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Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

The overarching theme was the translation of technological advancements into actionable results. President and CEO John Furner, Ulta Beauty CEO Dave Kimbell, and Salesforce Chair and CEO Marc Benioff shared strategies focused on AI-driven technologies to enhance operational efficiency and elevate customer experiences.

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Outside-in planning: a big elephant that needs a bite-size approach

Supply Chain Trend

I explained what type of changes were required in our operating model, including technology, without success. An operating model is not limited to organizational design, roles & responsibilities, KPIs, incentives, culture (mindset & behaviours), processes, technology, the list goes on. A couple of years???

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Building Resilient Supply Chains is Hard — but Essential

Enterra Insights

Merilee Kern , Chief Strategy Officer and Chief Publicity Officer at Ascendant Group Executive Branding, suggests leveraging digital twin technology can help make supply chains more resilient. This simulation provides an additional level of visibility that would otherwise be impossible without leveraging technology.”[6]

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2021 Manufacturing Trends: Connecting Workers Will Be Key

IQMS

Whether assisting workers on the shop floor or helping back-office employees to continue their jobs remotely, smart manufacturing technologies have been central to enabling business continuity in the wake of the coronavirus pandemic. 2021 manufacturing trends will be driven by the lessons learned in 2020. Bridging the Skills Gap.

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A 2024 Outlook into the Future of Retail Promotions

Cognira

A 2024 Outlook into the Future of Retail Promotions February 12, 2024 Promotions Home As we step into 2024, the retail landscape is undergoing significant transformations, with technology, data, and customer expectations playing pivotal roles. Tech-driven solutions combat food waste, employing intelligent inventory systems and data analytics.

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Retail Apocalypse Predicted to Continue

Enterra Insights

Howland reports, “[UBS] analysts’ best case estimate is for 75,000 stores to collectively shutter by 2026, if e-commerce penetration rises from today’s 16% to 25%.” We need to bring digital technology into the store to truly transform the customer’s experience.”

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The Growing Reliance on Traceability in Manufacturing Supply Chains

IQMS

Acumen Research & Consulting, an advisory firm specializing in industry and vertical market research, predicts global demand for manufacturing traceability, including track and trace software , will soar through 2026. Acumen is forecasting spending on track and trace systems will reach $7.2B