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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November 9, 2015 7:26 AM
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Five E-Grocery trends around the world via @orckestra

Five E-Grocery trends around the world via @orckestra | WHY IT MATTERS: Digital Transformation | Scoop.it
Here are five important trends that will affect the American online grocery market in the next five years. From in-store mobile to personalized real-time offers and contactless payment, the future of grocery is all about convenience and options.
Farid Mheir's insight:

A review of 5 trends in egrocery shopping which could also apply to any retailer.

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November 1, 2015 6:57 AM
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2015 #eCommerce Survey shows 78% retailers plan for unified platform by 2020

2015 #eCommerce Survey shows 78% retailers plan for unified platform by 2020 | WHY IT MATTERS: Digital Transformation | Scoop.it

Customers expect a personalized, seamless brand experience across digital and physical commerce touch points and unified commerce is key to delivering this experience. This is the new mantra in retail, according to the 2015 E-Commerce Survey, 43% of the respondents indicated that a consistent brand experience across channels is one of their top commerce priorities.

“Retailers realize that that they can no longer operate from within silos, and the convergence of digital and physical commerce is now a retail imperative,” said Brian Brunk, principal, Boston Retail Partners.

Boston Retail Partners’ 2015 E-Commerce Survey of top North American retailers offers insights into retailers’ current e-commerce initiatives, priorities, and future trends as the retail industry continues its transformation into the digital world.

Key findings in the 2015 E-Commerce Benchmark Survey include:

> Improving the customer experience is the top priority – 43% of retailers indicating that a consistent brand experience across channels is essential

> A unified commerce platform is critical – 78% of retailers will have a unified commerce platform implemented within 5 years

> Mobilizing commerce remains a high priority – 45% of retailers indicated that mobile websites are their most important e-commerce capability

> Payment options and security are essential – 63% of retailers plan to accept Apple Pay within 2 years

> E-commerce continues to expand – 85% of retailers expect an increase in 2016 e-commerce website revenue

Farid Mheir's insight:

A recent survey on the eCommerce intentions of retailers in the short to mid term.

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October 30, 2015 7:22 AM
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Canada Post embracing e-commerce with modern pickup centres via @RCEQ

Canada Post embracing e-commerce with modern pickup centres via @RCEQ | WHY IT MATTERS: Digital Transformation | Scoop.it
The post office’s new parcel centres put it on the front lines of the battle to compete in a digital age
Farid Mheir's insight:

Not sure this thing will work but let's give them an A for effort.

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September 4, 2015 6:16 AM
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#Food #Delivery #Startups Overextended As They Try To Grow Their Geographic Footprint

#Food #Delivery #Startups Overextended As They Try To Grow Their Geographic Footprint | WHY IT MATTERS: Digital Transformation | Scoop.it
After Good Eggs scaled back to just one city, how many other food-delivery startups might be overextended as they try to "land and expand"?
Farid Mheir's insight:

Same day delivery and especially food delivery have become very popular in past year. This post provides data on their growth and geo footprint.


In a similar note, Amazon is starting 1-hour booze delivery offer in Seattle: http://recode.net/2015/08/25/amazon-will-bring-you-booze-in-one-hour-starting-in-seattle/


WHY THIS IS IMPORTANT

It appears to me like a money loosing business but it startup growth and financing in this field shows that we may be in "land grab" mode. 

For me, I am in a wait and see mode to evaluate if they ever are going to make money.

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August 18, 2015 6:54 AM
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How Walmart.com differentiates from Amazon: a comparison of 2 #ecommerce giants

How Walmart.com differentiates from Amazon: a comparison of 2 #ecommerce giants | WHY IT MATTERS: Digital Transformation | Scoop.it

Even for a $260 billion commerce giant like Walmart, Amazon is a foe best not approached head-on. Instead, Walmart has crafted an e-commerce strategy that’s decidedly un-Amazon: Walmart isn’t hung up on people buying things online.

Farid Mheir's insight:

Interesting stat: "every 100 milliseconds in delay costs Amazon them 1 percent in sales". 


Read the rest of the article for more.

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August 14, 2015 7:29 AM
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#eCommerce #behingthescenes: The strange world of dark stores via @bbc

#eCommerce #behingthescenes: The strange world of dark stores via @bbc | WHY IT MATTERS: Digital Transformation | Scoop.it
‘Dark stores’ are the massive facilities behind online commerce – but members of the public aren’t allowed in. How do they work? Chris Baraniuk finds out on a behind-the-scenes tour.
Farid Mheir's insight:

A behind the scene description of what it takes to fulfill grocery orders.

