When AI Planned Fashion and Nothing Happened
The fashion industry is known for its notorious high waste production. Retailers attract consumers through frequent collections with shorter life cycles and wider assortments. With today’s headlines on the increase of dead inventory in the industry, sustaining this strategy poses a major risk to the existence of many retailers.
Onebeat Raises $10M for AI-Driven Retail Supply Chain Expansion
Onebeat Enables Retailers to Modernize Their Supply Chains in Real-Time, Saving Valuable Time, Resources & Money, Resulting in Greater Inventory Visibility & Profitability. Tel-Aviv, Israel & New York, NY – June 7, 2023 – Onebeat, a leading AI-enabled retail-tech company, secures $10M in additional funding to continue to expand its highly-adaptive retail platform, business operations […]
Digitization in Retail: Enabling Transformation for a Better Customer Experience and High ROI
Steve Jobs once said, “Technology by itself doesn’t make leaders. Technology only amplifies true leadership.”
The retail industry is evolving fast. This evolution can be mapped through changing consumer demands and, most importantly, consumer behavior.
So, is it the end of offline retailing?
To stay alive in increasingly competitive environments, retail must not neglect online and ensure coordination, attractiveness and availability of products so that the consumer’s in-person shopping experience is not frustrated.
Metaverse? Nice! But how are your breaks at the POS?
Metaverse, immersive experience, commerce anywhere, multiple payment systems, cryptocurrencies, drone delivery systems and the like, are topics that are surely inspiring many retailers.
ESG and Collection Management
ESG is an approach focused on integrating and expanding best environmental, social and governance practices. Today, any company that intends to seek investment needs to demonstrate that it has made a commitment to good ESG practices.
The transformative edge of using DevOps in Retail
Where there’s digitization there is thoughtful technological adoption. DevOps has emerged as the most pressing customer-oriented technology adopted by organizations with the retail industry being third in place in the DevOps application market.
When the company is not growing, it is dying!
New developments arise all the time and it is essential to be aware of them. This does not mean that everything new is wonderful, that it should be adopted immediately, but we cannot ignore possible trends.
IT is the CORE of the future
For a long time, the Information Technology (IT) area in retail was treated as an operational and structuring area. Today, retail companies that do not advance to the strategic use of information technology in their businesses run serious risks of losing market share to the critical point of making the enterprise unfeasible.
How Retailers Can Respond to the Fast Fashion Catastrophe
Today’s consumers have gotten used to purchasing cheap clothing that they wear and dispose of much quicker than they did in the past. This is called “fast fashion,” it’s a recent phenomenon, and also an environmental and economic catastrophe.
