Alkemics to Power productDNA:Hub – an Industry-Led Service to Help Retailers and Suppliers Share Product Data and Images
A group of leading UK grocery retailers and suppliers facilitated by GS1 UK, the product data standards organisation, has selected Alkemics to power productDNA:hub, the new service that helps retailers and suppliers to share and manage product data and images.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180122005133/en/
The Alkemics platform that will power productDNA:hub (Photo: Alkemics)
Alkemics is a French software platform that facilitates product data sharing between brands and retailers, allowing them to collect and enrich their product data.
After a selection phase that included the testing of 25 international solution providers, Alkemics was chosen by the group of leading UK retailers and suppliers to power the collection, standardisation, and sharing of product data among manufacturers, brands, and retailers in the UK. Starting in the spring of 2018, several leading British retailers and brands will use the Alkemics platform to speed up the standardisation and sharing of product data in the grocery retail industry.
GS1 UK put out a call for bids in early 2017 on behalf of the industry group and two finalists were chosen after several phases of testing. The finalists, including Alkemics – whose platform is already used by 90% of the grocery e-retail market in France – then conducted a proof of concept test with three retailers – Tesco, Sainsbury’s, and Ocado – and four suppliers – Unilever, P&G, Nestlé, and Itsu.
John Martin, Head of productDNA at GS1 UK: “We completed a thorough, structured evaluation of leading product data management solutions against the needs of our community including pilots for a number of shortlisted vendors. We were fortunate to have massive support from retailers and manufacturers in this process, and the decision to select Alkemics was widely supported. The group, facilitated by GS1 UK, selected Alkemics to power productDNA:hub because of their deep understanding of the industry’s needs and their innovative, intuitive and flexible technology. They put us in an excellent position to deliver a single industry-wide solution to accelerate the grocery industry’s digital transformation. Their solution, which is designed and built for the cloud, manages commercial, supply chain, eCommerce and image data together. It was a perfect fit for productDNA:hub.”
High-quality, digitised and standardised product data is increasingly important to both suppliers and retailers. Logistical and regulatory data, marketing content, and visuals can now be used in a variety of different contexts – from retail information systems and databases, to logistics management and e-commerce sites. The growing need for transparency among consumers and the increasing number of distribution channels have also helped make product data a key concern for the retail industry.
To tackle the problem, twelve manufacturers and retailers, representing 80% of the UK grocery retail sector, worked with GS1 UK to find a single industry solution for product data management.
Gary Lynch, CEO of GS1 UK said: “Product data management and the sharing of information between suppliers and retailers has always been a challenge for the retail industry – our research suggests the industry could save £200m by improving data quality and facilitate data sharing. productDNA:hub is the solution to that problem.”
The Alkemics platform will offer a dashboard, data quality monitoring tools, and brand-retailer activity tracking. All data collected is also structured and standardised.
The single omni-channel platform addresses both the needs of offline and e-commerce business and its flexible data models, which can be modified “on the fly”, allowing the technology to adapt to growing needs of the retail industry in line with the evolution of GS1 UK standards.
“Nowadays, professionals from all departments, from IT to marketing to sales, have to access and use product data. Each of them needs to be able to easily add, view, and share data in a single secure location” explained Antoine Durieux, founder and CEO of Alkemics.
“We've developed a user-friendly, intuitive platform to meet the needs of a variety of different professionals, as effectively as possible. While more than 5500 brands have started using our platform over the past two years in France, this collaboration with GS1 UK is an important milestone in our development, as it not only shows our technology’s adaptability and scalability, but also our competitiveness alongside global industry leaders. Our software has proven to be a versatile and future-focused solution that will accompany the retail industry through its digital transformation. We are very pleased to have been selected by the industry group and GS1 UK as the technology provider to productDNA:hub.”
– Ends –
Alkemics is the digital collaboration platform for retail. The cloud-based Saas solution helps retailers and brands digitize, collect and share product data in one single secured place. Alkemics facilitates collaboration and drive operational excellence with automated collection, correction and sharing of high quality product data (GS1 standard). After raising 20 million euros in a Series B funding round in September 2016, Alkemics has seen great success within the retail market in France over the past two years, with more than 5,500 brands and 90% of the grocery e-retailers joining the platform. Alkemics has launched several new retail industries in 2017(beauty and cosmetics, health, Out of Home…).
About GS1 UK
GS1 UK is a community of over 33,000 members working in retail, foodservice, healthcare and more. GS1 UK is one of 112 independent, not-for-profit GS1 organisations operating across 150 countries worldwide. GS1 UK helps everyone involved in making, moving and trading goods, automate and standardise their supply chain processes using the common language of GS1 global standards.