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July 30, 2015 8:22 AM
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Retail #Ecommerce Sales in Canada to Rise by Double Digits Through 2019

Retail #Ecommerce Sales in Canada to Rise by Double Digits Through 2019 | WHY IT MATTERS: Digital Transformation | Scoop.it
Retail ecommerce sales in Canada will reach C$29.63 billion ($26.83 billion) this year, eMarketer estimates, an increase of 16.8% over 2014 spending levels. Double-digit sales increases are expected through at least 2019. That year, ecommerce sales in the country will near C$50 billion ($45.28 billion).
Farid Mheir's insight:

Useful data on eCommerce


WHY THIS IS IMPORTANT?

eCommerce will account for 8.8% of all sales in 2020: that leaves a *lot* of room for late adopters to get started and take their place in the virtual world.

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July 21, 2015 5:39 AM
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Google finally reveals plans to let you buy things directly from #search results #social

Google finally reveals plans to let you buy things directly from #search results #social | WHY IT MATTERS: Digital Transformation | Scoop.it
Google is adding a feature that lets you purchase items through search results.
Farid Mheir's insight:

Facebook also is adding "buy" button. Social commerce is finally here.


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July 11, 2015 7:42 AM
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Things That Work More Often Than Not in #eCommerce websites

Things That Work More Often Than Not in #eCommerce websites | WHY IT MATTERS: Digital Transformation | Scoop.it

Nothing is universal. But there are certain things that work more often than not in a/b testing.

Farid Mheir's insight:

11 tips to improve conversion in eCommerce websites. Based on actual research and data.


WHY THIS IS IMPORTANT

We build eCommerce sites to sell stuff and we are still learning what works and what does not, the equivalent of "aisle end caps" or placing products at eye level in a traditional store. This is useful for anyone building an eCommerce website.

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June 25, 2015 3:44 PM
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How We Built an Ecommerce Business from Scratch and Generated $922.16 in Revenue in 3 Days via @Shopify

How We Built an Ecommerce Business from Scratch and Generated $922.16 in Revenue in 3 Days via @Shopify | WHY IT MATTERS: Digital Transformation | Scoop.it
It all started with a challenge – build an ecommerce business from scratch and see how many sales we could generate in three days.
And that's exactly what we did. 
In this case study you’ll learn step-by-step, exactly how we decided on a product to sell, sourced a supplier, and sold nearly a $1,000 worth of product in just a few short days.

WIN THIS BUSINESS: Click through to read the blog post for your chance to win this business plus 6 months free of Shopify Professional Plan. 
Farid Mheir's insight:

Brilliant idea form shopify: build a new eCommerce business from scratch and show everyone what you did and how you did it.


WHY THIS IS IMPORTANT

Everyone in large corporation must look at this to understand how easy it is to start an eCommerce business. If you don't others will because the investment is so limited. Also notice that the issue is not with technology anymore but rather it is with what every traditional business must deal with on a daily basis: building a brand name and promoting the product and service.

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June 20, 2015 7:08 AM
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Home Depot sees eCommerce as essential marketing tool - even with single digit conversion rates via @NRF

Home Depot sees eCommerce as essential marketing tool - even with single digit conversion rates via @NRF | WHY IT MATTERS: Digital Transformation | Scoop.it
For the most part, our conversion rates are in the low single digits … but that doesn’t mean that the experience for the other 96 percent wasn’t hugely important in terms of driving that sale in the store. No question, dot-com has been a successful sales vehicle — it grew over 50 percent in 2013 and it’s been growing at roughly a 40 percent clip in 2014. Still, the value extends beyond the sales numbers because it enables a lot of other activity that ultimately takes place in the stores.
Farid Mheir's insight:

Home Depot has been doing eCommerce for a while and realizes it has become essential to drive traffic to stores.


WHY THIS IS IMPORTANT

Companies that stay away from eCommerce because sales are not yet meaningful in their industry (grocery, furniture, etc.) may be missing out on bringing more people to their stores and improving their experience, branding, etc.

In short: you've got to to do eCommerce, whatever industry you are in.

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June 15, 2015 6:36 AM
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You Can Now Sell on Pinterest with Buyable Pins via @Shopify

You Can Now Sell on Pinterest with Buyable Pins via @Shopify | WHY IT MATTERS: Digital Transformation | Scoop.it
A blog about ecommerce marketing, running an online business and updates to Shopify's ecommerce community.
Farid Mheir's insight:

I don't report on news items, as they tend not to age gracefully. However I report on news announcements that can have a  profound impact and this is one: shopify allows you to sell your products on pinterest. 


WHY THIS IS IMPORTANT

Pinterest becomes your own crowdsourced catalogue where millions of people assemble products into meaningful visual browsable curated categories. Your catalog then becomes a repository of products: pinterest becomes your marketing social network. HUGE.

