This deep dive represents the third installment in the RetailTech series and covers everything from beacons to magic mirrors to robots.
Pricing has become key in retail. Artificial intelligence and machine learning is giving retailers new tools to help fully and effectively implement price optimization strategies.
Alibaba’s flash sale and group buying platform Juhusuan introduced an updated version of Jutudi, an initiative to offer fresh farm produce at a lower price. Tmall launched an experiential center to invite brands to connect with customers offline.
Machine learning generates insights from data to help retailers make better decisions and predictions and improve operations including inventory management and last-mile delivery.
New Retail Briefing: Oreo Launches New Flavors Inspired by Forbidden City; Tmall Gives Retailers New Tools to Innovate Storefronts
Oreo teamed up with Forbidden City to create a new line of featuring traditional Chinese aesthetics. Tmall has given retailers new tools to redesign storefronts to boost store traffic.
IVAs can improve supply chain operations by cutting labor costs and enabling faster and more accurate service delivery, ultimately leading to better customer experiences. Companies such as Alibaba and Aramex have been employing IVAs to improve supply chain efficiency.
The digitalization of grocery retailing is about much more than e-commerce. In the US, Walmart and Kroger are leading the charge in digital adoption across the grocery supply chain. In this report, we review a number of grocery tech innovations from these two retailers.
Israel’s retail-tech sector is growing and quickly becoming one of the hottest and most innovative ecosystems for retail technologies, with startups offering solutions from supply chain logistics to the in-store experience.
Technologies including blockchain, AI and others are transforming the various stages in the retail supply chain, including product design, demand forecasting, manufacturing, logistics, warehousing, last-mile delivery and sales.
Artificial intelligence (AI) has established itself as the preeminent technology in retailing. We outline the four overarching use-cases for AI in retail companies identified in our CORE framework.
E-commerce has served as a growth impetus for CPG, enabling a more direct connection between brands and customers and giving brand owners greater control over the supply chain.
5G in Retail: Growing Revenues in E-Commerce, Boosting Capabilities in IoT Technologies, and Unleashing Potential in AI, AR and VR
5G should unleash the full potential of data-intense technology in retail, such as artificial intelligence, machine learning and reality technologies, empowering existing use cases and delivering new applications.
Coresight Research attended the 13th Annual VM Global Leadership Summit on March 20 in New York City. CEO Deborah Weinswig delivered the keynote address Consumers at the Crossroads of Tech and Retail and moderated a panel discussion titled Tactics and Insights for Decoding Consumer Behavior.
On March 13, 2019, Fung Retailing Group’s convenience-store chain, Circle K, rolled out Hong Kong’s first AI-powered checkout solution using image recognition.
This is the third report in a short series looking at artificial intelligence (AI) in retail. In this report, we explore what startups are doing with AI in the context of our proprietary CORE framework, which stands for Communication, Optimization of pricing, Rationalization of inventory and Experiential retail.