The Role of AI in Planograms: Driving Sales and Enhancing Supplier Negotiations
Retail Mavericks
by Retail Mavericks
6M ago
Explore how AI solutions are revolutionizing the world of retail on the latest episode of Retail Maverick. Discover the incredible journey of a multinational grocer as it leverages AI to streamline planogram management, enhance in-store performance, and gain negotiation power with suppliers. Learn how AI-driven decisions are shaping the future of retail strategy and efficiency ..read more
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How AI Drives New Product Innovation & Measure Impact
Retail Mavericks
by Retail Mavericks
7M ago
Discover how AI and HIVERY Curate transforms new product innovation in retail on the latest episode of Retail Maverick! Dive into a real-world use case where AI-powered insights enable precision in planning, operational efficiency, and even damage control. Learn how to confidently pitch new products to retail buyers backed by data-driven insights, reducing risk and increasing the likelihood of success. Tune in now for a glimpse into the future of retail ..read more
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Russ Hawkins Russ Hawkins on Unlocking the Future of Retail: Challenges and Data Insights
Retail Mavericks
by Retail Mavericks
8M ago
The world of retail optimization comes to life in a dynamic conversation between Russ Hawkins of Agilence and Milena Salmon, host of HIVERY's Retail Maverick show. This podcast delves into the intricacies of the retail landscape and how retail data is reshaping the industry. Listeners will gain insights into various facets of retail, from table service restaurants to grocery stores and specialty retail. Russ Hawkins discusses the unique challenges faced by different retail environments and the power of data analysis in addressing them. Key takeaways from this podcast include: Understanding Ret ..read more
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"What If" Scenarios: Exploring Assortment Strategies with AI
Retail Mavericks
by Retail Mavericks
9M ago
In this episode of Retail Maverick Shorts, we embark on a journey into the world of retail assortment strategy, guided by the power of "What If" scenarios and cutting-edge AI technology. Our expert host delves deep into how retailers and CPG suppliers can harness the flexibility and insights offered by AI-driven assortment strategies. Listeners will discover the significance of adapting to ever-changing customer preferences, even within a single metro area, and why this flexibility is essential for retail success, especially when dealing with major retail chains like Walmart and Target. We exp ..read more
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Podcast - Common Pitfalls in Product Line Reviews (PLR) and How AI can help
Retail Mavericks
by Retail Mavericks
9M ago
This Retail Maverick Shorts podcast episode focuses on Product Line Reviews (PLRs) and the role of AI, particularly HIVERY Curate, in overcoming common challenges. PLRs, crucial for retailer-supplier collaboration, often suffer from transparency gaps, resource limitations for small suppliers, alignment dilemmas, and withheld information. AI solutions like HIVERY Curate serve as a solution by using data to foster transparency, enabling real-time simulation of shopper strategies and outcomes. It aids small suppliers by understanding shoppers and highlighting products effectively. Acting as a ret ..read more
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6 AI-driven use cases for scenario analysis and strategic assortment planning
Retail Mavericks
by Retail Mavericks
9M ago
In this episode, we're unveiling the transformative potential of AI tools like HIVERY Curate in driving growth strategies. Imagine predicting outcomes before taking action through scenario analysis. We will cover six (6) use cases specifically. With AI, we explore diverse pathways and make informed decisions. Hyper-local assortment optimization takes center stage, crafting store-specific offerings that resonate with local shoppers. AI transforms data into actionable insights, empowering proactive choices in buyer meetings. Embracing a holistic approach, AI aligns brand strategies with category ..read more
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Unveiling the Retail Truth: Why Shoppers Lie and How AI is Changing the Game
Retail Mavericks
by Retail Mavericks
10M ago
Discover the captivating world of retail psychology in our latest episode of Retail Maverick Shorts. Unravel the mystery behind "Why shoppers lie" and delve into how cutting-edge AI technology erases the gap between what consumers say and what they do. Traditional research methods often fall short as shoppers provide incomplete or aspirational responses, creating a challenge for retailers and CPG companies. Join us as we explore the toothpaste aisle analogy, where stated preferences don't always translate into purchasing decisions. Learn from industry giants like Walmart, who emphasize the c ..read more
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Penelope Murdoch on Retail Transformation and Designing AI-Driven Products
Retail Mavericks
by Retail Mavericks
10M ago
Come and join Milena Salmon, the host of Retail Mavericks, and Penelope Murdoch, the Lead Design Manager at HIVERY, as they delve into the exciting realm of design, AI, and retail transformation. This fascinating conversation covers a range of topics, from taking a holistic approach to design to the shift from digital transformation to AI products. You'll gain valuable insights into the modern retail industry and its evolution. By listening to this podcast, you will not only gain insight into what it's like working as a designer at HIVERY, but you will also learn: 1. How real-time insights can ..read more
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Dirk Herdes and Jackie Wightman on Leveraging AI Towards Locally Relevant Shelves
Retail Mavericks
by Retail Mavericks
10M ago
We all know that the right assortment in the right space and in the right stores can drive the most value. Locally relevant planograms, while in theory, it may sound great; in practice, it can be very time-consuming, and complicated to achieve. This is where AI comes in. Join Dirk Herdes, VP of Retail, and Jackie Wightman, Sales Director from HIVERY in this CMA | SIMA 45 min hosted webinar to explore how AI is being used to rapidly (minutes not months) determine what is the most efficient cluster count while considering your category goals, merchandising constraints, and im ..read more
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Why Optimizing Demand Transfer at the Store Level Matters
Retail Mavericks
by Retail Mavericks
11M ago
Welcome to another episode of Retail Maverick Shorts, where we explore key topics in the retail industry. In this episode, we uncover the importance of optimizing demand transfer at the store level. Traditional approaches relying on national demand transfer curves often overlook the unique dynamics of individual stores. By leveraging AI and store-level data, retailers can accurately predict demand transfer patterns, minimize cannibalization, and maximize incrementality. We'll dive into the significance of tailoring assortment strategies to specific stores, using the example of Walmart stores i ..read more
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