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April 10, 2015 7:33 AM
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Domino's is an e-commerce company that sells pizza- technology innovation or marketing stunt?

Domino's is an e-commerce company that sells pizza- technology innovation or marketing stunt? | WHY IT MATTERS: Digital Transformation | Scoop.it
Domino's, which has had a history of smart tech innovation, has launched ordering through many different platforms, from smartphones to smartwatches to smart TVs. More than a third of its employees now work in tech and IT, the biggest department at the company's world HQ in Ann Arbor, Michigan. And just like a tech company, Domino's isn't afraid to fail. “We’re starting to think of ourselves as an e-commerce company that sells pizza. So we can take a few more risks and lean forward a little more
Farid Mheir's insight:

Not sure where I stand on whether this is for real or just fancy marketing. But reading that they have over 200 people focussed on technology innovation makes me think this is for real. So what does it mean for other fast food chains and retailers?...

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April 8, 2015 8:56 AM
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Out of Toilet Paper? Amazon subscribe & save to the Rescue!

Out of Toilet Paper? Amazon subscribe & save to the Rescue! | WHY IT MATTERS: Digital Transformation | Scoop.it
Amazon’s Subscribe & Save
Farid Mheir's insight:

Auto replenishment sounds like a great idea. This data provides some isights on how people are actually using the service and its popularity - although it dates back to 2011. Grocers and CPC should take notice...


Also see

- Amazon subscribe & save auto replenishment solution http://sco.lt/7hBku1

- Amazon Dash button announcement

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April 7, 2015 8:00 AM
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Amazon’s Dash Button Is Not a Hoax, It’s Phase One

Amazon’s Dash Button Is Not a Hoax, It’s Phase One | WHY IT MATTERS: Digital Transformation | Scoop.it
Amazon's Dash Button is the first step in automating how, when and where you shop online.
Farid Mheir's insight:

Not sure this is the right thing - I can't imagine having 1500 of these buttons around the house - but would make sense say in a business environment for seldom ordered products that you are not sure needs to order them. I am thinking about printer ink cartridges or some lubricant in a machine shop.


Fits perfectly with Amazon subscribe & save auto replenishment solution http://sco.lt/7hBku1

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April 6, 2015 9:46 AM
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Amazon Subscribe & Save gives 15% discount: the future of #ecommerce?

Amazon Subscribe & Save gives 15% discount: the future of #ecommerce? | WHY IT MATTERS: Digital Transformation | Scoop.it
  • Save up to 15% on your entire order when you receive 5 or more subscriptions on your delivery day in the same calendar month at the same address
  • Receive free shipping on every Subscribe & Save shipment that arrives by your delivery day
  • There are no commitments, obligations, or additional fees and you can cancel at any time
  • Pay only when the item is shipped
Farid Mheir's insight:

amazon has been offering this service since 2011 with little fanfare. Why is this service not standard in every eCommerce website?

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March 23, 2015 8:35 AM
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Attack costly online grocery errors with an Integrated Pick and Pack e-commerce application

Attack costly online grocery errors with an Integrated Pick and Pack e-commerce application | WHY IT MATTERS: Digital Transformation | Scoop.it
Grocery may be B2C but it couldn’t be more different than retail, especially for online shopping. Grocers wanting their piece of the pie in this era of connected consumers need solutions. Unique solutions for very complex backend logistics.
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March 20, 2015 8:24 AM
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How E-Plus Gruppe & Canadian Tire merge physical and digital selling via @NRF @OneCommerce

How E-Plus Gruppe & Canadian Tire merge physical and digital selling via @NRF @OneCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it
European telecom company merges physical and digital selling.
Farid Mheir's insight:

The article has little to offer in terms of "how" they did it other than state their use of OneCommerce which is a Hybris partner solution for in-store commerce and mobile. Interesting case study nevertheless.


Worth mentioning that Canadian Tire also has acquired One Commerce.

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March 16, 2015 7:16 AM
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How E-Commerce Is Finally Disrupting The $600 Billion-A-Year Grocery Industry

How E-Commerce Is Finally Disrupting The $600 Billion-A-Year Grocery Industry | WHY IT MATTERS: Digital Transformation | Scoop.it
Around 25% of millennials said they would pay a premium for same-day delivery.
Farid Mheir's insight:

Grocery eCommerce is small but may be in line to disrupt a huge industry?

