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Sindhya Valloppillil is the founder and CEO of Skin Dossier, a venture partner at Next Gen Ventures, a freelance writer and formerly a beauty industry executive and marketing professor. For big brands and retailers, personalization is expected to be the top category for tech investment this year. Share on Twitter.
Changing consumer behavior and expectations, competition from major e-retailers, evolving cybersecurity challenges, inflationary pressures, sustainability and environmental concerns, and the pressure to take advantage of AI are all very real concerns for retailers today.
Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.
From lab to market at lightning speed Not long ago, cutting-edge research might take decades to translate into real-world products. The path from lab to market keeps shortening. Other retailers are rapidly following suit, deploying autonomous robots and piloting delivery drones. Today, that timeline is shrinking dramatically.
In March 2020, right before the COVID-19 pandemic hit, the company pivoted from B2C to B2B and used the technology rails it had built to create the e-commerce marketing platform that Givz is today. million retailers that use Shopify as their e-commerce platform. Marketing in 2021 is emotional and not just transactional.
Over the past three years, it has tagged more than 250 million images and says its increased conversions for its retail customers by 10% on average. She told TechCrunch that one of the biggest challenges faced by online retailers is cart abandonment, often because of poor site search and product discovery.
Earlier this year, a startup called Olive launched its new shopping site and app with the goal of making e-commerce more efficient, convenient, and sustainable by offering a way for consumers to aggregate their orders from across retailers into single shipments that arrive in reusable packaging, not cardboard.
He believes his company is the only one making its donuts in this sustainable way. “We As mentioned, the global donut industry is a $40 billion market, and Dreiling estimates the market is approaching $50 billion by 2025, with 30% of that growth attributed to North America’s love of the donut.
Retail investors entered the stock market in droves over the past couple of years. The first time he thought to bring those tactics to retail investors through a new tech platform occurred years later in 2021 after small activist firm Engine No. Troop’s shareholder engagement app Image Credits: Troop.
Cartona , one of the major players digitizing the traditional trade market, including mom-and-pop stores, FMCG producers, wholesalers, and distributors in Egypt, has raised $12 million in Series A funding. We will use this money for sustainable growth and only sustainable growth. Jordan and U.S.-based
To many people, e-commerce is synonymous with shopping on Amazon, but the reality is that a retailer has the option to use a bundle of different channels to sell and market products, and many do. The early stages were all about proving our technology worked and it was adaptable, and now the market is waking up.”
Online shopping and speedy delivery through services like Instacart and Amazon Prime are the height of modern conveniences, but for many consumers who care about sustainability and e-commerce’s impact on the environment, every box and plastic bag deposited on their doorstep is also accompanied by a feeling of guilt.
Reasons for this limitation include data sovereignty and residency requirements, the need to support ultra-low latency workloads, and concerns about losing control over mission-critical use cases, such as production assembly lines or retail point-of-sale systems. This presents a critical sustainability challenge. Edge Computing
It’s that old chestnut: You are a fancy-pants brand wanting to make a product that makes you feel all warm and fuzzy inside because you only use fair-trade, sustainably grown ingredients and materials, but you don’t know where to turn. “Early in my career, I joined the Air Force and I wanted to work on hard problems.
Since launch, Twiga has used technology to link smallholder farmers with informal traders, giving the producers access to new markets and a large pool of clients, all while optimizing the food supply chain in its markets. TopUp Mama looking to solve sourcing challenges for restaurants.
The future of digital retail has arrived in Paris, naturally. Today, SPIN by lablaco, launched its first digitized retail experience called Web3 Fashion: The Origin Story at the famed Galeries Lafayette Champs-Élysées. Technology is the key to making fashion more sustainable and circular in the long run,” she said. “We
More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. The Series A round will see JABU deepen its presence in Southern Africa and expand to new markets like Botswana and Eswatini later this year.
In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5
Also, unlike many brick-and-mortar retail businesses that were hit especially hard by pandemic-related shutdowns — J. Moreover, shoppers are more interested than ever in sustainability, and buying someone else’s never or lightly used items is more environmentally friendly than supporting, say, a fast fashion brand.
The holiday shopping season is coming: How are growth marketers preparing? With only three weeks left to the start of the holiday shopping season, Miranda Halpern checked in with several growth marketers to find out how they’re advising their clients to prepare for supply chain disruptions. Bring on the low-cost NFTs.
Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. That’s where Miferia, founded this year, comes in.
Many consumers and companies want to reduce their impact on the environment but may not know where to start or how to sustain the necessary changes. He argues that sustainability and climate action doesn’t need to be complicated. want businesses to help them be more sustainable. want businesses to help them be more sustainable.
Together, they arrived at the conclusion that while online brands have been built to maximize revenue growth, aided by a surge in tech and marketing solutions, e-commerce is inherently capital-intensive and low-margin. The advantage, companies like Highbeam and Wayfler claim, is that retailers make repayments as a percentage of their sales.
