Foreign.
Speaker BHello everyone and welcome to Omnitoch Retail's NRF must see tech LinkedIn live session.
Speaker BChris, you and I, every year around the end of December, we start to get emails, we start to get texts, we start to get messages from, from retail executives who are looking to find out where should they go.
Speaker BAt nrf, it's a huge conference they're trying to figure out.
Speaker BThere's very limited time, you know, what booths should they make sure to stop by to check out what technology is hot this year.
Speaker BAnd we wanted to simplify things for amituck fans and try to get that all together in one digestible LinkedIn live event and podcast.
Speaker CIt's something we're doing for our audience and our biggest fans right before the show.
Speaker CAnd so yeah, we're going to take you through a series of interviews with folks that we believe are the must see technology providers at next week's big show.
Speaker CSo you can listen on the plane, the train or the automobile on your way to the show.
Speaker CIf you're Steve Martin, if you're John Candy, well, you're not John Candy anymore.
Speaker CBut that's what we're doing here today.
Speaker CIt's going to be fun.
Speaker CIt's going to be a blast.
Speaker CWe're going to keep them quick, we're going to keep them short.
Speaker CJust give you what you need to know and give you the booth numbers of all the people we interviewed today so that you can know exactly who to stop by and check out.
Speaker CSo Ann, let's get to our first interview.
Speaker CJoining us today is Gray Orange's general manager of G Store, Troy Seiwick.
Speaker CTroy, welcome to today's show.
Speaker AExcited to be here.
Speaker AAlways great to chat with you too, Troy.
Speaker BWe're super excited to have you.
Speaker BYou're one of our favorite guests of the last year, without a doubt.
Speaker BBut if you can just quickly recap for some of the listeners who may be joining us and meeting you and Gray Orange for the first time.
Speaker BJust tell us a little about what Gray Orange does, if you don't mind.
Speaker AThink of Gray Orange is like brain power, making retail supply chains smarter, managing robots, equipment, software and the interactions with humans.
Speaker AWe're helping some of the largest retailers in the world get packages out faster, get products out faster in the direct to consumer space.
Speaker AAnd the retailers we're working with, we've kind of upped them the next level or, or maybe two and we're really good at that.
Speaker AAutomating, innovating and supply chain and beyond that and more to the point for today One of our big clients asked us to take that magic and that technology and can you put that in our.
Speaker AOur brick and mortar stores?
Speaker AWhich we did.
Speaker AAnd that's how G Store, our retail in store app, was born.
Speaker AAnd so when we took that intelligence into the store, instead of robots, we hooked it up with RFID readers that.
Speaker AThat sit fixed overhead in the stores, and they get a view of where all the inventory in the store is located.
Speaker AEvery single item in every spot in the store all day long, every day.
Speaker ASo you know where everything is at any given time.
Speaker ASo it's like, imagine like GPS for store inventory.
Speaker ASo the associates can obviously quickly find what they need, keep shelves stocked, make shopping less frustrated for consumers.
Speaker ASo G Store is kind of our app, our retail app that's all about running stores more smoothly and efficiently.
Speaker BAnd Troy, one thing that I think is important to call out.
Speaker BSo, G Store, you mentioned you're using overhead arrays for rfid, not the traditional method that people might like.
Speaker BIf you haven't.
Speaker BIf you've been to nrf, you may have said, I saw RFID technology five years ago.
Speaker BJust quickly explain why this advancement is so significant.
Speaker AYeah, yeah.
Speaker AAnd that's actually, that's the most challenging thing for us, being kind of an innovator in the space.
Speaker AA recent innovator is a lot of people have seen RFID and they're like, yeah, yeah, yeah, yeah, I know.
Speaker AI've seen this.
Speaker AThis was like five years ago stuff.
Speaker ATell me something new.
Speaker ASo what's different is I mentioned you.
Speaker ASo if you're using handheld rfid, you're walking around with a scanner.
Speaker ASo now you're a store associate, you have a bunch of.
Speaker AEspecially right now at this time of the year, you got customers everywhere.
Speaker AYou have a scanner you have to keep track of, and you're really only counting what you're counting in that spot at that moment that given time, whether it's a cycle count or a transfer or whatever it may be, replenishing back room to front room with overhead idea.
Speaker AThe.
Speaker AThe big change is put the handheld away.
Speaker AThe inventory is going to be accurate, 99% accurate all the time.
Speaker AYou don't have to walk around with.
Speaker AWith the scanner.
Speaker ASo down to a few feet.
Speaker AEverybody knows, whether it's corporate office or your manager or the store associate, they all know where the inventory is all the time.
Speaker AThat is a huge change from the three years, four years, five years ago, just walking around with the scanner.
Speaker CSo, Troy, what I take from what you just said is, is the real time nature, you're able to see everything that's happening in a store in real time.
Speaker CSo.
Speaker CSo, but why is that valuable?
Speaker CLike what inherently can one do if they have that type of visibility?
Speaker AThe more obvious things are just keeping this, the shelves stocked.
Speaker AAnd that is super important because like what we've learned, I mean, we expected it, but what we've learned is that the back to front replenishment or moving stuff where it's not supposed to be to where it's supposed to be has helped our retailers.
Speaker AI Talked to somebody 10 today, actually I was going to say this week, but today I talked to one of our customers that has only 50 stores of their whole chain deployed and they did 90,000 replenishments last week, Black Friday week.
Speaker ASo it's getting stuff where it's supposed to be.
Speaker AIt's not just saying where it is, but getting it to where it should be.
Speaker AAnd then beyond that, the analytics within the G Store app will give you insights on how stocks moving, what's selling, what displays are working, you know, kind of the compliance things, which is like, is this store set properly like it's supposed to be?
Speaker AAre things where they are supposed to be?
Speaker AThis store is doing great.
Speaker AEverything's where it's supposed to be.
Speaker AWonder what's going on here.
Speaker AThey're yellow on the map.
Speaker AFor some reason, their front of their front display with, you know, denims doesn't have as much stock as it's supposed to have.
Speaker ASo let's, let's give them a call and see what's happened.
Speaker ASo it does simplify finding inventory, but it all the things that happen because you know more about the inventory like replenishments and merchandising and things like that are all enhanced with this.
Speaker CSo the reason that's important, right, Troy, is that you know, traditionally, especially, especially in an apparel environment, you know that you know potentially that the inventory is in the store, at least you think it is.
Speaker CSo, you know, even with traditional RFID solutions, you can understand that the inventory is there.
Speaker CBut what you're saying is now you can understand where the inventory is actually in the store.
Speaker CSo is it in the back room or is it in the front of house on the sales floor?
Speaker CAnd you can more quickly move it from one place to another because you can locate it in the back room more easily.
Speaker CAnd then you could also know when it's out of stock on the floor and when you're visually compliant with the presentation guidelines as well.
Speaker CAm I summarizing that correctly?
Speaker AAbsolutely, absolutely.
Speaker AAnd you're taking the store associate and freeing them up to engage the customers, help them with their questions and stuff like that.
Speaker ABecause they're not trying to find things and they're not cycle counting.
Speaker AThey're eliminating all that because it becomes automated through the overhead systems and the.
Speaker BSoftware and you're bringing, you're allowing them to do other things that you're, that you've been testing in some of the G store enabled, especially in apparel formats where you're, you know, allowing somebody to request an item from the fitting room when they're in there trying something on and now that associate can go and grab it.
Speaker BThat's one of the things that I think is really fascinating and a good thing for people, especially in the apparel industry to be checking out when they're out at nrf.
Speaker BSo the rfid, everything that, that can do and then especially starting to look at things like how you're, how you're starting to solve for that and look at the opportunities with things like smart fitting rooms or buy online pickup in store.
Speaker AExactly, exactly.
Speaker AAnd you, you nailed it.
Speaker AAnd, and only suggest things that you know are exactly in stock.
Speaker ARight.
Speaker ASo you won't have that sloppy.
Speaker AThis would look great with that.
Speaker AOr we'll go retrieve that.
Speaker AIf it's not there, it won't be suggested.
Speaker BSo.
Speaker AYeah, exactly.
Speaker BSo outside of that, Troy, what, what is the kind of main messaging that people are going to hear if they come and spend some time with you and the G store and Gray Orange team at the booth at nrf.
Speaker ASo what you'll see at NRF from us is in all about intelligent inventory.
Speaker AEverything we've been, we've been talking about here, we're, we're showing how you can turn inventory from a pain point or a task, an operational task, into a real advantage for your sales.
Speaker ASo at the booth we'll show off G Store.
Speaker AWell, people that visit the booth will be able to see with iPhones, iPads, you know, other devices, how easy this thing is to work.
Speaker AIt really trains itself.
Speaker AIt's got high adoption from the store associates.
Speaker AAnd so we focus on all of the inventory management, task management around inventory stuff.
Speaker ABut they'll get a look into what G Store offers because it's really like a Swiss army knife for inside a retail store for the associates.
Speaker ASo there is way more than just inventory.
Speaker AWe do omnichannel, pig picking, pick pathing, so they'll get to see all of that.
Speaker AThat's typically not the first thing that, that a retailer will want to tackle.
Speaker ASo we focus mostly on this Intelligent inventory.
Speaker ABut they'll get to see everything that we offer, you know, and then if they come talk to me, I can talk about all the future of all this, where it's heading and where our retailers are asking us to go.
Speaker CI'm gonna put you on the spot a little bit too.
Speaker CSo the first one, you know, I can remember being a retail executive walking a conference floor.
Speaker CYou're hearing from a lot of different technology vendors, and you're always trying to ask the tough questions to get to the root of, you know, whether this technology can do what it is that you're saying it does.
Speaker CSo I'm curious, so question number one.
Speaker CWhat is the biggest question you generally get asked from the retail executives that stop by or that you converse with, you know, on a daily basis to prove out that, you know, you, you can do what you've been saying you can do?
Speaker AThe one thing that a lot of people will be asking, I'm sure they'll continue to ask this, this time around, is how do I simplify my operations?
Speaker AOkay, about losing precision or adding precision.
Speaker ARight.
Speaker ATo get smarter, but simplify.
Speaker ASo in other words, like when they say simplify, they don't want a bunch of apps, they don't want their use, they don't want their associates logging into a bunch of different things.
Speaker ASo, so how do they do that?
Speaker AAnd then we'll obviously answer with how G Store is so easy to adopt.
Speaker AAnd, and you know, our customers, they all love it.
Speaker AThe associates that are using it, they all love it.
Speaker AIt's not a pain.
Speaker AAnd, oh, I have to use G Store.
Speaker AIt's like, it makes their here.
Speaker ABut I think where you're going, the number one challenge for us is the skeptical executive.
Speaker ASo you have the tech people that walk around nrf, right?
Speaker AAnd they're like, looking for the next cool thing.
Speaker AAnd those are easier people to talk to about things like.
Speaker CRight.
Speaker AThey're super curious.
Speaker ARight?
Speaker CIt's.
Speaker AI talked to a CFO of a big fashion retailer this week, okay.
Speaker AAnd it was, it was, you know, like you can expect with somebody like that.
