The future of next-gen technologies is Expected To Reach High Demand In Coming Year:-

Retail and consumer goods companies are entering into a technological innovation and development phase with considering smart automation at its core. The consequences are profound, offering a host of previously unimaginable capabilities from automatically rerouting shipments to bypass bad weather and initialing in-store services based on customer's facial expressions analysis. According to the IDM survey, it is seen that two in five retailers and brands are already using next-gen technologies based on smart automation, and it will be doubled in number within the next three years

The future of next-gen technologies adoption seems to be far more extensive than many customer products and retail companies currently realize.

79% of consumer and 85% of retail product companies plan to be using next-gen technologies for supply chain strategic planning by 2021

79% of retail and consumer products companies suppose to be incorporate next-gen technologies for customer intelligence by 2021

Retail and consumer products executives plan that smart automation capabilities could benefit in increasing annual revenue growth by up to 10%

More than 70% of retail and consumer products managers suppose their companies to be engaging in next-gen technologies across the value chain by 2021; such technologies distribution across different operational cycle include 

Dynamic Pricing :-

Retailers and the consumer goods industry highly price sensitive. Therefore, it is significant for retailers and consumer goods companies to get their pricing right amid growing competition. Considering what-if analysis, they can easily evaluate the optimum product segment pricing and predict the pricing impacts for that product segment.

For instance, the retailers and consumer goods companies can check the increasing product discount impact by 10% on its sales across different locations. The next-gen technologies adoption can also compare pricing and discover what best combination works best for them.