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How IoT is transforming the retail industry?

The retail industry is continuously adopting the newest technologies; the Internet of Things is one of them. Also, it is said that the internet of things in the retail industry will transform the lives of customers as well as retailers.

As of now, retailers are taking the support of IoT to enhance supply chain management, improve the checkout process, track assets, etc.On the other side, customers are able to make better buying decisions due to these new technologies.

Here, we have conducted research and found some various common ways IoT will transform the retail industry.

10 IoT Use Cases in the Retail Industry


Several essential use cases of IoT in the retail industry.
1. Customer Satisfaction Monitoring

Various retailers have started utilizing the IoT technology to enhance the experience of the customers. You can also include IoT sensors or dashboard to get direct customer feedback after their purchase.

Moreover, the deeper a store knows the desires of its customers, the more exciting items a store can present to its customers. Ultimately, it helps a store to offer more value to customers and enhance sales.

2. Smart Shelves for Inventory & Supply Chain Management

Various small to medium-scale retail store owners use IoT to enhance their inventory management. Due to this, employees don't need to inquire about stock & product kept in shelves now & then.

You can also integrate smart shelves in your store to get quick notifications & updates about the sales levels.

3. Capturing Photos of Barcodes

Barcodes have become essential to provide in-depth information about any product. One of the latest examples of this is PUMA, the world's leading sportswear manufacturer collaborated with EVRYTHNG to enable customers in the New York flagship store to capture photos of barcodes present in the shoes to obtain more details regarding every shoe.

4. Automated Checkout

Various customers don't like to wait in a big waiting line at your retail store. To resolve this, you need to hire more employees and integrate various systems, which is pricey.

To get over this, you can use a machine that does the work of a checkout cashier. Also, this checkout system verifies all the items with the customer and deducts the total as soon as the customer leaves the store.

