HP is reinventing the retail space with its new HP elitePOS product. HP's General Manager and Vice President of Retail Aaron Weiss explains how this technology can transform the retail industry.
"Digital is not new but it is accelerating," says Weiss. "The expectations of consumers as shoppers is changing." Now, consumers are expecting a lot more from their brick-and-mortar experience explains Weiss.
HP is featuring its elitePOS at the 2018 National Retail Federation conference. Weiss says this is a complete rethinking of a traditional point-of-sale device. "Security is critical to our retailers, and is going to grow in importance," says Weiss.
The global semiconductor shortage is actively hurting numerous industries, with the auto industry itself on pace to lose $210 billion by the end of the year. Brad Wimmer, EVP at Auto Lenders, joined Cheddar to discuss a White House meeting surrounding chip shortages and how industries can find a way to move forward. He noted that the end of the shortage is unlikely if the U.S. continues to depend on outside manufacturers. "We need consistent momentum and clarity, and we do not have that right now," Wimmer said. "So, I think this is going to continue into 2023."
