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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

However, it’s only early February 2024, and we already have several major disruptions impacting supply chains. As Alan Amling at the University of Tennessee put it, “2024 is riddled with uncertainty.” Fewer organizations achieved their business goals in 2023 than in any recent year, aside from 2020.

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Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. The overarching theme was the translation of technological advancements into actionable results.

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Peril of EV Start-Ups: Fisker’s Investor Warning

Supply Chain Matters

In 2020, Fisker went public as an asset-light company under a special-purpose acquisition company (SPAC). Reportedly, only 4,900 vehicles have been delivered to customers, the remaining in finished vehicle inventory and valued at half a billion dollars in tied-up capital. All rights reserved.

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Retail Returns: The Key to Driving Business Growth

ToolsGroup

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Department of Commerce International Trade Commission , the percentage of retail sales sourced from ecommerce is predicted to increase into 2024–well beyond the lockdowns that caused the initial rise in ecommerce spend.

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. percent in 2024. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2

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

ToolsGroup

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Source: Bloomberg.com. below its February 2020 rate, despite enticements like improved workplace flexibility, benefits, and wages.

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The Top 15 Retail Trends for 2022

ToolsGroup

When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. Data source: eMarketer. Image source: Bring Me the News. eCommerce Purchases and “The New Normal” Retail Categories. Trust Google to have the answer.