?? Groceryshop Countdown: 12 Days to Go! ?? We're excited to announce that Art S. and Jeff Baskin from NexChapter will attend Groceryshop 2024! ?? Whether you’re looking to discuss the latest in retail media, e-commerce, loyalty programs, or generative AI, this is your chance to connect with us in person! ?? Want to meet up? Let’s schedule some time to dive into the future of grocery and convenience retail. Reach out now to lock in a meeting?? See you in Vegas! ?? #Groceryshop2024 #RetailInnovation #NexChapter #MeetUp
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This year’s Groceryshop took a step back from flashy tech buzzwords and returned to what matters most: accurate, actionable data. ?? From leveraging AI to power personalized experiences to mastering inflation-driven challenges, the focus was clear—data is key to retail’s success. Companies like VusionGroup, Diebold Nixdorf, Brain Corp, Guac, and Instacart are leading the charge with cutting-edge solutions that optimize both in-store experiences and operational efficiency. Learn how the industry is navigating change, embracing innovation, and preparing for a bright future in this exclusive recap! ?? Read Now: https://bit.ly/3NBtAKs #Groceryshop2024 #RetailInnovation #AIinRetail #DataDriven #Personalization #CustomerExperience
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Here are the key takeaways for GroceryShop 2024: → Electronic Shelf Labels (ESLs): are evolving, offering dynamic pricing and colourful displays to attract customers and reduce waste → Computer Vision: gaining popularity in tracking customer behaviour, inventory, and shrinkage, with new applications in monitoring shopping patterns and preventing theft → Instacart's Shift: transforming from a delivery service to a tech-driven grocery partner, focusing on enabling customer access across channels Read this article for more: https://lnkd.in/gMG8r8t7 #AI #retailtech #grocery #foodtrends
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?? News: ?? ?? Start with the Cart: How Grocers and AI are Transforming the Customer Journey ???? In today's rapidly evolving retail landscape, technology is the name of the game. A recent survey by Instacart and GroceryDive's studioID reveals some eye-opening insights into how artificial intelligence -AI- is set to revolutionize the grocery shopping experience. Spoiler alert: Smart carts are taking center stage! Here are a few jaw-dropping stats from the survey to munch on: - ?? --60% of respondents-- believe smart carts will be the most impactful AI application in grocery retail. - ?? On peak days, smart carts have processed --over 10% of in-store sales-- at a Schnucks store. - ??? --85% of respondents-- said smart carts’ ability to generate revenue through targeted digital ads influenced their decision to implement them. The Caper Cart by Instacart, an AI-powered smart cart, seamlessly blends online and in-store shopping experiences. Think personalized deals, seamless item scanning, and a checkout process smoother than your morning coffee. We'd love to hear your thoughts on this tech-savvy shake-up! Drop us a comment below and share your insights. And hey, don't forget to follow Bernier Group for more updates on how digital transformation is shaping the future of retail! ?? #Hospitality #Ecommerce #Retail #Commerce #Manufacturing #Logistics #Strategy #Innovation #Business #ArtificialIntelligence #AnniQ https://lnkd.in/e9qPWbeW
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Usage of AI by grocery shoppers, next steps for ?? grocery stores, McDonald’s extended meals, and more. Those are some interesting news from the last week in the retail & grocery world ??. Source: NRF, SupermarketNews #Kimbino #RetailNews #Retail #RetailInsights #RetailStrategy #OnlineDeals #BestDeals #OnlineShopping #ConsumerTrends #ShoppingBehavior #OnlineShopping #Checkout #Ecommerce
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Last year at Groceryshop the key themes were AI and Retail Media. What do you think the themes will be this year? I'm looking for innovation around these four areas: 1) Automation: Particularly, AI powered process automation. These capabilities are just coming into the grocery industry but the impact is going to be significant. Process automation delivers not only labor savings but also increased effectiveness. Look for companies like Birdzi, Inc. for business process automation. 2. Unified data: As I wrote about in my latest book, Bionic Retail, leading companies are (finally) breaking down the data & application silos and creating a unified data foundation. This is critically important as that foundation speeds the deployment of new AI capabilities. And speed is increasingly important as we accelerate up and out the exponential growth curve of technology. Digital Wave Technology is focused on helping retailers solve this challenge and they are growing fast. 3. Next-generation Health & Wellness: On average, people spend about half their lives in less than good health, 12% of their lives in poor health (McKinsey). Six out of every 10 adults have a chronic health condition; 4 out of 10 have two or more chronic conditions. As a country we simply cannot continue to afford this level of poor health. Grocery retailers can be a big part of the solution, leveraging data and tech to guide each individual customer to foods that are beneficial to them. Look to solutions like Sifter Solutions and Birdzi, Inc. tech to power this kind of capability. 4. Digital Shopper Engagement: eCommerce and Omnichannel are yesterday's news. Retailers today should be focused on growing comprehensive digital engagement with all their shoppers. This fusion of digital and physical retail is already being pursued by the largest retailers and many traditional grocers are having to play catch-up. Look for solution providers that get this and are working to deliver a superior user experience and meld digital and physical experiences together. Check out how Homesome is thinking about this and some of the new products they've developed to bring digital into the store. I'll be at the MorningNewsBeat Happy Hour Tuesday 10/8, 6-8pm at the Border Grill - stop by and say hello! Groceryshop Center for Advancing Retail & Technology (CART) Birdzi, Inc. Sifter Solutions Digital Wave Technology Homesome #supermarket #grocery #retail #innovation #AI #transformation #disruption #technology #CPG #FMCG
