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The $30 trillion retail wake-up call. Is ecommerce eating the retail world? The recovery that is undeway to a new normal
In total, more than 70 million Americans have a criminal record of some kind. For those nearly 8 million Americans that have been incarcerated, their lifetime earnings declined an astounding 52%.
Have you ever wondered how many times and where each of us in USA is filmed by a security camera each week? A new research study has the answers. -from TDInsights Live
Livestreaming hits multiple major disruptive chords critical to the future of retail. Over the last three years this new retail ecommerce model has grown 453% and in 2020 will reach $129 billion.
Of the 253 total retail fatalities in the first half of the year, 28% were suspects, 40% were customers, 26% were associates, and 6% were law enforcement / security personnel. -from TDInsights Live
Pre-COVID-19, RFID in apparel was on a roll. Volumes finished at 10.3 billion at the end 2019, up 18% from the previous year. -from TDInsights Live
Post COVID-19 digitization will increase across harmonized retail channels. Online will need to keep searching for the human connection. Four technologies will increase in their importance.
Amazingly in just these two months, more money was spent online than the last 12 Cyber Mondays combined. What are the top 5 activities that stressed consumers miss most? -from TDInsights Live
Contrary to popular beliefs, all retail sales are NOT moving online. For USA, various forecasts have ecommerce reaching 20% to 21% of industry sales in 2020. -from TD Insights
Facial recognition is now in use in 98 countries, 12 others have approved it, and only 3 have banned it. Greater legislative scrutiny is needed in clarifying the rules and regulations of it.
In the lockdown phase, $250 billion in revenue was transferred from smaller companies that were forced to close to large companies that continued to stay open. -from TDInsights Live
As a first guest in this new video podcast produced by Tim Moore, Director of Global Loss Prevention at Swarovski, I examine the post COVID-19 "new normal".
Digital transformation is ahead that requires intensified focus on innovation, continuous learning, and stepping up your communication skills.
COVID-19 was an unexpected shock to global economic order. Much like a war, this health crisis will change how you work, go to school, have fun, and even how you shop. -from TD Insights
The future of retail was on display at the NRF Big Show in New York earlier this year. From that industry leading event, here are the top 3 disruptive innovation takeaways.
My current 3 primary emerging technology focus areas that are disrupting the future of retail. Foundational Internet-of-Things elements that will deliver a smarter more profitable retail store.
The robot revolution is here: As consumers continue to demand efficient and better-connected experiences, retailers are responding with a number of AI-driven innovation projects.
With artificial intelligence-enabled cameras, interactive displays & a massive data center, this store suggests a retail future that seems like science fiction. Video & Text Courtesy of Walmart Media
Tony D'Onofrio, former Chief Customer Officer for Tyco Retail Solutions, talks about Tyco / Sensormatic latest innovations, trends shaping retail, & new technologies that excite him the most.
Retailers have a very valuable often under-utilized asset in the store being met by an ever more knowledgeable digitally empowered consumer.
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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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