https://www.youtube.com/watch?v=l2yW1DFlWP4 The COVID-19 pandemic has impacted businesses on a global scale. Government lockdowns and quarantined living have significantly changed consumer behaviour and shopping patterns.  These shifts are not only leading to a number of current challenges, but they will also impact forecasting, inventory allocation and promotion planning in the medium and long terms of this …

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Within the last few weeks, we have seen dramatic shifts in the business world.  Supply chains have been impacted by changes to production and distribution; foot traffic has significantly, if not altogether, dropped for many non-essential stores; and a much larger portion of the population are working remotely.  Although many organizations are still adjusting, the …

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Day by day, the COVID-19 pandemic continues to evolve at an unprecedented rate.  This global crisis has become an unexpected catalyst for change, forcing businesses to adjust based on the growing number of lockdowns and restrictions. These restrictions include establishing more stringent health and safety practices, figuring out how to support a majority remote workforce, …

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This past January, we attended NRF’s 2019 Retail’s Big Show – the largest retail show and expo in the world. Each year, the event draws nearly 40,000 attendees, with more than 800 exhibitors and over 350 speakers from across the globe, looking to learn from and share with the biggest and best in the retail industry. As …

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Earlier this month, we announced the official launch of the Optimize module in our Price & Promotion Manager suite. On our continued journey of helping retailers and consumer packaged goods (CPG) manufacturers automate decision-making with AI, this latest development will enable organizations to transform the manual, time-consuming and complex task of promotional planning. The evolution …

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It’s the most wonderful time of the year. But in 2019, Golden Quarter retail revenues could well be dented by political and economic uncertainty, according to European analysts.  The International Monetary Fund has issued a warning that most countries in Europe have seen their economies weakened this year, with little hope of Christmas cheer to …

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Public awareness of food and packaging waste is high in France and it seems government initiatives and retailer campaigns to tackle the issues are positively influencing consumer behaviour. It’s impressive that 63% of French consumers we questioned in a recent survey said they are less likely to throw away food on its sell-by date today …

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German shoppers are far from enamoured with online grocery shopping in 2019. Our exclusive survey reveals that over half – 52% – have never ordered their weekly shop online, and only 7% ‘always’ shop for groceries in this way (rising to 13% in Berlin) compared to 21% of UK consumers.   This begs the question: can …

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British supermarkets’ efforts to ‘go green’ with sustainability and waste reduction programmes have proliferated in the last three years, but they do not appear to be keeping pace with consumer expectations. According to market research that we commissioned, over a third (37%) of British grocery shoppers felt supermarkets are not doing enough to tackle the …

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As market and regulatory pressures build, where will European grocers find growth? The European grocery market will be worth €2,289 billion by 2022, according to the IGD, on track to grow at 3.7% (CAGR) between 2017 to 2022. While Turkey and Russia are driving most growth, Europe’s other large grocery retail markets – namely Germany, …

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Do you want the bad news or good news first?  Let’s go with bad: the grocery industry is in trouble. It’s a tough business with thin margins, high fixed costs and many perishable products. While some may argue there is positive growth in the industry, that growth has been highly uneven — and has masked …

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While demand forecasts have the power to increase profits for any business, retailers are struggling to generate accurate forecasts that would save them millions of dollars. According to the CPGs leaders in attendance at the Grocery Manufacturer’s Association (GMA) Leadership Forum, this is what’s keeping them up at night. Demand Forecasting Challenges Across all sessions, …

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The proliferation of smartphones and the rise of e-commerce has impacted consumers’ expectations and shopping preferences. As consumers drive when, where and how they shop and interact with their favourite brands, they’re also looking at CPG businesses and retailers to provide the right product, at the right time, through the right channel, and at the …

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Chief Merchandising Officers have one of the hardest jobs in all of retail. Responsible for managing the majority of all cash that goes in and out of the business, chief merchandising officers, or chief merchants, have to make crucial decisions when negotiating with vendors and evaluating new products, as well as about seasonal inventory, pricing …

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These days there’s no shortage of additions to the C-suite. Creative job titles abound, and roles that didn’t exist a decade ago like chief experience officer or chief digital officer are becoming more common. The choice to add these positions to the decision-making table reflects the core value of these functions. Companies are realizing that …

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It’s no secret that retailers and CPGs have an enormous amount of data at their disposal. The question that is on every executive’s mind, however, is how to properly harness that data, and leverage it to drive informed and valuable business decision making. Knowing that big data is something that retail executives are thinking a lot …