Speaker AQuick, hard hitting, right to the point.
Speaker AHe says, my team has told me this stuff doesn't work, right?
Speaker AThis overhead RFID doesn't work.
Speaker ASo here you are talking to me.
Speaker AWhat, what do you say about that?
Speaker AAnd I said, well, we're.
Speaker AWe have hundreds of stores, hundreds of stores moving into the thousands on this overhead RFID technology that are live and working great.
Speaker AI don't want to make your team look wrong.
Speaker AWell, maybe I do.
Speaker CRight?
Speaker AI said take the challenge.
Speaker AI'll go out to your store and show you that this will work.
Speaker DAnd.
Speaker AAnd he took, he took us up on that.
Speaker ASo we're going out to a couple of stores, one in Texas, one over in Chicago where I'm at, and we'll show them how this is going to work.
Speaker ASo there's a.
Speaker AI guess the answer is a very skeptical executive that is not aware that this step changes happen.
Speaker AThere's only a few hardware companies that can provide this level of accuracy and we're working, working with them and then combined with our software we can provide it.
Speaker ASo it has to be a quick answer from, from us, from me to say no, this does work.
Speaker ANow your team tested the wrong stuff or too early in the process.
Speaker CYeah.
Speaker CSo that, so that's great because that's actually gonna.
Speaker CMy number, my second question, my number two question was actually gonna be okay so then for those that have invested with you in, in the G store concept, I'm curious, like why did they invest in it and what benefits are they actually seeing from it?
Speaker AWhat I referenced earlier about the, the replenish thing now that not what I would have guessed.
Speaker ASo I would have guessed accuracy for client telling.
Speaker AKnowing exactly where everything is.
Speaker AI'm going in the store.
Speaker ADo you have the.
Speaker AI say size small but that would be not very believable.
Speaker ABut do you have the size small for me?
Speaker AAnd I thought that would be the number one thing.
Speaker AThe number one thing by far and away right now is getting the stock where it needs to be during the busy parts of the day or the week so that there is never a moment where your customer is walking by sales captures.
Speaker AYes, exactly.
Speaker AConversion of the in store traffic.
Speaker AIt is super huge.
Speaker AIt's where even the software we have people are pushing.
Speaker ACan I get this?
Speaker ACan I get that?
Speaker ANew features and stuff like that related to replenishment.
Speaker ASo that is the biggest game changer for them.
Speaker AThe clients that we have doing this right now.
Speaker AThat's the biggest benefit roi.
Speaker AAll that is in getting that stock out to the right spot in the store.
Speaker AThere's a lot of other cool things.
Speaker ALike Ann mentioned the, you know, requesting stock back to the changing room.
Speaker AThose are, those are experience changers.
Speaker AThose are the things that make it on TikTok.
Speaker ARight.
Speaker ALike look at what this company has, you know, kind of stuff.
Speaker ABut replenishment is the big game changer.
Speaker AAnd then, and then along with that will come all the corporate level analytics and heat mapping and all that kind of stuff.
Speaker ERight.
Speaker AThe insights that we provide.
Speaker BTroy, I want to thank you so much for taking time today to just give our listeners a quick overview of why they should come visit the booth.
Speaker BBefore we let you go, I need to know what is your number one guilty pleasure when visiting New York?
Speaker BTroy?
Speaker AI love all the walking.
Speaker AWe don't get that in the Midwest, so the walking, picking up a car.
Speaker CGet that in the Midwest.
Speaker AYeah, you're Midwest.
Speaker FYou know.
Speaker AYou know, we don't get as much.
Speaker CWe don't walk in the Midwest in winter.
Speaker AWe don't.
Speaker AWe don't.
Speaker AYou walk in New York.
Speaker GYeah.
Speaker ASo I, I just love interacting at the show with all the people.
Speaker AWe're all so interconnected.
Speaker ARight.
Speaker AI love interacting with the other companies, the retailers.
Speaker CYeah.
Speaker ACompetitors.
Speaker AYou even have fun with the competitors, right?
Speaker BYes.
Speaker ACoffee or a beer with them.
Speaker ASo my guilty pleasure is just getting around and seeing people.
Speaker BI say, okay, well, Troy, if people want to share the joy of walking with you and they want to stop by Grey Orange and G store's booth at NRF, where should they go?
Speaker A3974.
Speaker ASo please stop by and say hi.
Speaker AWe'll be in some other booths too with some of our partners, but that's our main booth.
Speaker BAll right, go check them out.
Speaker BThanks so much.
Speaker CJoining us next is Corso CEO Julian Mills.
Speaker CJulian, welcome back to omnitok.
Speaker CAre you getting excited for nrf?
Speaker DI'm very excited, Chris, Very excited.
Speaker DAnd thank you very much for having me.
Speaker BWell, Julian, remind those who might not be familiar with Corso or who are meeting Corso for the first time, you know what Corso does and some of the retailers that you work, work with.
Speaker DYeah, sure.
Speaker DSo Corso is a co pilot for store managers or store leaders and above store leaders, so district managers, region directors, etc.
Speaker DAnd really what it does is three things.
Speaker DThe first thing is it helps them drive the performance of their business to drive sales improve, shrink, et cetera, by translating data into simple next best actions them every day.
Speaker DThe second thing it does is that it saves a lot of their time.
Speaker DSo the average store manager is spending something like 10 to 15% of their week reading dozens of reports, looking across about 20 different systems and applications to try and work out what to do.
Speaker DAnd it brings all those together in one place.
Speaker DAnd then the third thing it does is it really simplifies and kind of unifies your system.
Speaker DSo instead of having to use lots of different point solutions, it can bring it all together in one place, reduce your total cost of ownership and kind of make usage Much easier for your managers.
Speaker CAnd then, Julian, who are some of your current customers?
Speaker DYeah, sure.
Speaker DSo we were very lucky.
Speaker DWe work with about 10 of the top 25 retailers in North America.
Speaker DSo we work with people like Dollar General Track Supply, Walmart, Mexico, cvs, folks like that.
Speaker CWow, that's a hell of a roster, actually.
Speaker CI mean, we've known you guys for I think, four or five years now.
Speaker CKudos to you for building that roster over that time.
Speaker CI'm curious too.
Speaker CI'm curious too, Julian.
Speaker CSo, you know, productivity, increasing the productivity is something you kind of just alluded to.
Speaker CIs that something you're seeing retailers invest in more of across the range of retailers that you're servicing?
Speaker CWhat's your perspective on how retailers are looking at their investments in that space?
Speaker HYeah, it's really interesting.
Speaker DSo this year I've heard something a little bit different from previous years, which is the manager jobs just got impossible.
Speaker DThere's just too many different applications, too many different reports, too many different dashboards.
Speaker DIt's just overwhelming and bewildering and we don't actually know, or they don't actually know what to do.
Speaker DAnd so I think what we're hearing on the productivity front from a lot of people, particularly the big grocers, is how do I just bring that together in one place and have one simple tool that kind of guides people's daily work and integrates all of the work that's sitting in other systems.
Speaker DSo that, that's very top of mind for a lot of people at the moment.
Speaker BYep.
Speaker CAnd so, and so, so Julian, just follow up question.
Speaker CAnd so, Julian, are you seeing that more companies are putting this on their technology priority roadmap then as well?
Speaker DYeah, I, I think, you know, and this is amazing for someone who founded the business on paternity leave in my shed.
Speaker CYeah.
Speaker DBut you know what's really amazing is I'd say most of the larger retailers in the, in, in the US at the moment kind of have us somewhere on their radar.
Speaker DAnd there are different stages.
Speaker DSome are like, yeah, we're going full steam ahead.
Speaker DAnd some people are going, this is great, but you know, it's something for next year.
Speaker DBut I think everyone is trying to solve this problem at the moment.
Speaker BAnd you mentioned a lot of major names that you're working with.
Speaker BWalmart, Mexico, tractor supply company, cvs, just to name a few.
Speaker BWhen you're talking to those executives, you're sitting at the table with them as they're planning for 2025.
Speaker BTalk to us a little bit about what Their priorities are in terms of technology investments, especially store.
Speaker BYou talked about productivity being number one, but what are some of the other things that you're hearing from them?
Speaker DMost retailers we're speaking to are very interested in things that can continue to improve store processes.
Speaker DSo there's a lot of interest in improving availability, improving markdowns and stuff like that.
Speaker DThere's also always interest in opportunities to improve associate productivity.
Speaker DAnd then I think the, you know, the, the exciting got working yet is computer vision where, you know, it's beginning to come of age, important to keep an eye on it.
Speaker DBut, you know, is it there yet?
Speaker DI'm not quite sure.
Speaker BWell, and it gets into the important role then that computer or that, you know, productivity applications, single point of view dashboards like Corso kind of come into play there too, to kind of help them understand, help the associates in store really understand what's going on and what their priorities are for the day.
Speaker BIt sounds like.
Speaker HYeah.
Speaker DAnd I think the problem is, I mean, all of these cool new technologies are just yet more data, more applications, you know, and so that's how something like Corsair becomes even more important as a way of kind of bringing them together.
Speaker CJulian, when we've had you on in the past, you've talked about how, you know, store associates are drowning too.
Speaker CIs that also why you mentioned that, you know, a lot of retailers are just focused on helping their employees get stuff done that needs to get done regardless of productivity, just as a kind of lifeline or a life raft to help them day to day.
Speaker CIs that, is that also a part of this message?
Speaker DYeah, I think so.
Speaker DI mean, I, I think that many retailers are moving on, I think from many of the larger retailers are moving on from the kind of classic task management world where, you know, go do this and someone ticks a box and says, I've done it, and you don't actually know if they've done it or not.
Speaker DYeah.
Speaker DSo I think many of the more sophisticated retailers tried that six, seven years ago and are now starting to say, well, actually, how do I use data to know if someone did it or not and how do I use data to know if someone needs to do it?
Speaker DOkay, so I think we're seeing a lot of interest around that.
Speaker DSo, you know, classic case would be someone says they've done kind of price changes actually, you know, are you seeing lots of price overrides at the checkout which suggests that they haven't done it hasn't happened.
Speaker DWhy is that not happening?
Speaker DIs it because, you know, A device is broken or is it because the associate hasn't been trained properly?
Speaker DAnd so I think we're seeing lots of people using data to kind of get under the hood of these, those kind of problems and to run it up the chain, to flag it up the chain so that you can then put in place fixes which are going to kind of solve those problems going forward.
Speaker ERight, right.
Speaker CAnd hence the application of computer vision, like you said, so that on the margins you can start to understand that even better and monitor what's actually happening in your stores.
Speaker CAll right, so those watching, they're going to be.
Speaker CThose watching, some of them are going to be at nrf, some of them are going to stop by the booth.
Speaker CWhat's the one thing you want our listeners or watchers to take away from a quick stop by the Corso booth at NRF this year?
Speaker DWhat we're going to be demonstrating this year is the way that you can link together these kind of missions to automate whole management processes.
Speaker DSo let me give you an example.
Speaker DI was visiting stores in Denver a couple of weeks ago, and Corso sent a mission to the meat department manager of a grocery store saying, you've got 7,000 bucks of chuck steak that's going to expire in three days time, and that's going to cost you about, you know, thousands of dollars.
