Latest news with #businessdisruption
CBS News
29-05-2025
- Business
- CBS News
Devoted Market Basket shoppers wonder what's next after CEO Arthur T. Demoulas is suspended
Market Basket shoppers at the location in Waltham, Massachusetts said they hope the company's CEO Arthur T. Demoulas and the board of directors get things settled so the New England institution will be around for years to come. "I think last time around, it was an inside job but this time around, it's an outside job and I hope they stop it because I love this store," said shopper Doris Wald. Market Basket CEO suspended The company's board suspended Demoulas on Wednesday. The board said it is investigating "credible allegations that Mr. Demoulas began to plan a disruption of the business and operations of Market Basket with a work stoppage." Demoulas said two of his children and several other executives were also placed on leave and he called the decision "a hostile takeover." The company said this will not have an affect on customers or employees. A spokesperson for Demoulas said he is a minority owner and owns 28% of the company. The spokesperson said he was ousted from his position as president and CEO by his three sisters and their three appointed board members. Market Basket Board Chair Jay Hachigian said Demoulas' sisters are not members of the board. "Mr. Demoulas has acted for years as if he owns the entire company and can make every decision, big and small, without discussion or accountability to anyone. He has essentially hijacked this company for himself, and when the board put its foot down, he started to make plans to boycott and harm the company. It's simple: he wants it his way or no way. And that's not the way a CEO and minority owner like Arthur can be allowed to continue to conduct himself," said Hachigian in a statement. "It's a family quarrel, so they'll settle it," said shopper Ottavino Forte. "Market Basket will go on and expand even more." CEO forced out in 2014 In 2014, Arthur T. Demoulas was forced out when the Market Basket board was controlled by his cousin, Arthur S. Demoulas. The move caused a customer boycott and the non-union employees to essentially go on strike. Weeks later, a deal was reached to sell the Market Basket chain to Arthur T. Demoulas for nearly $1.6 billion. "It sounded like a lot of people supported the CEO," said shopper Tyler Walsh. Online, shoppers on social media were mixed, with some saying they'd boycott again and others saying this between Demoulas and his family. Shoppers in Waltham were ambivalent about boycotting again, more than 10 years later as another dispute had started. "It took about six weeks or more for them to settle it," said Forte. "I don't want that because then they close the store," said Wald.
Yahoo
24-05-2025
- Business
- Yahoo
NYC laundromat with ‘affluent clientele' drags pizza joint next door to court over odor
A Chelsea laundromat claims its stinky neighbor is costing it plenty of dough. Laundry Project 23 on West 23rd Street handles 'a large volume of high-end clothing items belonging to affluent clientele' and rakes in $100,000 a month, but says the recent opening of Pizza Studio has upended its business. Since the pizza shop 'began testing and operating their pizza oven, the odors and fumes have been entering our laundromat premises, contaminating the air and clinging to customers' clothing,' owner Dong Hong Choi said in a Manhattan Supreme Court lawsuit. 'Clothes hanging on the rack and bags of cleaned clothes quickly absorb odors when exposed to the smell,' the company claimed. The business said it suffered 'contamination of customer property, disruption of its business operations, loss of customer trust, reputational harm, and exposure to significant financial liability due to potential customer claims.' The situation has gotten so crusty the laundromat is demanding their next door neighbor shut down. They want a judge to bar Pizza Studio 'from operating its pizza oven and conducting any cookingoperations that emit odors into Plaintiff's premises,' Laundry Project 23 said in court papers. Choi previously demanded a sitdown with Pizza Studio and the landlord as soon as he 'was informed that a duct for their pizza oven would pass through the ceiling area shared with our laundromat,' he said in court papers. The Pizza Studio allegedly agreed to take responsibility for any issues — then allegedly failed to ensure the ductwork it created for its shop was fully sealed, allowing odors to 'infiltrate' the laundromat. And there's been a domino effect — the pizza place also leaves its front door open when cooking, making odors even worse, Laundry Project 23 claimed. The odiferous situation is 'unreasonable under the circumstances, especially considering that simple, reasonable steps – such as properly sealing ductwork, installing odor mitigation systems, and closing the doors during pizza oven operation – could have prevented the harm substantially,' the laundromat insisted in legal papers. Pizza Studio did not immediately respond to a message seeking comment.
