ECR Retail Loss Challenge 2018 - Conclusions

Page 1

ECR Retail Loss Challenge What happened?


The overall process: how it happened ● Launched initiative on Feb 8th in Paris ● Five “sharks” identified. ● 1:1 briefings with the five sharks; What are your biggest headaches?


The briefs


The timeline


RISK PREVENTION STARTUPS & INNOVATIVE ENTERPRISE SOLUTIONS

ADJACENT INDUSTRIES

PHASE 3

PHASE 2

PHASE 1

Search focus

UNIVERSITIES & RESEARCH


The journey INBOUND/OUTBOUND:

THE LONG LIST

THE MEDIUM LIST

500,000+

-

20 APPLICATIONS CO:CUBED DATABASES VCs, ACCELERATORS ETC EXPLORING ADJACENCIES ENGAGING UNIVERSITIES

SHORTLISTING:

200

-

REVIEWED FOR BRIEF FIT, SCALABILITY AND INNOVATIVENESS RANKED GREEN / AMBER / RED TO STREAMLINE DECISION MAKING

FINAL CUT:

FINAL

20

-

SHOWCASE BROAD VARIETY OF SOLUTIONS ALIGNED ACROSS JUDGES, WITH AT LEAST ONE COMPANY YOU’D BE INTERESTED IN PILOTING


Brief one

FRICTIONLESS CHECKOUTS

Smart shopping carts

Amazon Go enablers

Mobile self checkout

Biometric payments


Brief two Hot products

PRODUCT SECURITY

Tagging

Video analytics


Brief three

FRICTIONLESS COLLEAGUE CHECKOUTS SAFETY

Employee training

Wearables

Smart monitoring

Behaviour recognition


Brief four

Story telling & resource planning

FRICTIONLESS LEVERAGING COLLEAGUE CHECKOUTS SAFETY DATA

Stock detection

Risk prediction

Big Data analytics


Brief five

PRODUCT BETTER COLLABORATION SECURITY

Collaborative platforms

Case builders


Top 20 join for speed-dating 60 retail leaders meet 20 innovative startups across all five briefs.


Startup speed dating feedback ● Start ups very happy with the quality of delegates ● Found value in meeting both existing and new clients ● Over a third made 5 or more strong leads ● 100% of respondents would take part in the process again ● Opportunity to network informally at drinks well received ● Venue and logistics could be improved


Top five final pitch session

The chance to pilot with 5 major retailers


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