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Have you heard of the Collision Conference? If you haven’t and you live in Toronto, and love tech, then you must be hiding under a rock because it’s kinda a big deal. For those of you who haven’t heard of Collision, it was coined the fastest growing tech conference in North America by Forbes, and …

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Everyone knows the feeling of guilt that comes from throwing away food from the home refrigerator that just never got eaten for one reason or another. After all, consumer food waste is a major problem in the United States. Piling up to nearly a quarter of all total municipal solid waste, more food reaches our nation’s …

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It’s not news that the state of retail is changing. The constraints inhibiting some retailers from keeping up with market disruptors like Amazon and Walmart are creating a tipping point in terms of leveraging AI to automate everything from inventory to promotional marketing. We hear a lot about AI, but it’s not always clear what …

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According to a recent report, 70% of all litter in the sea is plastic. While consumers’ plastic consumption is a clear culprit, grocery stores are also adding to this predicament with inventory overstock and shrink. When unsold grocery stock reaches its sell-by or expiration date, store managers must dispose of the waste. For example, in …

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For many of us, the most appealing factor about online shopping is the convenience. We’ve been able to purchase goods online and have them delivered to our homes for quite some time. As a result, there’s a certain level of experience we’ve come to expect. Now that we’re seeing many grocery retailers offer online ordering …

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Rubikloud HQ transformed into a luxurious event space to host the first event in our new Toronto office on August 16th. Tony van Marken, businessman and adventurer extraordinaire (who also happens to be one of Rubikloud’s investors from OTEAF), joined the Rubikrew, along with a few external partners, to share stories from his adventures climbing …

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The “retail apocalypse” and “the death of brick and mortar” are common phrases echoed in the industry as pressure mounts for enterprise retailers scrambling to compete with the likes of Amazon. As one of the FANG companies (Facebook, Amazon, Netflix and Google), Amazon has passed the tipping point in its ability to collect trainable proprietary …

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It’s been an exciting 2018 and it’s only February! Today we announced that Rubikloud is adding 60 jobs in our Toronto office following our successful Series B round secured in early January, raising $37m USD. In our last blog post, I outlined our 3 major goals for the year: 1) Accelerate practical AI adoption for …

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Today we announced that Rubikloud has raised $37m USD in our Series B investment round. We are thrilled to have Intel Capital as the lead investor for this round, alongside investments from iNovia Capital and OTEAF. All three of these new investors, and our existing investors (Horizons Ventures and Access Industries), share in our vision …

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We are super excited to be chosen to host a workshop titled Workshop on Big Data & Data Science in Retail at the IEEE International Conference on Data Mining (ICDM), a top-tier research conference in data mining. The workshop will bring together academic researchers and industry professionals from all over the world to present and …

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Retailers may be tempted to focus solely on the challenges they face due to the rapid rise of Amazon into a dominant leadership position. This would be very short sighted of them. The impact to their businesses from the digitization of consumer shopping behaviour and a growing culture of bargain hunters are not to be …

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As the modern consumer becomes a multi-channel shopper, the modern retailer has been forced to follow suit. Mobile commerce or “m-commerce” is now a crucial point-of-sale for a retailer hoping to cover the entire consumer shopping experience. Machine learning systems have been expanding to mobile in many ways, but none that provide large-scale results like …

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Most of us remember childhood bedtime stories or amusing renditions of a night out with friends. These stories have helped shape who we are, and they reinforce our existing relationships. By telling stories of their own, startup businesses can create lasting impressions and personalized experiences to drive an impactful brand experience. In the highly competitive …

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An Open Letter to the Ontario Tech Community: I have been torn recently. The Ontario tech community – specifically the Toronto and KW corridor – has been getting a lot of well-deserved global press. See the CBC’s article about building our very own “Silicon Valley North”. The issue is that every time I read an article, …

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Yesterday we publicly announced our largest retail partnership to date. We are honoured and excited to partner with A.S Watson as their preferred vendor for a global roll out of machine learning applications. Over the past year, we have worked diligently with various leaders in the A.S Watson Group and have been impressed with how …

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We’re used to associating Google with the best. The cutting edge. However, this dominance has yet to assert itself  in the race to dominate cloud computing. A race currently being led by Amazon Web Services. In constructing the most valuable company ever, Google has amassed an unparalleled cloud stack, appealing to end users and developers alike. …

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Black Friday hasn’t always been a Canadian tradition, in fact only 8 years ago Canadian’s were still quietly judging Americans for their alarming behaviour only hours after celebrations of giving thanks. But, with the Canadian retail market slowly on the decline and our dollar often following suit retailers felt the need to keep sales north …

