Fung Global Retail & Technology attended our Cohort 4 Launch Reception and summarized the key takeaways of the evening. Our nine emerging startups participating in its fourth cohort provide retail solutions designed to improve the customer experience using artificial intelligence (AI), online platforms, facial recognition and on-demand ordering. More specifically, Pano Anthos, our Founder and Managing Director, announced that we are partnering with the National Association of Chain Drug Stores (NACDS), and that we plan to open a retail store where entrepreneurs will be able to test products and technology. More details of the store opening will be released later this year. Pano also described five ways that stores have evolved: they are mobilizing to serve consumers through flexible formats, offering unique experiences, operating as platforms, operating as services for consumers, and operating as factories where consumers can purchase items on demand.
Read the full report here.