To stay relevant and profitable, retailers must focus on offering new and exciting personalised shopping experiences using digital tools.
To bolster their environmental reputation after their sustainability efforts have been deemed performative, many retailers are turning to AI.
In the retail and apparel sectors, its main impact will be around virtual shopping assistants.
A recent survey by Verdict Media shows that 73% of respondents either partially or fully understand Generative AI.
The metaverse may open new connectivity opportunities and transparency in retail company supply chains.
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Blockchain technology’s authenticity is a goldmine for luxury brands grappling with rising volumes of counterfeit products.
AI lacks one essential attribute of human stylists that is often overlooked: empathy.
Reports show that large consumer goods companies are currently using the metaverse and next-generation technologies to focus on digital marketing campaigns.
Using electric robots for deliveries in urban areas reduces the need for large, polluting delivery trucks, allowing retailers to operate more sustainably and efficiently.
Security breaches remain a significant threat to companies even though many have improved their cybersecurity.