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Tech. 2018, Part 1: Technology Is Breaking Down the Barriers to Selling Beauty and Enabling Closer Ties Between Apparel Brands and Suppliers

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Coresight Research

Key Points

This week, the Coresight Research team is attending the Tech. 2018 conference in London, which is produced by Retail Week and the World Retail Congress. Our takeaways from day one of the event include:

  • Germany’s biggest electronics retailer, MediaMarktSaturn, was late to e-commerce and is now determined to be an early adopter of technologies such as artificial intelligence (AI)-powered robots, augmented reality (AR) and virtual reality (VR).
  • Beauty giant Coty is using AI in a number of ways to break down the barriers to selling fragrance and cosmetics products online.
  • It is becoming increasingly important for brands and retailers to work closely with their suppliers to deliver faster speed to market and to source effectively.
  • Local manufacturing is becoming more of a reality thanks to robotics, 3D modelers and automation.
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