Overview
Total retail sales worldwide in 2023 are expected to come in at $30.3 trillion, with an annual increase of 4.5%. 2022 has been an opportunistic year for the retail industry, with new and innovative global doors opening up for their customers. The rise of AI, NFTs, and other such technologies has become a breakthrough for retailers. Industry flagbearers like the National Retail Federation have been working consistently towards acknowledging the changes and implementing them in the retail world with grand events and platforms.
The NRF Retail’s Big Show 2023 occurred from January 15th to January 17th, 2023, at New York City’s Jacob K. Javits Convention Center. And this year’s agenda was all about innovation and bringing a change to the retail industry. As a leading retail industry leader, NRF successfully hosted 175+ sessions, 350+ speakers, and 950+ exhibitors this year with well-informed and proficient events!
A Highlight of What Happened at NRF 2023
With some of the most intriguing and exciting set-ups lined in at the Retail’s Big Show, it was a power-packed event for us attendees as well. This year, the event witnessed a few things newer than usual, which defined the true nature of their entire event – INNOVATION & BREAKTHROUGHS. This year’s Retail’s Big Show had:
- NRF Innovation Lab: Groundbreaking retail transformations with futuristic, live demos of artificial intelligence, augmented reality, machine learning, facial recognition, robotics, and more!
- Startup Zone: A dedicated spot to meet the newest retail companies! Some of the brightest minds and innovative products discussed their secrets to success.
- Food Tech Pavillion: A separate space for food service businesses that discussed specific products and services that may or already have brought efficiency and operational salience to the sector.
- Exhibitor Big Ideas: Sessions led by leading experts who have tried and tested their products in the real world. They demonstrated comprehensive case studies to showcase the barriers and solutions that helped them overcome the challenges.
- Consumer Product Showcase: It welcomed breakout products from suppliers, entrepreneurs, small businesses, and brands. In addition, small-scale companies that featured their consumer-facing products to the leading retail tech giants.
Krish at NRF 2023 - Retail’s Big Show From Our Eyes
As a proud and avid attendee at Retail’s Big Show 2023, Krish met some of the most talented innovators on the platform and had intriguing conversations with them. Our CBO, Marsha Naidoo, thoroughly enjoyed the talk by Jason Semon (Adobe), Greg Hamilton(Walmart), and Ramesh Somasundaram (Infosys) at the Infosys Booth.
With the retail industry welcoming new ideas and embracing the brewing talent all around the world, we also got the opportunity to meet Kayla Agostini, Nitu Walker, and Harrison Loveall from Adobe. In addition, our Chief Business Officer, Marsha Naidoo, discussed and helped brands discover their transformational potential and the disruptive eCommerce trends for 2023 and beyond.
This year, we had some of the best knowledge-sharing experiences. We gained insights from the legendary talks by Michael Gabay and Charlie J McWeeney on “Modernizing grocery: Computer vision-powered frictionless shopping and automated operations” using their tech.
We also got the chance to understand the process of composable commerce and how it works efficiently through the insightful session of Krithika Ganesamoorthi, Molly Langenstein, Faisal Masud, and Jay Topper. They explained how they could leverage AWS (Amazon Web Services) to deliver a seamless brand experience.
Check out other NRF 2023 photos here:
Conclusion
From the opening party on Jan 14 to the final keynote presentation on Jan 17, we had a jam-packed 4 days teeming with knowledge, networking, and innovation.
At NRF 2023, there was a special discount on our eCommerce Effectiveness Audit. Did you miss out on what it looks like? Book a no obligation consultation to get more details on the eCommerce Effectiveness Audit.
At Krish, we intend to help you tap into numerous growth opportunities in and around your digital commerce business, and this year at NRF 2023 was no less. We look forward to more opportunities to help our clients and eCommerce businesses achieve sustainable growth, bring innovation through their offerings, and make the world a better, more convenient commerce place.
See you at NRF 2024!
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Minal Joshi is a content marketer at Krish with a flair for eCommerce and Digital Commerce aspects. She is a MarTech fanatic with a knack of writing with which, she helps brands to curate, create, & commence digital brand positioning. Sharing insights via articles, case studies, eBooks, Infographics, and other forms of content creation is what she lives for. Being an ardent traveler, when not writing, you'll find her sipping coffee into the mountains or petting a stray.
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14 March, 2023 Store timing doesn’t bother us anymore; now we have shopping ease. Beyond the convenience of shopping from our comfort, eCommerce has added surprises and delight to our shopping experiences. We can easily ‘walk-in’ to the most iconic digital shopping landscape for an incredible shopping experience from our solace.
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