95% of FMCG retailers say inventory optimisation is top priority for 2021

Manufacturing & Logistics IT

Symphony RetailAI, the provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, has announced findings from its Category Planning & Assortment Optimisation Executive Survey, conducted in partnership with Incisiv.

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.

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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

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

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.

Retailers Embrace Gig Economy Fulfillment

Logistics Viewpoints

The gig economy and its on-demand armies of drivers have moved people and food for years, but many retailers still hesitate to tap into Uber, Postmates and other companies to quickly move orders from stores to local customers’ doorsteps. Gig economy fulfillment setting retailers apart.

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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.

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Cognitive Technologies in the Retail Space

Enterra Insights

Although every economic sector undergoes constant change, the retail sector has probably seen more changes in a shorter period of time than most other sectors. As explained below, cognitive computing can do much more for retailers than simply monitor social media.

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The Retail Supply Chain Revolution

Logistics Viewpoints

There is a revolution in retail supply chains. The post The Retail Supply Chain Revolution appeared first on Logistics Viewpoints. Retail Amazon retail supply chainThe rapid growth in ecommerce is driving technological innovation and experimentation at an uprecedented rate.

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Retail Warehouse Automation Is Finally Top-Priority

GlobalTranz

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.

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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.

May retail sales supportive of freight flows

The Supply Chain Journal

Retail sales in May fell 1.3% It’s important to note that the headline decline masked what was the second-highest month on record for core retail sales. However, demand for retail products remains at record levels. The NRF recently raised its forecast for retail spending in 2021.

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.

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

GlobalTranz

[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.

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 139

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??

The retail foot traffic recovery story — Great Quarter, Guys

The Supply Chain Journal

How are retailers readjusting to having foot traffic coming into stores? s Ethan Chernofsky to discuss how retailers are reporting the uptick in shoppers. Chernofsky is the vice president of marketing for Placer, and the company houses one of the top databases for retail foot traffic.

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.

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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.

Trends 2021: Retail

Enterra Insights

Everyone knows the retail sector has experienced some tough going over the past couple of years. According to Susan Reda ( @Susan_Reda ), Vice President for Education Strategy at the National Retail Federation, “The U.S. can expect the long tail impact of the COVID-19 pandemic to be felt in the retail industry for months to come.”[1] Retail trends in 2021. ” Andrew Cox ( @andrewcox40 ), a Senior Retail and Market Analyst, agrees with Reda.

Trends 100

The Pandemic will End; But Will the Retail Apocalypse?

Enterra Insights

The light shining in many a retailer’s eye is a reflection of hope that the pandemic is beginning to wind down. 22, Coresight said, retailers in the U.S. Analysts from EY note, “This is a pivotal moment for the retail industry.

Retail 130

The New Normal: Predictions for Retail in 2021

ToolsGroup

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace.

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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. retailer and supplier). Retail category management is a continual process.

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

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Ways to Use RFID in Retail!

Supply Chain Game Changer

Complexity in the Retail Supply Chain! One industry that can significantly benefit from RFID technology is retail. One of the most popular reasons for retail stores or malls to implement RFID technology is for people counting. The post Ways to Use RFID in Retail!

Retail Store Location Planning ? Creating Balance, Driving Profit

Logility

The fundamental challenge in retail is one of balance. The sheer complexity of modern omni-channel retailing makes this difficult. Given how critical this balance is, I am amazed when I hear many retailers rely on a combination of spreadsheets and assumptions to drive the plan.

Retail 130

How to Use Data to Fuel Your Retail Reverse Logistics Strategy

GlobalTranz

How often do you think about your retail reverse logistics strategy? It’s easy to assume retail reverse logistics is solely based on returns. While this is partially true, all retail reverse logistics involve a backward flow of products that return to their origin.

Editor’s Choice: Retailers Vaccinate Supply Chains Against Coronavirus

Logistics Viewpoints

The post Editor’s Choice: Retailers Vaccinate Supply Chains Against Coronavirus appeared first on Logistics Viewpoints. Global Trade Retail coronavirus

Retail 131

Understanding Retail Supply Chain Management – Moving To The Next Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

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.

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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.

Understanding and Preventing Retail Cyber Attacks!

Supply Chain Game Changer

Retail cyber attacks article and permission to publish here provided by Susan Melony. These measures are absolutely critical in all walks of life, including in the retail sector. This guide will look at some examples of cyber security threats in retail, as well as how to prevent them.

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.

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

GlobalTranz

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.