Paul C.

This is spot on for how #AI will very quickly change the #retail industry and how quickly it will happen over the next 3-5 years.

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In today’s retail world, labor strategy is as crucial as ever. But the question remains: Are we using the best data to inform our decisions? In my latest blog, I explore how AI-driven insights are transforming labor management. From cost containment to service levels, understanding shopper behavior and associate engagement is key to driving profitability without sacrificing customer experience. At StrataVision, we’re leveraging advanced computer vision technology to help retailers make smarter, data-informed labor decisions. If you're curious about how AI can enhance your labor strategy and unlock new revenue opportunities, check out the blog here https://lnkd.in/ga9K3xmX.   #RetailAI #LaborStrategy #AIinRetail #CustomerExperience #RetailInnovation #StrataVision

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Walmart are bringing surge pricing to physical retail. At least the infrastructure for it. Is this progress? For the brand, or for the consumer? And what is the impact of this for the whole supply chain. Check out the latest How We Make Things Now podcast from Label Sessions to hear this mug + the more eloquent Helen Page, Josh Nixon and Fuzlin Esau on this and the other innovation news from the week.

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3 Comments

17 years of generative optimization of our respondent market place produces unparalleled accuracy, and time to recommendation. Add "forward looking / voice of the consumer" to your AI strategy. (hint: Historical/ transaction data should be used as verification not prediction in this economy)

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Products That Count just launched the 2024 CPO Insights Report. This is part 4 of our discoveries. How has having an appointed CPO helped your company succeed? Comment below. Read the full report here: https://lnkd.in/gaZcRQN4 #chiefproductofficers #cpoinsightsreport #productsthatcount

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🚀 Exciting News: Introducing Kurve 🚀 Proud to share that Wes Madrigal and JOHN M. CORRIGAN have launched Kurve, a venture-backed startup that's set to revolutionize the way developers interact with data. Kurve is building an AI-powered developer tool that automates data discovery, feature engineering, and interoperability management—transforming raw data into actionable insights at lightning speed. Keep an eye on Kurve as they continue to push the boundaries of what’s possible in AI-driven data discovery! #AI #MachineLearning #Innovation #DataInfrastructure #MLOps #Startup #DataDiscovery #Automation #DataEngineering #Interoperability #DataScience #AItools #Metadata #Ontology

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🔥 Podcast with Andrew Neelon out today. Previously at Bonobos, Interior Define, now Elase. In a world of fluff this guy's content at 1REC is the best retail site expansion thinking in the industry. Just a few insights from this episode: J Curve: When ecommerce opens a brick and mortar store they should actually see sales go DOWN for awhile before they go up. Anti-halo effect first Inverse CAC: ecommerce works as an auction. Cheap to get running. But CAC gets more expensive. Brick and mortar has reverse CAC where it is expensive at first but throughout time becomes cheaper than ecommerce. Friends & Competitors: Don't worry too much about competitors in a market if you believe in your product or even price. Competition signals your customer is there. What Changes At Fifty Stores: The approach changes. Now you have to calculate expected ROI of opening another store in an existing market vs. a totally new market. How do you choose your 2nd store for DTC: First store should be in your HQ. 2nd store you need to know (1) Costs (2) Foot Traffic (3) Expected conversions (4) Average Order Value - from ecommerce sales. Plug the numbers in your P&L, if it checks out go for it. So much more stuff in here and I am going to be dripping it out over the next few weeks. Enjoy this gem.

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3 Comments

In today's competitive marketplace, creating a unique shopping experience is more crucial than ever. Every grocer should consider, "What are the one or two areas where I can excel, and how can I ensure everything else meets the standard?" While this may sound straightforward, it demands extensive shopper and competitive analysis. Columbus Consulting International is here to help if you need assistance defining your Shopper Value Equation. #Grocery #Retail #Consulting #Shopper

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Thanks to the National Retail Federation for featuring Sizeo in their recent blog post. If you are attending The Big Show next week- please visit The Innovators Showcase. You'll get to see me, but also a hand-selected cohort of the most interesting technologies working to transform retail. #thebigshow #inventoryoptimization #retailai #sizeo #NYC

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Walmart and Amazon are leveraging AI and cloud computing to transform the retail landscape, streamlining operations and enhancing customer experiences. This shift underscores the growing importance of AI-driven solutions in optimizing supply chains, personalizing shopping, and improving efficiency. For businesses in the cloud computing and AI sectors, this evolution demonstrates the need to adopt cutting-edge technologies to stay competitive in an increasingly digital world. #PINCommunityAdvocate #ZeroTrustAdvocate #MicrosoftPartner

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Rich Freeman and I share some thoughts on outcome based pricing and how generative AI is shifting how we think about value, packaging and pricing of B2B SaaS. This is the main focus of our work at Ibbaka at present. #pricing #AI #B2B #SaaS #monetization #outcomebasedpricing https://lnkd.in/gbT9VkVE

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1 Comment

The precarious position of CEOs in #retail and #consumer #packagedgoods (CPG) industries stems from the high volatility and rapid changes in consumer behavior. Unlike sectors like automotive or finance, where purchase cycles are longer and more predictable, consumers in retail and CPG make frequent, easily influenced choices. This makes it quickly apparent when a brand is underperforming, and boards are more inclined to replace leadership in hopes of finding someone who can drive the company to the top of its category. The pressure is intensified by stakeholders’ expectations for radical growth, especially when a predecessor achieved success through incremental improvements. New CEOs often face the challenge of balancing strategic renewal with the need for quick results, all while navigating a rapidly shifting consumer landscape. Longevity in these roles hinges not only on having a compelling vision but also on the ability to adapt and execute effectively, seizing the opportunities that change presents. Ultimately, CEOs who consistently deliver value to both consumers and shareholders will be the ones who thrive in these high-risk, high-reward positions!

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How To Assess Product-Market Compatibility, as discussed by a16z & Sequoia Capital. Discover more at https://buff.ly/4bJnqSi Gain insights into determining the fit between your product and the market with expertise from leading venture capital firms. #ProductMarketFit #StartupInsights

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While working with a small specialty distributor, we uncovered that a staggering 36% of their invoices had a negative gross profit over the past year. Imagine this: by eliminating just half of this bad" business, their gross profit would improve by 22.4%. But here's the kicker: If the remaining half were transformed into "good Copy Edit & Post business with a modest 10% gross profit margin, their reported gross profit would skyrocket by over 50%! It's amazing how targeted changes can lead to massive financial improvements. Is your business ready for a transformation? Let's talk about how we can make it happen! 💡 https://lnkd.in/gRcwcyph

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Supply chain management is challenging... enter AI. Altana has achieved unicorn status after raising $200 million in its Series C funding round. Led by the US Innovative Technology Fund and supported by investors like March Capital and Salesforce Ventures, Altana's valuation has climbed to $1 billion. Altana's AI platform provides critical insights into global supply chains, tackling intricate trade, climate, and security challenges. #Innovation #SupplyChain #Unicorns #AI

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