Online retailers, Amazon in particular, left physical retail stores in the dust this holiday season, the Wall Street Journal writes. Online sales increased nearly 11% from the previous holiday season, compared with just 2.7% growth at brick-and-mortar stores, according to data provided by First Data Corp.
Another Automaker Invests in the US
Fiat Chrysler announced this weekend it plans to build in the U.S. three new Jeeps and a Ram pickup now produced in Mexico, Bloomberg reports. The automaker will add 2,000 jobs at factories in Michigan and Ohio, investing a total of $1 billion in a move that received a warm reception from President-elect Donald Trump.
Gigafactory Begins Production
Although we reported last week that Tesla was facing difficulties delivering its vehicles on time, another new development may help the electric car maker beef up its supply chain. The company started producing batteries in its Nevada-based Gigafactory, which when fully built will be one of the biggest buildings in the entire world.
And finally, news from the technology market: the prescriptive analytics software market is estimated to grow from $1.16 billion in 2016 to $4.58 Billion by 2021, at a CAGR of 31.7%, according to a new report published by MarketsandMarkets. mergence of advanced technologies such as big data & IoT and rising popularity of real-time accessibility of data for efficient business applications are the key driving forces of the prescriptive analytics market, the firm said in a press release.