Aditya Birla Fashion and Retail selects Accenture to accelerate its Digital Transformation journey

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
Amazon to open Augusta County distribution facility 
The company will open a one-million-square-foot, non-sortable fulfillment center in Augusta County, creating 500 jobs. The facility at 32 Trader Road in Fishersville will open in spring 2023 and will pick, pack and ship bulky or larger-sized items, such as patio furniture, outdoor equipment, or rugs. Read More>>
Aditya Birla Fashion selects Accenture to speed up its digital shift  
The retailer has chosen to design, develop, and deploy an enterprise resource planning system based on SAP S/4HANA to streamline business processes and improve the visibility and accessibility of data across ABFRL. Read More>>
Addverb gets USD 1 Bn robot order from Reliance Industries 
Reliance Retail picked up a majority stake in the Noida-based robotics startup for USD 132 Mn last month. The startup is an intra-logistics automation solution provider. The robots will be deployed in Reliance Industries (RILs) Jamnagar refinery. Read More>>
Walmart enters partnership to offer GoLocal delivery to small and mid-sized grocers 
The company partnered with last-mile solution provider Cognetry Labs to offer Walmart GoLocal’s network of delivery options to Cognetry’s clients. Cognetry provides e-commerce and fulfillment solutions for independent and mid-sized grocers, and the partnership aims to help more of them add delivery services. Read More>>
DSW parent company invests USD 2 Mn in America’s first black-owned footwear factory in partnership with Dr. D’Wayne Edwards 
The parent company of the renowned shoe retailer DSW Designer Shoe Warehouse will partner with Pensole along with iconic footwear designers. Together with Pensole, Designer Brands and DSW will allow designers to offer new products directly to consumers. Read More>>
Chico’s FAS, Inc. announces strategic technology partnership with fabric, Inc. 
This new technology foundation includes omnichannel Order Management and Inventory Systems to power all forms of commerce across the Company. Beginning a foundational transformation that will enable Chico’s FAS to deliver vastly improved speed-to-market for new initiatives designed to accelerate growth and continue the momentum of all Chico’s FAS brands. Read More>>
Twitter partners Paytm for tips in India 
Through Tips, users can support their favorite creators or small business owners on Twitter by using any Paytm Payment Instrument like Paytm UPI, Paytm Wallet, Paytm Postpaid (buy-now-pay-later), debit and credit cards, and net banking. Read More>>
Mergers and Acquisitions
Polyconcept acquires Spoke Custom Products 
Polyconcept is enthusiastic about the print-on-demand industry, with Spoke Custom Products representing the second such acquisition in less than a year. Read More>>
Quadrifolia Management acquires McKesson’s Austrian Business 
McKesson Corporation sold its Austrian business to Quadrifolia Management GmbH by way of a management buy-out (MBO). The transaction marks another milestone for McKesson to streamline their portfolio and to implement their strategy to exit the European market. Read More>>
Executive Movement
Ikea India appoints Susanne Pulverer as new CEO
Swedish furniture retailer Ikea has appointed Susanne Pulverer as its new and first woman Chief Executive Officer and Chief Sustainability Officer for its India business. Pulverer held the position of group business risk and compliance manager at the Ingka Group. Pulverer, who joined Ikea in 1997, has worked at the company in different roles. Read More>>
Zespri appoints Dario Vegetti as Head of European Supply
Dario has been part of the Zespri team since 2015, initially as a commercial analyst, and he most recently held the role of Supply Chain Manager. Zespri Global Supply plays a critical role in Zespri’s mission of establishing 12 months supply of kiwifruit and delivering sustainable returns to growers. Read More>>

Latest Industry Insights from Draup Braindesk

J. M. Smucker Company Account 
  • J. M. Smucker Company has collaborated with Farmer Connect, which helps build farm-to-consumer traceability solutions for enterprises based on the blockchain-powered IBM Food Trust Platform. It enables consumers to get information on the supply chain and production by scanning the QR code on the bag of coffee using a smartphone.  
  • J. M. Smucker Company has partnered with Farmer Connect to increase transparency and sustainability in agriculture supply chains to leverage IBM’s blockchain technology to trace the coffee beans. Thank My Farmer mobile app allows consumers to trace the product back to beans origin.  

Key Funding Alert raises USD 17 Mn to give e-commerce sites Amazon-level product recommendation muscle’s recommendation engine can be integrated into its customers’ backends by way of an API. It claims that its tech can increase customers’ e-commerce revenue by between 4% and 6% “without needing any sales data at all. Read More>>

Startup Spotlight

Company – Eunimart
Total Funding – USD 700 K
About: Eunimart is a one-stop solution for e-commerce sellers to sell on international marketplaces. They are an end-to-end solution provider for your business. They provide a comprehensive range of advanced services to help merchants meet their goals. Read More>>
Latest Reports Published in Draup
W.W. Grainger Account Intelligence Report: 
TCS is the major outsourcing partner for W.W. Grainger. Consulting & System Integration, Application Development & Maintenance are the major outsourcing segments contributing to ~83% of the total outsourcing engagements. Read More>>
Lowe’s Companies Account Intelligence Report: Lowe’s Companies has ~14 outsourcing partners. Cognizant, ITC Infotech, and Publicis Sapient are the major service providers. Application Development & Maintenance and Consulting & System Integration are the major outsourced segments for Lowe’s Companies. Read More>>
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