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Changing Purchasing behaviour
As per Capgemini Research report, ‘What Matters to Today’s Consumer,’ reveals the impact of an increased cost-of-living on consumer spending habits and preferences. The report indicates that while retail organizations continue to navigate disruptions there is a need to transform operations to meet changing consumer expectations of affordable products and pass on cost benefits to customers.
Most consumers (61%) are concerned about their financial situation and nearly three-quarters of consumers are cutting back on non-essential purchases during tough times and the purchasing behaviours are also changing. From its survey of 11,300 consumers in 11 countries, the report found that nearly three-quarters (73%) of consumers are making fewer impulse purchases, while 69% are cutting back on non-essential expenses such as electronics, toys, and dining out, as well as delaying the purchase of luxury items. Saving money is top of mind for many people, with 64% of consumers buying products from hypermarkets and discount stores and 65% buying cheaper private-label or low-cost brands.
There’s an opportunity for retail businesses to dramatically reimagine their operational strategy in order to weather this storm and pass on price benefits to consumers. By identifying new revenue streams, creating new markets, transforming operations, and optimizing costs, businesses can succeed without compromising on sustainability or overall customer experience and “Harnessing technology for intelligent demand planning, inventory management and automated operations can not only help reduce costs and maintain margins, but also yield sustainability benefits for organizations.”
Going forward, Retailers are going to rethink operational strategy for cost reductions, sustainability, and experience. The report also suggests that by leveraging the power of social media influencers and expanding into newer channels to reach customers, brands can unlock new revenue streams and grബൈ VARINDIA | 17 വ്യൂസ് (വീക്ഷണത്തിന്റെ എണ്ണം)
23% of organizations are planning to use quantum technologies
Organizations are increasing investment and exploration in quantum technologies with expectations of first commercial applications in 3-5 years, as per Capgemini Research report. The report identifies 23% of organizations globally are currently working on or planning to use quantum technologies, moving from scientific research into real-world solutions. Furthermore, 20% of organizations are expecting to increase investments in technology in the next year. It further says, China (43%) and the Netherlands (42%) have the largest share of companies working on or planning to work on quantum technologies, well ahead of Germany and the UK (each on 26%), versus 23% on average globally. These companies intend to leverage the tech in a number of ways, from improving sustainability in operations, and discovery of new materials for battery manufacture, to securing information, through medical sensors and mitigating harmful industrial gases. Financial services organizations are using quantum technologies for more accurate pricing of risky assets, optimizing portfolios for better returns, and detecting frauds. In addition, Life Sciences companies are attempting to shorten the drug-development cycle using quantum computing.
The Quantum technologies have reached different levels of maturity in terms of expected applications such as:
1. Quantum computing has the highest potential of all quantum domains but it is also the least mature. The pace of development has accelerated, driven by investor interest, expanding use cases and technology breakthroughs. On average, a majority of organizations working on quantum believe that the first commercial quantum computing applications are five years away;
2. Quantum communications could address the new requirements of information security, in particular to secure information exchange with external parties, protect critical infrastructure (IoT and cloud-enabled technologies) within the organization or secure cബൈ VARINDIA | 31 വ്യൂസ് (വീക്ഷണത്തിന്റെ എണ്ണം)
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Arvind Kejriwal को मिलेगी जमानत? ED की याचिका पर आज Delhi High Court सुनाएगा फैसला
Arvind Kejriwal को मिलेगी जमानत? ED की याचिका पर आज Delhi High Court सुनाएगा फैसला
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How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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Bihar की Capital Patna से सटे बाढ़ इलाके में आज एक दिल दहला देने वाली घटना हुई! Ganga Dussehra | RJD
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Bihar की Capital Patna से सटे बाढ़ इलाके में आज एक दिल दहला देने वाली घटना हुई! Ganga Dussehra | RJDബൈ PunjabKesari TV | 372 വ്യൂസ് (വീക്ഷണത്തിന്റെ എണ്ണം)
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Kalki 2898AD Pre Release Event Mumbai - Prabhas, Deepika Padukone, Amitabh Bachchan & Kamal Haasan
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Ayesha Khan Shoots For A Song In South | Video Goes Viral
Ayesha Khan Shoots For A Song In South | Video Goes Viral
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