After struggling for much of FY13, fast moving consumer goods (FMCG) companies seem to have retrieved some of the lost ground in the last quarter. The results declared by key companies for the three months ended 31 March show most firms have managed to arrest the moderation in volume growth witnessed in previous quarters.
Under pressure to deliver organizational growth and improve in-store operations, a premium lifestyle brands retailer deployed Tyco’s Traffic Intelligence Solution. With a network of 235 stores across 16 countries, it can now use real-time data to guide promotional, merchandising, and staffing decisions in order to maximize conversion and sales.
Significantly increasing shopper conversion rates has been one of the main motivations for Singapore-based FJ Benjamin Holdings to invest in traffic intelligence.
Retailers have traditionally worked with razor-thin margins and loss prevention continues to be a crucial area for helping them protect profits and secure their bottom line from multiple sources of threats - from the petty shoplifter to dishonest staff, to organized retail crime syndicates.
The integration of item-level RFID information and Loss Prevention data creates a real-time understanding of what, when, and how specific items go missing.
In an increasingly vast and technology-inclined industry, retailers have found a significant need to implement solutions that not only improve their return on investment, but also maximize efficiency to meet overall business goals.
Enhanced EAS solutions provide critical decision support at both the store and enterprise level by capturing, aggregating, interpreting, analyzing, reporting and intelligently responding to real-time operational data from stores, employees, inventory, and shoppers. A new generation of scalable, integrated and interconnected systems focused on merchandise protection and optimization as well as infrastructure reduction is currently being implemented by many retailers worldwide to dramatically enhance their performance.
Marico Ltd, maker of the Parachute and Saffola range of products, could face margin headwinds in the March quarter. While the company has witnessed sluggish volume growth in the recent quarters, rising prices of its key raw materials — copra (dried coconut), kardi oil and rice bran oil — will only add to its worries, believe analysts.
Electronic Article Surveillance (EAS) is an important defense against the rise of casual and organized retail theft. Traditional approaches use Acousto-Magnetic (AM) or Radio-Frequency (RF) technologies developed for EAS (RF-EAS). Retailers are also investigating the adaptation of Radio-Frequency Identification (RFID) technology for use in EAS.
It’s easy and tempting to focus on a single responsibility or activity—narrow initiatives are easier to launch, and their impacts will be easier to achieve and measure. Plus, it’s generally good business sense to focus and specialize. But it’s the wrong approach for the environment, where interconnections between actions and consequences are typically deep and complex, and nothing takes place in isolation.