Digital Brands Group reported a 48% year-over-year increase in net revenue to approximately $5.1 million in the first quarter, largely driven by the full results from the acquisition of Sundry.
Coty has adopted an innovative approach to merging science, sustainability, and art in the beauty industry.
Premium skin-care brand Dermalogica has launched a ChatGPT version of its “Dermalogica: The Book” skin-care treatment manual to train professional therapists.
Deliverect, a company specialising in integrating delivery orders for restaurants, is set to enhance its services by acquiring ChatFood, a social media ordering platform.
Despite a challenging economic climate, consumer goods companies are investing heavily in their supply chains, focusing on three key trends: creating new forms of engagement, optimising for resilience, and scaling performance through technology, according to Gartner.
Purple, the DTC mattress brand, has unveiled its Premium and Luxe Collections, signalling a shift towards focusing on premium products.
Coca-Cola’s Global Head of Marketing Technology, Pratik Thakar, suggested that businesses prioritise investing in artificial intelligence (AI) rather than Web3 technologies.
Consumer habits have shifted towards healthier lifestyles, environmental sustainability, and animal welfare, driving the demand for plant-based foods.
Kraft Heinz has reported a $30 million increase in sales by leveraging artificial intelligence (AI) in its supply chain visibility functions.
In a world where ending hunger, improving nutrition, and treating chronic diseases through sustainable food sources seem like distant goals, synthetic biology holds the potential to make this vision a reality.
Pearlita Foods, a Raleigh-based alternative seafood company, is on a mission to provide sustainable, plant-based versions of seafood.
Wendy’s has partnered with Google Cloud to pilot artificial intelligence (AI) technology at a company-operated drive-thru in June.
According to Daniel Heaf, Vice President of Nike Direct, omnichannel shoppers are “at least twice” as valuable as online-only shoppers for Nike.
Coca-Cola has signed a deal with California-based sales and marketing network Frutura to license its Minute Maid and Simply Select brands for use on fresh fruit.
Juice maker Ocean Spray, luxury retailer Neiman Marcus, packaging and paper company DS Smith, and material handling trade association MHI have joined the Supplier Leadership on Climate Transition collaborative.
According to data from the Good Food Institute, the global plant-based food industry generated $8 billion in sales and received $1.2 billion in investment in 2022.
Crocs, the footwear retailer known for its clog shoes, reported revenue of $884.2 million for Q1 2023, a YoY rise of almost 34%, driven by strong brand strength and new product introductions.
Coty, a beauty company that owns brands like Marc Jacobs and Rimmel, has partnered with 3D social platform Spatial to create an internal metaverse for upskilling its global workforce.
A San Francisco bar, Raven Bar, has created what it calls the first AI-created cocktail, ChatGPTini, on a bar menu in the city, using OpenAI’s ChatGPT language model.
Kimberly-Clark, the consumer goods company behind brands including Kleenex and Huggies, has reduced daily variability by 40% by using an AI-enabled tool to improve distribution planning and deployment.
Poul Weihrauch, the new CEO of Mars, has said that companies have a “moral” duty to reduce their environmental footprint amid the ongoing battle against climate change.
Resale is a niche market that is difficult to make profitable in the e-commerce space, according to experts.
Specialty menswear and rental apparel retailer Men’s Wearhouse has launched an online concierge tool called Wedding Wingman to help grooms choose their wedding outfits.
Consumer goods companies, including Nestle, General Mills, and AB InBev, are integrating an AI assistant that uses OpenAI’s GPT-4 language model for business intelligence discovery.
PepsiCo has launched pep+ Partners for Tomorrow, a digital platform to offer a range of sustainability solutions to its customers in the retail, foodservice and hospitality industries.
Consumer goods companies are increasingly seeing their supply chains as potential revenue generators, according to a report.
The consumer goods industry is a highly competitive space, with companies constantly seeking new ways to improve their operations and stay ahead of the competition.
Chips Ahoy, a Mondelez-owned brand with a 60-year history, is transferring its linear television advertising expenditure to social and digital media in order to better target Gen Z customers.
Startups are known for their innovative ideas, but taking those ideas from conception to market can be a challenge. The go-to-market phase, also known as the Traction Gap, is a critical period that destroys the vast majority of startups.
Unilever, which owns brands ranging from Dove to the high-end Tatcha and Hourglass Cosmetics, has been working on robots and artificial intelligence for use in product testing and development.
