Warby Parker, an eyewear brand renowned for its direct-to-consumer (D2C) business model, and Allbirds, an eco-friendly shoe brand that went public on NASDAQ in 2021, exemplify innovation in connecting manufacturers directly with consumers without intermediaries. This model promotes a positive image by endorsing an eco-friendly business approach. However, the disclosure of the companies’ financial statements revealed that both had accumulated losses greater than anticipated. While it would have been ideal for manufacturers to supply products directly to consumers, the burden of inventory increased along with rising administrative and marketing costs. Distributors in the middle shared profits, but they also shouldered the financial burden. Choosing eco-friendly options often incurs higher costs due to the search for alternatives, which can lead to accumulating losses. Pollution negatively impacts both consumers and suppliers, and business deficits further inflict additional damage that c...
A heart’s wound heals not through will but through chance. If we fixate on our lingering emotions and pain, we will endure even greater suffering until we encounter that chance. Emptying our minds isn’t just a trendy idea; it’s essential, as clinging to stubbornness leads to futility. I realized this truth after overcoming my stubbornness, which ultimately brought me far more happiness and joy than regret by freeing myself from it. - Joseph’s “just my thoughts”