Albertsons to leverage AI-powered food optimization technology to streamline supply-chain processes
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion Tesco Urban Fulfilment Centre to open at city center store With many such centers to launch, Tesco’s large stores will fulfill online orders using automated technology in an area entirely separate from the customer store, making it more convenient for the customers. Read More>>Deals Arrow Electronics signs agreement with VAST Data in Europe Arrow Electronics has become a distribution partner for VAST Data, a storage software infrastructure company. With VAST Data, customers of Arrow Electronics can realize the benefits of an all-flash data center without the usual cost barriers. Read More>>Partnerships Albertsons to deploy AI-powered food waste-reduction tech chainwide The technology will allow grocers to determine how much of a fruit or vegetable to order by crunching various data points reflecting store-level customer demand. Read More>> Kroger supplier Ocado unveils new robots and software From lightweight robots to hi-tech van routing systems, British online supermarket Ocado unveiled a suite of innovations to automate the picking and packing of customer orders directly from the grid. Read More>> Flipkart signs MoU with IIT-Delhi for research in social commerce As part of the MoU, Foundation for Innovation and Technology Transfer (FITT) will develop hands-on prototypes and publish research papers related to social commerce, product recommendation to resellers, and consumer product exploration journey, in collaboration with the teams at Flipkart. Read More>>Mergers and Acquisitions Ingram Micro strengthens its cloud platform with the acquisition of Keenondots The acquisition brings new and powerful end-to-end automation capabilities to the CloudBlue platform, with ready-made integrations designed to simplify and accelerate customers’ transition to an Everything-as-a-Service business. Read More>> Parklands agrees to buy frozen retailer M&M Food Market The acquisition represents one of the multiple steps Parkland takes in its retail diversification strategy to expand its proprietary food offer, customer reach, and innovation pipeline. Read More>>Executive Movement Wayfair selects Walmart veteran as new CTO The e-commerce company named Fiona Tan as its new chief technology officer, who joined the company in 2020 as Global Head of Customer and Supplier. Tan steps into the CTO role with more than 25 years of experience leading technology teams, including six years in executive leadership roles at Walmart overseeing technology and engineering. Read More>> Stitch Fix names Sachin Dhawan as the new Chief Technology Officer Dhawan’s arrival comes amid employee turnover at Stitch Fix in the last few years, most notably the departure of founder Katrina Lake last year as CEO. Read More>>
Latest Industry Insights from Draup Braindesk
Digitization of Retail:
Carrefour S.A has partnered with TPS to implement digital signage screens within Carrefour hypermarkets. This enables advertisers to book campaigns to show personalized content and track results easily.
Alibaba integrated its Tmall Genie smart speakers with Starbucks’ platform for voice ordering to develop Starbuck’s branded version of smart speaker & enhance customer engagement.
Best Buy collaborated with Bastian Solutions, coupled with AutoStore-a bin storage system in which bins are stacked vertically in a grid and retrieved by robots that travel on the top layer of the system to overhaul its distribution centers.
A.S. Watson Group partnered with IAM Robotics to launch Swift robots that combine product piece picking with full warehouse mobility, thereby automating tasks within the warehouse without human assistance.
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Key Funding Alert
Walmart invests USD 400 Mn in California start-up
Walmart Inc is investing in indoor vertical farm Plenty as part of a USD 400 Mn funding round, and it will be buying leafy greens from the company for its stores in California. The investment in the San Francisco start-up, which grows leafy greens under banks of lights, is one of the biggest in the indoor farming business. Read More>>
Startup Spotlight
Company – Supersmart Total Funding – USD 10 Mn About: Israel-based Supersmart uses its proprietary machine-learning, AI algorithm to validate all self-scanning transactions in physical stores. The platform enables retailers to confidently provide self-scanning options to their customers, enhancing customer experience without sacrificing potential loss. Read More>>
Latest Reports Published in Draup
Walgreens Account Intelligence Report: With continues focus on health care development, Walgreens develops village medicals, in-network pharmacies, and home collection kits for patients who receive comprehensive primary care from physicians alongside convenient pharmacy services. Read More>>
Macy’s Account Intelligence Report: Macy’s strengthens its retail business by launching new brands for the latest exclusive collection that inspire confidence, personal style, and trend-based dressing. With the focus on digital payment solutions, Macy’s offers seamless alternative payment solutions to customers with financial control and convenience . Read More>>
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