Speaker DYou're going to write it off.
Speaker DOh, and by the way, you've got another $4,000 that's going to get ordered automatically in the next few hours.
Speaker DSo you need to cancel that order and get this chuck steak out onto the sales floor on markdown.
Speaker HOkay?
Speaker DNow, what had happened is that was the first mission.
Speaker DWhat had happened is that meat department manager hadn't acted on it within a couple of hours.
Speaker DAnd so it got escalated to the store manager, and the store manager got a message to say, you've got a problem here.
Speaker DActually, you've had two or three problems like this in the last day or two in the meat department.
Speaker DYou need to go there and coach the meat department manager to fix it.
Speaker COkay?
Speaker DSo between them, they did get, you know, the meat out on the sales floor or markdown.
Speaker DThey canceled the additional order, and as a result, they reduced waste, you know, and actually, you know, they banked the sales from that item.
Speaker DSo that's, that's the kind of thing we're trying to illustrate.
Speaker BIf that makes this is like choose your own adventure on the iPad in the booth.
Speaker CIt's exactly, exactly.
Speaker DAnd we have all sorts of products.
Speaker DIt's not only Steak.
Speaker GSo there we are.
Speaker DWe have vegetarian.
Speaker CWell, it's a great example, too, because it shows you how you can improve execution at the store level, but then also improve your management team and their knowledge of what's going on in the store by the same use of technology.
Speaker CSo that's a pretty impressive example, Julian.
Speaker DYeah, well, thank you.
Speaker DAnd I think the other thing we're trying to do is just reduce duplicated work.
Speaker DSo, you know, there's a lot of managers who walk around checking things that someone's already checked, but actually, if you can only escalate to them, things that you know are wrong, everyone gets a lot of time back.
Speaker CI always wish I had your tech when I was running stores, man.
Speaker CI always wish it for sure.
Speaker C100%.
Speaker CThat is a great answer.
Speaker BJulian, we've had some fun with you while we're in New York, and we are asking everyone that we're talking to today about what your favorite thing to do is while you're in New York or at nrf.
Speaker BDo you have anything that you'd like to share with the audience?
Speaker DWe go on an early morning run through kind of Battery park and, you know, the river, etc.
Speaker DSo if you're an early bird and you feel the need to kind of clear your head, do come and join us for that.
Speaker DIt's a great thing to do.
Speaker DAnd, you know, you can enjoy your pints night before even more.
Speaker CWell, Julia, thank you.
Speaker CThank you so much.
Speaker CThat was great.
Speaker CAlways informative.
Speaker CBefore we let you go, where can listeners find you?
Speaker CActually, at NRF next week.
Speaker DSo we're at booth 515 on the lower floor.
Speaker DCome and find us.
Speaker DIt should be pretty visible, or if you're not an nrf.
Speaker DAnd this just sounds interesting, do connect with me on LinkedIn.
Speaker DJulian Mills at Corso on LinkedIn.
Speaker CThanks, Julian.
Speaker BJoining us now is VUISION Group Senior Executive Vice President for Marketing Strategy and Communications and the CEO of UK and Ireland at Vision Group, Roy Horgan.
Speaker BWelcome back to omnitalk.
Speaker BThanks for joining us today and thank you very much.
Speaker GIt's a real pleasure being here with yourself and Chris.
Speaker GThank you for having me.
Speaker BWe're really excited to have you.
Speaker BAnd Chris, as people should know, we are going to be live streaming all of our interviews from NRF from Roy's booth, the Fusion Group booth.
Speaker BAre you excited, Chris, for yet another year of nrf?
Speaker COf course I am.
Speaker CI think this is our third year, right, Roy?
Speaker CThird year that we've been doing it?
Speaker CYep.
Speaker CA third.
Speaker CYeah, I think third year.
Speaker CSo I Can't wait.
Speaker CWe've got a good lineup already in place and it's going to be a blast.
Speaker CI can't wait to get to it.
Speaker GAnd I finally got my way this year for Omni Talk.
Speaker GSo we have a surprise for all our guests and customers and partners.
Speaker GSo we're really looking forward to it.
Speaker GSo thank you again for being our partner.
Speaker CThank you, man.
Speaker CThe next few days can't come soon enough.
Speaker CAll right, so for those, for those that are maybe new to the Vision Group or not familiar with what the Vision Group does, who have not seen our coverage for the past few years, and I don't know where they've been hiding if that's the case.
Speaker CBut, but in case there are any of those folks talk about what it is the Fusion Group does and who are some of the retailers you're working with too?
Speaker CBecause if memory serves, you work with some of the biggest retailers out there.
Speaker GFusion Group is essentially a data and IoT business.
Speaker GAnd what that essentially means and like cutting out, I suppose, the technical jargon, we help retailers in terms of their pricing, operational efficiencies and solutions like local E commerce.
Speaker GSo in store picking we look at and this year we'll be focusing a lot on solutions like in store E commerce, fulfillment.
Speaker GFood waste is a big topic of ours this year and what we're world famous for is the world's largest digital pricing company.
Speaker GSo we'll more of the features that you're used to and then you're going to see a lot more how we bring solutions to the shop floor to solve problems and the impact of those solutions.
Speaker GSo that the story this year will be very much around bringing the products to solutions and bringing the solutions to an impact from, from a customer's perspective.
Speaker BOne of the sessions that I'm going to be doing at NRF is with Philippe, your CEO, and then also Cedric Clark, the head of store operations for Walmart.
Speaker BYou rolled out digital shelf labels, which you were just talking about with Walmart this, you know, at the beginning of this year.
Speaker BThat was kind of the big news coming out of NRF last year.
Speaker BBut what do you kind of think in terms of further penetration of things like, you know, these smart store platforms and technologies that Vision Group has to offer.
Speaker BWhat do you think that's going to look like and how is it going to expand in 2025?
Speaker GYeah, well, you know, it's one of the proudest accomplishments of our businesses is to successfully deploy our solution at Walmart.
Speaker GWe have many customers.
Speaker GWe're a 30 year old business and we have some of the largest retailers in the world.
Speaker GBoth.
Speaker BYeah.
Speaker GIn Europe, APAC and now North America.
Speaker GYou know, I think it's been a journey.
Speaker GRight.
Speaker GSo if you think about the simple things, it's just the execution of pricing.
Speaker CRight.
Speaker GSo beyond that it's creating, I suppose, digital connected stores and that will be the message.
Speaker GWhat we're going to see in 2025 is we're going deeper into the connected store where you connect the supply chain to the store, the store to the store, colleague, store colleague to the shelf and so on, so forth.
Speaker GIt's getting a full view over, I suppose, a 360 view essentially.
Speaker GAnd we're going to be launching at NRF a product called Fusion, Fusion Live, which essentially is the way we connect all our products and solutions together.
Speaker GAnd I think you're going to see that in 2025 we're going to go faster, we're going to go deeper into conversations with retailers and hopefully we're going to have bigger impacts and outcomes.
Speaker GAnd in 2025 and in January, hopefully we'll announce some new customers to our ever increasing, ever exciting customer base.
Speaker CThat's a good tease, Roy.
Speaker COkay, so I want to put you on the spot a little bit.
Speaker CI want to get down to, down to brass tacks, put you on the hot seat a little bit here too.
Speaker CSo, you know, Ann and I've long been a proponent of electronic shelf labels, you know, for a number of years now.
Speaker CAnd the one thing that's really interesting to us is as you're describing it, they're kind of, they can be a key linchpin to the smart store design and in terms of how stores are going to operate in the future.
Speaker CSo as you look at, as you look at that kind of conceptually, what is the value chain of different things that get unlocked as you start to ladder up the different technologies that can coordinate together across the store?
Speaker CWhat are those in your mind?
Speaker CWhat are the biggest ones that you're selling to retailers as you talk to them day in and day out?
Speaker GIn my mind, in terms of like, first and foremost, one of the challenging things and one of the things that we've seen in recent years is the ability to execute in terms of in store.
Speaker GWhether we've seen before it was Covid, now it's the challenges that we're seeing in terms of maybe even labor shortages in stores.
Speaker GSo again, it's doing the basics well.
Speaker GRight.
Speaker GSo that's the start of it.
Speaker GAnd when you do the basics well, then you can Leverage that.
Speaker GAnd what I'm saying, what we've launched in 2024 at NRF was a product called Ed Sense.
Speaker GAnd Ed Sense is our gateway to the connected store.
Speaker GSo very simple thing, how do you, and this is the questions, you know, the questions that we hear the whole time from retailers are I want to know what's in my store, right?
Speaker GI need to know what's in my store.
Speaker GI want to create, I want to create that and turn that into digital assets.
Speaker GIn order to do that, you're going to have to do a couple of things.
Speaker GYou're going to have to understand where products are on the shelf, how many products are on that shelf, what data solutions can, can give you the insight and what kind of task management and navigation tools can bring you around the store.
Speaker GWe're essentially delivering solutions that will allow retailers have much more confidence to create digital assets as their physical stores and improve their operational efficiencies.
Speaker GYou know, in store, picking on shelf availability, execution and pricing, ability to compete against their, their, their competitors.
Speaker GImproved technologies to improve loyalty and customer experience, to free up the associates and essentially create.
Speaker GAnd I'm not like we're not the savior in retail, right?
Speaker GWe're just incrementally improving operational efficiencies.
Speaker GBut hopefully if we're successful, you have better run more profitable stores, happier customers, happier customer associates and ultimately shareholders win.
Speaker GThat is what we're after.
Speaker GAnd if we even get half of the way there, we're, we're, we're, we're in on a good path.
Speaker CYeah, yeah, yeah.
Speaker CSo I wanna, okay, so I want to keep you on the hot seat then.
Speaker CSo say, say you're, say you're selling that story to, you know, Joe retailer, ex retailer.
Speaker CWhat is it that they most commonly ask you back or how do they, what do they ask you to kind of prove your mettle, so to speak, in terms of that story?
Speaker GYeah, very simple things.
Speaker GWhat sets you apart from the competition?
Speaker CRight.
Speaker GAnd it's not the competition.
Speaker GWe've invested over the last 30 years in, heavily invested in research and development, in IoT technologies.
Speaker GSo that's everywhere from Wi Fi in the stores to moving from WI fi to Bluetooth, to looking at how do you run IoT networks in a physical store and how do you interoperate data?
Speaker GWe do that at scale.
Speaker GSo the scale and the infrastructure that we've built out with our partners, essentially it's taken us 30 years to go to about 40,000 stores and half a billion devices.
Speaker GWe're going to do the same in two years.
Speaker GSo it's the scale.
Speaker GYeah, it's a lot and it's happening.
Speaker GRight.
Speaker GSo that's what sets us apart.
Speaker GAnd to do that in a secure environment, managing hundreds of millions of devices across multiple jurisdictions, using the highest standards in terms of IoT security and data like this is, this is not trivial.
Speaker GAnd I think you cannot basically disseminate down between one solution to another just on the basis of a very simple thing.
