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This Week in Logistics News (October 1 – 7)

Logistics Viewpoints

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

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Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The supply chain career is new. They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Reflection.

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NRF 2022: 4 Big Session Themes from Retail’s Big Show

ToolsGroup

In a bold move which bore resemblance to the fighting spirit of the retail industry as a whole these past two years, the National Retail Federation (NRF) Big Show 2022 went ahead as planned in New York City despite rising COVID cases and reduced attendance. Resilience and Adaptation to Outsmart Supply Chain Challenges.

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Infor’s Strategy for Differentiation

Logistics Viewpoints

Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. They can help prepare their customers for innovation coming down the pipe.

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Trends 2022: Grocery

Enterra Insights

Grocery industry journalist Sam Silverstein ( @SilversteinSam ) reports, “Shoppers expect to spend an average of $611 per month on groceries [in 2022], an increase of about $79, or nearly 15%, over their projected food budgets for 2021, according to a consumer survey conducted by accounting firm KPMG.”[3] New Store Models.

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Innovation and the Inflation Reduction Act

Enterra Insights

When the Digital Age was born in Silicon Valley, it sparked half-century of innovation — creating millions of products, services, and jobs that had not previously existed. Passage of the Inflation Reduction Act may spark another half-century of innovation in the field of climate change. ‘Goodbye Washington, for that matter.’

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The Importance of Transparency in Supply Chains

Enterra Insights

Jennifer Furey and Rebecca Harris, attorneys at Goulston & Storrs, report, “Millennials are expected to inherit approximately $30 trillion in assets over the next 30 to 40 years. In retail, buyers want to understand where the products they are purchasing are coming from and how they were created.” traceability; and.