Alibaba Group Holding has been fined $2.8 billion by China's State Administration for Market Regulation, which said the company punished merchants that sold products on its e-commerce site and those of its rivals. The government is also requiring Alibaba to overhaul its operations and provide a "self-examination compliance report," and the company says it will "operate in accordance with the law with utmost diligence."
The majority of supply chain executives and managers surveyed by GlobalTranz and Edelman say they believe that the economy will recover strongly and that their businesses are well-positioned to fulfill demand this year. Almost 80% of respondents are prioritizing adding warehouse space and locations, while over 75% are focusing on re-shoring or near-shoring supply chains.
Lotus and Toyota are experimenting with using wind energy to power cars. The Lotus Nemesis has a powertrain that can use electricity generated by wind turbines, while the Toyota Mirai has a hydrogen fuel cell that can be powered with wind.
Amazon is planning to move its annual Prime Day shopping event to June after holding it in October last year because of the pandemic, according to sources, though a company spokesperson declined to comment on the date. Prime Day had been held in July since its beginning in 2015.
A coalition including former secretaries of transportation and the Competitive Enterprise Institute penned a letter to Congress this week advocating a "users-pay/users-benefit" model of transportation infrastructure funding. "Further increasing the reliance of the Highway Trust Fund on revenue streams untethered from use, as well as general fund bailouts, would not only fail to address the core fiscal challenges of the present, it would threaten the future health of America's highways," the coalition wrote.
A 15-mile stretch of new express lanes on Interstate 15 between Corona and Eastvale, Calif., will open to the public tomorrow. The lanes require motorists to have a FasTrak transponder installed, and discounts will be available for vehicles with three or more people, motorcyclists and zero-emission vehicles.
Toll collectors on San Francisco Bay Area bridges will not be returning, and a new electronic toll collection system will be implemented, according to the Bay Area Toll Authority. FasTrak already accounts for almost 75% of bridge toll payments, and those without Fastrak or a license plate account will be invoiced monthly.
Minneapolis residents can now pay for public transit and parking using a contactless payment system that accepts Google Pay and Apple Pay as well as contactless debit and credit cards. The Flowbird terminals are solar powered and connect to a platform that collects and analyzes data on urban mobility.
Gap plans to introduce a system this year that is related to its Bright loyalty program and sorts customers into three delivery tiers based on their spending. Online sales for the company increased 54% in 2020 and accounted for 45% of all purchases.