Infor expands MENA footprint with new warehouse management solution deployment
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion Nestle sets up IT center in India as part of digital focus The new IT center will enable it to provide IT services to its entities in over 45 countries across Asia, Oceania, and Africa and to complement its network of IT hubs around the globe. Read More>> Roquette to open Innovation Center in Lower Gwynedd The 23,000-square-foot, state-of-the-art facility will serve as an innovation hub for the company’s team members across the globe and is expected to open in summer 2022. Read More>>Partnerships Abudawood deploys Infor warehouse management system Infor WMS will help maximize the utilization of pick locations through expedited demand replenishment while streamlining picking processes. Read More>> Walmart invests in Indian agriculture platform to support Flipkart The investment of USD 145 Mn from Flipkart and Walmart will help support Ninjacart’s efforts to organize millions of Indian agricultural value chain participants, including farmers, resellers, retailers, consumers, and supply chain partners. Read More>>Mergers and Acquisitions Hershey completes acquisition of Dot’s Pretzels, and Pretzels Inc. The addition of Dot’s Pretzels accelerates Hershey’s snacking powerhouse vision by adding to its portfolio the fastest-growing scale U.S. pretzel brand, representing 55 percent of the pretzel category’s growth during the past year. Acquiring Pretzels Inc. also brings the pretzel manufacturing capability in-house to ensure the continued growth of Dot’s and expertise to drive future snacking innovations. Read More>>Executive Movement General Mills names Doug Martin Chief Brand and Disruptive Growth Officer Martin will continue to report to Dana McNabb, chief strategy and growth officer, and oversee the company’s global brand building capability and its emergent business innovation. Read More>> Kimberly-Clark Professional appoints new president The company announced the appointment of Ehab Abou-Oaf as the president of Kimberly-Clark Professional, effective 1 January 2022. Abou-Oaf is an experienced professional, who spent nineteen years with Mars, Inc in several senior management roles before joining Kimberly-Clark. Read More>>
Latest Industry Insights from Draup Braindesk
Braindesk Insights for Retail Vertical:
Retail players are concentrating on the implementation of emerging technologies to simplify the store operations and enhance the shopping experience.
The Home Depot has introduced augmented reality capabilities to its app and mobile web. The feature helps lift engagement and conversion as consumers spend more time shopping on their phones.
eBay launched an AI App where customers can begin the process of selling a car by taking a picture of the vehicle’s license plate, which will automatically pull up information on the car, such as make, VIN, and model.
Asda has installed 3D holographic signs in the store’s bakery department to advertise products and inform customers how to use its Scan & Go technology. Its Stevenage store has electronic shelf labels and an automated parcel service for click-and-collect shoppers
Retail players have shifted their focus on providing real-time alerts to help drivers to make them safe and have increased usage of autonomous robots to automate the task within the warehouse
Amazon introduced AI-powered video cameras in delivery vans, which would improve the safety of both drivers and the communities in which they deliver. The technology will provide drivers with real-time alerts to help them stay safe when they are on the road
Nordstorm Inc partnered with Tompkins Robotics to develop a parcel-sorting solution called t-Sort Plus. It uses autonomous robots that travel the shortest route possible to grab boxes and deliver them to the appropriate destination
Starbucks partnered with ‘Microsoft’ to use blockchain technology to improve the visibility of its supply chain and track its coffee journey, which will be showcased to the end consumers
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Key Funding Alert
Impossible Foods Raises USD 2 Bn, Becomes Fastest Growing Plant-Based Meat Company
With USD 500 Mn in its latest funding round., the brand has now overtaken its 10 leading competitors – combined. The latest round of funding allows them further to accelerate their product innovation and global expansion efforts as they continue to leverage the power of the food system to satisfy consumers and fight climate change. Read More>>
Startup Spotlight
Company – Grailed Total Funding – USD 76.5 Mn About: Grailed is a curated e-commerce marketplace for men’s clothing. Its goal is to provide an interactive and educational meeting ground where fashion enthusiasts can buy and sell their unique pieces. The company was founded in 2013 and is headquartered in New York. Read More>>
Latest Reports Published in Draup
The Estee Lauder Companies Account Intelligence Report: Estee Lauder opened an experience center in Shanghai to provide an omnichannel shop for its customers and implemented the interactive store design, touch screens, and mobile interfaces to create engagements between digital devices and physical products. Read More>>
Molson Coors Beverage Company Account Intelligence Report: Molson Coors Beverage Company focuses on portfolio expansion to concentrate on growth and market share. They are focused on product management to expand beyond the beer aisle with a new slate of non-alcoholic products and to reach more consumers. Read More>>
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