Retail

This holiday season retailers saw the advantages of AI, and they arrived at the National Retail Federation show ready to invest in it.

Companies plan to allocate an average of 3.32% of their revenue to AI this year. Spending on artificial intelligence (AI) in retail and consumer products is set to surge by 52% outside traditional IT budgets in the next year,

New solution debuting at NRF 2025 reduces stockouts and markdowns, driving profitability BOSTON, MA / ACCESSWIRE / January 13, 2025 / ToolsGroup , a global leader in retail and supply chain planning and optimization software,

Tools like AI-powered analytics, recommendation engines, and customer sentiment analysis are no longer optional for retail — they're essential

The overall impact on supply chains from tariffs and other disruptions will certainly be significant. However, it's important to remember that, since COVID, sourcing professionals have been exploring alternatives to China, which was hit harder - and for a longer time - by the pandemic than many other countries.

Today's retail and CPG organizations are already tapping into data analytics to understand their core customers.

Lantronix focuses on high-growth industries like Smart Cities and Automotive, providing customizable IoT solutions and benefiting from edge AI

"With increasing cost burdens in the retail sector, it's key that retailers get creative with how they combat these pressures. While AI comes with a cost, it's a transformative investment for the future, that determines the long-term viability of retail businesses, so it is key retailers get on board to avoid being left behind."