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Amazon is bracing for its biggest Prime Day ever. Sean Gallup/Getty Images
- Amazon’s 48-hour Prime Day event started early Tuesday morning.
- Moody’s analyst Charlie O’Shea told Business Insider that Prime Day will serve as a litmus test to see if Amazon is able to keep up with its exponential growth.
- The sales event will trigger a surge in orders that will weigh on Amazon’s delivery network, with Moody’s estimating that the company’s fourth-quarter shipping expenses could reach nearly $20 billion.
- “They’re doing the best they can,” O’Shea said. “It’s almost like trying to plug a dam with your finger.”
- Visit Business Insider’s homepage for more stories.
Amazon just kicked off what Moody’s says will likely be the biggest — and most challenging — Prime Day of all time.
The e-commerce giant’s 48-hour Prime Day began early on Tuesday morning. The annual sales event
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An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.
In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.
“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.
It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as
“Zombie fires” and burning of fire-resistant vegetation are new features driving Arctic fires — with strong consequences for the global climate — warn international fire scientists in a commentary published in Nature Geoscience.
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The 2020 Arctic wildfire season began two months early and was unprecedented in scope.
“It’s not just the amount of burned area that is alarming,” said Dr. Merritt Turetsky, a coauthor of the study who is a fire and permafrost ecologist at the University of Colorado Boulder. “There are other trends we noticed in the satellite data that tell us how the Arctic fire regime is changing and what this spells for our climate future.”
The scientists contend that input and expertise of Indigenous and other local and communities is essential to understanding and managing this global issue.
The commentary identifies two new features of recent Arctic fires. The first is the prevalence of holdover fires, also