Counterfeit goods—illegitimately made or adulterated consumer goods—are the bane of the luxury goods marketplace. By some estimates, the business of trading in fakes is worth about a quarter of the global annual luxury goods industry. About 40 percent of counterfeit...
More than 90 percent of the world’s retailers are investing in visibility platforms that leverage RFID technology and IoT to deliver vital insights. A recent study that compared metrics between barcode-scanned data against data captured from RFID tags came to these...
The supply chain is one of the most visible beneficiaries of digital technology. Currently, 87 percent of all manufacturing companies have either already adopted or are in the process of deploying a digital strategy to improve supply chain visibility, and IoT is the...
IoT is changing the retail landscape in many significant ways. It changes the way consumers shop, and it has completely transformed the way stores do business, from how they serve their customers to how they do business overall. Some of the advantages to retail IoT...
As retail technology advances, forward-thinking retailers are racing to implement new efficiencies that will both streamline their business processes and provide their customers with convenience, value, and more reasons to choose their store over the competition....
Before we talk about the Omni-Channel success, let's talk about the biggest challenge faced by retailers today that is how to meet the consumer’s desire for a seamless, consistent buying experience, regardless of how they decide to make a purchase. Take this scenario...
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