Shipping industry pushed harder amid pandemic, holiday season
Package delivery booming amid holidays, pandemic
With the pandemic pushing online shopping to historic highs, it s created a surge in package deliveries like never before.
(FOX 9) - While package delivery is booming amid the holiday season and the pandemic, shipping volumes are growing and the demand is only expected to increase, as well.
Professor George John of the University of Minnesota’s Carlson School of Management said the pandemic economy has been an interesting mixed bag. We live in a very strange time. You would expect consumer spending to have crumbled, but it hasn’t, he said.
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When Parag Waknis lived in the United States, he would give friends and colleagues the same gift every year: a voucher. Often derided for their lack of originality and thoughtfulness, these much-maligned rectangles of plastic are some economists’ perfect gift: something that technically fulfills the criteria of a present while also giving the recipient the freedom to choose their own gift. “I was completely convinced that cash was the way to go,” Waknis says.
After moving to India in 2018 to become an associate professor of economics at Ambedkar University Delhi, Waknis found himself under pressure to give gifts that show how well he knows the recipient. His carefree days of doling out gift cards no matter the occasion are increasingly a thing of the past. Yet Waknis can’t shake the thought that there is a glaring economic flaw with gift giving. Sometimes, recipients just don’t like what they get.
Hogan: Emergency order requires limiting travel to essential purposes only times-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from times-news.com Daily Mail and Mail on Sunday newspapers.
Getty Images / WIRED
When Parag Waknis lived in the United States, he would give friends and colleagues the same gift every year: a voucher. Often derided for their lack of originality and thoughtfulness, these much-maligned rectangles of plastic are some economists’ perfect gift: something that technically fulfills the criteria of a present while also giving the recipient the freedom to choose their own gift. “I was completely convinced that cash was the way to go,” Waknis says.
After moving to India in 2018 to become an associate professor of economics at Ambedkar University Delhi, Waknis found himself under pressure to give gifts that show how well he knows the recipient. His carefree days of doling out gift cards no matter the occasion are increasingly a thing of the past. Yet Waknis can’t shake the thought that there is a glaring economic flaw with gift giving. Sometimes, recipients just don’t like what they get.
Three Minnesota public companies choose internal candidates to take the leadership reins from veteran CEOs.
Chris Killingstad, who led Tennant Co. to $1.14 billion in sales in 2019, will leave his president and CEO role in March.
Killingstad, who served in the top job for 15 years, will be succeeded by Dave Huml, the company’s chief operating officer. Tennant, founded in 1870, is well-known for manufacturing blue-and-gray cleaning machines that are used in countless school and business locations.
Killingstad is the third chief executive in the past two months to announce a departure from a major public company based in the Twin Cities. Doug Baker will leave his CEO role at Ecolab on Jan. 1, and Vicki Holt will end her tenure as president and CEO of Protolabs on March 1.