PPG takes stock of natural disasters
With a strong presence in areas hit by recent hurricanes, flooding and earthquakes, PPG announced Monday that its employees in Texas, Florida, Mexico and Puerto Rico are safe.
The company released a statement on Monday morning, breaking down the personal and corporate impact of the disasters. Many employees suffered significant property damage, and the company itself was impacted by damaged stores, lost inventory, and transportation costs.
“We have all witnessed the devastation caused by the recent hurricanes that originated in the Atlantic Ocean and the earthquakes that occurred in Mexico. Our thoughts remain with those who are affected and working to rebuild their lives and communities,” said Michael McGarry, PPG chairman and CEO. “We have been closely monitoring the impacts on our employees in Texas, Florida and adjacent states, Mexico, Puerto Rico and other parts of the Caribbean. While the property damage in these areas has been severe, we are relieved that all of our employees are safe. We will continue to support our employees and the impacted communities during the recovery and rebuilding efforts, including making contributions to the American Red Cross from the PPG Foundation. We are also matching PPG employee contributions and working directly with those employees who have experienced significant personal property damage or loss. Our employees throughout PPG continue to demonstrate their commitment to helping in times of need.
“PPG has a strong presence in all impacted areas, including more than 100 architectural coatings company-owned stores, approximately 1,600 concessionaire stores in Mexico, various distribution centers, manufacturing facilities and administrative offices,” McGarry added. “In addition, we have many valued customers and suppliers throughout these areas. Some of our properties have sustained damage, and there will be a certain amount of inventory that will not be recoverable. Our teams are working to assess the full range of the damage, and we are working diligently to resume normal operations. More impactful to PPG has been the disruption of our supply chain, as certain key raw materials have been placed on force majeure or allocation and supply routes have been interrupted. This has had a sizable ripple effect on many of our operations throughout the U.S. and Mexico, as we remain committed to supplying our customers.”
From a business perspective, the short-term impact of the disasters will take the form of increased transportation and logistics costs. The company expects that net impacts from these events to its fourth quarter financial results will be negligible or very modest.
Lowe’s attempts to disrupt how we measure things
Mooresville, N.C.-based Lowe's says it is launching two apps leveraging Apple's new ARKit capabilities – Measured by Lowe's and Envisioned by The Mine (A Lowe’s company) – to transform smartphones into measurement and design aides.
Measured, available for download at Apple's App Store today, is one of the first accessible, easy-to-use apps using augmented reality to measure an object or distance within the phone's camera view. Envisioned by The Mine will be available in early October and allows users to view high fidelity digital images of furnishings at scale, in their own home or a commercial space, leveraging ARKit's augmented reality capabilities. Both apps build upon Lowe's leadership in developing augmented, virtual and mixed reality applications for retail.
"At Lowe's, we believe in harnessing the power of technology to solve every day problems," said Gihad Jawhar, vice president, digital development at Lowe's. "Beginning with the Holoroom debut in 2014, to the launch of Lowe's Vision last November, to the introduction of In-Store Navigation in March, Lowe's has been at the forefront of exploring how mixed reality technology can enhance the customer experience. We were immediately onboard to expand this capability into Apple's ARKit to help solve some of the most common visualization barriers in home improvement: measurement and design."
Measured uses the iPhone (6S model and newer) camera to allow users to measure anything in the real world quickly and easily, and save it for later. The company says Measured is part work part fun. Users can get instant measurements and even share their "measured moments" on social media, straight from the app. From measuring the height of a chandelier for a foyer to measuring the height of your child and sending it to grandma, the app is intended to be the everyday go-to tool for all consumers.
"We learned how much we actually measure on a day-to-day basis and set out to create a beautiful tool that would help people quickly and easily measure moments, as well as projects," said Jawhar. "The app's versatility and ability to address virtually any consumer measurement need is pretty incredible."