Tag: Disruption

Auto dealers face a business disruption as EVs are poised to gain market share

A Chevrolet Bolt, the company's electric vehicle, is fitted with a battery at a GM assembly plant in Michigan. Automakers are preparing for a sea change in consumer acceptance of EVs. <span class="copyright">(Duane Burleson / Associated Press)</span>
A Chevrolet Bolt, the company’s electric vehicle, is fitted with a battery at a GM assembly plant in Michigan. Automakers are preparing for a sea change in consumer acceptance of EVs. (Duane Burleson / Associated Press)

It was Friday morning, and eight members of the sales staff at Felix Chevrolet were gathered around the table for a weekly seminar led by Darryl Holter, the boss of the venerable downtown Los Angeles dealership.

This may be one of the more unusual educational efforts in Southern California. The students get weekly reading assignments, on which they’re quizzed, just as in regular schools. But the topic is unusual: how to sell customers on electric cars.

The working-class Latinos who make up Felix’s core market haven’t been early adopters of novel products such as EVs. The obstacles include the perception that EVs as more expensive than conventional cars — that’s true, before government and

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Visa, Mastercard working with affected Wirecard clients in Singapore to limit disruption to transactions

SINGAPORE: Consumers trying to use their credit cards may encounter difficulties after Wirecard ceased services in Singapore, prompting local businesses to look for other payments providers.

The Monetary Authority of Singapore (MAS) had earlier this week directed the troubled German firm to stop payment services here and to return all customers’ funds by Oct 14.

Wirecard’s primary business activities in Singapore are to process payments for merchants and help companies issue pre-paid cards.

READ: MAS directs Wirecard to cease payment services in Singapore, return customers’ funds

Visa said it suspended payment authorisations for Wirecard on Oct 1, following the direction by MAS.

“This means there may be some disruption for Visa cardholders when transacting at a number of merchants that use Wirecard services in Singapore,” said a Visa spokesperson on Friday (Oct 2).

“Visa is working closely with partners and clients who are affected by the

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The Disruption Of The Consulting Industry Is Here

CEO and Managing Partner at Infosys Consulting, a leading business and technology consultancy.

With the world of work having experienced massive disruption over the past several months, a return to normalcy has slowly begun. However, in my view, the new normal ahead is yet to be fully defined, but it’s destined to look much different as companies and employees navigate unchartered territory. This unknown working model also includes us as consultancies and advisors — those who have been challenged as an industry to keep work going virtually without the in-person environment we have anchored much of our existence to.

The consulting space has long been an industry with a heavy reliance on large in-person teams traveling to client locations every week. It’s also been critical for us for networking with client stakeholders and building strong personal relationships. On any given Monday morning, you can bet every third seat

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