Top 25 Retail Website / Global Retail Influencer
Retail Media Networks are already the fastest growing ad-supported media channel. In 2022, GroupM estimated that global retailers had $88 billion in ad revenue and in 2023 it will reach $101 billion with projections to grow by 60%.
In 2022, USA retail had 694 retail fatalities which was up 17% on the previous year and up over 80% since 2016 when the data started getting tracked.
What are the top 3 priorities for retail tech and the top 3 emerging technologies for 2023?
The United States Secret Service just published the first of its kind report which analyzes 173 mass violent attacks in the United States between 2016 and 2020. I urge everyone to read it.
Remember all the hype a few years ago about Amazon Go and how cashier-less stores were going to take over the world? Amazon in their latest earnings’ call announced that they are halting and to re-evaluate the economics of its mainstream grocery concept.
The 2023 edition of the National Retail Federation Big Show brought together more than 35,000 attendees, 350 plus speakers, and nearly 1000 exhibitors to New York this year. This year, two hits and two misses.
Retailers selling to middle to lower income consumers, those selling discretionary goods, or those with weaker balance sheets or high debt will be hardest hit. More store closings and more bankruptcies will follow in 2023.
According to the IMF, a third of the world economy faces two consecutive quarters of negative growth, the technical definition of a recession. Global inflation is forecast to rise from 4.7% in 2021 to 8.8% in 2022, 6.5% in 2023 and 4.1% in 2024.
Inflation is lowering consumer confidence in multiple major economies. 31% of USA parents say they are struggling to cover day-to-day expenses, 56% do not consider themselves to be financially “healthy."
Adding to the economic risks discussed in the last 2023 predictions video, here are ten global risk scenarios as published by the Economist Intelligence Unit that could negatively impact world economies in 2023.
Predictions are that by 2026, more than 64 billion IoT devices will be connected around the world. Companies and consumers will spend nearly $15 trillion on IoT devices, solutions, and supporting systems from 2018 through 2026.
Creating the first working self-checkout machine took three years and five million dollars. The pandemic accelerated their adoption as a frictionless technology here to stay.
The consensus is that the roots of radio frequency identification can be traced back to World War 2. A 2021 study published by Accenture, labeled RFID adoption in retail as booming. Check out why.
One of my legendary "toasts" integrating fun facts about the city of Cleveland with memorable insights that you will never forget. As they say in Italy, raise your glass and say "Salute".
On multiple levels EAS was really the first item level technology applied to consumer products. As with CCTV video, it was a foundational technology whose evolution to greater intelligence still continues today.
Fast forward 72 years since they first appeared, in 2021, the world crossed over 1 billion CCTV cameras installed worldwide.
From a bar in Dayton Ohio where the barkeep was worried about his profits, to now over 40 Amazon Go stores, it's time to review the humble beginning of the cash register as an employee anti-theft tech
There is no greater gift than the embrace of a child or a special memory that lives with you forever. Enjoy the ride for one day, you will realize it is too short.
“The word “robot” was coined in 1920 by the Czech playwright Karel Capek. The industry robot market is expected to grow at a compound-annual-growth rate (CAGR) of around 10%
‘Field of Gold’, which was one of the tracks on that Sting CD that started it all, perfectly summarizes the journey’s riches that ecommerce has accumulated since its memorable start.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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