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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Within the larger global market, McKinsey estimates that the retail and CPG sectors have the most to gain from AI , with potential to harness the tech and drive huge improvements in operational efficiency as well as the customer and employee experience. But many of these tasks may just represent the low-hanging AI fruit.

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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing. The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

The survey also found that less than 13% of retail organizations are investing in technology to tackle these challenges, instead remaining focused on short-term fixes like increasing prices and running marketing campaigns. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

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Key Takeaways from the Wiser Industry Leaders Brand Panel: Challenges and Adaptations

Wiser

The interplay between economic fluctuations and labor market trends was another dominant discussion point. Whether it’s due to macroeconomic trends or industry-specific shifts, adapting to a leaner mode of operation can safeguard against unpredictable market movements.

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

Discover Your Customers and Understand Customer Behavior Most people counters on the market use outdated technologies and claim to be highly accurate; they’re not. Accurate visitor data can help supermarket managers make more informed decisions about future marketing efforts, leading to increased sales and revenue.

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7 Retail Operations You Must Manage Effectively

RETAIL MANAGEMENT SOFTWARE

InventoryInventory management involves having the right products in the right amounts at the right stores. Loss mitigation – You’ve got to monitor and track damaged and stolen products and put together a plan to mitigate future losses as every lost product eats into your store revenue and profit.