Speaker GWhat's the cost of that?
Speaker GRight?
Speaker GWhat the cost is your, the.
Speaker GDo you value your security, your infrastructure, the future of your business in the connected store, your ability to compete, but both now and into the future.
Speaker GSo that essentially sets us apart.
Speaker GAnd that's, that's hopefully the story that, you know, myself and my colleagues will be telling and hopefully successfully engaging with our, our visitors.
Speaker GThat as on booth 4938 on the third floor at Java center in Manhattan.
Speaker BWell, in booth 4938.
Speaker BRoy, I'm curious, you know, you've said so much like what, what do you hope that people visiting, like what's one thing they should ask about?
Speaker BYou mentioned you got a new announcement coming out with Vision Groups Live Store.
Speaker BLike there's other, other technologies now to your earlier point, like it started maybe with digital shelf labels, but now as you get to this intelligent store, there's so much more that retailers can now build upon that foundation that they may have started with or may have come to Vision Group looking for, you know, five years ago.
Speaker BWhat do you, what do you hope that they really ask about or, or, or talk with your team about in the booth this year at nrf?
Speaker GYeah, it's, it's something we, we spoke about last week on our, one of our scoping meetings for nrf in terms of our planning sessions really where we want customers and partners to leave.
Speaker GIs that a sense that there is a path and they understand the path to the Connected store, that there is a path to digital transformation, that they understand that there is a foundation that they have to invest in and when the foundation is strong that then they can build on that.
Speaker GSo when I, when hopefully we don't over overwhelm them with technology or jargon.
Speaker GIt's, it's a very simple thing.
Speaker CRight.
Speaker GIf you want to have an effective online e commerce strategy in your physical store, you have to have stock on that shelf.
Speaker GYou have to know where that is.
Speaker GYou have to have pickers, you have to have to do it in an efficient manner of navigating around the store.
Speaker GAnd we will bring you through the solutions and hopefully the case studies from people who have done it before them or are in that journey and that they feel that they leave with a sense of confidence that they feel with a sense of excitement.
Speaker GAnd the next step is that they hopefully have a call to action.
Speaker GThey go back to their businesses and they go, let's start or let's go faster.
Speaker GAnd then that, to me, is the impact of these things.
Speaker GBecause, look, we know that, you know, there are probably because of the time we've been in the market, we've had conversations with practically most retailers.
Speaker GIt's not like there's a lot of new entrants in.
Speaker GBut what we have to have is have better, more quality conversations.
Speaker GAnd these shows are not.
Speaker GIt's not about lead generation.
Speaker GIt's about, once again meeting our friends and colleagues and customers that hopefully have challenged us to do more in 2024 and set the bar high for us in 2025.
Speaker CIt's about the two P's.
Speaker CYou want them to understand the possible, get excited, inspired by the possible, and also be focused on the profit that you can obtain from working with a company like yourself.
Speaker CRight.
Speaker GThank you, Chris.
Speaker GEvery store has the ability to be better.
Speaker CWrong.
Speaker CYep.
Speaker C100.
Speaker CAll right, Roy, we got to get you out of here on this.
Speaker CWe've been asking everybody this question.
Speaker CWhat's.
Speaker CSo you're going to be in New York.
Speaker CWhat's one favorite thing you like to do outside of the Javits Center?
Speaker CEven though, you know, time outside the J Saturday is usually pretty sparse, but if you get time, what is the one thing you like to do?
Speaker CWhat's your one guilty pleasure?
Speaker GI have two.
Speaker GRight.
Speaker GI love running in the park.
Speaker GLike, there's absolutely, you know, you wake.
Speaker GWe wake up early, we get on the road and we go running into the park.
Speaker GAnd I love going down 3rd Avenue.
Speaker GI'm Irish.
Speaker GRight.
Speaker GSo I go down and find some bars and 3rd Avenue and see some of my friends that have been in New York since I've been in university.
Speaker GSo I.
Speaker GYeah, some.
Speaker GSome of it is very wholesome and some of it is a little indulgent in terms of a couple of Guinnesses in.
Speaker GIn.
Speaker GIn on 3rd Avenue.
Speaker GSo.
Speaker BOh, my God.
Speaker BLove it, Love it.
Speaker BI.
Speaker BChris, so many people that we've talked to are running in the morning.
Speaker BI don't know how people are finding.
Speaker CThe time, but it's making me feel quite slovenly already.
Speaker BYeah.
Speaker CNot even out there yet, you know, but the running shoes.
Speaker GIt's been awake at 3am that's right.
Speaker CYou guys are up earlier than we are.
Speaker CThat's right.
Speaker BOh my gosh.
Speaker BOh, boy.
Speaker BWell, Roy, thank you so much for taking the time to share all of Vision Group's NRF plans with our audience today.
Speaker BOne more time, just remind people where they can find Fusion Group and OmniTalk at NRF.
Speaker GWe are on booth 4938 on the third floor.
Speaker GAnd you can't miss us because just follow the big V.
Speaker GAnd as I said, you're going to see omnitalk live.
Speaker GAnd we're really looking forward to hosting omnitalk with you, Ann and Chris and also welcoming back our customers, colleagues, friends, partners in New York.
Speaker BThanks, Roy.
Speaker BJoining us now is Scandit co founder and CTO Christian Florchmaier.
Speaker BChristian, welcome back to omnitok.
Speaker BIt's been a while.
Speaker HI know, I know.
Speaker HI'm glad to be here.
Speaker HThank you.
Speaker CFor those out there that may not be familiar with Scandit and you know, maybe new to Omnitalk as well, watching us for the first time, why don't we start by giving a little bit overview on what skin it is, what it doesn't, and also who's in your customer dossier.
Speaker CI'm always curious to hear about that as well.
Speaker HYeah, good question.
Speaker HSo I mean, at Scandit, we provide smart data capture solutions that power a lot of retail processes across the stores for store associates, but also for consumers.
Speaker HReally supporting the shopping journey and helping retailers unlock return on investment, uplift revenue and also really drive a better store experience for the store associates.
Speaker HBut as well, you know, as well for the, for the consumer and consumer experience.
Speaker HRight.
Speaker HAnd this is really across many processes in retail, including shelf intelligence, supply chain, Omni Channel, and as I said, enhancing the customer experience.
Speaker HSo we digitize physical assets, we automate workflows, we drive efficiency all the way from the supply chain to the shop floor.
Speaker HAnd we're doing this by capturing backwards really quickly capturing text price labels, but also recognized products.
Speaker HTop stock on the shelves in the back room with computer vision and machine learning.
Speaker HSo really around unmatched speed, really high accuracy and intelligence in some way.
Speaker HAnd to your question about who we're working with is six out of the top, top 10 global retailers work with us.
Speaker HEight of the top 10 US grocers work with us.
Speaker HAnd this includes in the US Levi Strauss, Sephora, Instacart, Shipt, Seven Eleven, CVS, Health, L'Oreal, just to mention a couple.
Speaker HRight.
Speaker HSo like a couple.
Speaker HAnd then globally it's decathlon Aon.
Speaker HSo like lots of companies and as I mentioned, really across both.
Speaker HRight.
Speaker HConsumer experience as well as store associate experience.
Speaker CYeah.
Speaker CI always love, I always love when we, when we ask that question and, and we get like we're working with 8 out of 10 of the top global retailers or 8 out of 10, whatever, you know, whatever Christian just said, 8 out of 10 of the top US resellers.
Speaker CYeah.
Speaker CI'm always like, who are the two that aren't working with you?
Speaker CLike, what?
Speaker CYeah.
Speaker CWhat's up with them?
Speaker CLike.
Speaker BRight.
Speaker CWhy have they not got the punchline to the joke?
Speaker CLike, I don't understand that.
Speaker CIt always blows my mind whenever we hear that.
Speaker CBut anyway, yeah, look, I say that.
Speaker HTo our sales team too, to be honest, so.
Speaker CRight.
Speaker BWell, Christian, I'd love for you to dive in a little bit deeper too.
Speaker BWe know that investing in technology that will support associates is going to be huge this year at nrf.
Speaker BBut can you elaborate a little bit on specifically some of the things that you've seen are improving Associates lives after scan.
Speaker BIt's been kind of deployed within a retail organization, especially one of the top, top, you know, 10 retailers in the, in the world that you mentioned.
Speaker HSo, so one of the things we've really focused on is, is, is lately is for a while at Scandit, you know, we really focused on, or in the early days of Scandit, we really focused on just bringing reliable backward scanning to smartphone devices in consumer as well as in store associate use cases, releases.
Speaker HAnd but more recently we really noticed that the, there's a lot of, you know, yes, you can make the backward scanner, you know, a little bit faster and have a little bit more range, but it actually really doesn't drive employee productivity that much.
Speaker HRight.
Speaker CIt's.
Speaker HIt's a nice problem to work on, but when you really look at the store associate, it's, it really doesn't make that much of a difference.
Speaker HWhat we have noticed is there's a, there's a lot of like really tedious tasks where scanning a backord just a little faster and a little further away really doesn't make much of a difference.
Speaker HAnd we really focus on solving some of those.
Speaker HLike one of them was.
Speaker HIs.
Speaker HIs what we call smart label capture.
Speaker HRight.
Speaker HSo the idea of that, we don't just read the barcode on a label, but we read all of the information.
Speaker HAnd that could be the price and promotions, but this could also be for, for weighted items, the information on the weighted item.
Speaker HSo for example, we work with one.
Speaker HWith one.
Speaker HOne of Those large retailers I mentioned and they used to have a process where you know, weighted item, chicken, whatever, meat products, whatever.
Speaker HRight.
Speaker HThey, they as a, as a store associate in, in the order picking, you scan the barcode but then you need to go and enter the other information like the weight, the price per weight.
Speaker HAnd that is not only a tedious task for the store associates, but you also tend to make mistakes and you make mistakes quite frequently.
Speaker HSo we delivered a solution to them where they no longer had to do this.
Speaker HRight.
Speaker HIt actually didn't matter what had to be read.
Speaker HWith our technology we not only read the barcode, but we read all of the information on the label.
Speaker HAnd then in some way, I hate to almost say it, but in a true AI sense our solution does what the human does does.
Speaker HIt reads all the labels.
Speaker HIt says somewhere it says wait.
Speaker HThen it reads a number underneath it and it reads there's no other number around it.
Speaker HAnd now it knows like oh, the number underneath is actually the weight.
Speaker HAnd it can also read the expiry date with similar mechanism.
Speaker HSo it's like true intelligence built into the solution.
Speaker HSo the user doesn't need to need to go and do any of this association anymore, but our solution just captures all of this information.
Speaker HAnd the retailer I mentioned to, they deployed this and they avoided up, I think they 1.3 million in annual revenue losses from undercharging customers because they were making mistakes when they, when they were printing these weighted items just from this.
Speaker HRight.
Speaker HAnd this is not the productivity benefits from, you know, the store associates don't like typing this information in either.
Speaker ARight.
Speaker HI wouldn't like it.
Speaker HYou wouldn't like it, right.
Speaker HIs that aside just 1.3 million from mistakes they were making.
Speaker ARight.
