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On the other hand, POS systems process and utilize information about both the type of customers and the product categories they choose.

Artificial intelligence and competitiveness in the retail sector

The importance of AI and machine learning in the retail market is confirmed by the projected dramatic growth of AI services worldwide, which will skyrocket from $5 billion to $30 billion by 2030

The value of the warehouse is maximized as well as its location as ‘just in time’ and ‘delivery’ (fast and timely delivery) are now the dominant criteria for purchasing choices on the part of the Customer.

Fast- moving retail in the new demanding era

By: EBR | Wednesday, February 28, 2024

Retail in the new era is changing its face, spearheaded by the new circular economy and sustainable growth

The family business works. Contrary to a fairly widespread popular perception of family business as economically marginal, over 50% of U.S. GDP comes from family businesses.

Family businesses might come to dominate the business world

By: EBR | Monday, February 12, 2024

In the ever-evolving economic landscape, family businesses may often be seen as standing as unassuming beacons of resilience and endurance

Almost half of respondents said productivity improved either slightly or significantly, and 86% stated it highly likely they would continue with a four-day work week after the study.

Four-day work week trial in Spain leads to healthier workers, less pollution

By: EBR | Thursday, October 26, 2023

Work smarter not harder has been the mantra of management consultants for decades

There are several categories of players in the European acquiring market but new generation paytech firms like NJoy by Anatoly Makeshin and Kevin are gaining traction in an industry that has typically been dominated by traditional banks and integrated software developers.

The European acquiring market is surging

By: EBR | Tuesday, October 10, 2023

Paytech startups such as NJoy Payments by Anatoly Makeshin and Lithuanian-based Kevin have a chance to challenge large providers

“Lithuania has solid research capabilities and innovation, while Taiwan has commercialisation capabilities and experiences in developing international markets, which will be an essential model for broadening Taiwan-Lithuania economic cooperation,” Alex Liao, director of the Economic Division on behalf of the Taiwanese Representative Office in Lithuania, told Euractiv.

Taiwan encourages companies to invest in Lithuania to deepen bilateral cooperation

By: EBR | Tuesday, October 3, 2023

Lithuania has solid research capabilities and innovation while Taiwan has commercialisation capabilities and experiences in developing international markets

MORE ARTICLES

AI-powered career coaches are here to stay. They don’t need to be seen as competitors to human coaches, but complementary, because they are useful tools that can be leveraged by human coaches to improve the breadth and depth of the career coaching services they offer to their clients.

How could AI shape the future of career coaching?

By: EBR | Friday, September 29, 2023

According to the World Economic Forum’s 2023 Future of Jobs Report, 44% of workers’ skills will be disrupted in the next five years

The restoration of investment-grade status reaffirms the country’s credibility in the global financial arena, instilling confidence among investors and opening the door to enhanced access to capital markets.

Greece’s investment grade: The ongoing journey of a remarkable recovery

By: EBR | Wednesday, September 13, 2023

It was back in 2010 when Greece managed to succeed in becoming the first euro-zone member to be downgraded to junk by credit rating agencies after decades of lack of fiscal discipline

Drawing inspiration from the core values of: "welcome," "locality," "wellness," "hospitality," and "quality," WELCALITY is set to reshape the boutique hotel landscape in Greece and across Europe.

Elevate Your Boutique Hotel’s Success: Join WELCALITY at TTG Travel Experience 2023

By: EBR | Monday, August 28, 2023

WELCALITY, is thrilled to introduce an exclusive opportunity for boutique hotels seeking growth and prominence

“Austria should not only be known for Lippizaner, Mozartkugeln and clean electricity but also for microchips ‘Made in Austria’,” Chancellor Karl Nehammer (OVP) stressed on Thursday, adding that the government wants to expand Austria’s role as “one of the leading European players”.

Austria aims to enter global chip plant race

By: EBR | Friday, July 14, 2023

Austria wants to become one of the EU’s leading countries in the chip industry and is banking on the EU’s Chips Act as the main vehicle for boosting semiconductor production

Social intrapreneurs, people within large corporations who take direct initiative for innovations that address social or environmental challenges while also creating commercial value, allow companies to “do well and do good” simultaneously

Social intrapreneurship needs a systems-thinking upgrade

By: EBR | Monday, July 3, 2023

As early as 2014, people were arguing that social intrapreneurs were among the most valuable employees in a company — today, their role may need a re-think

To mitigate the risk of sales loss due to technical integration difficulties, sluggish payment processing and lack of secure payment alternatives, these merchants are in dire need of enhanced payment solutions.

