With Covid restrictions now a distant memory across the UK, this year workers have already begun to flock back to the office, as February saw workplace occupancy rise to 27% – its highest level since the pandemic began.
Read this week’s latest Hark Friday Five our best energy, sustainability, technology and IIoT stories and trends.
Digital twins are a digital representation of a process, service or physical object. This computerised replica of the system or object is used to predict and assess performance and behaviour. A Digital twin’s main aim is to aid decision making by providing realistic indications of a systems current and future behaviour.
Asda has launched an innovative project at its Stevenage tech store as part of a series of trials that will connect the in-store experience.
The industry most notorious for issues revolving around sustainability is fashion.
No cash, no cards – no tills? If you took this news to the middle ages, they’d have burned you at the stake. But here in the outrageous present tense, all is normal (well, kind of).
It’s interesting isn’t it, how a single industry, like retail, can be simultaneously faced with two completely opposing challenges? On one side of the spectrum, the typical grocers are having to tackle rapid spikes in bulk buying alongside big-spending seasons, which results in supply chain and stock issues.
Rishi Sunak announced that the UK Government are releasing a £4.6 billion relief package scheme to the retail, leisure and hospitality sectors. These sectors are to be given up to £9,000 one-off grants. Additionally, £594 million will be given to councils to help the businesses impacted by local lockdowns who are not eligible for the new payments.
One of the biggest economic consequences of the coronavirus pandemic is the exceptionally high increase in unemployment, which due to a combination of business closures and cutbacks, is set to rise to 2.6 million by mid-2021.
The UK is reported to have the highest level of shrinkage in Europe.
Put yourself in the shoes of a customer; you go to a reliable store for a product that you really want, but it isn’t there! Immediate reaction? Go elsewhere.
IoT has already proven itself extremely beneficial in the retail sector across multiple applications from delivering efficiency in energy consumption to monitoring stock levels in real-time.
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