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With over 5,000 stores in the U.S. and enough revenue to rival smaller countries, Walmart has established itself as a staple of American culture.
Derek Belch, STRIVR founder and CEO, joins CNBC's "Squawk Alley" to discuss how his company is partnering up with Walmart to utilize virtual reality to train and promote its 1.5 million employees.
It’s never only one new thing or concept that keeps a company relevant. Instead, it’s actively listening to your customers & providing them with what they need. From TrendforceOne & DIY Next
Monocle Films walk the extra mile to meet shopkeepers who’ve gone off the beaten track to give their customers a different experience.
Reality technology—also defined as immersive technology—comprises virtual reality (VR), augmented reality (AR) and mixed reality (MR).
Amazon has redefined e-commerce as we know it, but in the wake of declining growth in Amazon Prime membership, the everything store is evolving.
Who will fill that underutilized space? A series of recent acquisitions by associates of Amazon in Northeastern Ohio provides some clues.
Robots to roam aisles of San Antonio Texas Walmart stores.
Sears had everything needed to be an e-commerce leader, but poor decision making and lack of foresight left the retail giant trailing its competitors.
The new Amazon Prime Air drone can take off and land vertically like a helicopter, then fly like a plane. Watch for it in the skies making deliveries as part of a test program.
VR headsets allow people to interact with products same way as in a store, but also soon will allow them to interact with other people inside experience making it very social. - From VR South Africa
Inside one of Walmart’s New York stores, thousands of cameras track when products are running low or when produce start to lose its freshness. Company is using artificial intelligence to manage stores
Luxury represents a powerful form of social capital for this segment of consumers, according to new research in McKinsey’s China luxury report 2019
Fujitsu Artifical Intelligence (AI) learns from data to automate processes, improve service and raise productivity. AI eables complex processes to be automated independent of human intervention.
Good summary video on IoT applications in retail from Studio387. What do you think?
It’s watching & knows a crime is about to take place before it happens. Vaak, a Japanese start up, has developed Artificial Intelligence (AI) pre-crime software. - From Fanatical Futurist
In the year 2030, shoppers will need a reason to leave the couch and go in-store. - From Synchrony
As Amazon’s e-commerce growth begins to decrease, where will the retail behemoth shift its efforts? From Prime revenues to Alexa reprioritizations & more, Gartner L2 predicts what's next.
Disruptive can mean better, but it can also introduce social challenges. Innovation is transforming the retail sector.
Search behavior suggests that in-store shopping experiences begin online, & retailers are investing in omnichannel. But are retailers leveraging store footprint differentiation against Amazon?
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Finally, My First Benz has Arrived
Continuing our global tour to learn something new, our next stop is Mannheim Germany, where I had a chance to finally ride in my first Benz.
Mannheim is a city located in south-west Germany at the confluence of the Rhine and Neckar rivers. The first mention of the city was in 766 BC. Surprisingly it is the place where you will find the second-largest baroque palace in Europe (Versailles in France is number 1).
The city is famous for several important inventions. In 1817, Karl Drais invented the forerunner to the bicycle. In 1880, the Siemens company constructed the first electric lift. In 1886, Carl Benz invented the world’s first automobile whose replica I am riding in this picture.
Karl Benz was the first person to own a driver's license. After complaints from Mannheim citizens about his car's terrible noise and smells in 1888, he formally requested Grand Ducal Authority for written permission to drive on public roads.
It is believed that the ‘Mercedes’ part of the brand name ‘Mercedes-Benz’ was taken from Mercedes Jellinek, the daughter of businessman Emil Jellinek. Emil was one of the first buyers of Mercedes-Benz cars, and the name stuck,
Mercedes Benz was the first company to create a hybrid car in 1906. Safety crumple zones and anti-lock brakes also first appeared in their vehicles. Additionally, Mercedes-Benz was among the first to test self-driving technology in 1995.
This picture was from a recent Christmas Markets river cruise and it is a clear visual reminder to never stop having fun. Not sure how far I will get with this Benz, but walking through the steps of history was a high-speed thrill after all.
Deloitte 2023 Retail Industry Outlook
The work for retail executives in 2023 is to advance the innovations created during the pandemic: to drive more profit from the curated experiences, last-mile options, and conveniences that retailers rolled out—all at a time when the purse strings may need to tighten. - From Deloitte Read more
The Biggest Global Risks of 2023
One telling observation from the data above is that none of the risks left a majority of experts feeling confident in our ability to prevent the risk from occurring, or prepared to mitigate its impact. As the 2020s are shaping up to be a turbulent decade, that could be a cause for concern. - From Visual Capitalist
How TikTok Could Become a U.S. Company | WSJ
TikTok is at a crossroads, as U.S. concerns about its Chinese ownership grow. Some officials have explored the idea of forcing a sale to a U.S. company. WSJ explains the challenges of making that happen. Read more
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