Speaker CBottom line improvements that easily.
Speaker CYeah, exactly.
Speaker HAnd, and I, I think what we're seeing overall with, with you can apply the same to like price and promotion checks.
Speaker CRight.
Speaker HWhere we're today, the process is super tedious.
Speaker HPeople enter it and, and, and we've, we've, we've, we've, you know, had, had like we had, we had a customer deploy our price and promotion checks with the same technology.
Speaker HRight.
Speaker HLike you, you, you know, don't just read the barcode, but you actually read the entire price label.
Speaker HChecks and price checks was the process that people just hated in the stores.
Speaker CRight.
Speaker HIt was so tedious.
Speaker CRight.
Speaker HAnd to be honest, I don't know which store source it actually likes doing price checks.
Speaker HAnd now it was literally just hovering over the labels, moving along, moving, not only making the 7x faster, but actually really improving the experience for the store associates.
Speaker HSo we do think the sort of idea of an AI powered scan engine is the way forward.
Speaker HRight.
Speaker HLike just doing backward scanning, of course supports important processes, but we're seeing there's actually much more where you can shift these tedious tasks to technologies and store associate can just get much more efficient.
Speaker HAnd on top of that, you know, most, a lot of retailers, they're all, they're all worried around, you know, higher weight labor costs and overall that impacting their bottom line and you know, availability of labor is the other problem.
Speaker HSo doing things faster and more efficient doesn't only help the store associate but also address some of these challenges with overall labor costs.
Speaker CSo I'm curious too, Christian, as we're going into nrf, those watching this are getting excited about it.
Speaker CIt's in a few days we're starting 2025.
Speaker CWhat are the retail executives that you've been talking to asking for?
Speaker CI'm curious what is on their minds?
Speaker CWhat problems are they asking you to.
Speaker HHelp them solve labor costs?
Speaker HAnd how can I operate more effectively?
Speaker HHow can I address my labor challenges and how can I go and do this with less specialized teams?
Speaker HAnd then how can technology help us with this?
Speaker CRight.
Speaker HLike we spend a lot of time at scanned on most recently on shelf management and shelf auditing and which is a task that's actually quite tedious.
Speaker HAnd as part of this we've seen that and especially also driven by, by the boom in E commerce, especially with grocery retailers, there's been real like a real thought around like how can I go and do better inventory management?
Speaker HBecause with higher on shelf availability I can reduce my substitutions when I do in store picking.
Speaker HAnd at the same time I can see some real lifts in revenue by optimizing shelf availability.
Speaker HRight.
Speaker HAnd we've seen that in some of the pilots we've, you know, some of the deployments we've been running with our shelf your technology that we also be showing and we are announcing some exciting changes showing them in NRF with our shelf view capabilities.
Speaker HThat's out of shelf monitoring.
Speaker HWe've really seen a very direct return investment where you can seeing that people who deployed either camera, it's sort of mobile or fixed camera technology to observe the shelves.
Speaker HThey've seen an increase in their on shelf availability like above 95% and then you know, impacting their margins with sort of a 1.5 to 2% increase in, in sales.
Speaker HRight.
Speaker HAnd if you're talking, you know, 2% increase in sales where we are today, that's actually a pretty significant number.
Speaker HSo we are seeing these kind of thinking from retail executives around how can I optimize my stores, how can I improve my e commerce processes, but in a scalable and in a way that actually ideally makes my labor force more efficient.
Speaker BWow, Christian, there is no doubt so much that people have to check out.
Speaker BAnd you mentioned you have a special announcement.
Speaker BYou'll be showing off the new shelf view technology.
Speaker BShelf view, right.
Speaker BThat's what it's about.
Speaker HYes.
Speaker HWe actually acquired a company and so we have.
Speaker HOur shelf you're offering is much more than it used to be.
Speaker HSo we're not only doing mobile, but we also offer additional capabilities.
Speaker HSo you can.
Speaker HPeople can check it out.
Speaker HBooth 3339 at NRF.
Speaker BAll right.
Speaker BThat sounds amazing.
Speaker BWell, Christian, there's one more question we have to ask you before we let you go quickly.
Speaker BAnd that is not related to retail technology or scanned it yet.
Speaker BIt's what your favorite thing is to do while you're at NRF and in New York.
Speaker BWhat is that, Christian?
Speaker BWhat do you.
Speaker BWhat's your guilty pleasure while you're there?
Speaker HLook, I tell you what.
Speaker HI, I used to, you know, when I grew up, I did played a lot of tennis and I came in the summer and I really got into pickleball.
Speaker HSo I bought myself and I'm gonna go and see whether I can.
Speaker HI can find someone to go and play pickleball with me in New York in the summer.
Speaker HIn the winter now, not in the summer.
Speaker CIn the winter.
Speaker CDid they not have pickleball over there?
Speaker HNo, it's like we just got paddle and.
Speaker HAnd that's been really popular.
Speaker HI think there's one club now over here that, that actually offers pickleball.
Speaker HBut I'm, you know, I bought my equipment.
Speaker HI'm gonna bring it to New York and see maybe I can find someone to play pickleball.
Speaker BOh, my God, I love it so much.
Speaker BI cannot wait.
Speaker HYou know, maybe I challenge you for a game.
Speaker HSo there we go.
Speaker CBe a short game.
Speaker CI don't think I'd stand a chance.
Speaker CAll right, man.
Speaker CWell, thank, thank you so much, Christian.
Speaker CThanks for joining us and good luck at NRF and we'll.
Speaker CWe can't wait to see you out there.
Speaker HSounds good.
Speaker HThanks, guys.
Speaker HTake care.
Speaker CJoining us now is Microsoft's vice president of worldwide retail and consumer goods, Keith Mercier.
Speaker CKeith, welcome to the show.
Speaker IThank you so much for having me.
Speaker ISo excited to be here, Keith.
Speaker BWe're super excited to have you?
Speaker BObviously our listeners are familiar with Microsoft.
Speaker BWe were joking before we got on this podcast recording.
Speaker BBut let's zoom in specifically on what your role focuses on at Microsoft and share a little bit about what's ahead for Microsoft to nrf.
Speaker IThe industry team at Microsoft, really, as I always say, we're the great translators between customer problems and Microsoft technology solutions and partner solutions.
Speaker ISo my team spends a lot of time with our leading worldwide retail and consumer goods customers, meeting with business leaders and really listening to understand what are the problems they're trying to solve and then bringing that back to Microsoft, bringing that back to our partners and making some matchmaking here and really helping us make sure we're always aligned to their business performance, their KPIs and their strategy.
Speaker CThe one hot topic undoubtedly is going to be AI.
Speaker CAnd quite honestly, I still think the industry is underrating the impact of AI Overall.
Speaker CI'm guessing you probably, you probably would agree with that too.
Speaker CI'm curious.
Speaker CYou could answer that to start.
Speaker CBut what are some of the, what are some of the tried and true use cases that you expect to see in market in 2025?
Speaker ILast year we were in this era of experimentation.
Speaker IThere was a lot of excitement, there was a lot of really upskilling and just trying to understand what is generative AI and how should I think about it as a retail or consumer goods company.
Speaker IAnd this year you're right, we're moving into some real use cases.
Speaker ISo I'll just share a couple of customer stories with you.
Speaker IOne of my favorites is around kind of changing the way we shop.
Speaker IAnd if you think about how we've shopped traditionally in E commerce, right.
Speaker IIt's been kind of like the navigation on the left.
Speaker IIt's been maybe some navigation on the right.
Speaker IAnd then you've got the search bar at the top with the magnifying glass, which I call the universal symbol of disappointment.
Speaker IRight.
Speaker IBecause it's really hard to search for products.
Speaker IIt has been.
Speaker IBut really with conversational commerce, we're moving to this time where you can actually have a natural language interaction and solve real problems.
Speaker ISo Walmart is a great example.
Speaker IYou know, they call it moving from scroll based shopping to goal based shopping.
Speaker ISo imagine you're planning a Super bowl party and you're trying to figure out what do I need.
Speaker IRight.
Speaker IIn the old way it's I'm looking for decorations and I'm looking for snacks and I'm looking for drinks, but now you can actually type in, I'm holding a Super bowl party for 10 people, what should I buy?
Speaker ISo it might recommend food and snacks, appetizers, drink, maybe a big screen tv.
Speaker IThose are great for super bowl parties.
Speaker IA sound system.
Speaker ISo it's a basket builder.
Speaker IIt's a way to create more of a dialogue with your customer and start to even learn more about their shopping intent because you can now start to market them if you know they're having a party in a few weeks.
Speaker IAnd you could start to think about even more personalized marketing to continue to engage them just beyond the search.
Speaker IOne of my.
Speaker CYes, Keith, so I'm curious, as a former E commerce executive, I love what you're saying because I personally, not only the, not only the search bar, I hate the filters as well.
Speaker CLike I hate the filters, I hate how restrictive they are, how you have to manage the taxonomy as a, you know, as a retail organization.
Speaker CSo I'm curious, as the quote unquote liaison between Microsoft and the retailer, you know, bridging that gap, as you said in the beginning, what are some of the actual things that need to happen for retailers to change their E commerce experience from what we know to where it's going in the future?
Speaker CYou know, I imagine there's a ton of detail you could give on that question too.
Speaker CBut just some of the, some of the key things people need to consider I think would be helpful.
Speaker II think one of the first is your data.
Speaker II mean, data is so important for generative AI.
Speaker ISo the quality of your data is super critical and it's something that we talk to our customers about all of the time, which is getting your data state, how do you govern it, how is it secure?
Speaker IBecause you're going to be democratizing that in new ways when you start to launch these new generative AI capabilities.
Speaker II think on the other side is teaching customers how to prompt.
Speaker IRight.
Speaker IBecause we've all been kind of taught how to use three or four word search interactions, but now we're having a real conversation.
Speaker ISo teaching customers how to get the most out of the capabilities by asking a big question.
Speaker ISo some of our customers are already putting examples on their E commerce sites like ask a question like this, I'm going to a wedding in Greece in December.
Speaker IWhat should I wear?
Speaker ISo really helping the customers prompt the way they interact with the site, I think is going to unlock the experience further.
Speaker CYeah, Keith, I have one more follow up question on that too because you bring up a really interesting point to me.
Speaker CThat's something that Ann and I have never really talked about or thought about, but we're seeing different approaches to what you just what you just said, right?
Speaker CBecause like you can't just change your site overnight because the, the conversion and the sales impact would be dreadful if you did that.
Speaker CSo you're bringing up the point of, hey, we've got to acclimate our shoppers to shopping, commerce, e commerce in this new way.
Speaker CWhat are some of the ways you've seen people start to do that?
Speaker CLike, you know, are they placing the, placing it near the search bar, for instance, are they placing it on the product pages?
Speaker CLike, what are some of the ways that retailers are approaching that?
Speaker CAnd what's a great point?
Speaker II don't think we're going to go from one way of shopping to another way of shopping overnight.
Speaker IAnd people shop differently.
Speaker IRight there.
Speaker IThere are browsers, they're looking for inspiration.