How suboptimal payments and fraud in e-commerce affect the global economy

By: EBR | Tuesday, June 27, 2023

In an era where online shopping, from electronics to clothing, is the norm, we have seen a rapid surge in digital payment solutions and e-commerce platforms

The banking sector now must navigate inflationary pressures, rapid normalization of monetary policies and growing fragmentation.

Future of banking: 5 trends reshaping a sector in turmoil

By: EBR | Thursday, June 15, 2023

A period of relative stability for the banking sector ended at the onset of the COVID-19 pandemic, and further shocks tested the stability of the industry at the start of the war in Ukraine, followed by supply chain disruptions

At the same time, there are those in the European political debate who believe that businesses, almost irrespective of size, are far too dominant in the political process.

Hirschman to the Rescue: How Political Should Companies Be?

By: EBR | Tuesday, May 23, 2023

Particularly in Europe, there is a widespread tendency among medium-sized companies to shy away from engaging in politics

DM is an effective way to reach a larger audience and promote brand awareness. It includes various techniques such as social media marketing, search engine optimization (SEO), email marketing, and content marketing. By using digital marketing techniques, companies can target their audience more precisely and get more measurable results than traditional marketing methods.

Digital marketing and strategic positioning - Finding the best practices

By: EBR | Wednesday, March 22, 2023

Digital marketing (DM) is an essential part of strategic positioning for companies on the market

“Influencers must be subject to the same rules as those that apply to traditional media,” Le Maire said, adding the internet “is not the WIld West” and he, therefore, wants to “give a status and reinforce controls” on influencers.

France to regulate social media influencers

By: EBR | Tuesday, March 14, 2023

The French government is set to present a plan to better regulate the commercial work of social media influencers to ensure they, as well as the consumers of their content, are better protected

The number of bankruptcy declarations increased during all four quarters of 2022.

BusinessEurope: Rapidly increasing numbers of bankruptcies are alarming

By: EBR | Monday, February 20, 2023

New data shows that the number of bankruptcy declarations among businesses in the EU increased substantially in the fourth quarter of 2022

Some of the social changes brought about by the pandemic have redefined how and where many people work. And remote working has proved popular, leaving many people reluctant to return to full-time in-person office work.

Right to disconnect: The countries passing laws to stop employees working out of hours

By: EBR | Monday, February 6, 2023

The shift to remote working has blurred the line between home and work life for many people, leaving them answering calls, texts and emails at all hours

“By using heat from data centres that would otherwise go to waste, as well as a vertical hydroponics system to optimise the use of space and LED lighting to minimise energy consumption, Containing Greens is able to offer a more sustainable alternative to cultivating fresh produce in the High North,” explained Johansson.

Innovative start-up scoops top Arctic award

By: EBR | Wednesday, November 30, 2022

The International Polar Foundation has announced the winner of the first ever “Laurence Tran Arctic Futures Award” in recognition of efforts to build a “more sustainable future."

Women leaders are leaving their jobs in unprecedented numbers.

What is the ‘Great Breakup’ and why are so many women leaders quitting?

By: EBR | Monday, November 28, 2022

Unprecedented numbers of women leaders in the US are quitting their jobs, according to a new survey

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EU Actually

VDL: Commission President and Candidate

N. Peter KramerBy: N. Peter Kramer

A week ago, at a press conference, Commission President von der Leyen nixed talk about the next step for Ukraine’s membership of the EU before this June’s EU Parliamentary elections

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Map: farmers protests lead to concessions almost everywhere

Map: farmers protests lead to concessions almost everywhere

Since the start of 2024, farmers have been demonstrating in almost every European country, winning concessions from national governments and opening the debate on measures at the EU level

Business

Artificial intelligence and competitiveness in the retail sector

Artificial intelligence and competitiveness in the retail sector

The importance of AI and machine learning in the retail market is confirmed by the projected dramatic growth of AI services worldwide, which will skyrocket from $5 billion to $30 billion by 2030

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