Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services, tells this week’s Video Forum about how generative artificial intelligence will alter the retail and CPG industries. Among the topics Honaman addresses are the distinctions between artificial intelligence, machine learning and generative AI; how the new technology fits in with traditional data analytics capabilities; and potential use cases.
NACDS Leaders: Pharmacy is a catalyst for change and innovation, and NACDS TSE is where it happens.
Walmart commissioned Morning Consult to conduct a survey of more than 2,200 U.S. shoppers.
WASHINGTON – Data released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, National Retail Federation chief economist Jack Kleinhenz said. “The path of household spending remains difficult to read,” Kleinhenz said.
U.S. online retail sales will reach $1.2 trillion in 2024, up nearly 10% from last year, according to FTI Consulting’s 2024 Online Retail Report. The firm’s Retail & Consumer Products practice, which conducted analysis for the report, expects U.S. e-commerce sales to account for 22.
"We have an opportunity to further expand the presence and strength of the largest CPG brand in the store: private brands."
This is the first in a series of videos that will present highlights from the event. Here are excerpts from remarks by keynote speaker Rina Shah, senior vice president of pharmacy growth at Walgreens.
FMI's findings indicate that consumers leverage various strategies to maximize their purchasing power, such as hunting for discounts, choosing store brands, and mixing ready-made foods with home-cooked dishes.
