Supply chain and logistics industries worldwide lose over $1 trillion a year due to out-of-stock or overstocked items1. Shifting demands and shipping difficulties make the situation worse. Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. The retail marketplace has become increasingly complex and competitive. Keeping pace with the connected consumer, embracing emerging trends in shopping, or staying ahead of the competition--these challenges bear down on retailers and manufacturers greater than ever before.

A winter of retail discontent is looming for consumers in the UK. Post-Brexit border delays and HGV driver shortages are already leading to empty shelves in supermarkets around the country. There could even be no turkey for dinner this Christmas. The Food and Drink Federation has warned that shoppers can expect not to find all the goods they want whenever they want them for the foreseeable future. Its CEO, Ian Wright, told an Institute for Government event in September: "The just-in-time system is no longer working. I don't think it'll work again."

The eCommerce industry is booming like never before with the introduction of new technologies. The eCommerce industry is witnessing a redefined form that takes customers to a new level of experience and gratification. But how is AI helping the eCommerce industry? Traditionally, retail businesses were satisfied by just making an eCommerce website for their brick and mortar stores, but it is not enough now. You have to evolve with new emerging technologies to provide immense value to the users.

Shekar Natarajan, Wal-Mart's vice president of logistics strategy, told reporters the technology is custom-built on top of the drone and is proprietary for Wal-Mart. A control tower will oversee the images on a screen and will send alerts when items are flagged so that workers can go back to the stacks to fix the issue.