…in sugar industryThe “snake oil salesman” is an American trope describing those conmen who prey on the afflicted gullible by insisting their snake oil will cure everything. President Granger typifies the species in the political realm with his unctuous and ingratiating style, in which he never fails to have a plaster for every sore. Problem is, some desperate citizens, faced with the mountain of problems they face daily, listen to him and sometimes forget it was he who created the problems in the first place.Remember that promise to fix blackouts, which had been reduced to just an irritant by the PPP? That’s snake oil; since he created the Stygian darkness we’re in when he absolutely refused to have his PNC sign off on the 165MW Amaila Hydro — which would have had enough power to satisfy our TOTAL electricity needs — causing the developer, Sithe, to walk away.Remember his promise to reduce Presidential power and transfer some to his PM, Nagamootoo?? That’s snake oil WITH Larwah!! Stop corruption? Constitutional change? There’s been so much snake oil flowing from Granger’s mouth that Guyana is probably bereft of labarias by now!!Anyhow, let’s take his foray into Berbice – Albion Sugar Factory, to be precise – to sell his snake oil on the sugar industry. He chose his audience well, the management of the estate and factory, who’re ultimately employed by him!! Were they going to point out he was emanating more hot air than the nearby chimney – and even more polluted?!Donning a hard hat as his prop, he promised his captive audience, “I have come to fix things”!! Yes, he, David Granger, whose only experience with the sugar industry was when he provided scab labour to break GAWU’s strike for recognition in 1976, had come to “fix” sugar! Well, he’d already “fixed” it, hadn’t he?? Put it in a fix, that is!! He then went on to declare: “GuySuCo will not merely survive, it will thrive”!! Rivers of snake oil. It’s a good thing his audience had on “long boots”!!How exactly is he going to save sugar?? He’d rejected his expert CoI’s recommendation to stabilise all seven estates and bring them to a point of sale. But he now says that, after the $30 billion bond funds are invested, sugar production costs will be reduced to US.30 cents/kg! How is that a “fix” when the present world price for sugar is US .26 cents/kg and falling?!? But then, he’s never worked to produce anything to sell, and had his salary paid for by the state, plus his education at UG!!But even snake oil salesmen can’t fool all the people all the time, can they? Hence Granger’s desperate efforts to delay elections!…calling it quitsWell, Granger may just be looking at his future when he read that his old YSM pal Ivelaw Griffith has decided to withdraw his application to be re-appointed VC at UG!!Good riddance to a bad administrator!! Folks across the world were amazed when Papa Doc, and later his son Baby Doc, lived in a style that Marie Antoinette would’ve envied while millions of their citizens were forced to live like beasts in the forest.Well, in a nutshell, that’s what Griffith tried to emulate at UG. Imagine, our only tertiary institution – with the lowest paid academic staff in the region – couldn’t even provide toilet paper for students!! But yet he had a salary with benefits that rivalled the President of the country, and created his own “Cabinet” to bring home the point!! He and his Cabinet’s salaries, on a per capita basis, were DOUBLE those of the academic staff.But your Eyewitness is surprised the VC was reported as having “walked away”.Wasn’t that “flew away” – first class??…on Linden-Lethem HighwayRaphael Trotman is Minister of Natural Resources. So how come he’s announcing, “International firms express interest to build Linden-Lethem road”?? Where’s MPI Patterson? Adding up foreign deposits into his account?And what happened to the China BRI?? Snake oil!!
Do your physical stores have a system in place to collect accurate traffic data? Are you using that information and applying those insights to optimize your conversion rates? If you think this responsibility lies outside the realm of loss prevention, you may want to reconsider: many of the systems that now perform LP functions also have retail traffic counting capabilities.The huge jump in online shopping means that brick-and-mortar traffic is declining. Thus, the key is to convert those customers who do enter the store. But there’s a range of variables that impact conversion rates, and it can be challenging to know where to focus your attention.[text_ad use_post=’128086′]- Sponsor – Mark Ryski, trend analyst and contributing writer, delves into conversion optimization possibilities and challenges in the retail space in his feature article for the September-October 2017 issue of LP Magazine. From the issue:In physical stores, many variables impact conversion rates, including store layout, inventory levels, merchandising mix, promotional activity, and most importantly, the front-line associates and managers who run the store and serve customers. And herein lies the challenge with CRO for brick-and-mortar retailers—variability. This variability in physical stores not only makes consistently applying conversion improvement initiatives across stores a challenge but also makes measuring results more challenging.Furthermore, new in-store service features like “buy online, pick up in-store” (BOPIS) make calculating and interpreting conversion rates trickier. Think about it. When customers buy online and then pick up their orders in-store, store traffic increases, but conversion rates decrease since the sales transaction was already captured online and therefore not attributed to the traffic count captured when the customer visited the store to pick up his or her order.Check out the full article, “Conversion Rate Optimization,” to discover how A/B testing can be done in physical stores and what benefits can be gleaned from optimizing your retail traffic conversion rate.You can also read the other articles in the September—October 2017 issue of LP Magazine by going to the Table of Contents. Not yet subscribed? No problem – register here for free.This post was originally published in 2o17 and was updated November 15, 2017. Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox. Sign up now
Interactive IPTV platform Nangu.TV has launched a recommendation engine that it will demonstrate at this year’s ANGA COM. Nangu.TV’s recommendation engine is based on a combination of algorithms that calculate live data, giving up-to-date results based on viewer behaviour.The firm said the engine is designed to address the “global issue that viewers face when trying to navigate their way through vast quantities of television content,” and is part of its media platform offering, which provides added features to basic live TV.Users can navigate the recommendation engine by typing their selection into a search box and then choosing from a list of several choices. Behavioural history is then collected to create a user profile.“Having access to statistical data about user behaviour is key to providing customer satisfaction. An operator can pre-filter the most relevant content that’s likely to make an impact on the user. As all user data is collected anonymously it makes the user behaviour statistics universal yet rich as they reflect actual user preferences. All this leads to a happier customer and increased ARPU,” said Nangu.TV CTO Zdenek Gerlicky.Prague, Czech Republic-based Nangu launched the recommendation engine last week and will demonstrate the service at ANGA COM next month on level 10.1, booth 014.