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March 15, 2015 8:09 AM
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Food Tech Media Startup Funding, M&A and Partnerships: January 2015 | Food + Tech Connect

Food Tech Media Startup Funding, M&A and Partnerships: January 2015 | Food + Tech Connect | WHY IT MATTERS: Digital Transformation | Scoop.it
The new year kicked off with over $525 million pouring into the food tech and media sector through four acquisitions and twelve capital raises
Farid Mheir's insight:

Innovation landscape in the "traditional, slow paced" food industry may be about to change... no?

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March 9, 2015 5:05 PM
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Grocery shopping might be less painful with this smart cart via @gigaom

Grocery shopping might be less painful with this smart cart via @gigaom | WHY IT MATTERS: Digital Transformation | Scoop.it
Cambridge Consultants, a product development group based in the U.K., is showing off a connected shopping cart that can tell a retailer where you are in a store within three feet. The smart carts are equipped with Bluetooth radios and sensors to track the cart’s location so store owners can offer promotions and eliminate checkout…
Farid Mheir's insight:

Not everyone has a mobile phone when they shop groceries but everyone pushes a cart. So having a connected cart - especially if it costs only 7.60$ to retrofit - makes perfect sense, no?

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October 31, 2014 9:48 PM
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'Reverse Showrooming': Bricks-And-Mortar Retailers Are Fighting Back Against Amazon And Others

'Reverse Showrooming': Bricks-And-Mortar Retailers Are Fighting Back Against Amazon And Others | WHY IT MATTERS: Digital Transformation | Scoop.it
Retailers are catching on to the 'reverse showrooming' trend.
Farid Mheir's insight:

a new buzzword, reverse showrooming....

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October 25, 2014 2:27 PM
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Special report urging Quebec business to get #eCommerce going via @LesAffaires @RCEQ on their new website

Special report urging Quebec business to get #eCommerce going via @LesAffaires @RCEQ on their new website | WHY IT MATTERS: Digital Transformation | Scoop.it
Farid Mheir's insight:

(in french) eCommerce is picking up speed in Quebec. Les Affaires journal has just released a special issue on the topic, urging retailers to get going with eCommerce. And if you look closely you may find a few quotes from yours truly in some of the articles... ;-)


Direct link to the PDF : http://bit.ly/1tyT78z 

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October 18, 2014 5:57 PM
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Digital enables Variable Pricing Models to maximize profit via @Spinnakr

Digital enables Variable Pricing Models to maximize profit via @Spinnakr | WHY IT MATTERS: Digital Transformation | Scoop.it

Most people are familiar with the way that hotel and airline pricing models work, in that during times of higher travel the costs increase due to demand. This is one type of variable payment model, known as time-based pricing, which has been successfully used for years. But with so much success in the travel industry, why hasn’t this variable pricing model been applied to other industries like technology? The answer is that is has, but you may have not even noticed it because it is used in a number of different ways. Dropbox is known for their leading edge pricing models that have propelled their success, but are these variable pricing models the new norm for technology companies?

Farid Mheir's insight:

We know what variable pricing is when we fill our car with gasoline: the price is never the same and varies hour by hour. What triggers that change? Often we don't know. This article gives a good overview of the variable pricing with a striking example for a GE microwave where it tracks the price across amazon, best buy, and sears during a single day, and observes as many as 9 price changes.


Variable pricing is difficult to implement manually but with digital the opportunities are endless. It requires your costs to be well understood and advance algorithms that make decisions automatically based on parameters you determine (time of day, interest for a product, inventory or prices are competitor's site, etc.). The transformation it requires may be profound, but can deliver amazing results.

Jean-Marie Grange's comment, October 20, 2014 9:56 AM
Dynamic pricing will also follow the personalization trend... In the digital world, when you know your customer, what usage he is doing of your service (like the Dropbox example) what he has bought in the past, and at what price, you can tailor a personalized offer and price that will be appealing.
Jean-Marie Grange's curator insight, October 20, 2014 10:06 AM

Dynamic pricing will also follow the personalization trend... In the digital world, when you know your customer, what usage he is doing of your service (like the Dropbox example) what he has bought in the past, and at what price, you can tailor a personalized offer and price that will be appealing.

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October 4, 2014 9:53 AM
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Walmart Grocery Pickup Test Opens in Northwest Arkansas #video

Walmart Grocery Pickup Test Opens in Northwest Arkansas #video | WHY IT MATTERS: Digital Transformation | Scoop.it
Walmart began testing Walmart Pickup – Grocery, a new same-day pick up concept, September 29. The retailer continues to explore new ways to make shopping faster and more convenient by integrating its digital and physical assets.
Farid Mheir's insight:

The 2min video shows how the pickup service works. Very popular in France already with 2500+ locations, the jury is still out to see whether this will work in North America...


http://sco.lt/7u16nJ

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Curated by Farid Mheir
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