Remove 2026 Remove Industry Remove Inventory Remove Procurement Solutions
article thumbnail

Consumers Are in Charge of the Digital Path to Purchase

Enterra Insights

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

article thumbnail

The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. Compare this to the 9% returns rate of purchases made in-store. Jorge Lopera is Vice President Latin America & Industry at FarEye.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Biggest Manufacturing Industry Trends in 2022

Unleashed

Global manufacturing trends The Covid pandemic has raged across the world over the last two years, upending the manufacturing industry. But amid crises come opportunities, and the industry has adapted faster to technologies and new ways of working as it reshapes itself for the new world. Industry 4.0 Industry 4.0

article thumbnail

The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

If there is one industry that continues to scale robustly, it is Retail. trillion by 2026, surpassing the current GDP of all European Union member states combined. JIT – Just In Time Just In Time (JIT) is a strategy that involves managing inventory to receive goods only as they are needed in the production process.

article thumbnail

Cracking the Code for AI in the DC

Logistics Viewpoints

Expectations for short delivery times, 100% fulfillment accuracy, and large product selection and availability have become a key deciding factor on which customers make their purchase decisions. The warehouse automation market is forecasted to grow at a CAGR of approximately 14% and be worth USD 30 billion by 2026.

DC 256
article thumbnail

Cloud ERP vs. On-Premise ERP

OptiProERP

Companies are not only acknowledging the advantages of effective ERP systems, they’re also increasingly adopting these solutions such that the market will be worth $60.23 billion by 2026. In on-premise software, everything from implementation to use happens internally. It allows companies to access the software via the internet.

article thumbnail

A 2024 Outlook into the Future of Retail Promotions

Cognira

AI isn’t just a tool; it’s becoming the cornerstone of the future of retail promotions, driving efficiency and precise decision-making. Retailers prioritize local e-commerce, waste reduction, and inventory optimization, leveraging AI and IoT to reduce their carbon footprint.