Fortune January 2020

FORTUNE covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. FORTUNE is particularly well known for its exceptionally reliable annual rankings of companies. FORTUNE furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success. Fortune currently publishes 3 double issues. Each count as two of 12 issues in an annual subscription.

United States
Meredith Operations Corporation
9 €(TVA Incluse)
27 €(TVA Incluse)
6 Numéros

dans ce numéro

3 min
pandora’s boxes

CHANCES ARE THAT VIRTUALLY ALL OF YOU received a box, or several, at your doorstep this holiday season. And there’s a very good chance that it was put there by a cheerful, brown-clad driver for UPS, which dispatches nearly 21 million such packages to an untold number of doorsteps each day. In which case, it almost certainly passed through a sorting facility like the one in western Atlanta that UPS opened in October 2018—one of six new complexes the company has built across the U.S. Here, at the Southeast Metro Automated Routing Terminal (a name no doubt designed with acronym in mind), boxes zoom through a spaghetti tangle of conveyor belts at 600 feet per minute, not slowing for a second as they’re photographed on all six sides—traversing from a drop-off…

3 min
the great big billionaire backlash

AMERICANS DON’T HATE WEALTH. They hate injustice. Those facts are worth remembering as we enter this election year and try to understand America’s schizoid attitude toward billionaires, three of whom are running for President. It’s an attitude worth understanding because billionaires are certain to symbolize crucial issues for the next President, whoever he or she may be. It’s a bizarre political moment. Two of the top three Democratic candidates in national polling, Bernie Sanders and Elizabeth Warren, routinely vilify billionaires as more or less the root of all evil. Sanders has said, “I don’t think that billionaires should exist.” The top-polling Democrat, Joe Biden, sends a more subtle message: “I don’t begrudge anybody making a million or hundreds of millions of dollars,” he said in February, leaving unspoken that 10 figures…

1 min
analytics: seeing trends in the data

U.S. TARIFFS NEAR GLOBAL, HISTORIC LOWS WHETHER THE CALM in trade hostilities between the U.S. and Beijing will hold or not, the current tariffs imposed by the Trump administration on Chinese goods are already being felt by businesses and soon, by consumers. But while China is the United States’ single biggest trading partner, neighbors Canada and Mexico are a close second and third, and they combine for more than $1.1 trillion in annual trade. With NAFTA replacement USMCA enjoying bipartisan support, aggregate tariffs look certain to remain around historic lows. CO2 EMISSIONS: A STARK WARNING THE PLANET is in peril, and the world’s largest economies need to take drastic action to save it. That’s the message of a recent UN climate report, which showed that greenhouse gases continue to rise at dangerous levels.…

2 min
ceos feel climate pressure at home

WHEN THE CONCEPT of “flying shame”—embarrassment over flying owing to its carbon footprint—began to catch on, the CEO of Air France wasn’t new to the idea. Anne Rigail had already faced pressure at home from her “three activists”: her two children and her husband. “It’s very good, because I was not at all surprised by this whole thing about ‘flight shaming,’” she says. “I think it’s our biggest challenge.” Call it the Greta Thunberg phenomenon: When it comes to taking action on climate change, kids—in particular—may well be CEOs’ greatest critics. “I’m hearing it from many [executives],” says Christiana Figueres, founding partner of the NGO Global Optimism. “Because some of these kids are out in the streets, demonstrating—and some are demonstrating over the dinner table, asking their parents what they’re doing—what are they…

2 min
die another day

A GROWING NUMBER of bankrupt or failed retailers seem to be discovering an afterlife this year—with some beloved brands returning to the land of the living in notably snugger incarnations. Le Tote, which recently bought the struggling Lord & Taylor from HBC, opened a pop-up shop for the department store chain in New York City for the holidays, its first Manhattan presence since the store closed in early 2019. Kids’ apparel brand Gymboree, which filed for bankruptcy in early 2019 for the second time in two years, will live on in the form of shops within 200 Children’s Place stores. And Barneys New York, once it is done liquidating its stores, will have a presence at a number of Saks Fifth Avenue stores, including the fifth floor of the chain’s Manhattan…

2 min
tesla’s $100 deposit keeps shorts at bay

THE NOVEMBER unveiling of Tesla’s Cybertruck was met with raised eyebrows, and not all were about its bizarro postapocalyptic design. Tesla revealed impressively low pricing—the Cybertruck will start at $39,900—but a stunt intended to demonstrate the truck’s toughness ended with two “bulletproof” windows shattered. All in all, hopes were dashed that Tesla could move aggressively into the wildly lucrative (and currently gas-guzzling) American truck market with such a radical design. Credit Suisse analysts said legacy truckmakers could “breathe a sigh of relief.” Tesla’s stock fell more than 6% after the unveiling. But in the following days, CEO Elon Musk announced “orders” for the Cybertruck had reached 250,000. Impressive, non? Well, that depends on how you define an “order.” Musk was actually citing fully refundable $100 deposits, or 0.25% of the cost of even…