Treasury's Mnuchin says Amazon 'destroyed' U.S. retail sector

Reuters | July 25, 2019

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that online giant Amazon.com Inc has destroyed the retail industry across the United States. Mnuchin said he looked forward to hearing the results of a Justice Department probe, announced on Tuesday, into whether big U.S. technology firms engage in anticompetitive practices, the strongest sign yet that the Trump administration is stepping up its scrutiny of Big Tech. “If you look at Amazon, although they’re certain benefits to it, they’ve destroyed the retail industry across the United States,” Mnuchin told CNBC. “I don’t have an opinion other than I think it’s absolutely right the attorney general is looking into these issues and I look forward to listening to his recommendations to the president.”

Spotlight

At Gettysburg Flag Works, we are passionate about all things flag related. From manufacturing them to ensuring that they are displayed correctly, we take pride in what we do.

Spotlight

At Gettysburg Flag Works, we are passionate about all things flag related. From manufacturing them to ensuring that they are displayed correctly, we take pride in what we do.

Related News

EMERGING TECHNOLOGY

Esker and Quadient to Develop Electronic Invoicing Platform, to Partner with French Government

Esker | November 22, 2022

Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, and Quadient, a leader in helping businesses create meaningful customer connections through digital and physical channels, today announced that their years-long collaboration will take on a new dimension by partnering with the French government’s upcoming Partner Dematerialization Platform (PDP). Quadient and Esker have been working together for more than seven years through their joint subsidiary NCS, a strategic partnership that allows Quadient to leverage Esker's technology expertise for automating and digitizing customer and supplier invoices. The new direction NCS is taking strengthens this collaboration and ensures that businesses of all sizes experience a smooth and secure transition to compliance with upcoming French tax regulations according to the defined timetable, whether invoices are received or transmitted by mail, email in PDF format, portal, EDI or another channel. The finance law requires that invoices exchanged between VAT taxpayers must be transmitted in a structured data format (UBL, UNCEFACT CII) or hybrid format (Factur-X): As of July 1, 2024 for all VAT taxable entities receiving invoices As of July 1, 2024 for large companies issuing invoices As of January 1, 2025 this applies to medium-sized businesses issuing invoices As of January 1, 2026 this applies to all micro and small businesses issuing invoices The PDP, which will be approved by the government, will send and receive electronic invoices between entities while simultaneously transmitting the required invoicing data to the Public Portal (PPF), and electronically reports all necessary transaction data. “The widespread implementation of electronic invoicing over the next three years is a major challenge for the four million companies in France. As a major player in the electronic document management market for small and medium-sized businesses, we look forward to our continued partnership with Esker, in which we join forces and expertise to offer businesses straightforward and efficient invoicing process automation, The government’s timetable calls for a long and gradual transition, and we know that for many companies, compliance can be a source of anxiety because it brings about profound changes. By offering flexible and adapted solutions, we want to help them anticipate the implementation of new management methods that are connected and automated, so that they are able to meet regulatory deadlines with confidence.” -Nicolas de Beco, Chief Strategy and Product Officer for Intelligent Document Automation at Quadient. As members of the National e-Invoice Forum and active participants in workshops organized by the General Administration of Public Finances (DGFiP) and the Agency for Financial Information Technology of the State (AIFE), Esker and Quadient are currently in the process of preparing for the registration process beginning in September 2023, with governmental accreditation expected in accordance to the officially defined timeframes. In addition to being in compliance with regulatory guidelines, businesses will also be able to take advantage of complementary services, such as centralized management of all workflows, business process automation, complete visibility over and tracking of communications, invoice archiving, processing of associated documents, payment reconciliation and reporting capabilities. These services are facilitated by easy interconnectability with other business solutions and interoperability with other platforms, which enables them to simplify and optimize management processes, accelerate their digital transformation and improve their cash management. “Esker is proud to support Quadient in this project. As long-standing partners, our two companies have demonstrated their ability to work together to deliver innovative solutions that benefit thousands of businesses in France today, We are committed to helping our customers today and in the future in turning these regulatory developments into opportunity for growth and acceleration of the digital transformation.” -Emmanuel Olivier, COO at Esker. About Esker: Esker is a global cloud platform built to unlock strategic value for finance and customer service professionals, and strengthen collaboration between companies by automating the cash conversion cycle. Esker’s solutions incorporate technologies like Artificial Intelligence (AI) to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. About Quadient: Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on three key solution areas, Intelligent Communication Automation, Parcel Locker Solutions and Mail-Related Solutions, Quadient helps simplify the connection between people and what matters. Quadient supports hundreds of thousands of customers worldwide in their quest to create relevant, personalized connections and achieve customer experience excellence. Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the SBF 120®, CAC® Mid 60 and EnterNext® Tech 40 indices.

