Netflix Introduces Netflix.shop, Do You Care?
First, DHL Express is getting into music with FAST-TRACK. Now, Netflix is selling hoodies and other goodies.
Although they hold no plans to bust into brick & mortar, Netflix has made their way into eCommerce, launching Netflix.shop. Of course, the company already sells licensed products based on original programming through Walmart, Target, Amazon, H&M and others.
And, of course, there’s unlicenced merchandise rampantly available. But Netflix is known for its strategic agility. So, what’s the deal?
In his post announcing the launch of the shop, Josh Simon, Netflix’s VP of consumer products, says the shop will “drop exclusive limited editions of carefully selected high-quality apparel and lifestyle products tied to our shows and brand on a regular basis”.
Simon also spills that among the items to debut this month are streetwear and action figures based on anime series Yasuke and Eden, as well as limited-edition apparel and decorative items inspired by Lupin in collaboration with the Musée du Louvre.
Netflix.shop is also introducing a collection of anime-inspired collectables from up-and-coming designers: Nathalie Nguyen, Kristopher Kites and Jordan Bentley”.
And coming soon to a couch near you, the Netflix shop will carry exclusive merch based on two original series with a massive fandom, “The Witcher” and “Stranger Things,” live events and a clothing line inspired by “Bridgerton” are also in the works along with events and events and consumer products tied to new seasons of “La Casa de Papel.”
According to Simon, the store will also carry Netflix logo-wear from Japanese fashion house BEAMS.
I have to assume I’m not the only one who has yet to find a reason to care. $82US anime hoodies and $135 just aren’t my thing. But the move is an interesting one by Netflix who has been looking to become the next Disney before Disney becomes the new Netflix.
But to really hawk wares in the style of Disney requires culturally relevant programs that make people care. Unfortunately for Netflix, the very trend of binge-watching shows that makes them so popular doesn’t go far in getting consumers to loosen up the purse strings.
Netflix needs their own “Star Wars,” and then maybe I, and you, will care. But Netflix is a smart company and it's been reported they're in the process of hiring heads of consumer products, podcasts, and video games.
Developed with Shopify, Netflix.shop currently only ships within the United States but plans to expand to other countries withing coming months.
JAGGAER: Advancing Procurement Technology in Healthcare
JAGGAER has revealed the latest technological advancements in its cutting-edge, ground-breaking system at this years Arab Health, hosted by Informa Markets, as the industry-leading all-in-one procurement platform provider continues to provide support for the global healthcare industry as it struggles to recover from a year and a half tainted by the novel Coronavirus, and the ongoing pressure that it is putting on hospitals and pharmaceuticals.
With new technology and innovation taking centre stage this year’s edition of Arab Health, JAGGAER announced the launch of its new ‘Digital Mind’ strategy. The strategy features a core set of advanced strategies, including embedded intelligence, predictive data analytics, and real-time user guidance that can all be used to support healthcare procurement teams with the necessary and oftentimes difficult strategic decision-making involved in the acquisition process. It’s set to better efficiency across the sector, reduce risk, and better customer service capabilities.
The Exponential Growth of IoMT
This development comes at a time when the Internet of Things (IoT) has started to infiltrate all industries in an elaborate way. In a report published by Deloitte, it has been suggested that the global market for the Internet of Medical Things (IoMT) is projected to exceed US$158bn by 2022, with the IoMT market specifically in the MENA region, expected to hit US$9bn.
Hany Mosbeh, Vice President of Sales Middle East & Africa, JAGGAER, said: ‘The healthcare sector is increasingly adopting disruptive technologies into the IoMT ecosystem including artificial intelligence (AI), augmented and virtual reality (AR/VR), and robotic process automation (RPA). From a procurement perspective, these technologies are also being utilised in our systems, having far-reaching benefits for the healthcare industry.’
JAGGAER’s Digital Mind
The new Digital Mind strategy incorporates JAGGAER Adopt, Assist and Advise. The latter of which enables users to be more proactive in recognising potential areas of improvement and mitigating challenging situations such as supplier risk. By leveraging a combination of advanced predictive analytics, machine learning, and customer-specific business rules, JAGGAER Advise empowers procurement professionals to identify steps that could improve performance or results and take corrective action on behalf of users.
The software also provides its users with data-driven actionable insights and recommends the next steps to mitigate the risk of supply disruptions, supplier qualification, performance issues, and underperforming sourcing events.
Speaking at one of the sessions during the event, Microsoft Research’s Chief Medical Scientist, Dr Junaid Bajwa, outlined the role of data in the healthcare sector, he said: ‘Today’s story is one of automation of processes, aggregation of data, moving to intelligent analysis and AI, and then repeating that cycle. If we get this right, it has the potential to reduce costs and support clinicians by unmasking occult disease types, generalising new associations and perhaps even generating new novel hypotheses and new mechanisms.’
Right now, JAGGAER supports over 120 healthcare organisations globally. They do so by modernising and transforming their procurement capabilities through digitalisation─an action that is propelling the industry forward at pace. To name just a small number of companies that JAGGAER services: Dubai Health Authority, Uniting Care, NHS England, HCA Healthcare, and Bright Horizons.
‘During Arab Health, we heard from a range of experts who highlighted the challenges directly linked to COVID-19, from developing enough vaccines to combat the infection to the flow of raw materials to make the vaccines. In an era of technological advancements in the healthcare industry that are saving lives, it is also important to utilise this technology from a business perspective so that we can identify future risk and improve performance’, Mosbeh added.