HIVERY Resources

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blogs

Coresight Research Retail-Tech Landscape Report

Jul 31, 2021 | By

Coresight Research

Coresight Research Retail-Tech Landscape comprises selected startups globally that can help retailers improve their digital offerings and the overall customer experience. To view more of Coresight's Retail-Tech Landscapes spotlighting innovators that are disrupting the retail industry, click here. Contents Retail-Tech Landscape: Retailers’ Technology Shopping List for Holiday 2021 Five Key Trends in Retail Technology for Holiday 2021 Retail-Tech Landscape: Retailers’ Technology Shopping List for Holiday 2021—Infographic Retail-Tech Landscape: Retailers’ Technology Shopping List for Holiday 2021, by Category Product Assortment and Merchandising E-Commerce Fulfillment Digital Commerce Management Product Discovery & Personalization Returns and Cost Reduction If you liked this report, you may like: Download the full Coresight Research report titled: The Age of Precision Category Management: Hyper-Localized Assortment Optimization Using Advanced Technologies Watch full webinar with Deborah Weinswig, CEO & Founder of Coresight Research,and HIVERY’s VP, Client Services, NA, Steve Weir, and Director of Customer Success, Zach Simpson, as they discuss how retailers and CPG companies can use advanced technologies in machine learning (ML) and data science (DS) to simulate merchandising strategies and find new incremental value. You can also download this webinar's key takeout summary.
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blogs
Summary: Coresight Research x HIVERY: The Age of Precision Category Management and The Power of Retail Simulation & Optimization
Jul 28, 2021 | By

Coresight Research

On May 12, 2021, Deborah Weinswig, CEO and Founder of Coresight Research, hosted an online event in conjunction with HIVERY, provider of an artificial intelligence (AI) and data science (DS)-powered solution that harnesses store-level data for category management optimization, enabling precision in category management and localized assortment. Learn how HIVERY is pioneering hyper-local retailing, and offers simulation & optimization solutions to a growing number of retail and CPG clients in North America.  In this free report, Coresight presents three key insights from the event, which explored the age of precision category management. The full report is available for free and can be accessed by registering details here. Click here to watch the full on-demand webinar or download the summary.
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news
Meeting Shopper Demand with Localized Assortment Optimization  
Jul 26, 2021 | By

Sourcing Journal

There’s an old adage: You get what you get, and you don’t get upset. Clearly, that doesn’t apply to retail. For some time now, the axiom has been customers want what they want, when they want it. And COVID-19 didn’t seem to change that. Apparel shoppers want choices, and they want the stores and clothes to reflect their local tastes and demands. Coresight Research says the pandemic “accelerated consumer disinterest in homogeneous physical retail experiences.” Instead, shoppers are seeking experiences that are local, distinctive and diverse. The firm advises retailers consider localizing in-store experiences and product offerings. Coresight adds that mall owners can support its tenants with localized center experiences. They good at adding datasets but lack the ability to model based on goals and constraints - this is HUGHE difference....Read More
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podcasts
Are consumers rational really? How does this impact shopper insights, category management, marketing and future AI models? Dr Gerardo Berbeglia, Associate Professor of Operations, shares his views and predictions
Jul 23, 2021
In this podcast you will learn: • What Operations Research and Optimisation is about and how most of the models used today assume one thing: consumers are rational! • How can statistics explain consumer choice? Dr Berbeglia is working on new models to help predict what consumers will choose given certain events or triggers. This research has applications for policy marketers, category management and shopper insights professionals. • Does social influence impact consumer choice? Dr Berbeglia illustrates, for example, how popularity of media can influence consumer rationality and hence choice. • What new consumer rationality experiments are being performed by Dr Berbeglia in his labs. One interest is "the compromise effect". The effort that dictates that a consumer will choose a middle option over a given set of choice alternatives as it's easier to justify that choice, it reduces cognitive dissonance and loss aversion. • Another phenomenon Dr Berbeglia is exploring is the "the decoy effect", the effort going into consumer choice when the third option is presented against existing two options. • Dr Berbeglia talks about applications and effects of these models from choice of COVID19 vaccine to organ donation to retail and assortment, category and merchandising planning. • Hear what Dr Berbeglia thinks about how these consumer choice models will be used in machine learning and AI models in the future. Interesting further reading and watching: • Compromise effect and consideration set size in consumer decision-making, Jaewon Yoo, Hyunsik Park & Wonjoon Kim  • The decoy effect: how you are influenced to choose without really knowing it, Gary Mortimer, Associate Professor in Marketing and Consumer Behaviour, Queensland University of Technology • Dr Dan Ariely classic experiment Pricing the Economist 
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news
HIVERY scores debt from OneVentures in 10th credit deal
Jul 05, 2021 | By

