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Despite a challenging year for retail in 2020, according to eMarketer global retail sales growth will continue to rise and take up more retail market share. Online retail sales will reach $6.17 trillion by 2023, with ecommerce websites taking up 22.3% of total retail sales. . In addition to this, according to McKinsey , one out of four consumers say they are planning to focus more on environmental issues and will pay more attention to social aspects in their shopping behavior. . 83% of consumers
Toy companies are always looking for the next big thing. And for Mattel, that next big thing might be Space X. Mattel inked a multiyear deal with Elon Musk’s SpaceX to create a line of toys inspired by the space venture, the companies announced Wednesday. “As space exploration advances more quickly than ever before, we are thrilled to work with SpaceX and help spark limitless play patterns for the space explorer in every kid,” said Nick Karamanos, Mattel’s senior vice president of entertainment
It’s the last Friday in July and I’ve yet to go to the beach. Well, I did visit a beach in Iceland, but the water was way too cold for my Cuban blood (and probably Icelandic blood too), and there were signs everywhere warning about “sneaker waves” that can pull you out to sea. This. Read more Above the Fold: Supply Chain Logistics News (July 29, 2022).
How to properly optimize your logistics network with network design. The Challenge. Modern business means fast distribution. Amazon is not the only company driven to one- and two-day delivery; all industries are headed to shorter service windows. This means more distribution points, closer to your customers. Now, supply chain leaders are caught between a cost versus service crunch.
Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Like safety stock calculations , EOQ is one of the most important equations in supply chain planning.
By Sam Linford (pictured). AVP EMEA Channels at Deep Instinct. The post US federal court system still suffering from prolonged impacts caused by a cyberattack appeared first on IT Supply Chain.
By Sam Linford (pictured). AVP EMEA Channels at Deep Instinct. The post US federal court system still suffering from prolonged impacts caused by a cyberattack appeared first on IT Supply Chain.
Grain exports from Ukraine may resume ‘within days’ Ukraine has announced that the first set of vessels loaded with grain could be leaving the Black Sea ports in a matter…
By Shellie Vornhagen (pictured). Chief Experience Officer at Emplifi. The post Customer Service complaints at an all time high & not much better on social appeared first on IT Supply Chain.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
The summer of 2022 will be remembered for many things, from soaring temperatures to an unforgettable Women’s Euro championship. However, for supply chain professionals, it will also be remembered as a summer of environmental, social and governance (ESG) legislation. Legislation coming into play. Last year, Germany passed its Act on Corporate Due Diligence Obligations in Supply Chains.
The pandemic was only a warm-up — climate change is disrupting the global supply chain. Executive Summary The recent record-setting heat across Europe sent shockwaves throughout the world, as persistent extreme temperatures pushed people and emergency systems up to (and beyond) their breaking points. With wildfires breaking out in areas that have never seen them before, a sense of urgency hangs in the air as thickly as the smell of smoke.
By Shellie Vornhagen (pictured). Chief Experience Officer at Emplifi. The post Customer Service complaints at an all time high appeared first on IT Supply Chain.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Smart Software, a leader in enterprise demand forecasting, and inventory optimization solutions announces the release of Smart Inventory Planning and Optimization for Prophet 21 (P21). The post Smart Software Launches Smart Inventory Optimization and Demand Planning for Prophet 21 appeared first on Smart Software.
We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. In our latest installment of our new Women in Procurement series, we spoke to two recent recruits, Consultant Allison Magoc and Analyst Madeline Van Noorden about how Proxima has supported their careers in the industry.
Crisp Product Manager Jordon White shares a roundup of this month’s updates to the Crisp data platform. Here at Crisp, we believe that sustainability and good business go hand in hand. That’s why we’ve built a new Retailer Waste dashboard that helps brands reduce food waste and save on costs — along with other business-critical data for Shopify, Amazon, and more.
A guest blog by Troy Adams, Vice President of Real Estate at NFI Supply chain volatility has changed how companies store and distribute goods. As a result, the industrial real estate sector has thrived as organizations pursue diversification for fulfillment processes, and manufacturers move their operations onshore. Consequently, new challenges are emerging, particularly concerning transporting… Continue reading Industrial Real Estate Market Changes and Challenges | Q3 2022.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. In our latest installment of our new Women in Procurement series, we spoke to two recent recruits, Consultant Allison Magoc and Analyst Madeline Van Noorden about how Proxima has supported their careers in the industry.
Aaron Schwartz and Joe Lynch discuss ecommerce’s dirty little secret. Aaron is the President of Loop , a post-purchase platform that enables brands to transform returns into exchanges. About Aaron Schwartz. Aaron Schwartz is the President of Loop with an extensive history working, advising, and investing in startups. With 10+ years in modern Commerce, Aaron’s focus tends to be on all things go to market, fundraising, strategy, and helping founders navigate emotionally through the early sta
This case study was written by the Demand Driven Institute. Most often, inventory management methods are dictated by the principles of the IT system a company uses. Typically, this is the MRP, which became widespread in the 1980s. Most MRPs today are outdated, as they have not changed much since their inception. Since 2012, the. Read more. Source.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Insights on Universal Postal Union’s Developments For Postal Services! UPU has developed a mobile app to facilitate efficient and affordable data exchange. As return rates have increased by 70-80%, parcel lockers are the future for sustainable deliveries. 90% of data breaches for posts during Q1 2022 were cyber-attack related; learn about the frameworks drafted […].
In a rare, but welcome, act of bipartisanship, the Senate and House of Representatives have passed a bill called the CHIPS and Science Act of 2022. The so-called CHIPS bill passed the Senate with a 64 to 33 majority, with 17 Republicans voting in favor, and passed the House with a 243-187 vote, with 24 Republicans voting for the legislation. The President is expected to sign the bill into law today.
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