
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
September 20, 2023: On Tuesday, Amazon added RFID capability to ‘Just Walk Out’ to enable cashierless shopping for clothing. In this system, each item in a store is equipped with an RFID tag.
Customers can select items and exit the store, and the RFID tags are detected by readers, automatically charging the customer’s credit card on file.
This technology, developed in collaboration with Avery Dennison, a materials science and digital identification company, offers a new approach to frictionless shopping.
Since its launch in 2018, Amazon has deployed Walk Out across many store formats, including its Fresh supermarkets and some Whole Foods locations.
It also sells the technology to third-party retailers in airports, stadiums, and theme parks, among other venues.
While Amazon’s Just Walk Out technology was initially used primarily in grocery and convenience stores, this expansion into clothing stores represents a significant step forward. Amazon has been testing this new system with RFID technology in locations such as Climate Pledge Arena in Seattle and the Seattle Seahawks’ Lumen Field, signaling its potential for broader adoption in various retail settings.
There are over 70 Amazon-owned stores and more than 85 third-party retailers with Walk Out technology located across the U.S., U.K., and Australia, including travel retailers at airports, sports stadiums, entertainment venues, theme parks, convenience stores, and college campuses.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
April 24, 2025: Silicon Valley is experiencing a sharp recalibration in artificial intelligence investment, with signs of AI fatigue emerging across venture capital
April 23, 2025: The Canadian government has introduced new legislation to regulate the use of artificial intelligence in education and healthcare, focusing on accountability,
April 17, 2025: Prime Minister Justin Trudeau s government is under growing political pressure over its current immigration strategy.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you