Retail success post-COVID will rely on understanding new customer mindsets, says Conversity

Manufacturing & Logistics IT

Retail technology company Conversity believes that understanding the intricacies of these new mindsets is vital if brands are to thrive in the post-pandemic world Six months after COVID-19 started making its mark across the world, lockdown restrictions and widespread working from home offices have caused many consumers to rethink their shopping habits.

Retailers must optimise their pricing strategies for affordability during the golden quarter, says Oxylabs

Manufacturing & Logistics IT

Recent figures from the CBI has revealed ‘retail sales fell at its fastest pace in four months in October’ as people reined in spending in the face of more coronavirus restrictions

Insiders

Sign Up for our Newsletter

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

Lacklustre training leaves retail staff underprepared to perform during the pandemic, research from Axonify reveals

Manufacturing & Logistics IT

A lack of training has left frontline retail associates underprepared to perform during the pandemic, research from the latest report from Axonify, a modern training and communication solution for frontline associates, has revealed

How Covid-19 Has Changed Retail

PLS Logistics

Retail has been particularly challenged by the virus as the way consumers shop, search, and spend has transformed, and organizations have fought to catch up in these uncertain […]. Blog grocery retail retail retail shipping retail supply chainIt’s no secret that COVID-19 has changed nearly every industry. From supply chains to store shelves, the way businesses manage their infrastructure, and customers, has fundamentally changed.

Retail 109

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

Retail Supply Chain Trends Driven by COVID-19

All Things Supply Chain

This shift isn’t a negative thing, either, as retail supply chains are becoming more… General coronavirus COVID19 pandemic retail retail supply chain supply chain trends trendsIt’s become evident that things won’t go back to the way they were before the pandemic.

Retail Warehouse Automation Is Finally Top-Priority

Cerasis

Omnichannel retail is the new “Gold Standard” for the industry. The post Retail Warehouse Automation Is Finally Top-Priority appeared first on Transportation Management Company | Cerasis. Technology Warehouse Retail Warehouse AutomationOn the surface, an omnichannel approach gives consumers the ability to blend their online and physical experience into one. For supply chains, the impact of omnichannel is more significant.

Retail 201

Covid-19 Retail: Cash, Product, and People

Logility

The retail industry, like many others, has been upended by Covid-19. The focus for all fashion retailers is inventory. Below we will examine inventory + a new retail outlook for 2020. This retailer stands to lose -$98M or about -20% of their total revenue for the year. In this strategy, retailers are trying to turn all inventory into cash – there is a value to every piece of merchandise. Retail Optimization Uncategorized Coronavirus

Retail 172

What Happens to Retail in Fall 2020?

Logility

As retail companies enter the traditional “back-to-school” selling season, we must acknowledge there is nothing traditional about BTS 2020. Retail experts tend to agree that foot traffic in malls will continue to be a challenge throughout Fall 2020.

Retail 130

Retail Planning – Is It Time For A Change??

Arkieva

Isn’t the goal of a successful retailer to give the customer what they want, when they want it? Quick trend changes are driven by this customer and retailers must be flexible to survive. Retail Planning – Is It Time For A Change??

Omnichannel Retail Strategy: Not just a Buzzword, But a Business Model | TALKING FREIGHT VIDEO

Cerasis

[link] An omnichannel retail strategy is the new norm in today’s supply chains. The post Omnichannel Retail Strategy: Not just a Buzzword, But a Business Model | TALKING FREIGHT VIDEO appeared first on Transportation Management Company | Cerasis. Omnichannel Retail Supply Chain Videos

Get Your Retail Fulfillment Channels Integrated

Tecsys

As we approach 2021, you’ll see more retailers not only embracing omnichannel retailing, but also… The post Get Your Retail Fulfillment Channels Integrated appeared first on Tecsys.

