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Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

AI’s influence continues to grow, and consumers are now demanding sustainable actions. In short, the dynamic landscape of AI in retail is not merely about hype but about real-world applications, sustainable actions, and strategic adoptions.

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Trends Transforming Logistics and Supply Chains In the MENA Region in 2023

The Logistics & Supply Chain Management Society

Companies with resilient supply chains had a sustainable advantage during the unprecedented logistical turbulence that emerged during the pandemic. billion USD by 2026. Demand Sensing for Accurate Planning and Forecasting. Sustainability and Decarbonisation Practises in Logistics. billion by 2025.

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Key Tools and Technologies to Build the Warehouse of the Future

DELMIA Quintiq

This makes warehouse digital transformation a reality in order to sustain business and thrive amidst increasing competition and market pressures. billion by 2026. As a result, the demand for forecasting and accurate decision-making is on the rise. billion in 2020 and is projected to reach USD $14.18

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A 2024 Outlook into the Future of Retail Promotions

Cognira

The Drivers of Green Retailing and Sustainability in 2024 Retailers are reshaping their promotional strategies, placing a distinct emphasis on green retailing fueled by advancements in AI and IoT technologies. This year marks a turning point where sustainability takes a prominent role in the C-suite.

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Building Resilient Supply Chains is Hard — but Essential

Enterra Insights

.” Other actions to increase resiliency recommended by BCG analysts include: Conducting a comprehensive risk assessment and monitoring of suppliers’ financial, strategic and technological risks; incentivizing supplier performance; evaluating partnership opportunities to reduce risk; and driving supplier sustainability.[7]

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Retail Apocalypse Predicted to Continue

Enterra Insights

That easing was helped along by topline improvements last year, and those would have to be sustained to stave off further closures, UBS said.” 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%.”

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

IBP fully integrates strategy with rolling forecasts , with a process for enterprise resource reallocation and with a corporate communication plan (Van Hove, 2016). It doesn’t take imagination to monetize these plans to assess their impact on P&L, to create an automated rolling forecast and to calculate variance from budget.