The industrial internet of things can help breweries be more efficient, trust their data is solid and respond to changes in consumer preference, writes Jason Andersen of Stratus Technologies. Sensors, for example, can protect profitability by anticipating shortages and reducing downtime.
Japan's economy is heating up, but retailers face challenges when it comes to trying to raise prices after almost 20 years of deflation. Some including major retailer Aeon continue to cut prices to stay competitive and appeal to consumers who aren't seeing significant wage growth.
Amazon has added 6,500 temporary jobs at facilities in India in advance of this month's Great Indian Sale, which begins on Saturday. More than 5,500 of the seasonal hires will fill jobs at fulfillment centres and other facilities, while the others will serve in customer service positions, the company said.
CVS Health has promised to stop digitally altering beauty images it creates for its marketing materials in stores, on its website and on social media starting in April. The retailer has also asked that partners including Johnson & Johnson, Revlon and L'Oreal do the same.
Consumers don't think of a retailer's online business as separate from its other operations and retailers can't afford to think that way either, said Scott Emmons, creator of Neiman Marcus' Innovation Lab. He and other panelists at Retail's Big Show talked about the process of digital transformation in retail, a process that requires rethinking everything from the business model to the operational structure.
IBM, Tommy Hilfiger and the Fashion Institute of Technology teamed on a project called Reimagine Retail that uses artificial intelligence and machine learning to speed the creation of new styles and allow for greater personalization. Samples of designs created as part of the project are on display at Retail's Big Show this week.
The US Supreme Court has agreed to hear a case in which the state of South Dakota is seeking to overturn a 1992 Supreme Court decision regarding the collection of sales tax on online purchases. The 1992 decision says online sellers can only be required to collect sales tax in states where they have a physical presence.
KFC Canada created The Bitcoin Bucket and a website where customers can exchange digital currency for a bucket of chicken tenders. The limited-time offer launched last week, and the company is tracking the value of bitcoin on a Facebook Live video.
Siddhant Agarwal is expanding Rupa & Co., the underwear business begun by his grandfather, with international deals, including an agreement with Fruit of the Loom signed last year. The premium and super-premium underwear market in India is on track to grow by 100% in three years.
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