Top 25 Retail Website / Global Retail Influencer
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.
Focusing on the most important person in the retail store is obvious, yet getting harder because of so many digital disruptions. It is time to bring in the ambassadors.
My take on the need for greater retail innovation speed and the two global forces driviing it.
Here are the three megatrends driving the disruptive future of retail. A fourth which is taking shape right now will be discussed in future videos / presentations.
Successful Clicks will continue to open physical stores. As Walmart has clearly demonstrated, actual stores are a very profitable asset to overall omnichannel growth.
Here is a video example reminder of the Peter Drucker quote on the power of culture from Sensormatic, an iconic Loss Prevention Retail Leadership Brand.
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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.
World Happiness Report 2024
The top 10 countries have remained much the same since before COVID. Finland is still top, with Denmark now very close, and all five Nordic countries in the top 10. But in the next 10, there is more change, with the transition countries of Eastern Europe rising in happiness (especially Czechia, Lithuania and Slovenia). Partly for this reason the United States and Germany have fallen to 23 and 24 in the rankings. - A partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and the WHR’s Editorial Board. Read more
ChatGPT Statistics - Users, Revenue (March 2024)
ChatGPT has over 180.5 million monthly users as of March 2024. Nearly 15% of the ChatGPT users are from the United States. More than 92% of Fortune 500 companies are using ChatGPT. atGPT is forecasted to generate a revenue of $1 billion in 2024. 53% of the readers failed to identify ChatGPT written content as AI-written. – From Demandsage.com
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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