Ella Peinovich ’12 co-founded Powered by People, a wholesale e-commerce platform based in Kenya that connects small brands to global markets, reports Annie Njanja for TechCrunch. “We are providing these businesses with new visibility into the specialty retail market in North America,” says Peinovich.
Forbes reporter Abdo Riani spotlights an MIT and Northwestern study that uncovered why startup founders should be more cautious when listening to customer feedback. In a “study of six years’ worth of transactional data of 130 thousand customers in large retail chains…[researchers] made an interesting discovery – about 25% of customers consistently buy products that end up failing within 3 years,” writes Riani.
A new study by Prof. S.P. Kothari and Prof. Eric So finds that payment for order flow is not bad for investors.The researchers found that “the price improvement for retail investors using Robinhood was better than price improvement that institutional investors receive when they trade small lots of public exchanges,” reports Felix Salmon for Axios.
In this video, Mashable spotlights how MIT researchers have developed a new system that can 3-D print objects without human intervention. “The system works thanks to a software toolkit that lets you design custom blueprints,” Mashable explains.
CSAIL researchers have developed a new system, dubbed LaserFactory, that can print custom devices and robots without human intervention, reports Brian Heater for TechCrunch. “The system is comprised of a software kit and hardware platform designed to create structures and assemble circuitry and sensors for the machine,” Heater writes.
A new paper by MIT researchers finds that instead of raising prices, companies are replying on “shrinkflation - reducing the size of products or their quality while charging the same price,” reports Dion Rabouin for Axios.
A study by MIT researchers examines how large retailers often slot items into certain price points, reports The Economist. The researchers found that retailers, “seem to design products to fit their preferred price points. Given a big enough shift in market conditions, such as an increase in labor costs, firms often redesign a product to fit the price rather than tweak the price.”
Lecturer Luis Perez-Breva writes for Quartz about why most retail corporations’ definition of AI is flawed. “'AI' is at its best when we program it to address problems that are hard for humans; when not used to upskill humans, however, all it does is shift work from employees to customers,” Perez-Breva writes.
NBC Mach’s Denise Chow writes about MIT research being done to develop color-changing, 3D printed clothing using UV light. “We wanted to know, how can we update the color of an object at any time?” said Prof. Stephanie Mueller.
TechCrunch reporter Brian Heater writes that MIT researchers have created a new system that allows users to change the color of 3-D printed objects. Heater explains that researchers, “are looking to bring color-changing properties to the 3D-printing process in an attempt to help reduce material waste.”
Marc Bain of Quartz reports that CSAIL researchers have created a system that changes the color of 3-D printed objects using UV light. The researchers hope this system will allow consumers to, “quickly match accessories to outfits, or let retail stores switch the color of clothing or other items on the spot for customers,” explains Bain.
CSAIL researchers have developed a method that allows the color of 3-D printed objects to change after they have been printed, writes Emily Matchar for Smithsonian. The method uses, “UV light to change the pixels on an object from transparent to colored, and then a regular office projector to turn them from colored to transparent,” explains Prof. Stefanie Mueller.
Wired reporter Arielle Pardes Gear writes that CSAIL researchers have developed a new system, called ColorFab, that makes it possible to change the color of 3-D printed objects after they have been created. ColorFab allows users to change an object’s color, “by returning to the ColorFab interface, selecting the areas to recolor, and then activating those areas with UV light.”
Pamela Danziger of Forbes highlights research by Visiting Prof. Rogelio Oliva in an article about recent declines in retail staff and the resulting drop in retail sales. Retailers “could generate more sales if they staff at the correct level. Stores should staff to maximize sales and profits, not to minimize costs,” explains Oliva.
In an article for Fortune, Senior Lecturer Sharmila C. Chatterjee writes that brick-and-mortar stores can compete with online retailers by focusing on designing an attractive shopping experience for customers. “By focusing on their core competencies—one-on-one, human-to-human customer service, sensory-stimulating in-store experiences, and promise of instant gratification—traditional stores have an opportunity to excel where websites falter.”