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Machine learning is a scary word for some retailers. Maybe they fear super-powered robots bent on taking over the world, but more likely they are nervous to place so much trust in artificial intelligence or new technology. While change can be frightening, machine learning is the best way for businesses to gain powerful marketing insights …

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If you’re only using big data to target consumers based on demographics or purchase history, you’re making a mistake that will cost your company a significant amount of revenue. Big data can provide retailers with a wealth of highly personalized information about their customers, informing meaningful customer interactions. But most retailers are only using the …

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In the last few weeks, I have been asked by colleagues, customers, and a few industry analysts to comment on the continued trend towards the use of cloud computing. In the last few months, we have seen AWS growing at 58% in the second quarter of 2016 as compared to the same period last year. …

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It has been a while since I’ve written an article and my goal is to change that over the next few months. I was inspired to write this series while on a plane coming back from an investor road show. It hit me that the world of retail, which we live in, is misunderstood by …

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I am not making a bold prediction today. I am exploring the possible future of retail as consumers embrace a digital and mobile first shopping experience and even lifestyle. As I ride into work in an Uber, I order my Ritual with two taps, grab a cup of coffee, walk over to my local breakfast …

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As our lives become more reliant on digital platforms, marketing, and advertising necessary to support these “free” platforms becomes an ever increasing nuisance. There is over 198 million ad blocking users globally (https://blog.pagefair.com/2015/ad-blocking-report/). How do marketers and advertisers continue to make their messages relevant and timely without knowing what each individual wants to hear about …

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Why shop online when you can take a brief trip to California’s Yosemite National Park or the Moab desert in Utah and trek the landscapes while shopping for a windbreaker? What sounds like a dream vacation was in fact a campaign hosted by the outdoor equipment retailer, North Face. The in-store experience was limited to …

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Imagine walking into a store and never having to pull out your wallet, or fumble around for cash. Imagine the ability to use your own identity as a form of payment. Sound like a scene from the Minority Report? To some, definitely. For others, like Google, it’s their latest project. It’s appropriately called ‘Hands Free’ …

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The beauty industry is one where personalization and experimentation can come together and flourish. This is why it comes as no surprise that beauty retailing in the US is evolving, as consumers are turning towards mobile technology while shopping for their favourite products. New research reveals that 45 percent of beauty consumers prefer to consult …

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Retailers share one commonality no matter what industry or product they sell : they’re always looking for ways to increase revenue and optimize customer experience. Accurately predicting what to sell each customer and at what price is a difficult task, but a necessity when it comes to keeping customers happy. The tricky part is effectively …

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Can you recall the last time you walked past a Jacob, Smart Set or Mexx retailer while shopping in Canada? Do you even remember the brands? October 2014, November 2014 and December 2014 respectively are the dates when each company announced that store closures were beginning to happen. Although Smartset is disappearing under the Reitman’s …

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At the beginning of 2015, it seemed that store closure may be upon us, but by September there was hope for luxury brands in Canada. Now in 2016, purely digital companies are opening physical shops. Crazy, right? We’ve entered a time where in order to be successful, online retailers cannot solely exist online.  Well known …

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Personalization is evolving. What used to be as simple as including a name in an email, or wishing the subscriber a “Happy Birthday”, will no longer be enough to meet consumer demands. With Big Data technology, enterprises can create a seamless experience for users across all touch points. Innovative startups are using machine learning and …

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Walking into a grocery store today, is a lot different than ten years ago. Although some things like the milk being located at the back and a 1-12 item express lane, may never change, today’s stores are innovating. Technology in POS systems, loyalty programs, store layouts, and smarter and more helpful associates, are creating a …

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Asking for an e-mail at checkout, or trying to convince shoppers to buy-in to your loyalty program by saying they can save 25%, might be doing more harm than good. Why? Consumers want to know what’s in it for them and what benefits they’re going to receive. Loyalty programs that are not delivering to their …

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The holidays can be a time when shoppers make one purchase and disappear forever, or if the retailer is lucky, the buyer will return next year. Even though the holidays are considered the most wonderful time of the year retailers can look to January as their magical season. The new year is a fresh start …

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In the upcoming weeks, Canadians will be making their way to the election polls. While most voters are concerned with common issues like health care, the environment, child care and retirement, there is another matter that deserves attention. Employing 2.2 million, the most Canadians of any sector, the retail industry impacts communities and is a …

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At the beginning of 2015, things were looking less than promising for the Canadian retail landscape. An array of stores had shut down, and Target’s massive Canadian experiment had been a massive failure. But with the holiday season just around the corner, retail in Canada is looking more promising than ever with a number of …