Read More

CYBERSECURITY

U.K. Firms Adapting Security Strategies for Cloud, Resilience

ISG | September 06, 2022

Enterprise security leaders in the U.K. are focused on cloud security, building up resilience against threats and aligning cybersecurity strategies with overall business goals, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the U.K. finds these objectives are the top priorities for chief information security officers (CISOs) in U.K. organizations. The growing use of cloud models such as infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) is forcing companies to adapt their cybersecurity approaches, with a focus on holistic resilience that requires more communication and training for employees and outside stakeholders, the report says. “British enterprises are aligning cybersecurity with IT trends and the changing threat landscape, Cloud migration has many benefits but can create new security challenges. To guard against those threats, fundamental technical and organizational measures are needed.” -Roger Albrecht, co-lead, ISG Cybersecurity. The U.K. government has recognized the importance of cybersecurity and is making major investments to protect British enterprises and foster a growing cybersecurity industry, ISG says. According to a 2022 study by the U.K. National Cyber Security Centre, 39 percent of businesses in the U.K. had experienced a cybersecurity breach in the past 12 months, and for large and midsize companies, the average cost of a breach is £19,400. The government’s cybersecurity strategy is now kicking off its fourth year with an emphasis on boosting the U.K. digital economy, which includes about 1,400 cybersecurity businesses, ISG says. As enterprises in the U.K. face increasing IT complexity, the establishment of permanent hybrid work and the need for more agility, many are considering the zero-trust (ZT) security model, ISG says. This approach, which requires verification of any device on any network to access enterprise resources, can reduce security cost and risk exposure through uniform security across an organization. “Zero-trust is a major change that affects many aspects of enterprise security, Experienced service and solution providers can help companies implement and operate a ZT environment.” -Jan Erik Aase, partner and global leader, ISG Provider Lens Research. The report also explores other cybersecurity trends in the U.K., including high demand for technical and strategic security services, a shortage of skilled workers and concerns over increasingly tight data protection laws. The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the U.K. evaluates the capabilities of 95 providers across seven quadrants: Identity and Access Management (IAM), Data Leakage/Loss Prevention (DLP) and Data Security, Advanced Endpoint Threat Protection, Detection and Response (Advanced ETPDR), Technical Security Services, Strategic Security Services, Managed Security Services – Large Accounts and Managed Security Services – Midmarket. The report names IBM as a Leader in five quadrants. It names Accenture, Atos, Broadcom, Capgemini, Deloitte, HCL and Wipro as Leaders in three quadrants each. Microsoft, Orange Cyberdefense and TCS are named as Leaders in two quadrants each. BT, Check Point, Claranet, CrowdStrike, Darktrace, DXC Technology, EY, Forcepoint, HelpSystems, Herjavec Group, Netskope, NTT, Okta, PwC, RSA, Sophos, Tech Mahindra, Trellix, Trend Micro and VMware Carbon Black are named as Leaders in one quadrant each. About ISG Provider Lens™ Research: The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG: ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

Read More

EMERGING TECHNOLOGY

Qtrac and Strategic Communications Partner to Improve Customer, Employee Experiences in Government Offices

Strategic Communications | September 16, 2022

Qtrac® by Lavi Industries, a world-leading provider of virtual queue management and appointment scheduling systems, today announced it is partnering with Strategic Communications, a certified woman-owned business enterprise (WBE) and reseller to U.S. government agencies, to provide best-in-class queue solutions for local, state and federal government offices. "Qtrac identified Strategic Communications as a partner who had broad industry experience in IT, audio visual and cloud services deployments, and shared Qtrac's passion to innovate with a purpose by delivering the highest value in business solutions, Both Qtrac and Strategic Communications share a commitment to provide the very best products and excellent customer service to their clients, We look forward to expanding Qtrac's virtual queue platform to additional departments and services in Florida and across the country because of our partnership with Strategic Communications." -Steve Covate, VP of Sales at Qtrac. Since its founding, Qtrac has continually invested in its products and staff to deliver an ever-evolving solution and unsurpassed support to appeal to a broad and changing market. The partnership enables Qtrac to leverage Strategic Communications' extensive experience and knowledge in order to increase market share and build product awareness in the government, education, healthcare, and enterprise sectors. "Strategic Communications sought a partnership with Qtrac to support a variety of government agencies with a best-in-class queuing and appointment platform that can be configured to benefit a wide range of government agencies and manage the complexity within them." -Blake Kelly, cloud sales manager at Strategic Communications. The partnership is already helping residents in Florida who need WIC (women, infants, and children) assistance. Qtrac's queue management solutions are being deployed by the Florida Department of Revenue to give them the ability to schedule their appointments for a time most convenient for them. Because of information gathered from citizens at the time appointments are made, workers will be prepared to deliver necessary products and services, increasing staff efficiency and reducing the amount of time recipients spend collecting needed supplies. ABOUT QTRAC: Qtrac® provides virtual queue management systems to companies of all sizes and across many different industries around the world. Its virtual queuing technology enhances the customer experience by focusing on the way people interact with businesses in order to eliminate lines, increase sales and improve service. Qtrac was founded by Lavi Industries, the premier provider of public guidance and crowd control solutions. Building on Lavi's 40+ years of experience and success in helping the world's leading companies effectively guide people in, through and out of their facilities, Qtrac helps organizations improve their operations by improving the customer journey.

Read More