Top 25 Retail Website / Global Retail Influencer
Retail Media Networks are already the fastest growing ad-supported media channel. In 2022, GroupM estimated that global retailers had $88 billion in ad revenue and in 2023 it will reach $101 billion with projections to grow by 60%.
In 2022, USA retail had 694 retail fatalities which was up 17% on the previous year and up over 80% since 2016 when the data started getting tracked.
What are the top 3 priorities for retail tech and the top 3 emerging technologies for 2023?
The United States Secret Service just published the first of its kind report which analyzes 173 mass violent attacks in the United States between 2016 and 2020. I urge everyone to read it.
Remember all the hype a few years ago about Amazon Go and how cashier-less stores were going to take over the world? Amazon in their latest earnings’ call announced that they are halting and to re-evaluate the economics of its mainstream grocery concept.
The 2023 edition of the National Retail Federation Big Show brought together more than 35,000 attendees, 350 plus speakers, and nearly 1000 exhibitors to New York this year. This year, two hits and two misses.
Retailers selling to middle to lower income consumers, those selling discretionary goods, or those with weaker balance sheets or high debt will be hardest hit. More store closings and more bankruptcies will follow in 2023.
According to the IMF, a third of the world economy faces two consecutive quarters of negative growth, the technical definition of a recession. Global inflation is forecast to rise from 4.7% in 2021 to 8.8% in 2022, 6.5% in 2023 and 4.1% in 2024.
Inflation is lowering consumer confidence in multiple major economies. 31% of USA parents say they are struggling to cover day-to-day expenses, 56% do not consider themselves to be financially “healthy."
Adding to the economic risks discussed in the last 2023 predictions video, here are ten global risk scenarios as published by the Economist Intelligence Unit that could negatively impact world economies in 2023.
Predictions are that by 2026, more than 64 billion IoT devices will be connected around the world. Companies and consumers will spend nearly $15 trillion on IoT devices, solutions, and supporting systems from 2018 through 2026.
Creating the first working self-checkout machine took three years and five million dollars. The pandemic accelerated their adoption as a frictionless technology here to stay.
The consensus is that the roots of radio frequency identification can be traced back to World War 2. A 2021 study published by Accenture, labeled RFID adoption in retail as booming. Check out why.
One of my legendary "toasts" integrating fun facts about the city of Cleveland with memorable insights that you will never forget. As they say in Italy, raise your glass and say "Salute".
On multiple levels EAS was really the first item level technology applied to consumer products. As with CCTV video, it was a foundational technology whose evolution to greater intelligence still continues today.
Fast forward 72 years since they first appeared, in 2021, the world crossed over 1 billion CCTV cameras installed worldwide.
From a bar in Dayton Ohio where the barkeep was worried about his profits, to now over 40 Amazon Go stores, it's time to review the humble beginning of the cash register as an employee anti-theft tech
There is no greater gift than the embrace of a child or a special memory that lives with you forever. Enjoy the ride for one day, you will realize it is too short.
“The word “robot” was coined in 1920 by the Czech playwright Karel Capek. The industry robot market is expected to grow at a compound-annual-growth rate (CAGR) of around 10%
‘Field of Gold’, which was one of the tracks on that Sting CD that started it all, perfectly summarizes the journey’s riches that ecommerce has accumulated since its memorable start.
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“You miss 100% of the shots you don't take.” - Wayne Gretzky
Continuing our global journey to learn something new, our next stop is Toronto, the largest city in Canada and the 4th largest city in North America. The architectural icon of the city is the CN Tower which until 2007 held the world record as the tallest free-standing structure on the planet. The new king of the architectural hill is now the Burj Khalifa in Dubai.
More than 50% of current Torontonians were born elsewhere with its citizens representing over 200 distinct ethnic origins. There are roughly 180 languages and dialects spoken in Toronto and 44% of residents have a first language that is not English or French.
Did not know that the famous USA baseball player Babe Ruth hit his first professional home run in Toronto in 1914 when he was a 19-year-old rookie for the minor league Providence Grays. Amazingly, Toronto is home to 10 million trees with the oldest being a 300-year-old oak in North York. Yonge Street in the city is the longest in the world at 1,896 km (1,178 miles).
From visiting multiple cities in Canada, I can confirm that hockey is a religion. This picture was taken at a Retail Council of Canada event where I had the pleasure of delivering my “Disruptive Future of Retail” keynote presentation. The hockey jersey was a gift from my great Canadian friend Robert Simoneau.
Life is one great journey and I would encourage you to indeed never miss taking 100% more shots at making it enjoyably memorable.
2023 USA Grocery Shopping Trends
Gain a deeper understanding of grocery shoppers’ changing habits and behaviors over the past few years. The Food Marketing Institute explores in detail shoppers’ weekly spend, primary store choice, and engagement with the emerging array of online and in-person grocery options. - From FMI.org Read more
Countries Where Children Are the Most Satisfied with their Lives
Comprehensive data from UNICEF on where children are the most satisfied with their lives, including statistics on mental well-being, suicide rates, physical health, obesity rates, academic achievement, social skills, family time, and more. - From Infographic Journal
Inside Elon Musk’s Fascination With ‘X’ | WSJ
Elon Musk changed Twitter’s name to X in late July, marking a major change for the social media company. His fascination around ‘X’ dates back to 1999, when he envisioned X.com as a banking site. Read more
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