Margins have always been tight in retail, and now more than ever retailers need to find smarter ways to increase sales. In their State of Grocery Retail 2022 report McKinsey noted that introducing localised assortment could increase sales by 2-4%*. Customers increasingly expect curated ranges in their local stores, and our new #AI driven solution #dunnhumbyAssortment now makes this possible for retailers. Find out more about how it could help your business: https://lnkd.in/emrXpD8D
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Take a look at my latest analysis on the top trends shaping the grocery industry in 2025 and beyond. From the rise of retail media networks to AI-driven hyper-personalization and the critical push toward sustainability, grocery innovation is moving fast! In this article, I deep dive into: 1) Retail media profitability, 2) E-commerce fulfillment innovations, 3) The power of AI in customer engagement and operations, 4) Sustainability as a competitive edge, and 5) Margin and cost pressures facing retailers. Want to future-proof your grocery strategy? Let’s talk! Connect with me at Groceryshop 2024, October 7-9, at Mandalay Bay, Las Vegas, where we can discuss these trends in person. Don't miss the opportunity to shape the future of grocery retail together! #GroceryRetail #RetailMedia #AI #Sustainability #Ecommerce #Groceryshop2024 #RetailInnovation #FutureOfRetail
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🤖 #AI is transforming the retail industry, and the next frontier? Grocery! 🛒 As retailers push boundaries to outpace competitors and attract new customers, a seamless shopping experience remains key. However, in this era of inflation, price has become a major factor for consumers. 💸 📊 According to Algolia’s B2C Ecommerce Site Search Trends Report, 51% of retailers plan to leverage AI to offer better product comparisons, giving shoppers the insights they need to make informed decisions. 🔍 Discover how AI is enhancing the grocery #CX in this article from @Gary Drenik via @Forbes: https://lnkd.in/esEjBE-r #RetailTech #GroceryAI #ConsumerExperience #Ecommerce
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CEO & Co-founder @ Standard Insights | Data Analytics, AI, Machine Learning | SaaS | Writer | Speaker | Working in the AI space before it was cool | Bootstrapped
https://lnkd.in/egZM8Et3 Check out this article I wrote for Retail Customer Experience. Owners of convenience stores continue to fight an uphill battle with declining profitability, which hovers around 5% for small stores and 10% for large chains. Many face the daily challenge of having to do more with less to survive and thrive in today's chaotic business environments. Fortunately, there could be a way to combat these challenges — and it starts with leveraging something you have in your possession: first-party data..... It's the New Year. The #AI drumbeat that started in 2023 continues in 2024. Louder. Faster. More aggressive. Read this article to learn the three ways AI can help mitigate your #conveniencestore profitability challenges to give your business a #competitiveedge Judy Mottl - thanks for giving me the opportunity to write this piece. #artificialintelligence #thefutureisnow #datadriven #retail #convenienceretail
Using AI to battle declining profitability in convenience stores
retailcustomerexperience.com
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How can retailers gain practical advantage from GenAI? Proud to have authored this latest perspective with my colleagues Amit Bansal Nicholas Goad Aaron Wilson Mugurel Florea Farzan Subhani and Nicholas Cohen #bcg #retail #genai #costoptimization https://lnkd.in/gGk49C8q
For Retailers, Unlocking the Mysteries of Cost
bcg.com
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AGImageAI enhances product image recognition and classification, improving search accuracy and recommendation systems for online retailers. Esra Çayırcı Ania Cinara #AGImageAI #AI #Ecommerce #ImageRecognition #Retail #GenAI
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Get the lowdown on retail trends we're currently seeing and anticipating for the rest of 2024. From AI to enhanced same-day delivery, here's what's dominating this year. https://bit.ly/4bMHpjG
Top 11 Retail Trends (2024 & 2025)
explodingtopics.com
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Executive | Merchandising | Pricing | Strategy | Data & Analytics | Digital Transformation | Retail Operations | Process Improvement | Technology | Organizational Design | Change Management
Great perspective from Boston Consulting Group (BCG) on leveraging AI to drive hard dollar benefits from better visibility into cost breakdowns for pricing decisions and creating value for customers. #AI #pricingstrategy #pricingoptimization #analytics
How can retailers gain practical advantage from GenAI on their cost base? Proud to have authored this latest perspective with my colleagues including Amit Bansal, Ken Davidson, Mugurel Florea, and Aaron Wilson. #bcg #retail #genai #costoptimization https://lnkd.in/eAQS4dRN
For Retailers, Unlocking the Mysteries of Cost
bcg.com
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#RTS2024 - and it's farewell from us - until #RTS2025! 👋 Thanks to all those who passed by our stand and for the many engaging conversations. Keep in touch with delivering #retail excellence through #AI on our insights pages here: https://loom.ly/TuO5B0A #intelligentmerchandising #retailAI
Keep up to date with retail news, trends, hints and tips
retailexpress.com
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As consumer expectations rise and the hashtag#retail landscape shifts, balancing rapid delivery with in-store shopping is a key challenge. Our latest article in Forbes Business Council, authored by our Global Retail Lead, Lindsey Mazza, dives into how grocery retailers use innovative technologies like #AI and #AR to enhance online and in-store experiences. Learn how these trends are shaping the future of #GroceryRetail! #DigitalTransformation #InStoreExperience
Council Post: Grocery Tech Trends: Getting More From In-Store
social-www.forbes.com
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As consumer expectations rise and the #retail landscape shifts, balancing rapid delivery with in-store shopping is a key challenge. Our latest article in Forbes Business Council, authored by our Global Retail Lead, Lindsey Mazza, dives into how grocery retailers use innovative technologies like #AI and #AR to enhance online and in-store experiences. Learn how these trends are shaping the future of #GroceryRetail! #DigitalTransformation #InStoreExperience
Council Post: Grocery Tech Trends: Getting More From In-Store
social-www.forbes.com
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