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United Natural Foods Co., Ltd. (NYSE:UNFI) is demonstrating its resilience with a focus on digital innovation and supply chain improvements. The leading food provider is actively engaged in a comprehensive transformation effort centered around a range of strategic initiatives. However, UNFI is feeling the brunt of macroeconomic factors, including inflationary pressures. Let's dig deeper. Strengths of the e-commerce business United Natural's sales have been positively impacted by a strong e-commerce presence, supported by expanding solutions offered across independent and chain channels. These services include digital platforms customized to meet customer needs. The company's value-added supplier program, UNFI Insights, has been…
Catch up on select AI news and developments from the past two weeks or so (in no particular order): Writer enhances AI chat apps with advanced RAG and transparency features. Writer has announced significant updates to its AI chat applications, introducing advanced graph-based retrieval-augmented generation (RAG) and new transparency tools. These enhancements enable the analysis of up to 10 million words of data and introduce a “thought process” feature that shows how AI arrives at its responses. New “modes” tailor AI interactions to specific tasks, streamlining user experience. Importance for marketers: These innovations can help marketers utilize vast amounts of…
E-commerce solutions provider Pattern has released its first-ever “E-commerce Executive Strategy Snapshot” report, analyzing the most common growth challenges facing retail and brand executives. The survey also revealed areas where retail and brand leaders plan to invest. The researchers surveyed more than 300 North American e-commerce C-suite executives and founders in sectors including beauty & personal care, sports & outdoors, home goods, and tools & home improvement. The study found that 25 percent of executives surveyed plan to increase their e-commerce investments by 31 to 98 percent over the next six to 12 months. “Only 6 percent of executives surveyed…
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Welcome to AI News Today, your daily roundup of the AI industry. Big Tech's Climate Goals Threatened by AI's Energy Demands Tech giants such as Microsoft, Google and Amazon face challenges in meeting their climate targets due to the energy demands of AI. Despite the targets, carbon emissions are rising due to AI development and increasing energy consumption in data centers. Efforts to mitigate this include improving energy efficiency and looking at nuclear power as a potential solution. For more information, please visit the TDR website. AITX's RAD receives expansion order Robotic Assistance Devices (RAD), a subsidiary of AITX (OTCMKTS:…
Samsung's latest flagship smartphones and wearables are lighter and slimmer, and also incorporate enhanced AI capabilities to appeal to premium consumers. Samsung, which pioneered the foldable smartphone category in 2019, faces increasing competition in this niche market. According to data from Canalys, Samsung's share of foldable smartphone shipments is expected to decline from 81% in 2022 to 63% in 2023, highlighting the importance of this latest launch. Samsung has responded to market pressure by significantly revamping its foldable lineup. The widescreen Galaxy Z Fold 6 will be the lightest and slimmest version in the series, aiming to attract new customers…
Toronto, July 12, 2024 CHICAGO, Oct 13, 2020 /PRNewswire/ — With the rapid development of digitalization, advanced technologies such as big data and artificial intelligence are transforming the landscape. Independent websites have gained new importance in this era. As generative AI reshapes numerous industries, cross-border e-commerce is looking to leverage these advancements to increase competitiveness and growth. A stable, efficient and intelligent independent website platform is now essential for businesses looking to expand and succeed globally. As a leading company Chinese Shoplazza, a cross-border e-commerce SaaS division, is continuously innovating its product portfolio, providing merchants with in-depth solutions that open…
In mid-November last year, Manish Tiwary, Amazon India’s Country Manager, made a presentation to the parent company’s external board at its Seattle headquarters. Tiwary spoke not just about the opportunities in India but also about innovations on the customer and seller fronts and the vast talent pool. The board, which includes eminent names such as India-born Indra Nooyi, a former Chair and CEO of PepsiCo, looked pleased. “There was palpable excitement,” Tiwary tells BT at Amazon India’s headquarters in Bengaluru. Turned out in a pair of jeans topped with a collared T-shirt and a blazer, he recalls how the discussion veered…
Global logistics and technology company Air Business has welcomed John Middleton and Darrell Sweeney as its new global new business director and e-commerce service delivery director, respectively. This follows significant investment in the company's proprietary electronic logistics technology, Consero. Jon will report to Air Business CEO Adam Sherman, while Darrell will report to Andy Haylar, director of e-commerce and technology. John returns to the business world after 10 years developing e-commerce solutions for companies such as Parcel2Go and Royal Mail. He has gained valuable experience in the postal and parcel industry over many years, holding director level roles. His goal…
Consumer-Centric JourneyThe move is part of a multi-year, customer-focused growth plan, Erdrey said on the conference call. As part of its refreshed brand vision, Vera Bradley will focus new marketing investments to acquire new customers with the right media mix, supported by upgrades it has made to its customer data platform over the past few years. “Our efforts include more creative campaigns, enhanced digital reach, increased public relations efforts and innovative in-store activity to drive interest and acquire new customers,” said Erdrey. “We continue to shift our focus from channel-specific customer acquisition to a multi-channel perspective to drive media effectiveness.”Related:…