Investments by airlines and airports in automated technology that helps passengers check-in, drop their bags and pass through security and immigration queues more quickly should pay off for airports in the form of higher retail spending, according to aviation technology group SITA.
SITA president of Asia-Pacific Ilya Gutlin said relaxed passengers were more open to shopping than those that had been stressed out before reaching the airport terminal.
Like Amazon, Deutsche Post DHL has been trialing unmanned aircraft to deliver packages to your front door. The biggest obstacle to delivery is governments, the group's CEO says.
Singapore retailers are at risk of falling behind their global counterparts if state-of-the-art smart mapping technology is not adopted, according to Gary Johnson, Chief Solutions Strategist of Geographic Information System (GIS) technology provider Esri.
GIS technology assists retailers to maximise their return on investment, by uncovering valuable insights into customer behaviour within and around their stores' locations.
Wearables will become the world's best-selling consumer electronics product after smartphones, according to new forecasts by market research firm Euromonitor.
Sales of autonomous wearables, or smart wearables, are projected to exceed 305 million units in 2020, with a compound annual growth rate (CAGR) of 55 percent during the next five years, Euromonitor said in a new report.
In recent months, there has been an unprecedented amount of positive discussion around the use of Radio Frequency Identification (RFID) in the retail industry. RFID is valuable because it helps retailers understand two inventory essentials for omnichannel success – "what do I have?" and "where is it located?" However, there remain many misconceptions about the technology, its use case feasibility and its return on investment. It's time to set the record straight and provide some definitive answers to the retail industry's most common questions about RFID:
What has happened to the company whose name used to be a byword for innovation? The story of Sony Corp.'s rise and fall shows that past glory is no indicator of future success.
Nearly 70 years after its foundation, Sony is struggling for hits. The firm could not capitalize on the wave of Internet growth and accelerated digitalization from around the turn of the century.
Sony has lost its status as an innovation leader to US technology giant Apple Inc.
Growing demand for more information about the products we buy could mean the end of the simple barcode – the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day.
As part of our ongoing Retail in Asia Thought Leadership programme, we teamed up with Checkpoint Systems to host a select round table discussion with retail professionals from a cross-section of the industry on 23 July 2015 at the Gateway Hotel, Tsim Sha Tsui, Hong Kong.
Hosted by Retail in Asia's managing editor, Tony Smyth, the one and a half hour discussion covered topics concerning the implementation of RFID solutions, its use in omnichannel, security, promoting visibility and reducing shrinkage.
Sense and respond technology enables retailers to be more nimble and more knowledgeable about customer needs. As retailers adapt to the ever-changing needs of today's empowered consumer, RFID technology is playing a larger role in IT projects. Omni-channel and Customer-facing Initiatives are the primary drivers of RFID adoption.
This guide from Checkpoint Systems, a merchandise availability solutions supplier, details the specific components of RFID deployments in retail, along with planning considerations by business objective, corporate function and store format.
Taking a creative spin on 3D printing, one Brooklyn, New York-based small business has gone from sex toy prototypes to a product for the masses, much cheaper and faster than it would take using more traditional methods, according to its founders.
Dame Products, the maker of a hands-free vibrator for couples dubbed Eva, used in-house 3D printing to create numerous iterations of its device, for a fraction of what it would cost to develop the gadget using more traditional methods, like clay moulding, explained Alexandra Fine, the company's co-founder and CEO.