Humans are notoriously bad at seeing into the future so we took the sensible option of asking a super-massive AI for some help. Here are our bionically enhanced predictions for what in-store retail can expect from 2022.
Loss Prevention
It is expected that at least £10m worth of food, drink and last minute gifts will pass through Britain’s supermarket checkouts every hour over the course of the day. Around a third of this will be accounted for by customers scanning their own shopping.
Theft from shops is a growing problem - globally, losses are over $100Bn and the number is increasing year on year. In the UK, the police estimate that there are around 7 million shop theft incidents per year. Comparable statistics put the number in the US at around 200 million.
computer vision
According to ECR Europe, on-shelf availability is extremely important to customers, but despite all of the investment in supply chain and stock management systems, new measuring and monitoring protocols, and even AI assisted inventory predictions, stockouts remain stubbornly persistent.
computer vision
SAI Group has been highlighted as one of the most innovative retail tech companies from around the world and is invited to exhibit at the Innovation Lab during NRF’s Big Show, taking place in New York in January 2022. “We are delighted that our technology has been selected for
Loss Prevention
2021 has been a tough year for retailers, and now a trend towards greater losses from stores is threatening to compound the global stresses that have caused supply chain issues and staffing shortages. Our automated analysis of many thousands of transactions as they happen in stores around the UK shows
According to data shared with us by the UK’s National Business Crime Centre (NBCC) [https://nbcc.police.uk], there are over 7 million incidents of shop theft each year. Of these, only about 325,000 are actually reported to police - that’s a meagre 4%. There are many
Retail Week
The two day conference was devoted to “Thriving in a Digital World”, and the theme was clearly popular as retailers of all stripes come to terms with the rapid expansion of home shopping and the need to reinvigorate stores to blend online and offline spaces.
computer vision
When we signed up to be part of the Discovery Zone at Retail Week Live, we had no idea that we would have to wait almost two years before we would be able to get to the actual event. While we all know the cause of the delays, we would
SAI
The SAI story began on a shopping trip... our journey has evolved and we are now pushing the capabilities of computer vision for retail ... in short, generating real bottom-line gains.
computer vision
Global effects are building that could cause a perfect storm for Loss Prevention professionals around the world.
computer vision
Computer vision technologies can deliver a huge amount of value for retailers, but it can be complex technology to implement. At every step of the way, Iceland and SAI have partnered to solve technical and practical problems.