It's a warehouse. It's not that complicated.
These two themes come up repeatedly during a conversation with Costco President and CEO Craig Jelinek and EVP of Merchandising Ron Vachris.
Artificial intelligence clearly reached buzzword utopia in 2016, but the groundwork was laid back in 2011 by the appearance of IBM Watson on the TV game show "Jeopardy!" The artificial intelligence (AI) computing platform made headlines by easily beating its human competitors.
The biggest question for the future of online grocery commerce comes down to the last mile.
As in, who's going to drive it—retailers or customers?
Food retailers who want to use online commerce will have to make a hard choice between three major options: delivery, store pickup or both.
Ambitious sustainability goals Walmart revealed in late 2005 were dismissedby some at the time as a publicity stunt on the part of a company looking to bolster its reputation.
Food-at-home prices in 2016 are predicted to reflect a 0.25 percent to 1.25 percent decline, according to the USDA Economic Research Service, making the past year the first time since 1967 that retail food prices reflected annual deflation.
We recently published a study sizing up the risks of counterfeiting that indicated a tenth of all food purchases in the developed world are in some way contaminated by counterfeit ingredients.
The future is now when it comes to the world of payments, with all manner of innovative methods of consummating transactions vying for adoption even as cash and checks remain the preferred form of payment for many Americans.
Amazon's announcement of a new pilot program that offers customers a boundary-less experience for shopping and checkout is justly being positioned as a game-changer for the food retail industry and greater retail supply chain.