Speaker IThey're not ready to engage in questions yet.
Speaker ISo some of the examples we've seen are some customers are picking a category like dresses, for example, and really honing in and kind of standing up a dress stylist to help you search for dresses.
Speaker IOthers are experiencing with the search bar and actually helping customers with prompting there.
Speaker IAnd then others are starting in a completely different area, which is customer service.
Speaker ILet me just make your customer service interaction a better one.
Speaker IRight.
Speaker IThat really is the last mile of retail is providing good service after the fact or during the sale.
Speaker II mean, the number one question in E commerce that consumers have is where's my order?
Speaker IRight.
Speaker ISo being able to even get that question answered very quickly is going to provide a lot of value and a much better experience to shoppers.
Speaker BWell, Keith, I want to talk about, you know, all, all the interactions that you're having with a lot of these retailers you mentioned, like getting a hold handle on your data is a really important thing to them.
Speaker BWhat else are the retail executives that you interact with day to day in your role at Microsoft?
Speaker BWhat else are they looking for or asking for as they're kind of planning their investments in technology for 2025?
Speaker IWell, there's certainly no shortage of excitement around generative AI.
Speaker IAnd I think the question is, is how can the technology help me still achieve the things that I need to achieve as a company, whether that's growing my revenue or reducing my cost.
Speaker IRight.
Speaker IThe problems aren't different the way to solve them.
Speaker IThere's some new capabilities now that we can help our customers make those connections.
Speaker ISo we talk a lot about across the entire value chain of retail, starting with product development, distribution and logistics, running a store or an e commerce site, marketing.
Speaker IAnd of course As I mentioned earlier, customer service.
Speaker ISo applying those technologies to the value chain and building the business case is how we're helping our customers prioritize where they should start and where they really need to engage quickly.
Speaker BI'm curious and I'm putting you on the spot, but is there like one area that you're seeing like, oh my gosh, there's so much ROI from putting generative AI on customer service or marketing.
Speaker BIs there one that you're kind of surprised at or that's really kind of bubbling to the top of that list of priorities?
Speaker II'll give you two.
Speaker ICustomer service, definitely.
Speaker II mean, the way you run a call center is so metrics driven.
Speaker IAnd typically a call center has actually been a cost center for retail.
Speaker IAnd if you can start to unlock more time in agents, right, by deflecting inbound calls first or assisting that agent as they're trying to solve customer problems in real time and start to allow them to focus on more revenue generating activities, you could start to change the role of the call center to be more of a customer experience center.
Speaker IThe other is marketing.
Speaker IWe're seeing incredible opportunities of helping marketers do their job faster, do their job better, and take some of the mundane tasks that they do.
Speaker IAnd I'm really excited as we look forward into agentic AI and having those agents start to actually execute tasks on behalf of a human, still with a human in the loop, but taking some of those lower level tasks off their plate so they can, you know, really think more strategically about their business?
Speaker BYeah.
Speaker COh my God, Keith, Agentic AI.
Speaker CWe're gonna have to have you back to talk about that.
Speaker CThat sounds, no, that sounds super interesting.
Speaker CAgentic AI.
Speaker CThat's my new term of the day.
Speaker CAnd.
Speaker CAll right, Keith, so.
Speaker CSo maybe this is the answer to that question.
Speaker CThis is my next question.
Speaker CBut so, you know, in your role, I'm curious.
Speaker CYou're gonna have a ton of people at the booth.
Speaker CI mean, Microsoft has one of the biggest booths out there at the show.
Speaker CWhat is it?
Speaker CThe.
Speaker CWhat is.
Speaker CIs there one thing you want anyone that stops by to take away?
Speaker IYeah, what, what I, we really want them to see is that, you know, we're leading the charge with bringing, you know, responsible, scalable, safe and secure AI into the industry.
Speaker IAnd that's hard, right?
Speaker IScalable and secure can sometimes be at odds, but we're really thinking holistically about how we bring these capabilities into the industry.
Speaker IWhen you leverage our Azure AI capabilities using your data, your data is your data.
Speaker IWe're not training our models on your data.
Speaker IWe're not using it for other Microsoft purposes.
Speaker IYou're really running our AI within the four secure walls of your company.
Speaker ISo as we as folks come to our booth, hopefully they're going to see all the different applications of these, this new capability, including agentic to the different parts of the value chain inside the retail enterprise.
Speaker CThat's a great point, Keith, because yeah, when you get down to it, like nothing's scalable if it's not secure.
Speaker CReally, you know, at the end of the day like there's no that you can't have one without the other.
Speaker CIt's a necessary condition at the end of the of the day.
Speaker IYeah, very true.
Speaker BOkay, Keith, we're closing it out with this question which is not related to retail but is very important to all of our listeners today.
Speaker BWhat's your favorite thing to do in New York while you're out there for nrf?
Speaker II'm a shopper, so it's probably great that I'm in there.
Speaker BWhere are you going?
Speaker BWhere are you going?
Speaker BShare.
Speaker II mean I love to shop small little boutique stores.
Speaker II think there's so many great unique experiences in retail in New York City.
Speaker IRight.
Speaker ISo you know, the biggest brands have their test stores as well as little pop up concepts down in soho.
Speaker ISo one of my favorite things to do is walk the streets and just look inside stores and there's something interesting.
Speaker IJust go in and I encourage everybody to do it.
Speaker IIt's probably why I love being in this industry so much because I have to shop for my job.
Speaker BSo do I and I love it.
Speaker BBut somebody needs to tell my husband that because this is not, it's not always the best result, especially after a trip to New York.
Speaker BI'm so with you, Keith.
Speaker BI love, love going and getting inspired, especially down in the Soho area.
Speaker BThere's always something fun to look at.
Speaker BSo Keith, thank you so much for your time today for sharing all that you did with us.
Speaker BIf people want to stop by Microsoft's booth, can you tell them where to find it?
Speaker IWe are booth 4503.
Speaker ISo we would love to welcome you there.
Speaker IThere's so much that we'd love to show you and really please come in and just make yourself at home.
Speaker CThanks Keith.
Speaker CGreat to see you again man.
Speaker CYou too.
Speaker BThank you.
Speaker BNext we have SPS Commerce's Senior Director of Product Management, Nick Schwalbach.
Speaker BNick, welcome to omnitalk.
Speaker BWelcome back.
Speaker EThank you very much.
Speaker EBeen looking forward to it.
Speaker EI always enjoy a good chat with you guys.
Speaker ESo appreciate Me having me.
Speaker CYeah, we always like having you on too, Nick.
Speaker CLet's, let's start like we always do.
Speaker CLet's take a minute to tell us a little, tell the audience a little bit about SPS Commerce and your role too.
Speaker CAnd then also question we've been asking more so right out of the gate here is who are some of your clients as well?
Speaker EYeah, for sure.
Speaker ESo SPS Commerce, we're a major player in the kind of supply chain performance, you know, EDI space, like all the above.
Speaker EAnd we really work with a lot of the buying organizations across the United States, you know, really worldwide, anybody that's kind of buying and selling goods.
Speaker ESo, you know, retail obviously is the term we use, you guys are using.
Speaker EBut you know, retailers, grocers, distributors, manufacturers, you know, it's interesting.
Speaker EI think you guys see a lot is brands, a lot of times are their own retailers now.
Speaker ERight.
Speaker ESo we're spending a lot of time, you know, in that space.
Speaker EBut we're really helping those buying organizations work across their supply chain a lot better through the collaboration, getting better visibility into that supply chain, measuring the performance with some of the acquisitions we've made this past year and how do they kind of operate better throughout their supply chain in order to just be more efficient, get the products to the right place with a better margin.
Speaker EAll of those good things that we all care so much about in the retail space.
Speaker ESo, so my role at SPS Commerce, I've been here 15 years in our product management space for coming up on eight years already, which is crazy.
Speaker ESo I work with our retail segment of our business.
Speaker EWe have a retail, a supplier and a logistics segment in our business.
Speaker EAnd so I work with our retailers and all of our sales customer success technology teams to make sure we're putting the right products and services out to market to go help them do what they do and do what they need to do every day.
Speaker CSo any big name clients you want to drop here right out right at the start?
Speaker EYeah, you know, I mean, we ran a number of big programs.
Speaker EYou know, this year Costco was probably one of our biggest programs.
Speaker EWe helped them launch, you know, a visibility program into their AI BSN solution.
Speaker EAnd you know, what are they doing with that?
Speaker EWe obviously acquired Traverse this year, which is working with a number of people in kind of the soft goods space, you know, with, with Kohl's as a customer of theirs.
Speaker EMCX is a customer of theirs.
Speaker EAnd then we acquired another company called Supply Pipe, which has a good, you know, relationship with a number of big Retailers helping their suppliers kind of, you know, work with them a little bit better, a little bit more tightly coupled with what their expectations are across the retail space.
Speaker BYou know, Nick, one of the things that we love about having worked with SPS Commerce as long as we have, and especially back in December, Chris and I did an event with two people from SPS Commerce, Brandon Pierre and Mayan Kaplan, talking about how you kind of are the dashboard between and the same sheet of music, if you will, between merchandising supply chain manufacturers, like suppliers, all of these people are all kind of using this, this SPS platform as their one single source of truth.
Speaker BCan you dive a little bit deeper into, you know, how you're doing that and the types of teams that you're working with within retailers?
Speaker BBecause there's a lot of people that should be coming to your booth at nap, and I just want to make sure that they're all kind of aware of that.
Speaker EYeah, yeah.
Speaker EYou know, I as, as you stated, SPS is a little bit unique in sitting in the middle of all those.
Speaker ERight.
Speaker EAnd, and the reason we sit there is I think a lot of those organizations, they.
Speaker EIt's very easy to look at.
Speaker EWe'll take inventory, for example, right?
Speaker EIt's very easy to look at.
Speaker EHow do I manage inventory once I have it right, or once I need to do something with it, once it's in my possession or, you know, like ordering.
Speaker EObviously I'm ordering, but a lot of times what SPS is doing is we're helping like we're helping in between from the time that you order it or till the time you believe you need to order it.
Speaker EHow do you get better visibility and collaborate with whatever that entity is be upstream or downstream of you to make sure it flows better?
Speaker EYou maybe don't have to carry as much because you can trust whatever is going to show up is going to show up on time.
Speaker EAnd then you're constantly measuring that to figure out where can I improve upon.
Speaker ESo we really sit in that space and not, not just help.
Speaker EOnce you have the goods right, there's really great systems out there to help you optimize.
Speaker EHow should I store it?
Speaker EShould I flow it through?
Speaker EShould I put it in stock?
Speaker EShould I just go direct to store, you know, whatever it might be?
Speaker EThere's a lot of great system providers out there and we partner with a lot of them so that once it gets there, once it gets to the door, once you know you're going to have it, what do you do with it?
Speaker EBut we really sit in the middle to try to help with that collaboration between companies, which many times is really hard.
Speaker ERight.
Speaker ELike contact information is hard, the communication is hard.
Speaker EThe understanding the business implications on both sides of the aisle with whatever change you're making.