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The future of grocery retail? Navigating digital and in-store trends???to unify commerce experiences for consumers. ? In a world where shoppers demand both convenience and cost-effectiveness, balancing rapid delivery with in-store shopping is crucial. While online shopping may be more efficient, in-store purchases still drive greater margins, and offer new experiences for consumers. ? In my latest article for Forbes, I explore how grocery retailers are blending digital innovations—like AI and AR—with in-store experiences to meet these challenges. ?? Read on to discover how this approach is reshaping the industry! ? ??https://lnkd.in/epaN-BGy ? ?#GroceryTech #RetailInnovation #DigitalTransformation #InStoreExperience #UnlockChannelGrowth
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Retail is not just about "experiences" in 2024—it's about connected experiences, says #RetailMediaSummit keynote Jessica Hendrix, EVP and CMO of Hy-Vee, Inc.. And that's where #retailmedia comes in—expanding the relationship between shopper and retailer to also include brand advertisers. As a regional chain, Hy-Vee has always been deeply integrated into communities, offering regional insights beyond national chains. Demonstrating the evolution of experiences, Hy-Vee has installed food courts in stores (inspired by Eataly)—Chinese, Italian, and American fare. Shoppers have shown time and again they will spend more money at a location if they connect to the experience. Capturing shopper attention is harder than ever, but delivering relevancy is about diving deeper into the shopper data—beyond demos to psychographics and behaviors. Also, kid influence is much stronger now with parent shoppers than in the past. But there are challenges in measuring relevance—what did the shopper communicate all the way to the register? Biggest trends for the next 12 months: ? In-store media will become more important. ? Brands/agencies will build centers of excellence to maximize their retail media spend/campaigns. ? Value of 1st-party data will continue to evolve. And the big question going forward: how will AI fit more specifically into #retailmedia? How will it become integrated into our needs? Path to Purchase Institute
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Well stated?Barry Wetmore! At a pure monetary level, abandonment is no different than revenue leakage.?It’s money you had in hand and lost.??Metrical, Inc. helps our customers not just prevent that revenue loss but also increases revenue for them over time. If you don't believe me then please read what our partner Brooks Brothers has to say. #ecommerce #retailtech #ai #customerloyalty #conversion https://lnkd.in/dbWG4Qwy
Most e-tailers are aware of cart abandonment drivers. Yet do they know that commercial AI/ML models can predict -- in real-time -- that a specific shopper with a specific cart at a specific moment can prevent that cart from joining that most tragic eCom statistic (over 70% of carts are abandoned)? Brooks Brothers, DICK'S Sporting Goods, JCPenney, and others have broken the code! And are now being rewarded generously with compelling upside revenue and loyalty retention. Metrical, Inc. Everyone could use a few extra million$ this year, I reckon. #ecommerce #shoppermarketing, #shopperexperience, #ecommercemarketing, #shoppingexperience #retailtech
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Check out this great post by Barry Wetmore! Anyone can take advantage of the AI/ML predictive models that Metrical, Inc. provides. Don't settle for the average 70% cart abandonment rate, break the cycle and see what Metrical, Inc. could do for your business!
Most e-tailers are aware of cart abandonment drivers. Yet do they know that commercial AI/ML models can predict -- in real-time -- that a specific shopper with a specific cart at a specific moment can prevent that cart from joining that most tragic eCom statistic (over 70% of carts are abandoned)? Brooks Brothers, DICK'S Sporting Goods, JCPenney, and others have broken the code! And are now being rewarded generously with compelling upside revenue and loyalty retention. Metrical, Inc. Everyone could use a few extra million$ this year, I reckon. #ecommerce #shoppermarketing, #shopperexperience, #ecommercemarketing, #shoppingexperience #retailtech
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Revolutionizing retail: The future of cashierless shopping is here with Reckon.ai! Absolutely thrilled to announce that Reckon.ai has been recognized as one of the Top 50 Retail Tech Innovators and will be showcased at the National Retail Federation 2025 Innovators Showcase! The NRF Big Show, hosted by the National Retail Federation, is the world’s premier retail conference and expo. It unites thousands of industry professionals to explore cutting-edge trends, technologies, and strategies. This honor reflects the relentless dedication and innovation of the team as we transform the cashierless, grab-and-go market. Our amazing customers like Unilever, Lekkerland Deutschland, REWE Group, Compass Group, EG Group, Carrefour, Jerónimo Martins any many more, know why they trust our operating system ??. As an investor and advisor on this journey, I am filled with pride and gratitude for Ana Pinto and Paulo Ribeiro the visionary co-founders, and the entire Reckon.ai team. Their commitment to creating a trustworthy, seamless, and AI-driven retail experience is inspiring, and it’s amazing to witness the positive impact they’re making in the industry. Come visit our booth at #NRF25BigShow to see how we’re redefining the future of retail. Let’s keep pushing boundaries together! #NRF25BigShow #RetailInnovation #RetailTech #Cashierless #GrabAndGo #AI #MachineLearning #RetailTransformation #FutureOfRetail #RetailExperience #TechInnovation #RetailTrends #UnattendedRetail #SmartRetail #ReckonAI #Top50Innovators #RetailAutomation #DigitalTransformation #RetailSolutions #AIinRetail #vending #grabandgo #saas #retail #foodtech #ai
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Grocery and Retail @ Upside
2 个月See y'all there!