capex for FY20 and what will it be for FY21?A. It is Rs 1,100 crore for FY20 and about Rs 1,000 crore next fiscal. We have incurred Rs 1,000 crore so far and about Rs 100 will be undertaken in Q4.Q. How did raw materials prices shape up in Q3 and what is the outlook for Q4?A. Raw … [Read more...] about Plants running at 80% capacity, have lined up Rs 1,000cr capex for FY21, says CEAT’s Anant Goenka
Pay flexibility challenges Politi says companies will also need to anticipate demand during certain periods. For example, they may see a bump in pay advances around Black Friday, when many people need a little extra cash for holiday shopping. “There are going to be challenges around the cash management and then possibly around bridge loan liquidity and the ability to get access to cash to be able to pay employees,” he says. … [Read more...] about Should you be able to pick when you get paid?