Novelis, the world’s largest aluminum recycler, showed Ford how it could afford the switch to higher-priced aluminum (adding about $750 per truck) by using recycled scrap instead of buying virgin aluminum mined from bauxite. Together they created an innovative supply chain that allows Ford to recover a big chunk of its aluminum costs by selling the scrap back to its suppliers and reusing it.
Phil Martens, a former Ford executive who is now chief executive of Atlanta-based Novelis, says the virtuous circle is a clever example of risk management. “Give us your scrap and that will turn into your product.”
The result is the world’s smartest all-purpose party starter. It stores food and drinks, sure. But it also touts a blender (“for vodkaritas,” Grepper offers), an LED lid light (“to see if you’re reaching for beer or Clamato juice”), a USB charger (“so nobody’s phone dies”), a Bluetooth speaker (for tunes) and big wheels designed to navigate many terrains (beach, parking lot). “I just want to make the coolest cooler out there,” says Grepper. Hence the name: Coolest Cooler.
The just announced Apple Watch will come in 6 alloy choices
The anodized aluminium is “ 60 per cent stronger than standard alloys. Yet it’s very light. Together with the Ion-X glass covering the display, it makes the Sport collection watches up to 30 per cent lighter than our stainless steel models. It’s also exceptionally pure, with a beautifully consistent appearance that’s difficult to achieve with traditional aluminium alloys.”
Designer Gadi Amit on the challenges in designing wearables in Bloomberg
“The variability is astounding. We have an office of 30 to 35 people, and with a simple measurement like the circumference of the wrist, we have a variability of 100 percent. The largest wrist is twice as large as the smallest wrist. The other element which is very difficult is that the technology pieces are still quite cumbersome. Batteries come in boxy shapes, screens come with sharp corners. Wielding these elements is an art.”
Lit Motors is a San Francisco startup developing a two-wheeled electric vehicle called the C-1. It looks like a motorcycle wrapped in a candy shell and rides like a car. The C-1 aims to fill the commuter sweet spot between bicycle and automobile. Lit founder Daniel Kim, 34, says the vehicle is scheduled to begin production later this year.