Center officials admitted that there was a mistake after investing 180 million Brazilian riyals

A close delivery startup for Multiplan and BrMalls

Multiplan (MULT3(EA BrMalls)BRML3), two major shopping center officials, announced that they would cease operating activities at the Delivery Center, a delivery company installed inside malls. Delivery center partners have contributed nearly R$180 million to the company since its inception in 2016.

According to a market statement, Multiplan informed that the decision would not harm a digital innovation strategy that relies on data science applied to the experience of consumers and retailers, which continues to be developed through its Multi app. The Multi app was launched in 2019 – before the pandemic – with the aim of making the shopping experience more convenient.

On the other hand, BrMalls reported lack of continuity, although, initially, it was against the decision, noting that it could pursue a strategy of entering other markets.

In our view, the delivery center’s initial goal, which is to be an exclusive partner for product delivery, has failed. Compete with apps like Rappi, iFood and UberIt was too intensive to be worth the continued investment required. Therefore, we consider that the decision to recognize the error and stop the operation of the delivery company is the right one.

New technologies could inject $70 billion into the oil sector

The Federation of Industries of the State of Rio de Janeiro (Virgin) on Monday (22) promoted the event “5G network And the Brazilian Industry: Short and Medium Term Impacts”, which brought together large companies to discuss the key opportunities presented by technology. In the virtual panel, representatives from Petrobras, Vale, Enel Rio and the National Association of Automobile Manufacturers (Anfavea) attended to discuss the key opportunities presented by 5G, and the transformations in products processes and inputs, as well as showing how leading companies are preparing for this scenario.

One of the highlights of the event was the forecast of Petrobras Innovation Director, Nicholas Simon, who estimates that the new technologies to be implemented in the oil and gas industries (5G and low-orbit satellites) should add about US$70 billion to the sector’s operations through 2030.

According to the Executive, this value should rise to 250 billion USD in consideration Other communication technologies, with about $180 billion expected to come from existing infrastructure.

Petrobras is preparing to integrate new technologies mainly into offshore platforms, and the result should be a 20% to 25% reduction in the cost of a barrel of oil over up to 9 years. Currently, Petrobras has 7 platforms served by medium-orbit satellites, and it is assumed that they will reach 10 in 2022.

Regarding the fiber optic network, Petrobras wants to reach 13 platforms in 2023 and 24 production units in 2024. With regard to 4G and 5G technology, the goal is to provide 11 platform vessels in 2022, 24 in 2023 and 29, in year 2024.

New technologies will have positive effects on the sector, facilitating remote support for repairs and eventual maintenance, which can be carried out more efficiently and quickly using, for example, robots and drones. In this way, low latency, or a small delay in transmitting data, will increase the performance of operations.

After the auction at the beginning of the month, the challenge now is to update the legislation so that municipalities can receive 5G technology, which requires 5-10 times more antennas than 4G, which will also be expanded from the auction onwards. It is expected that by 2028, 5G will be installed in all Brazilian cities with a population of 30,000.