If Walmart, which continues to invest heavily in artificial intelligence and other advanced technology, saw the need to join forces with OpenAI, it’s likely other major retailers that intend to maintain their standing in the marketplace will follow suit.
David Pinto looks at the five major changes in the mass retail market and what we did to reflect those changes
Across income levels, shoppers are making deliberate trade-offs — trading restaurants for home cooking, premium brands for store brands, and full-price retailers for discount grocers.
Thom Blischok argues that independent grocers can successfully compete with the big chains by leaning into their strengths.
Wellness is also redefining product innovation. Functional foods and beverages are booming, from probiotic yogurts to protein-infused waters and “mental wellness” drinks designed to improve mood or focus.
OpenAI — whose ChatGPT first brought the revolution in artificial intelligence to widespread public attention — upped the ante for retailers and CPG companies late last month with the launch of Instant Checkout, a tool that enables users to purchase products without leaving the platform.
David Pinto looks at the worldwide reach of mass retailing
Lori Zumwinkle examines the new opportunities for retailers this upcoming holiday season
By Joanna Rangarajan, Michael Prendergast and Sanjay Srikanth
By Parag Shah | Co-Founder & Partner, Think Blue Consulting. Data courtesy: NielsenIQ (NIQ).