Speaker EAnd we really, you know, specialize in that in order to help organizations do that better a lot of times because it's just so hard they choose not to do it.
Speaker EOr maybe you do it with your top 10, top 20%, but then your long tail can take such a strain on your business.
Speaker EAnd we really come in with like kind of the people process and expertise in order to help them with that.
Speaker EAnd then obviously propped up by a world class network and technology solution to back it up.
Speaker CSo, so basically Nick, what you're saying is I'm rubber and you're glue.
Speaker CLegitimately, you're the glue that holds it all together.
Speaker CI mean, yeah, that is the best analogy I can think of listening to you talk.
Speaker CBut all right, I'm curious as the product guy too.
Speaker CThe product guy that sits kind of at this nexus of a lot of things happening.
Speaker CWhat are retailers asking you to build for them?
Speaker COr how are they asking you to adapt and change the product?
Speaker EYeah, you know, great question.
Speaker EYeah, I think it's amazing as we, as you know, obviously we don't really talk about the pandemic anymore.
Speaker EWe're removed from it and the world is just is what it is nowadays.
Speaker EBut visibility was such a big thing during the pandemic.
Speaker EBut visibility was kind of easy.
Speaker ELike I have no idea.
Speaker ENobody knows when they're going to get it, so on and so forth.
Speaker CBut the bar was low.
Speaker EExactly, exactly.
Speaker ERight, that's great.
Speaker EBut now that visibility conversation has continued.
Speaker ERight.
Speaker ELike, and it's actually probably shifted the opposite way now, which is there's pressure, right.
Speaker ELike I think we all know there's pressure on many industries of the retail, retail supply chain and just retail business in general.
Speaker EAnd so we still get a ton of interest from our customers talking to us just because, hey, I need to work more efficiently.
Speaker EAnd the way I work more efficiently is by collaborating with people, not just in my four walls.
Speaker ERight.
Speaker EObviously you want to break down those silos inside of a business and make sure merchandising, supply chain, everybody is, you know, driving towards the right metrics and that's how the business operates.
Speaker EBut there's a, there's a lot of goodness.
Speaker ERight.
Speaker ELike a lot of our customers say, you know what, anything I can do Internally, it's worth 3 to 5, maybe 10x more efficiency.
Speaker EOutside, if I work with my, my upstream or downstream suppliers on that stuff.
Speaker EAnd so we.
Speaker ESo they're asking us a lot, you know, Chris, for that visibility.
Speaker EThe other thing that's really big right now is the.
Speaker EThe reporting aspect of it.
Speaker ERight.
Speaker ELike, data is a huge thing, but data is really hard because there's so much of it.
Speaker ELike, where do you start?
Speaker EAnd there's a lot of retailers.
Speaker EI think you guys talk to them on a regular basis.
Speaker EYou're always surprised by how many of them are not measuring.
Speaker EMaybe some of the core things that everybody thinks retailers are looking at inventory turns.
Speaker ELike, what are my weeks of supply?
Speaker EWhat is my gross margin?
Speaker ERight.
Speaker ELike, some of those things.
Speaker ELike, we think every retailer is looking at them the same and they're not.
Speaker EAnd so they're asking, they're coming to us just because we live the rubber and glue analogy.
Speaker EWe live in the middle of so many.
Speaker EWhat should we do?
Speaker EWhere should we start?
Speaker EWe're on this journey.
Speaker EWe have a very specific point.
Speaker EHow do we take the next step and the step after that and the step after that?
Speaker EAnd how do you tailor your approach to us?
Speaker EBecause not everybody's the same.
Speaker EEverybody needs a little bit of a different approach, and we can kind of help with that.
Speaker ESo I'd say those are the kind of the two big areas right now, Chris.
Speaker BWell, one of the things that I'm really excited about, Nick, is, and it gets to what you were talking about, the people and process.
Speaker BAs part of all that your team is doing at sps, you have something very special that people can come and see at your booth at NRF this year.
Speaker BThat I imagine, like Chris said, as a product guide, this has got to be kind of your pride and joy.
Speaker BWhy don't you share a little bit with our listeners what they can see when they stop by the SPS booth at nrf?
Speaker EYeah, we're super.
Speaker EWe're super stoked this year, and I'm glad you guys had a great time with it so far.
Speaker EWe're going to have a little bit of augmented virtual reality experience at the booth this year.
Speaker EAnd the whole intent is to kind of show a lot of the customers, people that have interest.
Speaker ELike, what does it look like to live in the world of a distribution center or a warehouse environment?
Speaker EAnd what does that look like without that visibility, without that collaboration from your suppliers?
Speaker EAnd then what does it look like post having that visibility and post having that collaboration and the difference it makes?
Speaker EI think the beautiful thing is you can easily touch and feel a dock Getting super backed up because you didn't know that stuff was coming or that stuff came and it wasn't the right stuff or whatever it might be, versus, hey, I knew it was coming.
Speaker EIt was expected.
Speaker EI can now scan it and receive it in and it goes a lot faster.
Speaker EBut the amazing part is what that drives, is it drives a conversation of that is a very tangible experience.
Speaker EWhat are all the intangible things that happened before?
Speaker ERight.
Speaker EWell, because I know what's coming, I maybe don't have to buy as much, which allows me to spend that open to buy on something else.
Speaker EIt allows me to carry less inventory.
Speaker EWe all know inventory equals cash.
Speaker EAnd in this world nowadays, the more of that or the less of the inventory I have to carry and the more cash I can have to maybe diversify, open a new store, try new things is better.
Speaker EAnd so that experience is really to draw out something you can touch and feel by having that collaboration.
Speaker EAnd then the broader conversation of how does that impact further upstream and further downstream of all of your operations and your business goals in order to, you know, really operate more efficiently and hopefully add a couple points of gross margin and also make sure the product gets to the shelves in the right speed, in the right place in order to make those sales, which, of course is most important.
Speaker CNow, Nick, I know Ann and I.
Speaker CAnn and I got to see this demo live in Minneapolis because it's at your headquarters too.
Speaker CAnd yeah, it was pretty.
Speaker CIt was pretty sweet.
Speaker CSo I'm curious though, like, because you undoubtedly, you've taken retailers through it too, at this point, you're going to show it off at NRF anymore.
Speaker CWhat are some of the retailers who have seen it saying to you when they.
Speaker CWhen they go through the experience?
Speaker EYeah, you know, I.
Speaker EWhat's so cool is, I think we're all guilty of this sometimes is.
Speaker EIs you.
Speaker EYou in your head, you build up this experience of what it's like to work in that environment.
Speaker ERight.
Speaker EBut I think a lot of people, you know, maybe whether it be buying vendor operations, whatever that are interacting with their suppliers every day or holding accountable, we don't spend a lot of time inside the distribution center.
Speaker ERight.
Speaker EAnd what that looks like.
Speaker EAnd so I think when you actually have to feel the pain and break a sweat counting really silly colored earphones and they were all mixed up together and everything, it gives you an appreciation of, you know what, there's a lot of things that maybe we should be doing a little bit better at collaborating with or.
Speaker EMan, there's got to be a better way.
Speaker EAnd so I think, I think it's usually an eye opening experience or it's a validation, Chris, of like, you know what?
Speaker EIt is painful.
Speaker EWhat we do is hard.
Speaker EYou guys get it right?
Speaker ELike, it is.
Speaker EI think a lot of consumers out there think that, hey, these retailers, they just order this stuff, it shows up in the store, I walk in or I go online and I buy it and it's perfect.
Speaker EActually, no, retail is really hard.
Speaker ERight.
Speaker ELike, there's a lot of steps along the way that things can go wrong.
Speaker EAnd if I can do anything to make sure those steps flow a little bit better, I want to go do that.
Speaker EAnd if there's a third party out there that can help me that gets my business, that can come in and make recommendations, I think they're going to be a great partner.
Speaker ESo it's amazing to see the eye opening experience.
Speaker EI think for most of our customers that go through it.
Speaker BFor sure.
Speaker BYeah.
Speaker BSomebody when we were at SPS mentioned to us like, re, there's retailers that come through this demo that are like, oh, can you build this for us?
Speaker BAnd SPS is like, you know, you have, you have a dc like you.
Speaker CHave an actual warehouse.
Speaker BBut it just sometimes takes.
Speaker BTakes getting outside of your.
Speaker BOutside of your comfort zone and four walls to be able to do that.
Speaker ETotally.
Speaker BYes.
Speaker BOkay, Nick, we're closing it out with our favorite question to ask people today.
Speaker BWhat is your favorite thing to do in New York while you're out there for nrf?
Speaker EYeah, I mean, obviously we're out there for nrf.
Speaker ENrf right after Christmas season.
Speaker EI think everybody's, you know, taking a little bit of time to refresh and get jazzed up.
Speaker ESo I get super jazzed to have a bunch of people in one space that you can talk to, see the creativity of the boost like that.
Speaker EThat's super good.
Speaker EObviously that's a very cheesy answer because we're all there for interrupt.
Speaker EI love New York because one thing that's very sentimental about New York is, is the 911 stuff out there.
Speaker ERight.
Speaker ELike, I think there's very few things that change your world being a little bit in the firefighter world too.
Speaker EIt has a little extra special spot for me.
Speaker EBut I think that there is very few spots in the United States that have as much history and global context as that place.
Speaker EAnd so if people haven't been there, although it might be a little cold in January to go visit that experience, but I think New York is a special place for that.
Speaker EI mean, obviously the people the food, I love pizza.
Speaker ESo New York's a great place, but so I think.
Speaker EI think that that, for me, is a great way to get out there and go see something that is unique to New York while you're there at NRF and experiencing that.
Speaker CWell said, Nick.
Speaker CYeah, I actually have not seen that experience yet, so I got to put that on top of my.
Speaker COn my bucket list next time I'm in New York.
Speaker CSo thanks for bringing that up.
Speaker EYeah.
Speaker CAll right.
Speaker CAnd Nick, before we let you go, if people want to stop by, get in touch with you, stop by the booth at nrf.
Speaker CWhere do they go?
Speaker CWhat's the location?
Speaker EWe are in booth 6757.
Speaker EWe'll have a beautiful blue banner up hanging from the ceiling to come find us, and hopefully there'll be lots of good dialogue and AR VR experiences going on all around.
Speaker CAwesome.
Speaker CThanks, man.
Speaker CGreat time.
Speaker EAppreciate it.
Speaker BJoining us once again is Aptos VP of Strategy and Product, Nikki Baird.
Speaker BNikki, welcome to omnitalk.
Speaker BWelcome back to omnitalk.
Speaker BActually, we've talked to you before.
Speaker FYes, thanks for having me back.
Speaker FI.
Speaker FI love talking to you guys.
Speaker CYeah, we love talking to you too, Nikki.
Speaker CWell, let's get started.
Speaker CLet's get right to it.
Speaker CSo, quick background, like, let's do a quick background on aptos.
Speaker CLike, what is it.
Speaker CWhat is it specialized in?
Speaker CAnd.
Speaker CAnd who are some of the clients that you work with?
Speaker FYep.
Speaker FAptos is an enterprise software provider.
