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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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Building Resilient Supply Chains is Hard — but Essential

Enterra Insights

Prior to the pandemic, efficiency was the primary focus of most supply chain operations. I’m not implying that efficiency no longer matters — it obviously does — but a disrupted supply chain can’t be efficient. Severe disruptions during the pandemic changed that focus to resiliency. Here’s the rub.

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Locus for Retail: Understand Your Customers Better with Smart Analytics

Locus

trillion in 2024, with projections reaching $32 trillion by 2026. Yet, without offering actionable insights for logistics managers, these tools fall short. Beyond Data Collection: The Critical Need for Insights Process/department like supply chain, finance, marketing, etc, all require data to make decisions.

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

Supply Chain Trend

It is not new in supply chain management either. Lee’s uncertainty framework (2002) shows how segment your supply chain in demand streams and how to define your supply chain response to that. I explained what type of changes were required in our operating model, including technology, without success.

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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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The Growing Reliance on Traceability in Manufacturing Supply Chains

IQMS

Manufacturers are racing to digitally transform their supply chains to gain needed insights to reduce risks to their employees, customers, partners, and the business itself. Acumen is forecasting spending on track and trace systems will reach $7.2B by 2026, achieving an 18% Compound Annual Growth Rate (CAGR).

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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

A recent survey forecasts that retail sales will soar to $32.76 trillion by 2026, surpassing the current GDP of all European Union member states combined. This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction.