Mastek Blog

Deposit Return Schemes: What UK Retailers Need to Know

31-Jan-2023 08:31:23 / by Darrell Harvey posted in Retail

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Scotland is introducing a Deposit Return Scheme (DRS) in August 2023. 

Customers will pay a 20p deposit when they buy a drink, which they will get back when they return their empty bottle or can. Given that nearly all retailers are looking for ways to reduce their impact on the environment, the positive outcomes for plastic waste reduction are clear.

 

But, the challenges of implementation are acute in an industry already dealing with economic pressures from inflation and recession. More than 500 Scottish companies have signed a letter calling for a delay in the legislation. 

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Inside Mastek – Our people

24-Jan-2023 11:27:38 / by Darrell Harvey posted in Retail, Retail Tech, Digital Transformation, Digital commerce, ecommmerce

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Meeting Customer Needs with a Visible Supply Chain

15-Dec-2022 04:56:25 / by Darrell Harvey posted in Retail, Retail Tech, Supply Chain, cio

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Edge Computing Increases Retail Margins During a Profitability Challenge

14-Dec-2022 05:49:00 / by Jaideep Nair posted in Retail, Retail Tech, Business Process Automation, edge computing

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The Internet of Things (IoT) and Artificial Intelligence (AI) are the foundation of the next major shift in the retail technology landscape the intelligent edge. Edge computing allows data to be accessed where it is created and enables business processes outside the core IT environment.  

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Supply Chain Visibility is Business-critical in the On-demand Economy

12-Dec-2022 08:01:11 / by Jaideep Nair posted in Retail, Supply Chain

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Modernising Your Retail IT with Composable Commerce 

28-Nov-2022 06:41:59 / by Darrell Harvey posted in Retail, Digital commerce, consumer market

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Composable Commerce Stimulates Retail Growth in a Recession

14-Nov-2022 06:00:56 / by Jaideep Nair posted in Retail, Digital commerce, consumer market

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Composable commerce is when retail businesses create modular architecture that can be made from interchangeable building blocks so that functionality can be added when it is needed. Retail CIOs can plug in new capabilities using APIs, microservices and other modular elements, or cluster existing services to create a new one.   

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Persistent Inflation Impacts Retail Profitability

04-Nov-2022 08:44:19 / by Darrell Harvey posted in Retail, cio, consumer market

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Every retail CIO faces the same challenge: how to maintain profitability in the face of perpetual disruption. The possible impact of persistent inflation is just the most recent addition to the profitability challenges faced by the retail industry since the start of the pandemic in 2020. 

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Why is Amazon opening its own bricks and mortar stores?

21-Jul-2022 07:21:39 / by Darrell Harvey posted in Retail, retail operations

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The company that brought us the Kindle, Amazon Prime, and a world of hilarious reviews, will now also sell us products in brick and mortar department stores too.

 

 

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8 Examples of AI in Retail You Should Know

23-Jun-2022 07:44:02 / by Darrell Harvey posted in Retail, AI

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McKinsey estimates the potential annual value of AI in the retail industry sits between £300 billion and £600 billion. It's clear the opportunity for companies is substantial.

But what exactly does thefuture of AIin retaillook like? 

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