Digital Brands Group reported a 48% year-over-year increase in net revenue to approximately $5.1 million in the first quarter, largely driven by the full results from the acquisition of Sundry.
Coty has adopted an innovative approach to merging science, sustainability, and art in the beauty industry.
Premium skin-care brand Dermalogica has launched a ChatGPT version of its “Dermalogica: The Book” skin-care treatment manual to train professional therapists.
Deliverect, a company specialising in integrating delivery orders for restaurants, is set to enhance its services by acquiring ChatFood, a social media ordering platform.
Despite a challenging economic climate, consumer goods companies are investing heavily in their supply chains, focusing on three key trends: creating new forms of engagement, optimising for resilience, and scaling performance through technology, according to Gartner.
Purple, the DTC mattress brand, has unveiled its Premium and Luxe Collections, signalling a shift towards focusing on premium products.
Coca-Cola’s Global Head of Marketing Technology, Pratik Thakar, suggested that businesses prioritise investing in artificial intelligence (AI) rather than Web3 technologies.
Consumer habits have shifted towards healthier lifestyles, environmental sustainability, and animal welfare, driving the demand for plant-based foods.
Kraft Heinz has reported a $30 million increase in sales by leveraging artificial intelligence (AI) in its supply chain visibility functions.
In a world where ending hunger, improving nutrition, and treating chronic diseases through sustainable food sources seem like distant goals, synthetic biology holds the potential to make this vision a reality.
Pearlita Foods, a Raleigh-based alternative seafood company, is on a mission to provide sustainable, plant-based versions of seafood.
Wendy’s has partnered with Google Cloud to pilot artificial intelligence (AI) technology at a company-operated drive-thru in June.
According to Daniel Heaf, Vice President of Nike Direct, omnichannel shoppers are “at least twice” as valuable as online-only shoppers for Nike.
Coca-Cola has signed a deal with California-based sales and marketing network Frutura to license its Minute Maid and Simply Select brands for use on fresh fruit.
Juice maker Ocean Spray, luxury retailer Neiman Marcus, packaging and paper company DS Smith, and material handling trade association MHI have joined the Supplier Leadership on Climate Transition collaborative.
According to data from the Good Food Institute, the global plant-based food industry generated $8 billion in sales and received $1.2 billion in investment in 2022.
Crocs, the footwear retailer known for its clog shoes, reported revenue of $884.2 million for Q1 2023, a YoY rise of almost 34%, driven by strong brand strength and new product introductions.
Coty, a beauty company that owns brands like Marc Jacobs and Rimmel, has partnered with 3D social platform Spatial to create an internal metaverse for upskilling its global workforce.
A San Francisco bar, Raven Bar, has created what it calls the first AI-created cocktail, ChatGPTini, on a bar menu in the city, using OpenAI’s ChatGPT language model.
Kimberly-Clark, the consumer goods company behind brands including Kleenex and Huggies, has reduced daily variability by 40% by using an AI-enabled tool to improve distribution planning and deployment.
Poul Weihrauch, the new CEO of Mars, has said that companies have a “moral” duty to reduce their environmental footprint amid the ongoing battle against climate change.
Resale is a niche market that is difficult to make profitable in the e-commerce space, according to experts.
Specialty menswear and rental apparel retailer Men’s Wearhouse has launched an online concierge tool called Wedding Wingman to help grooms choose their wedding outfits.
Consumer goods companies, including Nestle, General Mills, and AB InBev, are integrating an AI assistant that uses OpenAI’s GPT-4 language model for business intelligence discovery.
PepsiCo has launched pep+ Partners for Tomorrow, a digital platform to offer a range of sustainability solutions to its customers in the retail, foodservice and hospitality industries.
Consumer goods companies are increasingly seeing their supply chains as potential revenue generators, according to a report.
The consumer goods industry is a highly competitive space, with companies constantly seeking new ways to improve their operations and stay ahead of the competition.
Chips Ahoy, a Mondelez-owned brand with a 60-year history, is transferring its linear television advertising expenditure to social and digital media in order to better target Gen Z customers.
Startups are known for their innovative ideas, but taking those ideas from conception to market can be a challenge. The go-to-market phase, also known as the Traction Gap, is a critical period that destroys the vast majority of startups.
Unilever, which owns brands ranging from Dove to the high-end Tatcha and Hourglass Cosmetics, has been working on robots and artificial intelligence for use in product testing and development.
Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.
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