Here are the recent happenings in the Retail and Consumer Tech world as of Nov 12, 2024:
The vending machine market is set for a significant boost, with projections indicating a growth of USD 17.73 billion from 2024 to 2028. This surge is primarily due to the rising demand for cashless transactions and smart machine innovations. Technavio reports that AI integration is key to this transformation, enhancing customer interaction and operational efficiency source.
In e-commerce, the online grocery sector is witnessing an unprecedented boom, expected to grow by USD 1.65 trillion in the same period. This expansion is fueled by increased e-commerce adoption and AI’s role in shaping market trends source.
Meanwhile, the impact of Gen AI on the labor market has become a focal point in industry discussions. Harvard Business Review highlights how these technologies are not only altering job roles but also creating new opportunities for skilled professionals source.
In corporate news, Nestlé and PepsiCo have been recognized as leaders in the 2024 Top 100 Consumer Goods Companies, demonstrating robust brand strategies and market adaptability source.
Retail strategies are also evolving with technology integration. Walmart has introduced a new NFC-based system to combat retail theft, ensuring product security while improving customer access source.
On the industry front, CES announced that registration for the 2024-2025 Global Top Brands Awards is now open, inviting companies to showcase their brand strength in this prestigious event source.
Innovations in 5G technology are set to revolutionize retail, with Trend Hunter showcasing a new 5G retail technology that promises to enhance customer experience and operational efficiencies source.
Lastly, the influence of social media continues to dominate consumer behavior, with the most popular platforms driving brand interactions and marketing strategies source.
Brought to you in collaboration by the teams at EVOA Digital, CPG Cloud Partners, and Red Stapler. This article was initiated using AI technology provided by Apple and OpenAI. Contact us to learn more!