3 Reasons to Use a 3PL For Retail Supply Chain

PLS Logistics

With increasing competition in the retail market, it has become very challenging for retailers to efficiently manage their supply chains. Essentially, a smooth retail supply chain strategy is a fundamental part of a positive customer experience, and retail companies strive to reach the golden standard of order fulfillment and fast delivery. Blog retail retail logistics retail shipping retail supply chain supply chain supply chain management

3PL 109

Retail Transportation Excellence Masters All the Miles – First, Middle, Last

Tecsys

Your retail transportation success is going to depend on how well you were able to eliminate the silos at every mile in your supply chain. The post Retail Transportation Excellence Masters All the Miles – First, Middle, Last appeared first on Tecsys.

Retail Compliance Programs: How to Exceed Retailer Expectations

Talking Logistics

The retail industry is evolving and adapting to new consumer demands which is shifting the supply chain landscape. Retailers expect more supply chain visibility, shorter delivery times, and real-time connectivity from shippers and carriers. Compliance programs vary by retailer but the intent is consistent across the industry — have the right product in the right. Read more Retail Compliance Programs: How to Exceed Retailer Expectations.

How digitalization ensures survival in physical retail

DELMIA Quintiq

Experts say that every second physical retailer is expected to shut down within the next 15 years. It’s no surprise then that customer expectations have risen steadily, and with them, the complexity of the retail sector. Customer loyalty is the decisive factor for physical retailers. But new shopping experiences offered by online retail are increasingly challenging traditional concepts, such as those of customer and brand loyalty. Customer behavior is changing rapidly.

Retail 130

Who's Really Running Your Retail Operation?

C3 Solutions

This article is part of our Retail Program. Designed specifically to support global leaders by aiding in creating a strategic plan to help them win the retail game. E-commerce is a juggernaut powered by Amazon's dominance and it's changed just about every aspect of retail operations.

Retail 100

How to Prepare for the Future of Retail Logistics

Tecsys

Now is the time to prepare because the future of retail logistics is already here and it’s digital. The post How to Prepare for the Future of Retail Logistics appeared first on Tecsys.

Retail supply chain management and the rise of fast fashion

Kinaxis

However, when it comes to the efficiency of today’s retail supply chain management techniques, controversy is replaced by admiration as international clothiers boast operations efficient enough to accurately anticipate demand in one of the world’s most rapidly changing industries. By leveraging well-implemented bricks-and-clicks business models, these larger retailers can maximize their reach. General News Supply chain management fast fashion retail supply chain

Retail 186

Using AI & ML in Retail Supply Chain Planning

Logistics Viewpoints

Artificial Intelligence (AI) and Machine Learning (ML) are of the hot topics being discussed in the retail world. Across the globe, whether they are grocery, mass merchant, or fashion, retailers are looking for ways to make faster and smarter decisions using this technology.

Pivot from B2B to B2C with Retail-Optimized Packaging

CHAINalytics

For those of us in the industry, we knew … The post Pivot from B2B to B2C with Retail-Optimized Packaging appeared first on Chainalytics. Supply chains have been front and center since the start of COVID-19.

Impact of pandemic on retailers

IT Supply Chain

The post Impact of pandemic on retailers appeared first on IT Supply Chain. By Samuel Mueller (pictured). CEO at Scandit. Industry Talk

Fixing the Retail Supply Chain

The Network Effect

It’s common knowledge that retail is under tremendous pressure from ecommerce and changing consumer buying habits. The post Fixing the Retail Supply Chain appeared first on The Network Effect. Digital Supply Chain Retail bankruptcies digital supply chain retailBut how bad is.

Retail 100

Retailers’ Advantage Over Amazon

The Network Effect

Bowman at Supply Chain Brain has an interesting article on how retailers can take on Amazon, by using the one thing they have in their favor that Amazon lacks. That dependency might now be on the verge of eroding… —– Read the full article: How Retailers Can Meet the Challenge of Amazon. The post Retailers’ Advantage Over Amazon appeared first on The Network Effect. Retail amazon bricks and mortar retail strategy titansRobert J.

