article thumbnail

Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

However, this time, the spotlight shifted from the promise of these innovations to their real-world applications on the sales floor. However, the jury is still out on evaluating the trustworthiness and practical applicability of these innovative solutions.

article thumbnail

The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

As online shopping continues to grow – retail e-commerce sales are expected to make up nearly a quarter of total retail sales worldwide by 2026 – returns will become more prevalent. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. In the U.S,

Insiders

Sign Up for our Newsletter

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

article thumbnail

Want the Best Supply Chain Talent? Offer the Best Technology 

Logility

for corporate and technology jobs In Germany, 780,000 additional technology specialists are needed by 2026 to meet the estimated demand Globally, more than three million cybersecurity positions were open as of 2020. And with improved forecast accuracy comes reductions in inventories, lost sales, expediting costs and obsolescence costs. .”

article thumbnail

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

The Logistics & Supply Chain Management Society

billion USD by 2026. Furthermore, using qualitative and quantitative forecasting to manage product inventory and distribution enables the wider operations of the business and results in improved customer experience. Investing in data analytics along with innovations in big data will have a significant impact on the business.

article thumbnail

A 2024 Outlook into the Future of Retail Promotions

Cognira

The future of retail promotions is being shaped by innovative advancements, particularly in the field of artificial intelligence (AI). In this blog, we’ll explore the outlook for retail promotion management innovations, shedding light on the key trends that will redefine the retail promotion landscape this year.

article thumbnail

Running Seamless 3PL Operations in the Midst of Supply Chain Chaos

Turvo

trillion by 2026 due to the COVID-19 epidemic. Collaborative Transport Management Systems (CTMS), Warehouse Management Systems, freight monitoring, and customer service will help eliminate operational inefficiencies and delays and enhance ROI with the more innovative, reliable 3PL offering.

3PL 87
article thumbnail

Trends That Will Transform Manufacturing in 2023 & Beyond

RFgen

As a result, new strategies have emerged to solve old and new challenges, from labor shortages to inventory supply. Our research found similar results: 58% of Digital Inventory Report respondents plan to invest substantially in new inventory technologies. billion by 2026. Integration remains a challenge, however.