article thumbnail

Megatrends Shaping Supply Chain Innovation

The Logistics & Supply Chain Management Society

Let’s look at the three megatrends shaping supply chain innovation in 2022 and beyond – resilience, through technical capability and consistency; optimisation of the omnichannel experience; and sustainability with a focus on Scope 3 emissions. Optimise the omnichannel experience. Real-time data driven decision making is critical.

article thumbnail

What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Here are some highlights from these trends in 2023 and implications on supply chain planning. in 2021 compared to the year before.

article thumbnail

Optimize Your Freight Spend Without Negotiation

Talking Logistics

We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. The Impact of Omnichannel. I asked Michael about the impact omnichannel fulfillment is having on transportation strategies. So, what can you do outside that cycle?”. Data-driven Optimization.

article thumbnail

What to Look for in Your Retail Supply Chain Planning Software

ThroughPut

This in turn has led to the emergence of omnichannel sales, which means that there are many more channels to maintain and leverage as retailers look to improve customer experience. At the same time, however, they also need to do this at the lowest possible cost so that they can conserve and grow their margins across all channels.

article thumbnail

Understanding Supply Chain Management

SupplyPike

Omnichannel retailers must discover the best way to blend the occasionally disputing demand between offline stores and online retail. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Our Retail Intelligence software allows you to view all sorts of metrics in easy to understand charts, maps, and numbers.

article thumbnail

What is Omnichannel eCommerce? Definition, Benefits & 4 Tips

Unleashed

The term omnichannel is a popular eCommerce buzzword, but what exactly is omnichannel eCommerce, and why is it important? We cover these questions and more about the eCommerce sales phenomenon that is omnichannel. What is omnichannel eCommerce? What is the aim of the omnichannel approach?