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Are offline and online retail channels different from each other? Both channels aim to optimize the customer experience, drive traffic & frequency, increase basket sizes and improve sales & margin. Yes, the goals of each channel are the same, but the access to data in the e-commerce world is a major difference. It ultimately improves …

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How valuable is your data? We have all reached the general consensus that consumer data is valuable, that is why we continue to see innovative ways for retailers to capitalize on it like beacons and elaborate customer loyalty programs. But consumers should start to question how much value the retailers are getting out of their …

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I entered the world of retail in the early 1990s and have worked my way up from the sales floor to the head office. Throughout that time, technological advancements have changed retail significantly. Interestingly enough, the following 5 principles have remained constant and don’t show any signs of changing. 1. Customers Are Number one: Twenty-five …

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Start-ups often ignore Asia until much later on in their life cycle. I don’t necessarily agree with this strategy. When you are in an industry that is undefined and rapidly changing such as big data, the geography you target matters less than the industry or vertical. This article is our chance to share some real-life …

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You can enter anything you want into a google search bar, and now for the first time ever, you can physically enter into a google store. They’ve joined the likes of Microsoft and Apple having opened their first brick and mortar store last week in Currys PC World in the UK. If consumers didn’t need the …

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 It’s no secret that there is something serious going on in the Canadian retail industry and the winds of change don’t particularly seem positive. It didn’t feel like too long ago that Sears regretfully informed Canadians of major cutbacks and the iconic Eaton Centre store prepared for shutdown. Now in the last few months Canadians …

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Security has always been a factor when considering things like digital wallets and mobile payments. With the increased number of financial fraud cases, it is hard to know who to trust with your digital currency. Many believe that if you are going to put your faith in anyone, it’s safe to trust Osama Bedier, former …

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Omnichannel refers to the omniscient retail experience. In other words, it is the multichannel approach  to convenience and customer satisfaction. Retailers have been talking about its impending actuality for  years now, but we have yet to see many of them master its basic principles. The benefits of omnichannel for both retailers and consumers are obvious. …

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Due to the natural competition we see between China and North America it is easy to debate the significance and power of Alibaba/JD.com and Amazon/eBay. In my previous article I discussed China and its ever-growing respect as the worlds new eCommerce leader. Today I want to delve deeper into the commonalities and variations we see …

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The largest IPO in history is certainly something to brag about, but Alibaba is bringing some much-needed  attention to eCommerce in China as a whole. Year over year China experiences exponential growth in their  eCommerce market, and although the growth rate of internet users has slowed down, the online shopping  population has continued to grow …

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                                Bitcoin may seem like the elusive internet currency that isn’t quite relevant yet, but Bitcoin is steadily making its way into mainstream consumerism. Bitcoin is a decentralized virtual currency that allows anyone with an internet-connected device to instantly send or …

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A digital wallet (or e-wallet) is exactly as it sounds. It is a blanket term for a range of technologies that are changing the way we pay for things. The days of inconvenient swiping and PIN entry are over. We are well on our way to a world where a mere “tap” is all that …

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By the mid-2000’s every retailer was accepting that mobile shopping or “m-commerce” was transforming consumerism. Both online and offline stores had reasons to fear the change but also just as many reasons to embrace it. Seemingly the greater fear was with brick-and-mortar stores as they wondered if they would eventually become obsolete. The added convenience …

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I sat down with Dan (our product guy) last week to talk about iBeacon and how it’s a game changer for offline retailers.iBeacon and similar emerging technologies have the potential to take offline retailers into the digital age. iBeacon is Apple’s trademarked “indoor proximity system”. It uses Bluetooth Low-energy (BLE) technology to pull location-based information …

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  Over the past few years, innovations in technologies have changed the way retailers do business. With each innovation, retailers have to scramble to adhere to the ever-changing landscape or fear being left behind. We’ve seen things like social media force the highest standard for customer experience.  Now a displeased customer won’t be asking to …

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Why do online retailers accept 2% conversion rates as “good enough?” How do large offline retailers properly understand their customers across multiple channels and actually innovate their way out of this retail war? How can they increase their conversion rates without spending millions more on paid search alone? This endless cycle of invest $100 in …

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Preamble:  Over the past month, we have been working really hard on our core messaging. Big Data and Analytics is a space with lots of buzzwords and we want to simplify that. Businesses don’t care about buzzwords. This is obviously an iterative process, but we’re getting closer. Post: It’s been a crazy week so far. …

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