WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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How tech will revolutionize #retail via @McKinsey is a realistic viewpoint on the "late follower" mentality of most retailers with a constant focus of the bottom line #realityCheck

How tech will revolutionize #retail via @McKinsey is a realistic viewpoint on the "late follower" mentality of most retailers with a constant focus of the bottom line #realityCheck | WHY IT MATTERS: Digital Transformation | Scoop.it

The retailer of the future will harness the power of data, quantum computing, artificial intelligence, and augmented reality, says serial entrepreneur and technology expert John Straw.

Farid Mheir's insight:

WHY IT MATTERS: warning! this article is not about your typical "robots will rule retail" or "everything has to be AI driven unless you die". Well, in some parts it is.

The reality check that retailers - and their technology vendors - must make is: retail is difficult, focused on the bottom line, with no appetite for innovation with short term results. Retail innovators must find a way to experiment while staying focussed on the bottom line.

Best quote: "‘I think the majority of the problems come from the unwillingness, perhaps the fear, of investing in something that
doesn’t automatically bring a load of cash onto your balance sheet."

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How confortable are humans with #robots? well it depends, and this list ranks 70 robotic solutions from smartphones to drones to self-checkout in #retail via @myplanet

How confortable are humans with #robots? well it depends, and this list ranks 70 robotic solutions from smartphones to drones to self-checkout in #retail via @myplanet | WHY IT MATTERS: Digital Transformation | Scoop.it

A comprehensive survey designed to surface consumer comfort levels with new and emerging technologies.

Farid Mheir's insight:

WHY IT MATTERS: the scores and the ranking is not important. This list is meaningful because it shows just how broad and deep the automation has become in retail stores. Expect to see a lot of those in your local shopping destination.

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Alibaba Unveils New #Manufacturing #Digital #Factory that enables small-batch orders through automation & robotics

Alibaba Unveils New #Manufacturing #Digital #Factory that enables small-batch orders through automation & robotics | WHY IT MATTERS: Digital Transformation | Scoop.it

At an early stage, apparel was identified as the starting point for Xunxi – a sector in which the lengthy production cycles and high inventory levels have long been a problem for small and large players alike. Powered by new technologies such as real-time resourcing, process and cost planning, automated in-house logistics and Xunxi’s manufacturing operating system, the factory is able to produce small-batch orders at reasonable costs and with shorter delivery times, consequently increasing manufacturing efficiency from 25% to an average of 55%.

Farid Mheir's insight:

WHY IT MATTERS: this is a huge step forward and a sign of the times: manufacturing automation. Fueled by digital, automation, and robots, this enables production of smaller batches economically. When this is rolled out at full scale - I assume it still requires development and lots of tweaking - we can expect retailers to shorten the time from idea to production. with eCommerce, it enables the make-to-order that was made popular by Dell computers in the late 1990s: onl;y build the computer when an order has been placed. Expand this idea to t-shirts and you can see why this new Alibaba production facility is so important...

Joanna Joy Fieldings's curator insight, October 3, 2020 4:21 PM
I think that new technologies are what can propel businesses to more successful odds. 
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RETAILING 2020–2030 reaffirms that #retailRevolution is based on new business models and technologies #AI #Personalization #DTC #popupStores - note: this is #pre-covid - via @Forbes @IBM @Schmetail

RETAILING 2020–2030 reaffirms that #retailRevolution is based on new business models and technologies #AI #Personalization #DTC #popupStores - note: this is #pre-covid - via @Forbes @IBM @Schmetail | WHY IT MATTERS: Digital Transformation | Scoop.it

Here are my top six trends:

1-Niche Rich: Continued Customer Segmentation Refinement

2-Digital Meets Physical: Balancing Convenience and Connection

3-Sustainability: Casting a Very Long Shadow

4-New Formats: The Next Marketplaces, More DTC Brands

5-The Linchpin: Data and Technology

6-Mall Fall: Department Store Degradation and Mall Seizure

Farid Mheir's insight:

WHY IT MATTERS: an article that summarizes many of the important trends of the retail transformation. Important note: this is pre-covid....

