Hurry Up & Wait
First he hosts AVWeek, then a special about wellness and now it’s just ResiWeek? How is this the week of Matt? Regardless, we’re here to look at the latest in news from the residential side of the AV industry, and thankfully we don’t just have Matt. Joining us this week is Co-CEO of CEDIA Giles Sutton, Director of Residential Sales for SurgeX Jimmy Paschke and Executive Director of the Z-Wave Alliance Mitchell Klein.
Best Buy is reporting a 12% uptick in revenue for the fourth quarter of 2020. Part of this is due to the holiday season, while another factor is their minimizing of the retail footprint, which includes the layoff of 5,000 employees. Were these numbers in expectations, or is it something to be worried about? Looking at the effects of this on the company and our industry as a whole.
Speaking of impactful things, we could be seeing a chip shortage slowing the production of many solutions from laptops to automobiles. On a scale of manageable to catastrophic, how big is this story going to be? Discussing what this could mean not just for our industry, but many that rely on these kinds of technology and what if anything can be done.
Finally, the organizers behind Integrated Systems Europe has put forward a statement that while it is still slated to have a physical presence in Barcelona at the start of June, exhibitors can now cancel their booths and hotel accomdations without incurring penalties. It is crazy to think, but June is just three months away. Will Europe or any place be ready with vaccinations by the time ISE rolls around? Taking a look at the current situation and what might be happening in the coming months.
- CE Pro – Best Buy Q4 revenue up 12%
- Fortune – Chip shortage to be expected
- Commercial Integrator – ISE allow penalty-free cancellation for exhibitors