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Digital Path to Purchase Decreases Retailers’ Reliance on Holiday Shopping

Enterra Insights

It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year. More e-commerce orders mean a big increase in transportation requirements. Footnotes. [1]

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COPAN and ToolsGroup Create an AI-Driven Supply Chain to Fight COVID-19

ToolsGroup

A joint initiative focused on guaranteeing the availability of testing swabs through machine learning-powered demand modeling and forecasting. COPAN will implement ToolsGroup’s machine learning-augmented supply chain planning software to guarantee the availability of critical products like specimen collection devices. About ToolsGroup.

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Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 83% of consumers with a household income of over $100,000 report that returns are important.

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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

Much of the world is clamoring for finished products from their usual suppliers; but dwindling cargo space, skyrocketing transportation costs, and component delays make it difficult to keep shelves stocked. Use analytics to put your available inventory to the best use.

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5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

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The 2022 Chlorine Shortage: Another Year of Poolmageddon

ToolsGroup

Image source: Cape Analytics. Labor shortages and transportation struggles as a result of the pandemic impeded production even further, resulting in a true chlorine shortage. Reports from Costco shoppers indicate that the same brand of chlorine tablets were $129.99 between 2021 and 2026.The The result? Image source: CNBC.

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The Top 15 Retail Trends for 2022

ToolsGroup

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.