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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.

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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. In the U.S, 21% of online orders were returned in 2021, up from 9% in 2019. In the U.S,

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Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.

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Key Trends and Themes for Supply Chain and Logistics in 2024

SCMDOJO

As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. That enables them to optimize inventory levels, reduce costs, and deliver products to customers with lightning speed. billion by 2026. And considering Amazon’s success, it’s safe to say the model works.

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Omnichannel Retailing: The Future of Brand Engagement

Vinculum

trillion by 2026. Amidst such growth, omnichannel retailing is no longer an option but a necessity for brands striving for prominence and consumer loyalty. Decoding Omnichannel Retailing In a nutshell, omnichannel retailing is about ensuring a seamless and consistent brand experience across multiple touchpoints.

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eCommerce Business Explained: How To Sell Products Online

Unleashed

This modern business model functions as the online solution to making retail, manufacturing, wholesale, and service-based sales. And it’s making strides: experts estimate that global eCommerce sales will reach $8 trillion (USD) by 2026. Services: Professional services that may be purchased over the internet.