Daily LInks
1. Buy now, pay later is not a boom, it’s a bubble, Harvard researcher says: Now, 4 in 5 U.S. consumers use BNPL on everything from clothing to cleaning supplies, according to Experian, and most shoppers said buy now, pay later could replace their traditional payment method (likely, credit cards). – Read More on CNBC
2. Shannon Abloh Steps Up: The late Abloh’s wife Shannon, will assume the mantle at Virgil Abloh Securities, a company started by Mr. Abloh as his “creative corporation” that is now dedicated to “spreading his ethos and essence globally.” – Read More on the New York Times
3. Digital Trends Alter Fashion Industry in Indonesia: Indonesia’s Ministry of Tourism and Creative Economy is now continuing to collaborate to encourage the domestic fashion world and strengthen the Indonesian fashion ecosystem with two things, namely technological innovation, and a sustainability agenda. – Read More on OpenGov
4. Getty to Sell NFTs in Multiyear Deal with Fanatics-Owned Candy: Getty Images Inc. has signed a multiyear deal with Candy Digital, the digital collectibles firm owned by Fanatics Inc., as the provider of news and stock photos breaks into the nonfungible-token business ahead of its plans to go public. – Read More on Bloomberg
5. Some factories might leave China, but in the grand scheme of things it doesn’t matter much: “From China’s perspective, the movement out of local manufacturing is not going to be significant enough to really alter the nature of China’s role in the overall supply chain.” – Read More on CNBC