The Australian Financial Review

Not one, but 10: that’s the number of venture debt deals now completed by Dr Michelle Deaker’s OneVentures first debt fund, which has now put half of its $80 million in capital to work...Read more.
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podcasts
Based in Bentonville, Arkansas, Jeff Ireland ex Coke, Newell Brands and IRI talks about the challenges and future of category management analytics
May 25, 2021
In this podcast you will learn: • 2:00 - 7:02: What current challenges are faced by the category management discipline. Key insight is how time consuming and extremely labour intensive the process is as well as variability from team to team and time to time. • Why the industry has limited to clusters planograms generation and how this generates an average of averages approach. https://soundcloud.com/retail-mavericks/jeff-ireland#t=2:00 • 7:03 - 10:15: How artificial intelligence/machine learning techniques have been solving for these category management challenges: speed in delivery, speed in category strategy simulation, running unlimited tests and what-if scenarios, and optimising for them. https://soundcloud.com/retail-mavericks/jeff-ireland#t=7:03 • 10:16 - 14:54: The shifts in category management: from clusters based on averages to clusters based on store-level analysis and insights. • What "space-assortment aware" means and how it is applied at HIVERY. https://soundcloud.com/retail-mavericks/jeff-ireland#t=10:15 • 16:12 - 22:25: What the most common constraints or business rules are used by retailers or CPGs before building planograms. For instance, shopper safety and global deletes or additions, forcing in new products or minimising assortment churn. https://soundcloud.com/retail-mavericks/jeff-ireland#t=16:11 • 22:25 - 24:35: How a machine learning model is used to challenge these constraints or business rules by running different and rapid scenarios. For example, if you removed a particular SKU or brand, it would present the outcome of those scenarios. https://soundcloud.com/retail-mavericks/jeff-ireland#t=22:25 • 24:36 - 29:57: What the benefits of store-level analysis are for any cluster dimension or count you use. https://soundcloud.com/retail-mavericks/jeff-ireland#t=22:25
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news
HIVERY is mentioned in Valuer.ai's article The 50 Best Startup Cities in 2021!
May 17, 2021 | By

Valuer.ai

Australia is a vibrant country with exciting energy, and the local startup scene is booming. Australia’s economy is strong. It’s the world’s 13th-largest economy with the ninth-highest income. Sydney is the largest of the Australian startup hubs with 35% of the nation's startups, followed by Melbourne. The area is filled with incubators and accelerators with one spreading 11 floors and 16,722 square meters. Best of all, it's right in the heart of the city. HIVERY is mentioned in Valuer.ai's article The 50 Best Startup Cities in 2021! Read more
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case-studies
How AI goes about simulating the impact of items being carried in store?
May 12, 2021 | By

Coresight

The age of precision category management is upon us. Effective assortment and space localization can be a very challenging task for CPG companies and retailers, but if done right with the right methods, the incremental value generated is significant. Whether they are using a cluster approach or not, the ability for retailers and CPG companies to leverage store-level data in new ways opens up new opportunities to have the right product assortment to meet shopper demand across any store. You can watch the full recorded session with Deborah Weinswig, CEO & Founder of Coresight Research, with HIVERY’s VP, Client Services, NA, Steve Weir, and Director of Customer Success, Zach Simpson, in which they discussed the significant incremental value to retailers and CPG companies in optimizing assortment at the store level using advanced technologies in machine learning (ML) and data science (DS). In this on-demand mini-webinar, we cut to the question: On-demand mini-webinar: How machine learning and applied mathematics is used to discovery potential items to add to specific stores
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case-studies
What are some of the key barriers faced when switching to store-specific analysis?
May 12, 2021 | By

Coresight

The age of precision category management is upon us. Effective assortment and space localization can be a very challenging task for CPG companies and retailers, but if done right with the right methods, the incremental value generated is significant. Whether they are using a cluster approach or not, the ability for retailers and CPG companies to leverage store-level data in new ways opens up new opportunities to have the right product assortment to meet shopper demand across any store. You can watch the full recorded session with Deborah Weinswig, CEO & Founder of Coresight Research, with HIVERY’s VP, Client Services, NA, Steve Weir, and Director of Customer Success, Zach Simpson, in which they discussed the significant incremental value to retailers and CPG companies in optimizing assortment at the store level using advanced technologies in machine learning (ML) and data science (DS). In this on-demand mini-webinar, we cut to the question: What are some of the key barriers faced when switching to store-specific analysis?
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