As they take stock after the year-end frenzy of shopping the holiday season always brings, retail CIOs attending the National Retail Federation’s annual show, NRF 2024, may be wondering how they can improve their IT systems’ performance over the next 12 months. year on year in the first 11 months of 2023, AI or no AI.
He called the deal “a remarkable turnaround” for Zelto, a company that has stared down a few near-death experiences, including cash flow and product market fit problems, during its 10-year-old life. Daily Crunch: Japanese marketing tech firm Geniee acquires Zelto for $70M by Christine Hall originally published on TechCrunch
Successful CIOs work hand-in-hand with their C-suite peers to ensure that IT initiatives reflect the company’s ambitions—enhancing operational efficiency, driving innovation, or expanding market presence. Too often, companies adopt innovative technologies based on market hype without fully understanding how they contribute to their business.
And today, Martie officially enters the market with its approach to stop from going into landfills food that is thrown away due to package changes, being a seasonal product or reaching its expiration date before purchase. If you don’t have a sustainable approach you shouldn’t do it,” Fritjofsson told TechCrunch. “We
We operate in an extremely competitive and well-funded industry, and this round allows us to have a long-term mindset when it comes to doubling down on our different markets,” says co-founder and CEO Miki Kuusi in a statement. We simply had no other choice than to do it this way was we came from such a difficult home market”.
Yet, today it’s become one of the hottest topics for consumers, brands and investors alike with a record ~$6 billion of venture capital funding pouring into recommerce companies in 2021 and the market projected to reach $250 billion+ by 2027. That’s 5x faster growth than the overall retailmarket. We waste a lot of … everything.
Retail organizations face an urgent need to accelerate digital transformation efforts in response to economic insecurity, persistent inflation, and growing consumer price sensitivity. With cloud adoption, retailers have been successful and with emerging artificial intelligence (AI) capabilities on cloud, they can break the barriers.
Powered by People links small brands to retailers keen on supply-chain transparency, sustainability and small-batch production — companies that are also pushed by the need for diversity and have pledged to support small traders as they also keep up with the rise of conscious customers. which is our primary market.
Shelf Engine ’s mission to eliminate food waste in grocery retailers now has some additional celebrity backers. The company has already helped retailers divert 1 million pounds of food waste from landfills, Stefan Kalb, co-founder and CEO of Shelf Engine, told TechCrunch.
Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. How can Generative AI speed innovation in retail?
Treet , a company rethinking the resale retailmarket, announced the close of a $2.8 Despite the fact that selling old clothes is the most sustainable, and most financially beneficial way to dispose of them, the process can be super tedious for both sellers and buyers. million seed round today. VC, and Alante Capital.
In any case, that oversized item needs a new home, and FloorFound is working with brands and retailers to give that couch to someone who will love it, while avoiding the landfill. Meanwhile, FloorFound intends to use the new funding to expand its market presence in the U.S. On the fashion front, companies like Recurate announced $17.5
In the first real test of the potentially transformative power of its food-preserving technology, Santa Barbara, California-based Apeel Sciences is bringing its innovative food treatment and supply chain management services to distribution centers in select markets in Asia, Africa and Latin America.
The process for retailers and brands to liquidate excess inventory hasn’t changed very much, if at all, and while some retailers were able to build operational infrastructure to service the off-price channels, it continues to be a constant pain point. How e-commerce companies can brave the new retail environment.
Forward Foods, Starday , a healthy and sustainable food products company, raised $4 million in seed funding to take on “big food” incumbents. He watched digital grocery go from a single-digit market to double digits overnight. “It The global food and beverages market is expected to reach $7.5
The funding will be used on hiring and increasing AgriAku’s market penetration. The marketplace enables retailers to buy supplies, including seeds, fertilizers and agrochemicals, from wholesalers and manufacturers. Then the retailers sell those items to farmers.
“What we have seen is that many younger generations are very much open to the idea of sustainable consumption,” co-founder Philip Franta told TechCrunch. “We Back Market reaches $5.7B Reebelo’s goal is to build the biggest inventory of pre-owned, refurbished devices, and says it is already the market leader in Singapore and Australia.
This trend has led to more market opportunities in the outdoor entertainment industry. The fresh funding will be used to cement its position in the outdoor living industry as they develop new sustainable materials, build an eco-friendly supply chain and expand their product offering and community, Liu said. billion 2027, Liu said.
Kenya-based agritech Apollo Agriculture , which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land. The agritech is scouting for growth opportunities in East and West Africa. “We
Wallapop will be leaning on Naver and its technology in its own R&D, and on Naver’s side it will give the company a foothold in the European market at a time when it has been sharpening its strategy in e-commerce. market (with more capital in tow). in a statement.
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