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The Backorder, March 27 2024

Unleashed

million new jobs last year, while the use of AI in restaurants shot up by 31.61% according to data from the 2024 StartUs Food & Beverage Report. Over 1/3 of manufacturers struggling with data. A recent Hexagon report found that although manufacturers are increasingly data-focused, many are facing challenges with decision-making.

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7 Top Supply Chain Trends to Know for 2023

ModusLink Corporation

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Cybersecurity Risk Management Will Grow More Important in Omnichannel E-Commerce.

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What You Need To Know About The State Of The Retail Worker Shortage

ToolsGroup

Source: Bloomberg.com. Leaked internal research reveals Amazon is at risk to run out of workers for its US warehouses by 2024. The demand for retail workers to fill positions in stores, warehouses, and the manufacturing plants of vertically integrated retailers is not decreasing anytime soon. The UK hit a record high of 1.3

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Key Trends and Themes for Supply Chain and Logistics in 2024

SCMDOJO

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Let’s see the most common trends in 2024. And we know that numbers don’t lie. Ignoring industry trends poses the risk of being left behind by more agile competitors.

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The Internet of Things and the Retail Industry

C3 Solutions

The value of the IoT market in retail is predicted to jump from US$10 billion in 2017 to around $35 billion by 2024. In the high-speed e-commerce and omnichannel retail, this also means there is less chance of losing customers to the competition because of out-of-stock situations. The average price of sensors has fallen from US$1.30

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Seasonal Inventory and 7 Ways to Manage It Effectively

ToolsGroup

Say you’re a manufacturer , refining your production and capacity planning. If you’re a manufacturer , have you produced enough? More on the omnichannel advantage of this in a moment. ) Spruce Up Your Omnichannel Strategy. Or perhaps, it’s early summer and the local hardware store just got a new shipment of lawn mowers.

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How to Make Your Brand Directly Available to Consumers

Vinculum

As per the e-market report, digital sales around 6 trillion dollars USD by 2024. The manufacturer is more inclined to support a direct-to-consumer business model to gain momentum from the market. In the conventional method, the product is handed over to wholesalers from the manufacturer to land it to the retailer.