Retail 122

Are Storefront Retail Closures a Foregone Conclusion? Not Necessarily.

Tecsys

Traditional retail brick-and-mortar wasn’t exactly flourishing before the pandemic hit. In 2019, 9,300 stores shut… The post Are Storefront Retail Closures a Foregone Conclusion? Posts Retail Order Management Supply Chain COVID-19 Omnichannel Retail Supply Chain

The Retail Apocalypse Deepens

Enterra Insights

Years before the novel coronavirus pandemic shut down economies, analysts were writing about the retail apocalypse and what it would take for brick-and-mortar retailers to survive. Analysts generally cite three contributing factors for the retail apocalypse: overbuilding, too much debt, and e-commerce (aka the Amazon Effect). ”[2] The simple answer is: No retail will emerge intact. Every retailer has suffered a hit during the pandemic.

Retail 100

Shelf Level Visibility is Critical to Retail Supply Chain Excellence

Logistics Viewpoints

Retailers face some tough dilemnas. Growing reliance on direct store delivery holds fulfillment costs down, but DSD suppliers goals are not fully aligned with retailers. One thing is clear, retailers need better visibility to stock outs at the shelf level. The post Shelf Level Visibility is Critical to Retail Supply Chain Excellence appeared first on Logistics Viewpoints. RetailGrowing SKU counts drive worse on-shelf availability.

Retail 119

As Retailers Eye Final Mile Strategies, They Launch BOPIS to Neutralize Costs

Cerasis

Many retailers have implemented buy online, pick up in store (BOPIS) strategies without realizing it. The post As Retailers Eye Final Mile Strategies, They Launch BOPIS to Neutralize Costs appeared first on Transportation Management Company | Cerasis. Final Mile Omnichannel Retail final mile strategiesAlthough the name invokes the fears of coding and advanced systems, it refers to the process of buying a product online and picking it up in the store, i.e., BOPIS.

Retailers must collaborate to become future-fit

Proxima

With the upwards trajectory of demand for online shopping rising much more sharply than anticipated, retailers have felt a huge strain on their supply chains and have struggled to maneuver business operations quickly to keep up with changing consumer attitudes.

Retail Category Management

SupplyPike

How do retailers manage their categories? Walmart and other retailers spend a great deal of money on hiring category managers whose job it is to manage products and their categories. Of course, Walmart and other retailers segment their products into subcategories and finelines so as to better merchandise items. retailer and supplier). Retail category management is a continual process. Retail + Analytics categories category management four ps retail analytics

Video: How to Digitize the Retail Supply Chain

The Network Effect

Retailers today are in a poor position to compete against a vertically integrated and fully digitized online giants like Amazon. The post Video: How to Digitize the Retail Supply Chain appeared first on The Network Effect. Digital Supply Chain Retail consumer-driven digital supply chain retail

Video 138

2020 Year in Review: Retail Upended, Reset Continues

Multichannel Merchant

As 2020 comes to a close, it’s time to reflect back on a wild and crazy year in retail, to paraphrase the Festrunk brothers from Saturday Night Live. Retail store closure and bankruptcy filings, already a steady beat before the pandemic, accelerated in pace.

Worst year for retail sales, but how can tech help?

IT Supply Chain

The post Worst year for retail sales, but how can tech help? By Samuel Mueller (pictured). CEO, Scandit. appeared first on IT Supply Chain. Industry Talk

In Modern Retail Supply Chains, Visibility Matters

Loftware

What can make the retail supply chain quick and visible? Consumer Products Retail Labeling Track & Traceability Logistics

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

Many retailers consider competing against Amazon their biggest challenge. While the impact of Amazon is real, it is only a thread in the larger retail competition tapestry. Amazon offers breadth, but brick and mortars offers “now”, and a tactile consumer shopping experience is still a retailer’s greatest asset. The ability to serve this demand is foundational to the success or failure of a retailer, but the challenge doesn’t hinge on the strategy leadership sets.

Retail 166