Tata Consultancy Services sponsored research project from Harvard Business Review Analytic Services that brings you perspectives from retail leaders, AI practitioners, and retail analysts on how to craft unique growth and transformation strategies and unlock exponential value.
World-changing technologies that are poised to rattle the status quo. Virtually teleport to a distant site and actually feel the handshakes and hugs of fellow cyber-travellers; humanoid (and animaloid) robots designed to socialize with people; a system for pinpointing the source of a food-poisoning outbreak in seconds; minuscule lenses that will pave the way for diminutive cameras and other devices; and much more.
Amazon has leap-frogged the competition to be crowned the BrandZ Top 100 Most Valuable Global Brand for 2019, breaking Apple and Google’s 12 year hold on the top spot. Plus the continued rapid growth of the luxury sector - despite the slowdown in the global economy, the impact a brand’s age has on consumer perception, and the common drivers behind our newcomer brands.
NRF surveyed consumers to understand the role technology plays in their shopping decisions. Whether it’s automated assistants in their homes, smart devices in their hands or virtual experiences in the store, consumers are actively embracing the role of technology in their everyday lives. And they are sending early signals in terms of what this means for their shopping behavior and expectations.
Leading grocers step on the gas to deploy technologies that competitors will find hard to match if they fall behind. Finding in the 4th Annual Grocery Tech Trends Study uncover tectonic shifts in digital strategy and analyze 66 individual technologies that grocers can benchmark against.
Average Europe shrinkage rate (including both known and unknown shrinkage) reported by all respondents is 1.5% of turnover, with a mean of 1.4%. Rates vary widely across business sectors, with Food retail (2.0%) recording the highest shrinkage rate.
USA theft case values soared in 2018 with the average shoplifting case value ($301.97) increasing 11.8%; the average dishonest employee case value ($1,361.37) increasing an amazing 30.1%; and the total average theft case value ($408.77) up 17.0%.
51% of the world — 3.8 billion people — were internet users last year, up from 49% (3.6 billion) in 2017. Seven out of 10 of the world’s most valuable companies by market cap are tech companies. E-commerce is now 15% of retail sales.
The 2019 USA National Retail Security Survey (NRSS) tells a story of a dramatically changing retail risk landscape, with new threats and challenges being met at each turn with new loss prevention tools. Progress is being made, but LP teams continue to face setbacks and challenges with new and expanding areas of threat. From NRF news and the University of Florida.
Changing our behaviour? Ageing people? Necessity not choice? New illnesses, tired planet? The left behind? Work-life balance in the age of automation? Will we enjoy the ride? More tension? Where are we heading? How safe will we feel? Great trends presentation from George Tilesch, Chief Strategy & Innovation Officer at Lpsos
The past five years have been ones of unprecedented success for the private equity industry. During that span, more money has been raised, invested and distributed back to investors than in any other period in the industry’s history. Private investment in general, and private equity in particular, seems to be on a secular penetration curve that has no end in sight. Yet, there are also some cautionary notes to sound.
In the store of the future, the manager will still be analytical and decisive, managing a complex environment, but her responsibilities will stretch across the company, the store, and any shoppers seeking assistance. See the many ways traditional retailers could employ artificial intelligence, augmented reality, virtual reality and even robotics to enhance the shopper experience. - From the Coca Cola Retailing Research Council
With consumers holding the power and with retail experiencing a year of transition, what will retailers need to do to position themselves on the right side of the tipping point? From Deloitte, six strategies to help retailers navigate industry disruption.
Grocers are focused on customer convenience and are working to create seamless shopping experiences by investing in autonomous vehicle delivery, new distribution networks to speed up delivery times and smaller, more curated stores.
Good result is a fresh look at the 50 most international retailers based on their operations at the start of 2018. So, who is the No. 1 retailer in the world today? Not long ago, that question was relatively easy to answer.Good summary & list NRF STORES and Kantar.
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