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Top stories summarized by our editors
10/22/2020

Americans plan to spend an average of $997.79 on gifts, food and other items for the holidays this year, about $50 less than last year but higher than the five-year spending average, according to an NRF survey. People who plan to spend less on non-gift items for themselves and their family members account for most of the planned dip in spending, the survey found.

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CNBC
10/22/2020

With an eye toward continuing to push the boundaries of plant-based food alternatives, Impossible Foods said it will double the size of its research and development team within the next year. The company plans to dedicate a large chunk of the $700 million it raised this year to the effort, which will result in 50 positions for scientists, engineers and others involved in R&D work.

10/22/2020

Hive, a new online marketplace, will focus on selling curated, value-driven grocery brands that feature low-impact ingredients and share its dedication to sustainability. The site uses the "Hive Five" standards, which include environmentally friendly packaging and low carbon footprints, to select products and save shoppers money and time they may have spent vetting and researching purchases.

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Progressive Grocer
10/22/2020

Garmin's Instinct Esports Edition is a smartwatch that allows gamers to sync their biometric data with their livestreams. The heart rate and stress data, which can be displayed onscreen and can trigger sounds and images, could provide useful performance feedback, Garmin says.

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Digital Trends
10/22/2020

E-commerce sales for B2B distributors will increase by 10% in 2020 compared with 22% last year, according to the 2020 Distributor 300 report. Total distributor sales are expected to come in at $5.58 trillion, down 5% from 2019.

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Digital Commerce 360
10/22/2020

Indian River Consulting Group's Pandemic Revenue Index of 13 distributors was up 2.6% for the week of Oct. 12-16. Seven companies reported a year-over-year sales increase.

10/22/2020

Tesla reported a profit for the fifth consecutive quarter on Wednesday even as it spent 33% more on operating expenses compared with a year earlier. This week, some Tesla customers received a beta version of the company's autonomous driving software.

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CNBC, The Verge
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Tesla
10/22/2020

The ransomware on Indiana-based auto supplier KYB is one example of why it's important for manufacturers to train employees of the risks from email phishing and unpatched vulnerabilities, says Tenable staff research engineer Satnam Narang.

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IndustryWeek
10/22/2020

Carpet tile manufacturer Interface has introduced a new line of tiles that are carbon-negative with the use of recycled yarn, carbon-storing biomaterials and an updated manufacturing process. The company is also acquiring carbon offsets to account for post-manufacturing activities.

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Fast Company online
10/22/2020

Covid-19 Essentials opened its first store in June and has since grown to eight mall-based locations that sell a wide range of stylish and functional face masks. US mask sales are predicted to hit between $1 billion and $9 billion by next year based on estimates that call for half the population to be wearing them.

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CNN