OSA Hybrid Platform Presents Its Innovations at NRF 2019 Retail’s BIG Show in New York
NRF Retail’s BIG Show, or the NRF Annual Convention & EXPO, is more than just a show: it is the largest retail forum in the world and the flagship industry event of the National Retail Federation. The Show takes place every year in mid-January in New York, USA. It is a marketplace for sharing ideas and building relationships with the biggest players transforming the retail industry today, a community of like-minded professionals, and the largest global audience and exhibitor base. In 2019, the event gathered about 37 000 attendees, 1 000 media representatives, 16 000 retail professionals, and more than 700 exhibitors.
The National Retail Federation is the world's largest retail trade association founded in 1911. Its members include department stores, specialty, discount, catalog, Internet, and independent retailers, chain restaurants, grocery stores, and multi-level marketing companies.
OSA Hybrid Platform has been an NRF member company for a couple of years, and we previously were at NRF Show as attendees, but it’s the first time that we presented our innovations as exhibitors.
The OSA team at the event was led by Alex Isaiev, OSA’s Co-founder and CEO. Also on the OSA team were Gary Fowler, OSA’s Advisor in the US, and Maria Flemming, our US-based Project Manager. The OSA’s booth in the Startup Zone was well attended, and Alex Isaiev and Gary Fowler conducted a number of meetings, both at the booth and off-the-booth, with the representatives of grocery retail and consumer product manufacturers, including:
- REMA 1000 (a Norwegian no-frills soft-discount grocery retailer)
- Sam’s Club (part of Walmart)
- Tesco Central Europe
- Coca-Cola EMEA region
- Ahold USA (Giant-Carlisle and Martin’s Food Market supermarkets)
- Norge AS (a Norwegian no-frills grocery retailer)
- Southeastern Grocers (BI-LO, Winn-Dixie and Fresco y Mas supermarkets)
- Whole Foods Market (now - a subsidiary of Amazon)
- Constellation Brands (International producer and marketer of beer, wine, and spirits)
- Walgreens Boots Alliance (Walgreens and Boots pharmacies)
Numerous meetings took place with potential technology partners, companies like Microsoft, IBM, Bossanova, NTT, NVIDIA, along with consulting companies like Accenture, Capgemini, Deloitte and others, who are looking for retail tech solutions that might enhance their service offering.
As attendees, it was also a great pleasure for the OSA team to listen to the opening speeches of Kroger’s Chairman and CEO Rodney McMullen, who spoke about the evolving role of the store and retail jobs of the future. The team also enjoyed talks given by Clay Johnson, EVP and Enterprise CIO of Walmart Inc. The team also attended an opening reception party held at The Marriott Marquis on Times Square.
Read more about NRF Retail’s Big Show here.
Below, you will find the text of OSA Hybrid Platform’s press release published on NRF Retail’s Big Show 2019 website.
OSA Hybrid Platform is attending NRF 2019 Retail’s Big Show, where we will be presenting our AI B2B solutions. The world’s most prominent retail conference and expo will be held on January 13-15, 2019 in Javits Center, NYC
OSA Hybrid Platform introduces its unique approach to solving current global retail problems to the world causing $100 billion in product waste and $1 trillion in sales losses annually. Given that the annual turnover of global TOP-250 retailers reaches $4.5 trillion, the working resolution mechanisms are the top demand for the industry today.
Our initiatives employ cutting-edge technology engines that utilize artificial intelligence and machine learning and supplement them with sharp image recognition and big data backing. By leveraging smart, self-learning technologies, we’re able to achieve considerable progress with supply and demand issues as well as enhance modern product security standards and enhance strategic planning for many companies. Precise and unbiased AI-driven product analysis, rooted in our data sensing operations and big data architecture, creates vast forecast opportunities which level the risks of contemporary retail.
The key feature of our platform is the unparalleled real-time alert system which reacts to routine in-store flaws and corrects them in real time. The system empowers staff with an effective product availability management instrument, involving different employees through flexible product permissions. The smart alert system is more than a notification tool: it goes one step beyond, offering the best immediate solution to the recurring problem.
While preparing product performance reports might be a challenge for some companies, OSA HP’s analytical engine is able to accurately identify the underlying reasons for declining sales and provide data slices for any period, brand or product in consideration.
OSA HP gained popularity among large global brands, and today our partners and clients include Mars, Danone, Nestle, Efes, and PepsiCo. Successful pilot trials were conducted in 2016 and were followed by the continuing platform success within the twelve largest consumer markets in the world. The pilot results demonstrated a solid sales growth rate of over 5%, and provided each participating company with a clear insight into the reasons for out-of-stock issues.