Shoppers Stop inks tech deal with Accenture to accelerate digital commerce initiatives

Key Insights and Signals in Retail and Consumer Goods

Centre setup and Expansion
Danone-Aqua opens Bali’s largest waste management facility
The facility has the capacity to process 120 tons of used plastic bottles and organic waste per day, turning the former into raw materials for new plastic bottles and the latter for compost or fuel. Read More>>
Snapdeal opens 130 new distribution hubs across India
The expanded network is designed to cater to the surge in demand ahead of the festive season starting in India from early October. In addition, Snapdeal has augmented its logistics network in Jammu & Kashmir and in the North-East. The new hubs are located in areas where there is either growing buyer demand or higher seller concentration. Read More>>
PepsiCo to invest USD 64 Mn in expanding Uruguay soft drink plant
The expansion would include upgraded production rooms, an extension of water waste treatment, and the plant’s footprint to manage its manufacturing facilities. Read More>>

Deals and Deal Renewal
Accenture wins tech deal from Shoppers Stop
Shoppers Stop has selected Accenture to strengthen its digital platform, powered by real-time data and analytics across the value chain from customer experience and supply chain operations to sales and last-mile delivery. Read More>>
Cognizant Technology Solutions top IT vendor for Walmart
Cognizant secured this position by winning a contract worth USD 250 Mn. Read More>>

Executive Movement
eBay loses top executive in charge of international
Jae Hyun Lee joined eBay in 2002 and pioneered online cross-border exports from China-based sellers to eBay’s global consumer base, according to his bio on eBay.com. In 2020, Lee received USD 6.7 Mn in total compensation from eBay, down from USD 8.5 Mn in 2019. Read More>>
Nestle’s Suresh Narayanan becomes FMCG industry’s highest-paid CEO
According to Nestle’s annual report for CY2020, Suresh Narayanan earned Rs 17.19 crore as an overall salary during this period. Read More>>
Chinese tech giant JD.com founder Richard Liu to step back from daily business
Chinese e-commerce group JD.com Inc. named its first president Monday, paving the way for founder and Chief Executive Richard Liu to step back from day-to-day business to focus on longer-term strategy and mentoring young managers. Read More>>

Partnerships
eBay announces partnership with US heavy equipment marketplace bidadoo
In the United States, the used Heavy Equipment market is estimated to be between USD 50 Bn and USD 60 Bn. Through this partnership, eBay and bidadoo will meet customers needs by leveraging technology, data and expertise to deliver industry-leading, end-to-end solutions and value. Read More>>
Walmart teams with Instacart in war with Amazon
As part of its effort to provide quick, cheap delivery and compete with Amazon, Walmart recently expanded an alliance with Instacart. Walmart expanded a delivery pilot with Instacart to include parts of New York City, where Walmart doesn’t have stores. Read More>>

Mergers and Acquisition
Vista Outdoor to pay USD 474 Mn to buy Foresight Sports
Foresight Sports is a leading designer and manufacturer of golf performance analysis, entertainment, and game enhancement technologies. The addition of Foresight Sports immediately positions Vista Outdoor as one of the top technology players in the golf industry. Read More>>
888 agrees to acquire William Hill International for £2.2BN
The deal comprises William Hill’s non-US operations, including its UK betting shops. Founded in 1934, William Hill has more than 1,400 retail betting shops across the UK and approximately two million active UK customers online. Read More>>
Gap Inc.’s latest acquisition to solve fitting issues with advanced 3D technology
Through Drapr’s 3D technology, Gap Inc aims to improve the fitting experience for its customers and accelerate the brand’s ongoing digital transformation Read More>>

Latest Industry Insights from Draup Braindesk

Trends: The retail supply chain industry is able to maintain a centralized storage system by leveraging the cloud and is eager to enhance autonomy and automation with RPA and AI-powered solutions.

KEY TRENDS:

Centralized Data Warehouse: Cloud-based SCM1 is leveraging cloud horizontally at the enterprise level, thus enabling retailers to maintain a central data repository by helping them enhance supply chain visibility and streamlining operations

Related Use cases: • Demand-Supply Forecast • Real-time Product Tracking • Automatic Inventory Management

Warehouse Automation: Automated Customer Fulfilment Centers To cater to the high volumes of online orders with precision, high-scale automation has become inevitable for retail companies.

Related Use cases: Automated Guided Vehicles • Picking Robots • Modular Sorters • Shipment Scheduling and Tracking using RPA

Intelligent Modelling: Digital Supply Chain Twin Modelling a supply chain by leveraging digital twin technology with retailers’ own data provides higher accuracy and helps in performance simulation and prediction.

Related Usecases: • Supply Chain Performance Simulation • Intelligent Transportation Planning • Contingency Planning

Centralized Control Towers: Autonomous Supply Chain Autonomous control towers with real-time visibility in the supply chain act as a digital governor of the complex system and helps retailers solve coordination challenges as well as avoid disruptions

Related Use cases: • Autonomous Supply-Demand Matching • Anticipatory Shipping • OTIF2 Optimization • Real-time Supply Chain Modifications

Last-Mile Automation: Delivery Drones/Robots to avoid human errors, manual delays, and facilitate low human contacts; retailers are testing & deploying drones and robots in last-mile deliveries

Related Use cases: • Touchless Delivery • Autonomous Delivery Drones • AI-based Route Optimization

Relevant Platforms:

Cloud Platforms
Information Modelling Tools
RPA Tools
Digital Twin Platform
AI/ML Platforms
AR/VR Devices
IoT Platforms
Drones/Robots

Key Funding Alert

Shopee parent company eyes to raise USD 6.3 Bn in 2021’s biggest equity deal
SEA Ltd, the online gaming and e-commerce firm backed by Tencent Holdings Ltd., is offering 11 million shares. The company has rapidly expanded its market share in e-commerce and gaming during the pandemic, riding hit titles like shooter game Free Fire and its Shopee online shopping app.
Read More>>

Startup Spotlight

Company – Sleepycat
Total Funding – USD 5.07 Mn
About: SleepyCat is an online direct-to-consumer mattress and sleep solutions startup. It offers customized mattresses with orthopedic support and has special gel-infused memory foam to adjust to the body’s contours and absorb the body heat to let customers achieve their sleep goals.
Read More>>

Latest Reports Published in Draup

Koninklijke Ahold Delhaize N.V. Account Intelligence Report: Ahold Delhaize aims to create a thriving AI ecosystem in the Netherlands through strong partnerships that help accelerate the development of AI technology through a combination of initiatives to redefine the retail business ecosystem. Read More>>

Amazon Account Intelligence Report: Amazon made investments to set up fulfillment centers across its footprint regions to introduce robotics and assisting with global scale customer fulfillment, retail, corporate, and technology functions.
Read More>>

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