FMI- The Food Industry Association’s Post

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

As grocery tech executives navigate the paradigm shift AI has introduced to the grocery retail industry, it's crucial to recognize where it can drive transformational impact. While some may see AI as a means to cut labor costs, Afresh prioritizes the empowerment – not replacement – of store associates. Read on to learn more about how Afresh helps store teams succeed, especially during the critical holiday period. https://hubs.li/Q02c1RP60

Update in Retail Tech! 🛒 Relex has unleashed AI-Driven Price Optimization, revolutionizing how retailers set prices! This tool empowers retailers to make informed pricing decisions, boosting sales, margins, and competitive advantage. The new capabilities, unified with Relex promotion planning, offer a comprehensive solution, including scenario testing for price change impacts. In a complex retail landscape, this AI-driven solution brings precision and balance to pricing, addressing challenges like inflation and resource constraints. Read the full article here 👇 https://lnkd.in/dNrHCXAm Follow Silver Brain AI AG today for the latest breakthroughs and latest trends in the world of GenAI 🚀 #RetailTech #AIPricing #InnovationAlert

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

Unified commerce is a term that’s dominating panels at retail conferences—besides generative AI, of course. It’s the concept of connecting a business’s back-end systems with its consumer-facing channels through a single tool. Nearly all (95%) of retailers surveyed identified unified commerce as “important” or “extremely important” for achieving success, according to data from retail technology company Aptos. #omnichannelretail #unifiedcommerce #retailstrategy

Interested on the development of a real #DataScience product and its technical architecture? Check out this Medium article by Yassine ZINESSABAH featuring the Ecommerce orders forecast we deployed in multiple countries at Decathlon Digital

#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

Take a look at the recent #Medium article authored by Yassine ZINESSABAH from Decathlon's AI Lab team, discussing the prediction of daily e-commerce orders for successful logistics operations.  Yassine presents an innovative e-commerce order prediction solution, offering a game-changing algorithm for accurate decision-making, planning, and resource allocation. Discover how this AI solution transforms the challenge of estimating daily e-commerce orders, a critical task for logistics, into a streamlined, data-driven process. The article also addresses the complexity of manual forecasting, and introduces a novel Top-Down forecasting approach that combines advanced models, to improve the accuracy of short- and long-term logistics planning. Read the article for an in-depth understanding of the technical architecture, metrics, and real impact on logistics efficiency. 🔗 https://lnkd.in/earTWPzf #DecathlonDigital #Logistics #Ecommerce #Innovation #DataScience #SupplyChainOptimization #AI #Logistics #Commerce #MediumArticle Alfonso Carta Adrián Vallés Daniel Rozputynski Federica Membretti Clément Delahaye

Excited to share my latest Medium article! 🚀 In this piece, I delve into "Predicting the daily number of E-commerce orders for logistic success", exploring a new AI-powered forecast that help the logistic teams to better allocate their daily ressources (People, space, equipment...) for the picking, packaging and delivery phase. Whether you're a data enthusiast or just intrigued by logistics efficiency and planning, I'm confident you'll discover insightful perspectives. Dive in and share your thoughts! #AI #forecast #Ecommerce #Logistics #DecathlonDigital #MediumArticle

Convenience store leaders explore AI for fuel and in-store pricing, with both interest and skepticism. They discuss benefits like optimized pricing and adaptability, while also considering concerns like human oversight and data gaps. #retail #conveniencestores #retailers #artificialintelligence #digitaltwin #customerexperience Source: (Convenience Store News)