NEW DATA: Five Ways Social Distancing Is Transforming Retail

  • “COVID-19 has driven consumers indoors — and online. Consumers are 30.6 percent more likely to make their purchases online in 2020 than they were in 2019
  • consumers who report using their mobile devices to enhance their in-store experiences having increased from 49.6 percent to 72.1 percent during the last year.

To learn more about how the new year, and all-new circumstances, have transformed consumer spending habits, download the report”

https://www.google.com/amp/s/www.pymnts.com/news/ecommerce/2020/remote-payments-retail-covid-19-social-distancing/amp/

3 industries that won’t exist in 20 years

“The insurance, transportation, and retail industries will either not exist in 20 years or will have changed completely due to artificial intelligence (AI), innovation, and other factors, according to Dave Jordan, global head, consulting and services integration at Tata Consultancy Services (TCS).”

https://www.google.com/amp/s/www.techrepublic.com/google-amp/article/3-industries-that-wont-exist-in-20-years/

Robots Take Retail

    • “Walmart is building its robot army as well, and according to this ABI Research release, the company deployed 350 systems for inventory management across its stores in 2019 alone. That’s an average of roughly one robot for each store.
    • By 2025, more than 150,000 mobile robots will be deployed in brick-and-mortar retail establishments, according to an estimation by ABI Research.
    • If installed in all of Amazon’s 55 US fulfillment centers, they could replace more than 1,300 employees
    • And the study found that 64 percent of employees surveyed said they trust a robot more than their manager, with half turning to a robot instead of a supervisor for advice”

    https://www.google.com/amp/s/www.forbes.com/sites/gregpetro/2020/01/10/robots-take-retail/amp/

    Retailers Are Getting Smarter About Artificial Intelligence

    “But the team at Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. ‘Mystore-E cares deeply about the future of … shopping,’ said CEO Asaf Shapira. “Our goal is to create a personalized shopping experience that benefits retail stores, while also catering to customers’ wants, needs and style preferences.'”

    https://www.google.com/amp/s/www.pymnts.com/news/retail/2019/retailers-getting-smarter-about-artificial-intelligence/amp/


    MyStore-E

    https://mystore-e.com