Speaker FWe're focused on unified commerce, which I know has a lot of potential baggage or multiple meanings associated to it, but.
Speaker FBut basically, we focus on all of the solutions that serve the unique and differentiating and kind of difficult to execute needs of retailers.
Speaker FSo point of sale, oms, CRM, merchandising and inventory management, sales audit, and the analytics that sits on top of all of that.
Speaker FAnd from a customer perspective, we work with hundreds of retailers around the world, so.
Speaker FHola.
Speaker FNew Balance, north face Crocs, L.L.
Speaker Fbean, Tommy Bahama.
Speaker FJust to rattle off the ones off the top of my head, those are.
Speaker CThe ones that are easy to recall, right?
Speaker FYeah.
Speaker ISo many of them.
Speaker CRight?
Speaker CYes, I know.
Speaker BWell, Nikki, you.
Speaker BWhen we interviewed you the first time, you talked about unified commerce, which you just mentioned, and in particular, the ways that you're really helping retail retailers kind of mimic an online experience that their customers are used to having in stores and vice versa.
Speaker BCan you share a little bit about with us about that, what you're doing for retailers, and even an example, if you don't mind, just to kind of kind of dive a little bit deeper for the audience today on what they might expect from coming and talking to you and Aptos and the team at nrf.
Speaker FYeah, yeah.
Speaker FI mean, like, so for us, Unified Commerce really means connecting customers to products, no matter what it takes to do that.
Speaker FRight.
Speaker FSo sometimes you hear people talking just about commerce when they say Unified Commerce, and they only mean the selling side.
Speaker FAnd, and we feel really strongly like you can have the best customers in the world, but if you don't have anything to sell them, then you're not going to be successful.
Speaker FSo inventory management is just as important and, and it's much more challenging to deliver into stores than anywhere else in the retail enterprise.
Speaker FSo that's the.
Speaker FLike creating an experience for a customer that is exciting and delighting is the overall objective.
Speaker FBut to do that, you've got to have the right products to meet that need just as much as you have to have a sales associate armed with the right tools and the right information in order to help that customer.
Speaker FAnd then you really got to make sure that you do that in a way that is profitable for the retailer and also engaging for that store associate.
Speaker FRight.
Speaker FNot too hard for them to pull off.
Speaker CSo, Nikki, one thing that I always love when we talk to you is, is.
Speaker CIs, you know, you, you, you've got a ton of experience, you know, in the Unified Commerce arena across all the dimensions that you just described.
Speaker CWhat do you.
Speaker CWhat are you hearing is on the minds of the average retail executive that you're talking to in terms of what they want to solve in terms of getting better at Unified Commerce?
Speaker CIs there one or two particular areas that there they're focused on as they enter 2025?
Speaker FYeah, I think the.
Speaker FThat store experience part is definitely coming to the fore more and more in.
Speaker FIn the discussions that we're having.
Speaker FAnd I think part of it is really that recognition of your.
Speaker BIf.
Speaker FIf all you have to offer customers is that I have products available for you to buy in my stores, that's not enough.
Speaker FThat's just not enough to win.
Speaker FYou've got to have some kind of magic.
Speaker FYou've got to have some kind of experiential thing that drives customers to the stores.
Speaker FAnd it doesn't have to be complicated.
Speaker BRight?
Speaker FIt can be as simple as, hey, come and get your product faster than if I shipped it to your house or get a credit for your return faster if you return it to my store.
Speaker FLike, that's, that's enough.
Speaker FBut there's also those opportunities on top of that.
Speaker FLike a customer that's acquired in a store, we hear consistently from our retailers, they're much more profitable than a customer that is acquired online.
Speaker FThey.
Speaker FThey last longer, they spend more, they're more loyal overall.
Speaker FSo you want to have that first real sticky experience with a retailer happen in the store.
Speaker FYou want to acquire that customer in the store, and you've got to offer a compelling reason to go there.
Speaker FSo a lot of that discussion is, well, how do you build that kind of experience that makes it possible to.
Speaker FTo drive that customer to the store, to do that customer acquisition part.
Speaker FRight.
Speaker FGetting them to surrender their personal information to you is the part that becomes really important in the store.
Speaker CAnd so, Nikki, how do you see that manifesting itself as a technology investment in the year ahead?
Speaker CLike, how do you bring that.
Speaker CHow do you make that happen as a retailer?
Speaker FYeah, I think the.
Speaker FThe.
Speaker FThe big challenge there has been that it's all disconnected.
Speaker FRight?
Speaker FYou've got, oh, this is how I access my CRM to look at my customer.
Speaker FThis is how I access my order management so that I can place an order for inventory that's not in the store.
Speaker FThat's a separate device.
Speaker FI've got this other device that I have to use in order to ring up a sale.
Speaker FOh, but if they want, like, a send sale, that I could use this other device in order to do that.
Speaker FRight?
Speaker FLike, and.
Speaker FAnd you picture, you know, Batman with the utility belt.
Speaker FAnd nobody wants that for the store associates.
Speaker CSome people do.
Speaker CI don't know if that was the first thing my mind went to, but, hey, I'll go with it.
Speaker CI'll go with it.
Speaker CBatman with the utility belt.
Speaker CAll right, why not?
Speaker FIt's too heavy.
Speaker FThey, you know, you're gonna hurt your back.
Speaker FYou gotta carry all that stuff.
Speaker CRight, right, right.
Speaker FSo I think that simplification from the store associate perspective and making it something that you could literally just hand them the device and they can go, like, you don't need, you know, 20 hours in training and all that kind of stuff.
Speaker FAnd then that creates that more willingness on the part of the store associate to really engage with the customer because they don't have to fear the questions that come from the store, from the customer.
Speaker BRight?
Speaker FLike, well, can you look it up?
Speaker FDo you have any in the back?
Speaker FAnd it's like, no, don't ask me that question.
Speaker FRight?
Speaker FLike, those kinds of things, you want that all to be streamlined.
Speaker FAnd that's where we see the interest in the technology investment in 25.
Speaker FLike, there was a high tolerance because it was sort of, look, we just got to get it in the store.
Speaker FLet's get it in the store, and then we'll figure it out later.
Speaker FAnd now we're at the figure out later part, and I think that's a lot of what we're seeing in 2025.
Speaker BYeah.
Speaker BNikki, how is this going to kind of manifest in what you'll be putting on display in the Aptos booth then at nrf?
Speaker BI mean, how are you.
Speaker BWhat are you going to be showing people who stop by and are talking to you and the team?
Speaker FYeah, I think a lot of things that we're really excited about, a lot of that streamlining and bringing together kind of multiple disparate systems and providing that lens through point of sale into those systems so that you can have a truly kind of seamless experience.
Speaker FThat's the primary thing that we'll have on display.
Speaker FI will also say that we will be debuting an AI chatbot for a store associate at nrf.
Speaker FThat's the first time those words have left my lips in a forum.
Speaker CYou heard it here first, folks.
Speaker FSuper excited about that.
Speaker FI've seen it.
Speaker FI've seen it working, so I can say it.
Speaker FWe're super excited to debut it.
Speaker FBut I think, again, right.
Speaker FThe objective is you've spent all this money on the store, on the inventory in the store, on that store associate, on driving that customer into the store.
Speaker FYou've got to make sure that you capitalize on that opportunity that that presents to you.
Speaker FAnd it's really like, it has to be through the store associate.
Speaker FIf you're not delivering this experience through the store associate, then what was the point of coming all the way to the store?
Speaker FYou could have just done all that right online.
Speaker FSo you really have to empower that store associate as much as possible.
Speaker FAnd that's really been the kind of grounding philosophy and the approach that we've taken in our unified commerce.
Speaker FWhen we focus on the store, it's got to be delivered through the store associate.
Speaker CYeah, right.
Speaker CThat.
Speaker CYeah.
Speaker CThe funny thing, the funny.
Speaker CYou get me thinking about, like, that experience because having worked at a store, you know, with.
Speaker CYou're the.
Speaker CI feel like your muse is trying to help the sales associate.
Speaker CNever get into the situation where they're like, can I help you with something?
Speaker CAnd the person turns them and says, I don't know, can you?
Speaker CYou know, like, very disdainfully, what's your favorite thing to do in New York when you're not at nrf?
Speaker FResearch is what I do in New York.
Speaker FI'M not at nf.
Speaker CI love this.
Speaker BLove this answer.
Speaker CI know where this is going.
Speaker FI will say I have to make a plug for Retail roi, which is a charity organization that's been organized by a lot of retailers in the industry and a lot of technologists in the industry, and it's something that aptos support.
Speaker FSo they do super Saturday that they invite retailers and analysts, and we sponsor that.
Speaker FSo I have to make a plug for that because.
Speaker FBring some tissues with you.
Speaker FThe.
Speaker FThe work that they do and the companies, the charities that they enable are amazing.
Speaker FSo I'll be there on Saturday at nrf, and then I will be shopping.
Speaker BGot to get time in for that, right?
Speaker FResearch.
Speaker CResearching.
Speaker CYou're researching, Nikki, you're researching, right?
Speaker HYou're shopping.
Speaker CYou're researching.
Speaker BI love this.
Speaker BAll right, well, thank you so much, Nikki, for taking the time to join us.
Speaker BIf people are at nrf, they want to check out the Aptos booth.
Speaker BNow's the time to tell them how they get there and where to.
Speaker FYeah, it is booth 5139, and you get a three for actually.
Speaker FSo Aptos is kind of the headline, and that's my business unit, but we also have two other business units that will be represented there, which is Revionics and LS Retail.
Speaker FAnd so basically, if you are any kind of retailer, whether the largest kind of grocery to the smallest kind of mom and pop, we actually have something across the three divisions that.
Speaker FThat can help you.
Speaker BExcellent.
Speaker BSo check those all out.
Speaker BThank you so much, Nikki.
Speaker BThis was awesome.
Speaker BWe'll see you at NRF in a few days.
Speaker FThat sounds great.
Speaker CThanks.
Speaker CAll right.
Speaker CAnd well, gosh, that was great.
Speaker CThat wraps us up today.
Speaker CWe're thankful to.
Speaker CTo all our guests and to those of you who are able to join us live today and to those listening on the plane, on the train, on the.
Speaker CIn the automobile on the way to nrf, we'll be heading out shortly ourselves.
Speaker CAnd you can catch our full live coverage of NRF, brought to you by the Vuza Group, beginning this Sunday and available to you via LinkedIn or on their YouTube channel, which is YouTube.com omnitalkretail or wherever you get your podcasts all week long.
Speaker CAnd.
Speaker CAnd if you happen to be at the show and want to stop by and see us do these interviews live, you can also stop by the Fusion.
Speaker BGroup Booth, booth number 4938.
Speaker BCome see us.
Speaker BThe big V.
Speaker BThat's what.
Speaker BThat's what Roy Horgan says.
Speaker BLook for the big V.
Speaker BAnd Chris and I will be right in the center of that booth with live interviews from the best, best, the brightest retailers at nrf.
Speaker CThat's right.
Speaker CSo until.
Speaker CUntil that day.
Speaker CUntil that day comes.
Speaker CAs always, be careful out.