Digital twins are often linked to a data source; in some cases, that means the twin is updated to reflect the original version; in others, that means these virtual items unlock insights that can be applied within a specific function or an entire organization.
In a year where consumers still fretted about inflation, Santa Claus delivered a solid holiday shopping season. According to a Mastercard Spending Pulse report, total spending this holiday season increased 3.8% over 2023, surpassing the previously forecasted rise of 3.2% and beating last year’s increase of 3.1%. For the shopping period between November 1 to December 24, online grew 6.7% while in-store sales grew 2.9%.
It’s been said often enough: garbage in, garbage out. Feed your strategies with unusable data, and don’t be surprised when you end up with a mess. It’s something Kenvue has taken to heart.
Predictive analytics has quickly emerged as an indispensable asset in inventory management by tapping various data points--from sales history, customer preferences and market trends to macroeconomic indicators--for more precise demand forecasting.
Hanshow has announced a partnership with OHIYO, a brand in the airport retail sector known for its curated selection of Japanese cross-border products.
Amazon reports that Buy with Prime, its direct to customer (DTC) offering, is now available on Belkin.com, a specialist in consumer electronics accessories.
Cerence and luxury automaker Jaguar Land Rover (JLR) partnered to develop JLR’s next-generation in-car experience. The companies will leverage Cerence’s artificial intelligence-enabled technologies for transportation to add advanced intelligence and capabilities to JLR’s Range Rover, Discovery, Defender and Jaguar vehicles
Holoconnects, Mews, and CIC Hospitality, a hotel operator in the Nordics, with 13 Aiden by Best Western hotels in its portfolio, announced the launch of an AI-powered holographic front desk avatar.
Both companies will experiment with new technologies during the five-year strategic partnership after Coca-Cola makes a $1.1 billion commitment to the Microsoft Cloud
Select Samsung refrigerators will use artificial intelligence to help consumers manage their food inventory, place grocery orders through the refrigerator’s screen and receive those groceries via same-day delivery through Instacart.
Next day delivery and click and collect orders in the 14 days to Christmas rose 10% compared to last year, while The Perfume Shop’s tie-up with Deliveroo accounted for £100,000 in sales.
Last Friday marked a new chapter for The Athlete’s Foot in Indonesia as PT MAP Aktif Adiperkasa opened three stores with a performance running concept powered by Volumental’s 3D foot scanning technology.
The retailer is in the midst of rolling out new next-generation store technology, including new point-of-sale (POS) hardware and software, as well as upgrading its stores’ WiFi and network bandwidth.
As it celebrates 15 years, Kura Sushi USA Inc is currently implementing across all locations a QR-scan plate system that provides real-time consumption analytics, ensuring operational efficiency with precise demand forecasting.
Californian regional grocer The Save Mart Companies will leverage grocery technology company Instacart’s in-store and e-commerce solutions as part of their expanded partnership.
Darden Restaurants, the parent company of LongHorn Steakhouse and Olive Garden, will begin rolling out a new point-of-sale system to drive speedier orders, reduce training time and strengthen its data and insight capabilities at nine brands.
Pets at Home has completely transformed its business with the launch of a new, company-wide digital platform, whilst also becoming an early adopter of Microsoft’s genAI agents.
Mondelez International, the snack giant that manufactures Oreos and Chips Ahoy, is using artificial intelligence to create delicious new recipes and move them to market at lightning speed.
Newell Brands, much like other CPGs, faced a critical juncture. The company had to choose between clinging to the embers of outdated technology, and facing a mountain of tech debt, or fueling the fires of innovation with modernized operations to stay ahead in a competitive marketplace. This year, the company took the jump to innovation.
According to Foodtastic/Second Cup Canada vice president Tom Hogan, the existing point-of-sale (POS) technology that most of his company’s brands were using was just not up to the job.
Mars is no stranger to innovation. In the past year alone, the company has unveiled seaweed-based sustainable packaging, generative AI-powered product development, advanced computer modeling to expedite testing and prototyping, and more.
Big players in the restaurant industry, including The Captain’s Boil, Foodtastic and BarBurrito, have fueled their growth by leveraging multiple products in the Givex tech ecosystem
