Tag: Computer Vision

What will not change in the retail industry? Even 10 years from today, customers will still want more product selections at a lower price through more convenient services. Recognizing these constant customer demands, Amazon has continued to grow sustainably by focusing on three factors: selection, price, and convenience (or SPC). In other words, Amazon has […]

In many ways, consumer packaged goods (CPG) brands face many areas of uncharted territory in today’s business climate: pandemics, supply chain disruptions, and ever-changing regulations and consumer expectations. However, despite such volatility, CPGs also face enormous opportunities, as consumer demand continues to rise at an astonishing rate. The following three key principles should be considered […]

You already have basic footfall data that shows the number of people in your store at any given hour, and you know your sales data per hour, so you can produce a rough “conversion” rate for your customers. But what if you could get more granular data about your customers’ behavior? What if you could […]

Grocery retailers typically operate high-volume, low-margin business models. All the retailer’s resources need to be deployed in a way to maximize productivity and minimize cost. This isn’t a simple ask because the majority of applications in the industry have grown organically over a long period of time. In the UK, the top five grocers—with the […]

A highlight of my chosen profession is the opportunity to exchange experiences, perspectives, observations, and ideas with colleagues who are equally as passionate about the restaurant and food service industry. One such recent opportunity saw me join Joe Jensen, Vice President of the Internet of Things (IoT) Group and General Manager of Retail, Banking, Hospitality, […]

Introduction As the manufacturing industry evolves rapidly in the industry 4.0 era, industry professionals are exploring technologies to improve and optimize their industrial process. Building better products is one of the top priorities of industrials, along with reducing overall costs, increasing revenues, offering products at a lower price and reducing time to market. The critical […]

Introduction In remote upstream oil and gas facilities, such as well pads, energy companies frequently have various service contractors bringing in items, performing services, and removing items from the site. These facilities most often do not have permanent staff on location. It can be challenging for operators to know who is accessing the facilities. For […]

Coca-Cola İçecek (CCI) is the world’s sixth largest bottler of Coke products. Headquartered in Istanbul, Turkey, CCI brings some impressive stats: They manufacture 1.2 billion cases of drinks produced annually across 26 bottling plants with operations in 10 countries, including Turkey, Azerbaijan, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Pakistan, Syria, Tajikistan, and Turkmenistan, and serve 400 million […]

The COVID-19 pandemic created unprecedented disruption. In a matter of days, our world turned upside down. As shelter-in-place lockdowns, mask mandates, and social distancing rules took hold, new patterns of consumption quickly emerged. Arguably, no industry felt the pandemic’s dramatic impact more than consumer packaged goods (CPG). However, leaders are forging ahead with resilience, tenacity, […]

As the retail industry tackles dramatic shifts in shopper behavior, broad changes in product assortments, and huge growth in digital orders, innovative merchants are responding to these market shifts with laser-focused, technology-driven customer experience initiatives. We wholeheartedly applaud these efforts. But it’s not enough. Retailers must also focus on back-office store operations to increase automation, […]