To know the complete list of IoT use-cases in the retail industry, click here.
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Times are definitely changing. Today, more people than ever before want to be their own boss and take control of their future. Thanks to the internet, this is a goal that is more accessible than it has ever been in the past. If you are ready to join the ranks of entrepreneurs across the country and world by opening your own e-commerce business, you better make sure you set yourself up for success. Today, the competition is high. This means you have to start out strong or risk being lost in the abyss of unsuccessful e-commerce sites lost on page two of Google search. If you want to win the day with your new e-commerce business, you are in the right place. Some tips that will help you with this goal can be found below. The Start of Your E-Commerce Venture When thinking about what you can do to build a successful e-commerce business, you likely have many ideas. You know you need an amazing website, great customer support, amazing images of what you have to sell, and a killer unique selling proposition. While each of these things on their own is equally important, your challenge is to make sure they work together. After all, this is what will separate successful e-commerce businesses from those that fade into the darkness. As you work to create the perfect store, you may lose sight of what’s even more important. What will fuel your new store is the sales you make. This is what needs to be at the heart of your e-commerce efforts. You need to take steps to bring more traffic to your store. This is done with e-commerce marketing. The right marketing efforts bring sales, and sales will result in more traffic. You must also make sales before you can start offering customer support to people who are shopping and before you can figure out the unique voice of your brand. If sales are not made, your store is finished before you have even gotten off the ground. Building a Strong Foundation When you embark on your new business venture, you will have a lot of big ideas. Now is the time to put aside these ambitions and focus on the practical aspect of this process. This means a simple way to sell your products online. Choosing a basic store template from a reputable platform for e-commerce stores is essential. Remember that being embarrassed by the first version of what you have to sell is a right of passage. If you aren’t embarrassed, you are doing something wrong. Your goal should be to launch as fast as possible and then begin developing new ways to generate sales with e-commerce marketing. Eventually, this will help you find ways to improve other aspects of the business. Make sure to have insurance quotes for each of your products and parts of your business. Finding the Right Products to Sell If you are new to the e-commerce landscape, you may wonder what type of items you should sell. This is one of the top reasons why so many people never move forward with their e-commerce business plans. You must keep a strategic mindset when trying to find one item or several that will sell. Try not to be generic. There are too many successful stores selling “just books” or “just jewelry.” Choose more specific, niche items that will appeal to a certain audience. This may take time to figure out, but brainstorming and finding something that is unique to your store will help you set your business up for success. Creating a Successful E-Commerce Business When building an e-commerce business, you need to take the right steps. With the information above, you will be on your way to success with your new entrepreneurial venture. Keep this in mind and ensure you don’t make a misstep that may cost you the business you have worked so hard to create. Being informed will help ensure your business has the best chance of success in this competitive landscape.
로봇시장의 강자들을 아시나요?
산업용 로봇은 인공지능(AI), 사물인터넷(loT) 등과 함께 4차 산업혁명을 이끄는 주력 분야다. 일본 기업들은 글로벌 산업용 로봇 시장의 60% 이상을 차지하고 있는데, 세계 4대 기업에 일본이 2개나 포함돼 있다. 빅4 중 최고 기술력을 가진 기업이 화낙(Fanuc)이다. 화낙은 Fuji Automatic NUmerical Control의 영어 약자다. 산업용 로봇과 공작기기용 CNC(컴퓨터 수치 제어) 장치에서 세계 최고의 점유율을 자랑한다. 직원의 3분의 1이 연구원이라는 것도 강점이다. 또 다른 일본 기업은 야스카와전기(安川電機)로, 이 회사는 산업용 로봇팔을 주로 제작한다. 일본 최초로 완전전동식 산업용 로봇 ‘모토맨’(MOTOMAN)을 출시했고, 일본 산업용 로봇 업체로는 처음으로 중국에 전용 공장을 개설했다. 스위스에 본사를 두고 있는 ABB와 독일에 본부를 둔 KUKA는 다국적 기업이다. ABB는 다국적 기업의 전형적인 예로, 100개국 이상 국가에 진출해 있다. 2015년 독일 산업용 로봇 메이커 곰텍(Gomtec)을 인수해 규모를 키웠다. 산업용 로봇 점유율 세계 2위인 KUKA는 중국 기업의 자회사다. 2016년 중국 가전기업 메이디(Midea Group)가 인수했다. 일본에는 화낙, 야스카와전기 이외에 미츠비시전기, 카와사키중공업, 후지코시(不二越), 야마하 발동기(ヤマハ発動機) 엡손(EPSON), 오므론(Omron) 등 쟁쟁한 산업용 로봇 회사들이 포진해 있다. 이중 오므론은 ‘스마트 팩토리 기술’을 구축하기 위해 미국 산업용 로봇회사 어댑트 테크놀로지(Adept Technologies, inc.)를 인수해 화제가 됐다. <뉴스팀> (기사 더보기 http://www.japanoll.com/ ) 저작권자 © 재팬올 무단전재 및 재배포 금지 뉴스팀 재팬올(japanoll) 출처 : 재팬올(http://www.japanoll.com)
Free Retail Inventory Software - How Important Is It?
Every business or entrepreneur also knows that the success of a business depends on the quality of the documentation and the updating of its inventory. This is why some people even take the time to close their stores just to get the physical number of their current inventory. Closing a store even on off-peak days means losing sales and profits. However, companies should do this because knowing the number of stocks gives a clear idea of which products will be sold, when, which products will not be sold at all, and which products are most effective for the business. I know this is important. store. Not another store. Basically, you will get an idea of what your consumers are thinking, and knowing all this, you will be able to replenish the products sold, especially in high season. You can put your investment to good use, you can stop investing in products that aren't sold at all, and you can get moving. From a product that is not sold in one region to another that is sold. This means that items can be taken off the shelves more often. Plus, if people know they can get what they want from your store, they'll keep coming back. Manual inventory worked for years and years, but today people live in a fast-paced world and everything they need