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The current state of IoT coupled with the acceleration of 5G suggests that in the near future, everything that can be connected, will be. Moreover, this connectivity-centric future presents an abundance of opportunities for businesses to more efficiently mine data, break supply chain silos, and maximize resources.
This research paper explores the innovative ways future-forward companies are leveraging IoT to strengthen their competitive advantages. Because consumers are demanding the right product at the right place and time more than ever, networks of intelligent devices are being employed to implement immediate replenishment and deliver in-moment information to help both customers and retailers make better decisions.
Published June 2020
Curating stores with a merchandising mix that is tailored to the local consumer market and updated on a regular basis.Real Time Inventory
Advancing the merchandising process by implementing next-gen technologies that allow for accurate real-time inventory, staffing, distribution and delivery adjustments as well as consumer behavior data to stock the right product at the right place and time. This includes leveraging purchase and in-store behavioral data to make quick pivots or anticipate shifts and be the first to market with new products that meet emerging needs.Connected Products
Building an ecosystem by integrating connected technologies into a single product, uniting physical and digital experience to help customers achieve lifestyle goals.