Florence Calba / Pierre Gatey
0660242861 / 0607338945
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Mori Building and teamLab Launch Unprecedented Digital Art Museum21.6.2018 02:00 | Pressemelding
“MORI Building DIGITAL ART MUSEUM: teamLab Borderless,” an unprecedented digital art museum — jointly created and operated by Mori Building Co., Ltd, a leading urban landscape developer, and teamLab, a world-leading digital art collective — opened today, the two organizers announced. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180620005005/en/ Toshiyuki Inoko, Founder of teamLab (Photo: Business Wire) The digital art museum features approximately 50 interactive artworks, some completely new, in a huge 10,000m² area with five zones. The interactive artworks have no borders separating them from the other works. Some extend beyond their installation rooms and into the corridors, some overlap with other works and some even fuse with other works. Since there are no boundaries, the immersive works keep the boundaries between people in a state of continuous flux. Visitors physically enter and explore the works as well as experie
Keihin Switches to Rimini Street Support for Oracle EBS20.6.2018 23:00 | Pressemelding
Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that Keihin Corporation, a leading Japanese automotive parts manufacturer, has switched to Rimini Street support for its Oracle E-Business Suite (EBS) system. By switching to Rimini Street, Keihin now receives a more comprehensive, responsive service for its Oracle EBS application and support for its custom, add-on code for a guaranteed minimum of 15 additional years from the date they switched, with no required upgrade to remain supported. In addition to receiving vastly improved service, Keihin also immediately realized savings of 50 percent in annual support fees. This cost savings of several tens of millions of yen annually can now be reinvested into more important initiatives in the IT organization, such as the development of a future cloud environment. This press release features mul
Results of MSCI 2018 Market Classification Review20.6.2018 22:08 | Pressemelding
MSCI Inc. (NYSE:MSCI), a leading provider of indexes and portfolio construction and risk management tools and services for global investors, announced today that beginning in June 2019, it will include the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index, the MSCI ACWI Index, and other global and regional indexes as applicable. This decision follows the implementation in the Saudi Arabia equity market of a number of regulatory and operational enhancements which effectively increased the opening of the market to international institutional investors. The proposal for inclusion received the support of the vast majority of international institutional investors that participated in the consultation. MSCI will include the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index, representing on a pro forma basis a weight of approximately 2.6% of the index with 32 securities, following a two-step inclusion process. The first inclusion step will coincide with the May 2019 Semi-Ann
Quanergy Solid State LiDAR Wins Juniper Research Top Automotive Award20.6.2018 20:46 | Pressemelding
Quanergy Systems, Inc., a global leader in the design and development of solid state LiDAR sensors and smart sensing solutions, today announced that its innovative LiDAR sensors have been selected as Best Consumer Product in Automotive and Telematics by Juniper Research in its annual Future Digital Awards for Technology and Innovation. Audi's AI Traffic Jam Pilot was named runner-up in the same category. The Future Digital Awards are awarded to companies that have made outstanding contributions to their industry and who are positioned to make a significant impact in the future. “Juniper’s Future Digital Award is a testament to the hard work our team has put into developing the world’s most affordable and most reliable LiDAR technology and products,” said Dr. Louay Eldada, CEO and co-founder of Quanergy. “With momentous strides made in the autonomous vehicle space, Quanergy continues to deliver innovative solutions, including our S3 solid state LiDAR sensor, that will enable self-drivin
Cushman & Wakefield Files Registration Statement for Proposed Initial Public Offering20.6.2018 17:20 | Pressemelding
Cushman & Wakefield today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC and UBS Investment Bank will serve as joint book-running managers and representatives of the underwriters for the offering. Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. will also serve as joint book-running managers for the offering. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, J.P. Mor
Emirati Businessman and Philanthropist Abdul Aziz Al Ghurair Establishes an Education Fund for Arab Refugee Children & Youth From Countries Affected by Wars and Disasters20.6.2018 17:15 | Pressemelding
On World Refugee Day, Abdul Aziz Al Ghurair, Emirati businessman and philanthropist, announced the Abdul Aziz Al Ghurair Refugee Education Fund, a new 100M AED initiative to benefit 5,000 children and youth over 3 years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180620006060/en/ His Excellency Abdul Aziz Al Ghurair, Emirati businessman and philanthropist (Photo: AETOSWire) Abdul Aziz Al Ghurair said: “I established this fund because I believe that philanthropists have a role in helping to address one of the most acute challenges of our region: lack of education opportunities for young people who need it the most.” The Fund will award grants to support secondary, vocational and tertiary education programs for refugee youth in Jordan and Lebanon. It will also support children of families who due to wars and disasters in their home countries, temporarily reside in the UAE but are unable to afford school fees. The first rou