is available everywhere. Simply put, you have to move fast, and you can't just waste your day collecting your inventory. People today also have fleeting loyalty. That is, when you can't get anything from your store, they move to another store. It is the curse of mass production. With all of that in mind, you need to equip your business with something that will help you move up quickly, get data quickly, and update it when it happens. This is the main reason why retail inventory software is needed. Free retail inventory software updates inventory in real-time. That is, the store inventory and the main database are also updated as each sales transaction is completed. You can also see this data (of the store you want to see) without having to go there. This means that you don't have to close the store just to count the stock. Also, since the stock sells out quickly, we can respond more quickly. Retail inventory software can do this digitally, allowing you to quickly move inventory from one store to another without having to print and send multiple documents. Retail Inventory Software is the answer for scanning inventory, tracking stores and warehouses, and getting up to date sales quickly without missing out on possible sales.
9 Reasons to Use Custom Boxes in Business
Do you ever think why custom boxes are becoming more popular day by day? It has many benefits and hidden reasons that expert retailers won’t reveal. The packaging says a complete short story of the product that you can utilize for different purposes. There are many reasons for using custom boxes in your business but some of the reasons are listed below: Custom Boxes Reduces Your Expenses Custom boxes are made with perfect shape and size. When you want to ship products to your customers you don’t have to worry about empty space in the box and buy some material to cover it. In this way, the custom box reduces your expenses. Custom Boxes Saves Your Precious Time Searching for a box that fits and assures the safety of your product until delivered is really hard in a short time. You should be prepared for these kinds of situations with your custom packaging. All you have to do is pick up a box that fits according to the size of the product. Custom Boxes Are Suitable For Unusual Shapes Many of the products that are mostly handmade have an unusual shape as compared to industry products produced in bulk quantity. For these types of products custom boxes with your own customization in shape and size would be the best to wrap them. These boxes not only secure your product but also enhance the beauty of packaging. Best for Printing Brand Logo If you want to add your brand logo you can’t do this on bulk boxes available in simple colors at different websites. You can request your custom packaging provider to add your brand logo to create a professional look and make your brand remember able. Custom Boxes Leaves a Professional Look Delivery your item to your clients in wonderful custom boxes will make your business look more expert than utilizing plain boxes or reusing old ones. You need to ensure your clients will keep up their trust in your image when they get their request. Custom Boxes Will Help You to Stand Out Of Crowd You definitely realize that it is so critical to stand apart from your rivals. Very much structured custom boxes will assist you with getting the eyes of your clients, and you can be certain that they won't overlook your business. As you choose unique boxes for your brand it will create a unique identity of yours. Great Unboxing Experience for Brand Awareness Have you known about unboxing? Truly, numerous individuals appreciate watching recordings of other unpacking items they have bought. Presently, in the event that one of these items is yours, and your logo is imprinted on a delightful custom box, it will assist raise with marking mindfulness. Custom Boxes Can Be Fully Personalized Custom boxes can be completely customized with the textures, pictures, and messages of your decision. It implies you can include data about your item and about your business outside of your custom boxes and within them too. You can add color scheme of your own choice. You can select the paper quality that will represent your brand quality among customers. Custom Boxes Supports Green Packaging Obviously, cardboard boxes can be reused. You can turn used boxes into different shapes and use them to either store or display at your home. Yet, on the off chance that your custom boxes are alluring to your clients, possibly they will need to reuse them. They could utilize them as capacity boxes, or they could envelop a blessing by them for another person. If you deal with a great boxes manufacturer company it can help you in introducing an attractive product packaging to your consumers. This is another simple method to build brand mindfulness!
Digital Transformation in Retail: Why Are Tech Collaborations Important?
Speak to the innovators, tech enthusiasts, and business owners hailing from different industries and you will hear them speak one word with a lot of fervour and enthusiasm – “Digital Transformation”. Apart from being a buzzword, it has also been a phenomenon which is often defined vaguely with its distorted nuances. However, the simplest way to understand this phenomenon of change is – As and when the technology reshapes itself, all the businesses need to adapt to in order to keep ahead of their competitors. Today, we will talk about digital transformation in the retail sector. Perhaps, no other industry is as affected by customer demand as much as retail. Irrespective of their location, the customers want immediate and effortless shopping experiences. Amazon Go is one of the biggest and best examples of today’s disruptive retail environment. Now, this paradigm shifts in retail business driven by expectations of customers is also giving birth to new retailer-supplier relationships. The Purpose of Retailer-Supplier Relationships Partnerships between retailers and suppliers is meant to serve customers in a better way while bringing retail transformation. Also, retailers can unlock the potential of data science and transformative