Internet of Things
March 30, 2023 at 3:08 pm
The retail industry continues to experience unprecedented and unpredictable changes. Challenges such as talent acquisition and evolving consumer appetites leave leaders with little control over what happens next. With the state of the current landscape, retail stakeholders must create a business environment that's both dependable and adaptable. One area in which this is possible is…
March 21, 2023 at 3:15 pm
People may not realize that retail enterprises have long been among the early adopters of new technology applications in their fight to stay ahead of the competition. In recent years, retailers flocked to Internet of Things (IoT) systems to optimize operations in the face of ever-changing pandemic protocols and to combat ongoing concerns about shrink…
October 3, 2022 at 11:47 am
Amid evolving consumer preferences and a myriad of business challenges across food retail, organizations have turned to digital transformation as a source of support for their physical supply chain and stores. Among the most prevalent innovative adoptions is the applied use of Internet of Things (IoT) technology. However, as economic volatility has increased and consumer…
August 10, 2021 at 7:55 pm
It's no secret the pandemic completely upended how retailers approach serving their customers, from rethinking omnichannel experiences to working through some major supply chain disruptions. Now, as we begin a return to a level of normalcy, retailers are looking for ways to keep their customers happy and ensure they’re ready to face future hurdles caused…
May 18, 2021 at 6:46 pm
The pandemic has undoubtedly accelerated the shift to e-commerce by half a decade, with more people than ever before opting to shop online for items like groceries that have always dominated traditional brick-and-mortar retail. Now that customers have experienced the convenience of shopping online for products they never imagined, it’s unlikely that they’ll return to…
March 3, 2021 at 5:21 pm
With the pandemic keeping individuals around the world sheltered inside for much of 2020, the retail experience has largely shifted online — and it’s expected to stay that way moving forward. According to PYMNTS’ Black Friday 2020 Report, more consumers shopped online this Black Friday than ever before. While 47 percent of shoppers surveyed did…
February 9, 2021 at 7:29 pm
2020 was an unprecedented year that has changed the retail industry forever, turning omnichannel operations on its head. With many stores closed and customers staying at home, retailers had to rethink their overall strategy, many converting in-store inventory to fulfill online orders and turning stores into temporary distribution centers. Buy online, pick up in-store (BOPIS)…
November 19, 2020 at 7:35 pm
With the pandemic raging on, one thing is for certain: the 2020 holiday shopping season is going to look very different from years past. With the CDC categorizing shopping in crowded stores as a high-risk activity, many retailers are nudging consumers to get a head start on holiday shopping or order online to mitigate Black…
March 25, 2020 at 2:36 pm
From Kmart to Forever 21, numerous retail brands closed locations, laid off employees, and filed for bankruptcy in 2019. While the drivers behind these unfortunate circumstances varied, most resulted from a failure to digitally transform — i.e., an inability to successfully use modern tools to best engage target customers. To avoid similar fates, retailers today…
March 24, 2020 at 4:15 pm
When it comes to embracing the Internet of Things (IoT), the retail sector takes the top spot in PwC’s 2019 IoT survey. This trailblazing industry has the highest percentage of companies with active IoT projects: 58 percent, compared with only 48 percent for the total number of survey respondents. Furthermore, another 30 percent of the retail…
