Digital marketplaces are rewriting industry rulebooks, building new B2B relationships and modernizing historical processes. This is paradoxically most true, and most impactful, in those industries most resistant to change. So says Royce Neubauer, founder and CEO of Auto Hauler Exchange, whose company’s online marketplace platform...
Earnings season has taught us that the death of consumer spending has been greatly exaggerated. Much depends on where you look, of course. December’s latest macro data shows that consumers pulled back during the holiday shopping season, and the month showed a 0.2% drop in...
This year, the rubber meets the road for connected cars. A slew of partnerships and announcements in just the first few weeks of 2023 show that all parts of the ecosystem — the payments firms, the software providers, the dealers and of course the automakers...
Despite concerns over consumer spending, PYMNTS’ ConnectedEconomy “CE 100” Stock Index gained ground this past week, as it extended its recent run with another 1% weekly advance. And thus far, year to date, the Index is up 10%, boosted a bit this time around by...
The German government wants to introduce paid leave for employees to undergo training. In comments widely reported in the German media, Labor Minister Hubertus Heil said that an upcoming bill will introduce the concept of paid educational leave for up to a year, building on...
Impel has raised $104 million to grow its digital engagement software for automotive manufacturers, dealers and third-party marketplaces. The company will use the new capital to develop new products and pursue mergers and acquisitions (M&A) to meet the auto industry’s demand for automation and digital technology...
Cross-channel purchasing options may be a key loyalty approach for grocers seeking to capture this bridge generation. Why Is This Important? Capturing this demographic just as they’re gaining financial independence could be key for grocers and other retailers seeking to increase customer loyalty. Zillennials represent...
With the emergence of in-vehicle ordering, restaurants have the opportunity to drive large-scale B2B sales. In an interview with PYMNTS, Karl Goodhew, chief technology officer at fast-casual dining brand BurgerFi, discussed the potential of the technology, which the restaurant unveiled earlier this month in partnership...
Macro level data suggests inflation is cooling, and bank earnings suggest consumer spending is resilient. In tandem with the investor sentiment that interest rate hikes may be slowing or the Fed might pause altogether, the CE 100 Index surged 6.3%. That positive performance outpaced the...
