Retalon, a pioneer in retail AI and predictive analytics solutions, and Tech Mahindra, a top provider of digital transformation, consultancy, and business re-engineering services and solutions, today announced a global strategic alliance. Organizations in the retail and CPG sectors will benefit from the partnership's improved decision-making and increased operational effectiveness.
In order to help businesses realise considerable value in end-to-end planning, inventory management, supply chain network strategy, pricing, and promotion optimization, Tech Mahindra and Retalon will jointly offer a single shared analytic platform. The combined efforts will also provide an integrated approach to smarter inventory and fulfilment decisions, improving gross margins by 9–12% yearly.
Jagdish Mitra, Chief Strategy Officer and Head of Growth, Tech Mahindra, said, “The Retail and CPG industry is undergoing a significant transformation. With physical and online shopping platforms merging, digital transformation has become a top priority for retailers today as it helps them increase profitability, streamline new processes, and be agile. We believe that a robust collaborative ecosystem is key to a sustainable foundation in a constantly evolving industry like this. Our partnership with Retalon will empower Retail & CPG businesses to accelerate digital transformation and solve industry challenges such as supply chain risks, operational efficiency and hybrid & omnichannel consumer journeys. We firmly believe our combined efforts will further propel the global retail ecosystem with next-generation technologies.”
To deliver better consumer experiences, the alliance will combine Tech Mahindra's expertise in Retail & Consumer Goods (RCG) and Digital Services with Retalon's Artificial Intelligence (AI) and Predictive Analytics solutions.
Mark Canning, Vice President, Business Development & Channels, Retalon said “We are honoured and excited to be partnering with Tech Mahindra to help solve the most pressing needs that Retail and CPG companies are facing today. Together, we are building a strong, collaborative ecosystem that will allow Retailers and CPG companies to access all the solutions they need to be a profitable, high-margin, 21st Century business – in one holistic package. Tech Mahindra’s global reach, expertise and digital transformation solutions & services will complement Retalon’s expertise and solutions for AI driven Retail & CPG planning, inventory, and promotion market to mutually grow each organizations’ business.”
To better serve its customers' changing and dynamic demands, Tech Mahindra will expand its global retail portfolio and further solidify its market position through this strategic alliance. The collaboration highlights the business's emphasis on digital growth under the NXT.NOW framework, which is centred on utilising next-generation technology to create revolutionary solutions right away and better allow digital transformation.
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