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UBS Group stated that artificial intelligence is expected to become a functional component across all areas of retail operations.
In an email report issued on Friday, UBS Securities noted that artificial intelligence is expected to become a functional component across all aspects of retail operations, spanning from demand generation to cost structure. The report stated that hardlines and food retailers in the United States have primarily adopted AI in areas such as marketing, customer service chatbots, and basic inventory optimization. However, UBS analysts, including Michael Lasser, pointed out that the technology is now being applied more broadly across various functions. Lasser remarked that as consumers increasingly rely on large language models and agent-based systems to search for, evaluate, and purchase products, traditional traffic channels—such as physical stores and online
From potato chip packaging to auto parts, rising plastic prices are fueling the next inflation crisis in the United States.
The index tracking wholesale prices of plastic resins and raw materials surged 14% last month, reaching a near four-year high, primarily due to supply disruptions of key feedstocks caused by the conflict in Iran. U.S. CPI in May already hit a more-than-three-year high, and the full impact of rising plastic prices has yet to be fully reflected. With major companies such as Costco and Whirlpool issuing successive warnings, consumer price pressures are expected to intensify over the coming months, fueling concerns over a new wave of inflation in the United States.
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