With 59% of the world having access to the internet, online shopping is often the more convenient option and it's expected that by 2040 more than 95% of all purchases will be conducted via e-commerce. ...
This article will help you understand the differences between demand planning and forecasting and explore their respective approaches and benefits....
Retailers are investing in the latest analytics technology such as machine learning in supply chain to help manage an increasingly costly, complicated, and inefficient system....
Consumer demand is shifting in 2023, impacted by a myriad of forces (including trends, technology, the economy, and even politics)....
Leading retailers are experiencing and engaging with an influx of AI in the retail market for some time now as it influences consumer shopping experiences and shapes retail operations....
When deciding on a shipping method for the distribution of orders, retailers must weigh the pros and cons of a drop-ship vs. a direct-ship model. With 42% of shoppers expecting a 2-day shipping option, the pressure is on for retailers to deliver the goods in record time. ...
A recent survey by Gartner, indicated that less than half (43%) of business leaders achieve their cost-reduction goals because of unrealistic targets. With labor costs, supply chain costs, and inflation rising, leading retailers, like you, are racing to save on operational expenditures to shore up their bottom line. ...
When the economy is in a downturn, retailing opportunities may not be obvious, but they are there. By adopting a different vantage point and digging a little deeper into areas of your business that may not appear fruitful, you’re sure to create new opportunities....
Yes, the holiday shopping season is short–and apparently getting shorter. The average holiday shopping duration among consumers in the US has gone from an average of 7.1 weeks in 2018 to an anticipated 5.8 weeks in 2022 according to Statistica. ...
The pressure is on. Only two minutes left in the last quarter of the championship basketball game, and your team is down by three points to take the win. ...