Albertsons Media Collective’s Post

The grocery industry is evolving rapidly—are you keeping up with shifting consumer trends? Our AI-native solutions empower you to stay ahead! Reduce waste, supercharge promotions, and perfect your product allocation with precise demand forecasting. Join us at Groceryshop to chat with our experts about how AI can drive your success in this transformation. Don’t wait—book a meeting with us today! #Grocery #Retail #RetailTrends #AI #CPG #DigitalTransformation #Groceryshop24 #Vegas

𝐇𝐨𝐰 𝐀𝐈 𝐢𝐬 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐑𝐞𝐭𝐚𝐢𝐥: 𝐖𝐚𝐥𝐦𝐚𝐫𝐭'𝐬 𝐆𝐚𝐦𝐞-𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐌𝐨𝐯𝐞𝐬 AI makes Walmart 100x more productive The Rundown: Walmart’s CEO Doug McMillon just reported that the company is using generative AI to increase its productivity, updating 850 million product catalog entries 100 times faster than human-led methods. The details: The report came during the company’s Q2 financial earnings call, where McMillon also announced AI improvements to customer search and seller support. Customers can now use AI-powered search and a new shopping assistant on Walmart’s app and website — it even provides advice for questions like “𝑾𝒉𝒊𝒄𝒉 𝑻𝑽 𝒊𝒔 𝒃𝒆𝒔𝒕 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈 𝒔𝒑𝒐𝒓𝒕𝒔?”. Walmart is also testing a completely new AI-driven experience for U.S. based marketplace sellers, but the details are not yet available. McMillon said the company plans to continue experimenting with AI globally across all parts of its business. 𝑾𝒉𝒚 𝒊𝒕 𝒎𝒂𝒕𝒕𝒆𝒓𝒔: Another multibillion dollar company is using AI to increase productivity, but most notably, Walmart is exploring the tech in all areas of its business ops. Whether people should be excited about the endless possibilities ahead or concerned about the relevance of their jobs is a question that’s not going away any time soon. #WalmartAI #RetailRevolution #AIInnovation #FutureOfWork #ProductivityBoost #Cheynbiz101

One of our MUST see #NRF2024 sessions Walmart Technologies SVP and Chief Operating Officer Anshu Bhardwaj takes to the stage with Insider Intelligence's Suzy Davidkhanian and National Retail Federation's Christian Beckner to talk #generativeai explaining how #Walmart is using #AI to drive growth and competitive advantage across the business. More details here https://lnkd.in/eyKyP2PY

𝐖𝐡𝐚𝐭 𝐃𝐨𝐞𝐬 𝐖𝐚𝐥𝐦𝐚𝐫𝐭'𝐬 𝐔𝐬𝐞 𝐨𝐟 𝐀𝐈 𝐓𝐞𝐥𝐥 𝐔𝐬 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬? Walmart is leading the charge in using 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 to transform its business operations. With its CEO Doug McMillon revealing that Walmart is updating 𝟴𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗰𝗮𝘁𝗮𝗹𝗼𝗴 𝗲𝗻𝘁𝗿𝗶𝗲𝘀 at a speed 𝟭𝟬𝟬 𝘁𝗶𝗺𝗲𝘀 𝗳𝗮𝘀𝘁𝗲𝗿 than human-led efforts, it’s clear the retail giant is setting a new standard. The introduction of 𝗔𝗜-𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝘀𝗲𝗮𝗿𝗰𝗵 and a shopping assistant on Walmart's app is reshaping how customers shop, providing tailored recommendations and support. This moment isn't just about efficiency; it's about the 𝗲𝗻𝗱𝗹𝗲𝘀𝘀 𝗽𝗼𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 AI brings to the table. But it also raises concerns about the impact on jobs and the future of work. What is your opinion? Source: https://buff.ly/3SU6VMi

See your shoppers in Coles Group and Woolworths Supermarkets! We're excited to be back instore this week using AI technology to capture, at scale, exactly how shoppers shop your categories across Australia. You can now see where your shoppers GO, what they SEE, ENGAGE with, and BUY. No more guesswork. No more artificial research. This is real-life shoppers. Watch this video 👇 to see Store Impact in action, and reach out to the team to make sure you're getting the insights you need for those supplier-retailer conversations. #shopperinsights #shoppermarketing #instoreinsights

“We shouldn’t be fearful of AI, it will be an opportunity for retail” In our second sneak preview, showcasing what we will be discussing at The Richmond Retail & eCommerce Directors' Forum 2024, Chris Browne, retail expert and former Global Retail Director at Ted Baker talks to Natalie Berg, our conference chair.  We asked his opinion on:- 📸 What are the biggest benefits that AI will bring to retail 👚 Visual AI and the opportunities for fashion retail 🤳 How tech can enhance the shopping experience 👕 Addressing the perennial problem of returns 🛍 What Western retailers can learn from Asia 🏬 Chris’ vision for the future of the high street Chris will be talking alongside Dr Parves Khan (Data and Tech Lead)  and Sarah Wilkinson (Jimmy Choo) to discuss how AI will revolutionise retail. We only have a few complimentary places left so do get in touch if you would like to join us. 📺 You can watch the full conversation on YouTube: https://lnkd.in/e_tz4BvM Or listen on: 🎧 Apple: https://lnkd.in/eT3eFdaX 🎧 Spotify: https://lnkd.in/ejGdzkjN If you missed our first episode with Sarah Welsh, CEO of Retail at N Brown Group, you can catch up here: https://lnkd.in/eJkfJj4Y #retail #consumer #fashion #fashionretail #AI #visualAI #returns #retailtrends #futureofretail #retailtech #retailtechnology #shopping #RetailDisrupted #Ted Baker #Jimmychoo

Recently, the Qsic team attended the Path to Purchase Institute Retail Media Summit in Chicago. At the summit, Katie Vogt from Walgreens Advertising Group highlighted a crucial point: "Everyone likes the idea of AI, but in practice, it requires people to let go of control and let the technology do its job. People are still hesitant about accuracy, don’t entirely trust results, and want to cherry-pick people to target." This insight resonates deeply with what we are achieving at Qsic. We are pioneering the use of AI in Retail Media like no one else. Our innovative framework empowers our team to shift their focus from operational tasks to delivering results, leveraging AI to enhance accuracy and efficiency in ways that set us apart in the industry. Thanks for another great summit Path to Purchase Institute. #retailmediasummit #instore #retail #conference #aooh #p2pi

👉 In a joint report from Grocery Doppio, FMI—The Food Industry Association, and Wynshop, key insights into the grocery industry's digital transformation have been revealed: 🔍 **Top Takeaways**: - 69% of all 2023 grocery sales were digitally influenced. - 73% of grocery executives anticipate increased competition in 2024. - Grocers plan to boost AI spending by 400% before 2025. 🚀 **Challenges**: However, grocers encounter hurdles with AI adoption: - 71% face budget constraints. - 69% struggle with proving performance and unclear ROI. - 63% cite limited infrastructure as a barrier. 🔍 **Future Outlook**: Only 28% of grocers feel confident in effectively leveraging AI by 2025. Challenges include talent scarcity and a lack of defined strategies. 🌟 **Culture Matters**: The report emphasizes the significance of culture, noting that grocers lean more towards intuition than data-driven decision-making. ✅ Image by DALL.E #GroceryIndustry #AI #DigitalTransformation

The power of data is unimaginable. Big Data, when combined with AI, has the potential to boost the company’s revenue. Is this even possible? Well, yes. Starbucks has proven it, raking in a record $29.46 billion in 2023. How did they do that? Read the post below to find out.