solutions to create better business models. A few years ago, technology was utilized by the retailers to stand out from competitors or to demonstrate that they’re offering something new. However, those days are gone. Technology is not just a utility anymore. In fact, it is one of the most essential elements when it comes to bringing strategic digital transformation in retail products as well as operations. How Are Retailers Transforming? Talking about technologies, let’s take Artificial Intelligence for example. AI has the potential to understand, reason, learn and help in solving problems as well as making decisions. Thanks to the advancements in cloud technologies, AI, and other enterprise-based software, retailers are able to transform their operations and get a fresh perspective of conducting business. Now, although technology helps retailers to make successful digital transformation, real accomplishment can be achieved when there is collaboration and strategic planning between two businesses. Retailers usually have in-depth know-how about their industry. That knowledge, when combined with technical knowledge of the supplier, can convert into the most sustainable relationship. Partnerships You Must Know About Microsoft – the tech giant has gotten into a strategic partnership with Marks & Spencer and Walgreens Boots Alliance, which are the two best high street mainstays in the UK. Marks & Spencer’s Chief Executive Steve Rowe strives to craft a “digital-first” business model and wishes to make the most out of Microsoft’s AI capabilities in order to implement an operation which is just right for the modern needs of customers. The merger of these companies will bring about substantial retail digital transformation by creating new business models. Have You Chosen Your Technology Partner? If you own a retail business, it is time for you to ask this question to yourself. By choosing the right partner, and getting into collaborative business relationships, you can carve the success story you have always strived for. Gateway Digital offers real-time digital capabilities to all the retail pioneers aiming for customer excellence. We will help you offer convenience to your customers by bridging physical as well as digital shopping experiences through cloud, analytics, e-commerce, AI and mobility solutions. If you believe in enhancing your customer base through customer centricity, look no further and drop an email to connect@thegatewaydigital.com now!
Menthol Cigarette Market Trends 2020 | Industry Growth, Share, Size, Demand and Future Scope 2025 | IMARC Group
According to the latest report by IMARC Group, titled "Menthol Cigarette Market Trends: Global Industry, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global menthol cigarette market is currently witnessing stable growth. Menthol is a naturally occurring substance that is extracted from plants, such as peppermint, spearmint or corn mint. It can also be produced synthetically and is widely used as a flavoring agent in numerous products, such as candies, syrups and chocolates. It is also used in cigarettes for triggering the cold-sensitive nerves present in the skin. Characterized by a refreshing flavor and anesthetic effect, it is primarily added to the tobacco to yield a cooling sensation in the mouth and throat of the users. The use of menthol cigarettes decreases the cough reflexes of the users while offering a soothing effect to the dry throat feeling. These cigarettes reduce the overall harshness of the smoke, owing to which they are gaining widespread preference, especially among the young and new smokers. Request for a free sample copy of this report: https://www.imarcgroup.com/menthol-cigarette-market/requestsample Global Menthol Cigarette Market: The global market is primarily driven by a significant increase in the number of smokers across the globe. Rapid urbanization, long working hours and hectic schedules of the majority of the working professionals have led them to consume cigarettes more frequently to combat stress issues. In line with this, there has been a considerable increase in the number of female and young smokers, which is also contributing to the market growth. Moreover, owing to aggressive promotional campaigns by numerous manufacturers, there is a common misconception among the masses that menthol cigarettes are healthier alternatives to the commonly consumed cigarettes, which is propelling their demand. However, the consumption of these cigarettes poses similar health risks, often leading to a higher level of nicotine addiction. The advent of single and double capsule variants is further acting as a major growth-inducing factor. These cigarettes contain capsule(s) around the top of the filter that is required to be crushed, when needed, for releasing the additional menthol flavor. This allows the users to adjust the flavor of the cigarette as per their choice and preference, thereby contributing to their widespread popularity. Some of the other factors contributing to the market growth include the advent of low-tar cigarettes and the popularity of ultra-slim variants among female users. On account of the aforementioned factors, the market is anticipated to register a CAGR of around 3% during 2020-2025. Breakup by Capsule Type: Single Capsule Menthol Cigarette Double Capsule Menthol Cigarette Breakup by End-User: Male Female Breakup by Size: King Size 100s Others Breakup by Distribution Channel: Supermarkets Hypermarkets Online Retailers Others Breakup by Region: North America Asia Pacific Europe Latin America Middle East and Africa Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being Alfred Dunhill Ltd., Altria Group Inc., British American Tobacco, China National Tobacco Corporation, Commonwealth Brands Inc., Essentra Plc, Imperial Brands Plc, Japan Tobacco Inc., KT&G Corporation, Liggett Group LLC, Lorillard Tobacco Company, Philip Morris International Inc., etc. For more information about this report visit: https://www.imarcgroup.com/menthol-cigarette-market About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US: IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group