Millions lost in ticket sales, pessimistic Japanese Millennials and ageist lawsuits in Silicon Valley all feature in this week’s round up of procurement and supply chain stories…
The amount Kanye West stands to lose in ticket sales after cancelling the remaining 21 dates of his Saint Pablo tour. The hip hop star was admitted to UCLA medical centre last weekend after what a spokesman called a “psychiatric incident”. Reports suggest that loss may be covered by his medical insurance. Fans at his last concert on the tour were refunded by Ticketmaster after he turned up 90 minutes late, ranted about Beyonce, Jay Z, Hillary Clinton and Facebook for 10 minutes and performed for 15 minutes before leaving the stage.
Containers on the first freight train to leave China’s northern coastal city of Tianjin for Minsk in Belarus. The train, which departed on 21 November and is expected to reach the Belarusian capital on 4 December, is expected to operate 20 times a year and could carry 30,000 tonnes of goods annually.
The percentage of Japanese Millennials who believe they will have to work till they die, according to a poll by the Manpower Group. The survey suggests that Japanese Millennials are the most pessimistic in the world, even more downbeat than their counterparts in Greece, only 15% of whom felt they would have no retirement.
The average time customers now hold onto their smartphones. Research shows that buyers are less inclined to race to buy the latest upgraded models and that the market for used phones is expanding exponentially: by 2020, IDC predicts, 220m used units will be sold and this market will be worth $30bn.
The price paid for the first nearly complete dodo skeleton to be put up for sale in nearly 100 years. The 95% complete skeleton had been painstakingly constructed by a man who had been buying up bones since the 1970s. The dodo was sold by Summers Place Auctions in Billinghurst, West Sussex, to a private collector.
The number of age-discrimination lawsuits filed against companies in Silicon Valley since 2012, according to statistics compiled by the California Department of Fair Employment and Housing. Hewlett Packard is the IT giant likely to spend the most time in court, as it faces 29 suits, with Cisco named as a defendant in 11 and Apple in nine. Analysts say that a massive corporate consolidation has led to thousands of redundancies, with older employees feeling especially vulnerable.
The fall in sales in comparable Barnes & Noble’s stores in its fiscal second quarter. The American bookseller blamed a ”bitter election” campaign for keeping customers away but says it hopes to win them back with new concept stores – it has recently opened one in Eastchester, New York which contains a full-service restaurant.