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3 technologies will help recover from #covid-19 crisis:  manufacturing automation, shipment tracking, delivery robots

3 technologies will help recover from #covid-19 crisis:  manufacturing automation, shipment tracking, delivery robots | WHY IT MATTERS: Digital Transformation | Scoop.it

The coronavirus outbreak will continue to propel funding, acquisitions, partnerships, and experimentation by brands and retailers as they are forced to grapple with global supply challenges posed by our increasingly interdependent world.

Regardless of the coronavirus’s impact on the global economy, we will surely face a similar situation in the future; brands, retailers, and their supply chains will need to be prepared.

Farid Mheir's insight:

WHY IT MATTERS: once we get over the health crisis, we will need to address the economic crisis. Key supply chain technologies will offer retailers and manufacturers solutions to reduce cost and their dependency on global trade fluctuations.

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Are #robots that follow pickers in warehouse is the future of work for the #retail industry? Productivity + Accuracy are selling points - may also help fight the labour shortage for menial tasks

Are #robots that follow pickers in warehouse is the future of work for the #retail industry? Productivity + Accuracy are selling points - may also help fight the labour shortage for menial tasks | WHY IT MATTERS: Digital Transformation | Scoop.it

Workers can pick 2x-3x faster with near-100% accuracy and less labor, delivering higher productivity and a better workplace.

Farid Mheir's insight:

WHY IT MATTERS:  robots are leaving the factory floor to enter the workplace. First stop, warehouses. This new generation of autonomous robots can carry orders from one place to another, navigating against the human and robot traffic.

See this video that I shot at NRF2020: youtube.com

See this article I wrote about this (french): e-marketing.fr

See this article on these robots: ailatech.com

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Retail 2030 from @CBRE suggests 42 trends that may shape the #futureOfRetail- as expected #AI #technology #robots play a big part but so do changes in consumer habits and environment conciousness H...

Retail 2030 from @CBRE suggests 42 trends that may shape the #futureOfRetail- as expected #AI #technology #robots play a big part but so do changes in consumer habits and environment conciousness H... | WHY IT MATTERS: Digital Transformation | Scoop.it

The retail industry is rewriting the laws of physics. Change is coming at an ever faster rate each year and 2030 will be upon us before we know it. Explore the world in 2030 and the future of retail 2030.  

Farid Mheir's insight:

WHY IT MATTERS: the report is not available for free but the 42 slide summary is a great overview of key trends that are presented with observations and outcome.

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Video of the inside of Ocado's robotic warehouse where thousands of robots pack groceries #retail #robots

Ocado's new warehouse has thousands of robots zooming around a grid system to pack groceries. The thousands of robots can process 65,000 orders every week. They communicate on a 4G network to avoid bumping into each other. Is this the future of retail?

Farid Mheir's insight:

WHY IT MATTERS: this videos shows the inside of the new Ocado warehouse in UK. This warehouse is making its way top Canada, with Sobeys opening one soon: http://fmcs.digital/blog/u-k-s-ocado-taps-into-canadas-online-grocery-market-with-sobeys-tie-up-is-canada-mature-enough-to-have-automated-grocery-fulfillment-centers-ecommerce-robots/ 

Kodilla's curator insight, October 31, 2018 10:47 AM
This is the future of the retail industry, robots are so much more efficient and they don't need a paycheck
 
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How customer demands are reshaping last-mile delivery via @McKinsey

How customer demands are reshaping last-mile delivery via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

The last mile is seeing disruption from new business models that address customer demand for ever-faster delivery, as well as new technologies such as drones and autonomous ground vehicles.

Farid Mheir's insight:

WHY IT MATTERS: delivery is the last problem to solve to continue ecommerce growth. McKinsey explores the different delivery models for the last mile in this article.

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