Al Bawaba
15-05-2025
- Business
- Al Bawaba
Gartner Identifies the Top Trends Shaping the Future of Cloud
Gartner, Inc. has announced the top trends shaping the future of cloud adoption over the next four years. These include cloud dissatisfaction, AI/machine learning (ML), multicloud, sustainability, digital sovereignty and industry solutions. Joe Rogus, Director, Advisory at Gartner, said, 'These trends are accelerating the shift in how cloud is transforming from a technology enabler to a business disruptor and necessity for most organizations. Over the next few years, cloud will continue to unlock new business models, competitive advantages and ways of achieving business missions.' According to Gartner, the following six trends will shape the future of cloud, ultimately resulting in new ways of working that are digital in nature and transformative in impact (see Figure 1): Figure 1: Trends Shaping the Future of Cloud Source: Gartner (May 2025) Trend 1: Cloud Dissatisfaction Cloud adoption continues to grow, but not all implementations succeed. Gartner predicts 25% of organizations will have experienced significant dissatisfaction with their cloud adoption by 2028, due to unrealistic expectations, suboptimal implementation and/or uncontrolled costs. To remain competitive, enterprises need a clear cloud strategy and effective execution. Gartner research indicates that those that have successfully addressed upfront strategic focus by 2029 will find their cloud dissatisfaction will decrease. Trend 2: AI/ML Demand Increases Demand for AI/ML is set to surge, with hyperscalers positioned at the core of this growth. They will drive a shift in how compute resources are allocated by embedding foundational capabilities into their IT infrastructure, facilitating partnerships with vendors and users, and leveraging real and synthetic data to train AI models. Gartner predicts 50% of cloud compute resources will be devoted to AI workloads by 2029, up from less than 10% today. 'This all points to a fivefold increase in AI-related cloud workloads by 2029,' said Rogus 'Now is the time for organizations to assess whether their data centers and cloud strategies are ready to handle this surge in AI & ML demand. In many cases, they might need to bring AI to where the data is to support this growth.' Trend 3: Multicloud and Cross Cloud Many organizations that have adopted multicloud architecture find connecting to and between providers a challenge. This lack of interoperability between environments can slow cloud adoption, with Gartner predicting more than 50% of organizations will not get the expected results from their multicloud implementations by 2029. Gartner recommends identifying specific use cases and planning for distributed apps and data in the organization that could benefit from a cross-cloud deployment model. This enables workloads to operate collaboratively across different cloud platforms, as well as different on-premises and colocation facilities. Trend 4: Industry Solutions There is an upward trend toward industry-specific cloud platforms, with more vendors offering solutions that address vertical business outcomes and help scale digital initiatives. Over 50% of organizations will use industry cloud platforms to accelerate their business initiatives by 2029, according to Gartner. Gartner recommends organizations approach industry cloud platforms as a strategic way to add new capabilities to their broader IT portfolio, rather than a total replacement. This allows organizations to avoid technical debt, drive innovation and business value. Trend 5: Digital Sovereignty AI adoption, tightening privacy regulations and geopolitical tensions are driving demand for sovereign cloud services. Organizations will be increasingly required to protect data, infrastructure and critical workloads from control by external jurisdictions and foreign government access. Gartner predicts over 50% of multinational organizations will have digital sovereign strategies by 2029, up from less than 10% today. 'As organizations proactively align their cloud strategies to address digital sovereignty requirements, there are already a wide range of offerings that will support them,' said Rogus. 'However, it's important they understand exactly what their requirements are, so they can select the right mix of solutions to safeguard their data and operational integrity.' Trend 6: Sustainability Cloud providers and users are increasingly sharing responsibility for sustainable IT infrastructure. This is being driven by regulators, investors and public demand for greater alignment between technology investments and environmental goals. As AI workloads demand more energy, organizations are also under pressure to better understand, measure and manage the sustainability implications of emerging cloud technologies. Gartner research shows the percentage of global organizations prioritizing sustainability as part of procurement will rise to over 50% by 2029. To deliver greater value from cloud investments, organizations must look beyond environmental impact alone and align their sustainability strategies with key business outcomes. Gartner clients can read more in The Future of Cloud in 2029: The Journey From Technology to Business Necessity and Predicts 2025: Challenges Shaping the Future of Cloud Adoption. Learn how to maximize the benefits of cloud computing in the complimentary Gartner ebook Devising an Effective Cloud Strategy.
