COVID-19 Variants and Retail Challenges

The video covers the emergence of the Omicron COVID-19 variant, its identification in South Africa, and the global response, including travel restrictions. It also discusses the history and impact of Black Friday on retail, noting changes in shopping behavior due to COVID-19. The challenges of online returns are explored, highlighting the logistical and environmental issues they pose. The video concludes with a light-hearted segment on a toddler snowboarding and a shout-out to Carthage High School.

What is the name of the new coronavirus variant discussed in the video?

• Lambda

• Sigma

• Omicron

• Delta

Where was the Omicron variant first identified?

• United States

• South Africa

• India

• Brazil

What was the initial reaction of South African scientists to the travel bans?

• They were angry

• They were indifferent

• They supported the bans

• They were relieved

Which U.S. city is believed to be the source of the term 'Black Friday'?

• Philadelphia

• Chicago

• Indianapolis

• New York

What percentage of store traffic was lower on Black Friday in 2021 compared to 2019?

• 28%

• 10%

• 60%

• 47%

What is a major challenge for retailers regarding online returns?

• Lack of storage space

• High return costs

• Poor product quality

• Insufficient staff

What percentage of online purchases are typically returned?

• 30% or more

• 50%

• 15-20%

• 5-10%

What is the environmental impact of retail returns?

• No impact

• Increased recycling

• Reduced waste

• 5 billion pounds of landfill waste

What innovative technology is helping reduce the likelihood of returns?

• 3D printing

• Blockchain

• Augmented reality

• Virtual reality

What unusual skill does the toddler in China possess?

• Painting

• Playing piano

• Dancing

• Snowboarding