Articles by tag: consumer buying behavior
Inflation in the U.S. reached its highest rate in four decades at 6.6 percent in 2022, and as prices rose, consumers were naturally expected to shift gears and slow down on spending. A record-setting holiday season for retail sales assuaged some of those concerns. Couple that with the most recent CPI report, which had some […]
Latest
AI-Powered Exit Technology Can Ease Checkouts, But Larger Stores May Grapple with Scalability Issues
In recent developments, Sam’s Club has initiated the deployment of AI-powered exit technology across more than 120 of its retail locations, aiming to enhance customer experience by significantly reducing wait times. This move emerges as a contrasting response to Amazon’s recent pullback from its Just Walk Out technology, which allowed customers to shop without […]
New Pricing Strategies and Charging Standards Are Crucial to Mitigate Profitability Challenges in the EV Sector
Recent fluctuations in Tesla’s quarterly earnings and a general moderation in the growth of electric vehicles (EVs) in the U.S. market have raised concerns about the profitability challenges facing the EV industry. Despite an initial explosive growth, the increase in market share is showing signs of slowing down. These shifts occur amidst a broader […]
Domestic EV Manufacturers Can Prosper with Streamlined Supply Chains and Cost-Effective Batteries
Electric vehicles (EVs) are shifting from a niche market for early adopters to a mainstream consumer choice. With this new trend, manufacturers face the daunting challenge of how to lower costs while simultaneously improving the affordability and profitability of these vehicles in the U.S. market. This shift necessitates a deep dive into the complex […]
Advanced Tech, Cost Engineering, and Falling Lithium Prices Propel U.S. Automakers Toward Affordable Electric Vehicle Production
As global attention continues to focus on sustainable transportation, the electric vehicle (EV) sector is increasingly seen as a vital part of the transition away from fossil fuels. Historically, the automotive industry has shown a pattern where initial high costs of new technologies gradually decrease as production scales and processes improve. This trend is […]