Tag: Ecommerce

Hurricane Lane Price Caps Will Worsen Shortages | Honolulu Civil Beat

Hurricane Lane Price Caps Will Worsen Shortages | Honolulu Civil Beat

Hawaii Gov. David Ige declared a state of emergency this week, which among other things, triggers a state law that caps the prices of all goods in the state during the duration of the emergency. Although well-intentioned, the price cap is likely to exacerbate shortages and lead to a misallocation of emergency goods. Hawaii state […]

Artificial Intelligence Set in Motion | WebWire

Artificial Intelligence Set in Motion | WebWire

Over the summer holidays, my students and I returned from a field trip to Silicon Valley where we observed its latest technology and trends. Although its main up-and-coming tech such as AI(Artificial intelligence)/Big Data, robot technology, AR/VR, autonomous car, and blockchain was more or less what we expected, we learned a great deal from observing […]

Google Could Become A Bigger And Better Retailer Than Amazon | Forbes

Google Could Become A Bigger And Better Retailer Than Amazon | Forbes

#1 — Invest Like Hell In A Google Shopping Overhaul For all intents and purposes, all first product searches should happen on Google rather than Amazon. Why? Price transparency. On Google, a consumer should be able to see the prices of everything, all at once, even Amazon product, in comparison to one another. On Amazon, […]

Algorithms feeding unsustainable price cuts online | Retail Dive

Algorithms feeding unsustainable price cuts online | Retail Dive

While consumers and sellers alike may think that Amazon itself is driving price competition, it’s now often third-party marketplace sellers, on Amazon and Walmart, that initiate price-based skirmishes, according to the report. Dynamic pricing algorithms have enabled retailers to detect every online price change, including temporary promotions, and that’s, “leading to race-to-the-bottom behavior and permanent drops […]

When School Districts Buy From Amazon, Are They Getting the Best Deal? Maybe Not. | EdSurge News

When School Districts Buy From Amazon, Are They Getting the Best Deal? Maybe Not. | EdSurge News

Amazon has built its reputation by claiming cheaper prices and greater convenience for consumers. But a new report questions whether schools are getting the best deals by using the company. Among the concerns raised in the report, published by the nonprofit Institute for Local Self-Reliance, are that the company uses its dynamic pricing model in […]

The European Commission Fines Four Consumer Electronics Manufacturers for Fixing Online Resale Prices and Sketches the Contours of a New Fining Policy | JDSupra

The European Commission Fines Four Consumer Electronics Manufacturers for Fixing Online Resale Prices and Sketches the Contours of a New Fining Policy | JDSupra

The Commission’s decisions of 24 July 2018, fining Philips, Asus, Denon & Marantz and Pioneer for fixing online retail prices, inaugurate a much-awaited wave of verdicts on vertical restrictions, with the noteworthy peculiarity that they involve the use of algorithms. Separate investigations against Philips, Asus, Denon & Marantz and Pioneer were simultaneously opened in February […]

Still looking for sales growth, Procter & Gamble Co. hikes prices | WCPO

Still looking for sales growth, Procter & Gamble Co. hikes prices | WCPO

CINCINNATI – Procter & Gamble Co. announced price increases on four of its biggest brands Tuesday, even as it announced weaker than expected sales growth for its final quarter of its 2018 fiscal year. P&G said it’s in the process of raising prices on Pampers diapers in the U.S. by an average of 4 percent, […]

Pricer’s Points: The 8 do’s and don’ts of dynamic pricing | Dimitris Hiotis

Pricer’s Points: The 8 do’s and don’ts of dynamic pricing | Dimitris Hiotis

Dynamic pricing is one of the most exciting topics in the pricing world right now, with digitalization providing many great opportunities for companies to be more responsive with their pricing. But despite its technological underpinnings, dynamic pricing requires strong human oversight directed by a clear strategy. Dynamic pricing is certainly not new, having been pioneered […]

Lessons learned from the EU’s algorithmic price war that ripped off consumers | SmartCompany

Lessons learned from the EU’s algorithmic price war that ripped off consumers | SmartCompany

Algorithms used by the retailers In principle, a retailer or merchant could use the API provided by the platform to manage their pricing. Research at Northeastern University has shown that merchants on Amazon Marketplace that use algorithmic pricing have greater sales. However, merchants may not have algorithm design as a core skill. This was illustrated when a […]

How AI Is Changing Sales | Harvard Business Review

How AI Is Changing Sales | Harvard Business Review

Companies are using AI in all kinds of innovative ways to advance their businesses. If you’ve ever searched Netflix to watch a movie, AI (a recommendation algorithm) was no doubt used in your decision about what to watch.  If you’ve shopped on Amazon, your decision about what to buy was also influenced by AI (via […]