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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.

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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

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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

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Critical Challenges in Fresh Grocery and Supermarket Supply Chains

Grocery supply chains must have end-to-end visibility to meet demands for fresh products. This report explains the challenges facing supermarket supply chains, visibility’s role in keeping shelves stocked, and current solutions for retailers to consider.

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Trends 2023: Retail

Enterra Insights

This is the conundrum faced by retailers as they enter the new year. Inflation, recession, and changing consumer behavior aren’t the only business environment changes confronting retailers. So what trends are going to impact the retail sector this coming year? Deep Retail.

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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. Retail Returns Statistics Demonstrating the Path to Business Growth. It’s true that returns cost retailers money.

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Trends 2022: Retail

Enterra Insights

These were supposed to be dire days for retail. The so-called retail apocalypse witnessed a record number of store closings over the past few years and the pandemic exacerbated the situation. Not surprisingly, both retailers and consumers adapted to these new realities.

Trends 130
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Artificial Intelligence in the Retail Sector

Enterra Insights

Inflation is starting to impact the retail sector in significant ways. Some experts believe artificial intelligence (AI) capabilities will help retailers find their way through these volatile times. AI is going to pervade almost every aspect of retail, big and small.”

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Has There Been a Retail Revolution?

Enterra Insights

Two years before the COVID-19 pandemic jolted the retail landscape, Jeff Schmitz ( @JeffreySchmitz4 ). Chief Marketing Officer Zebra Technologies, insisted the retail sector was in the midst of a revolution. It’s undeniable that we’re in the midst of a retail revolution.”[1]

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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.

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Consumers and Retailers Have Embraced Omnichannel Operations

Enterra Insights

And — in what could be boon or bane for manufacturers and retailers — today’s consumers are quite willing to abandon their once-preferred brands in favor of new ones that offer value or novelty.”[1] In some ways, the grocery retailers share much in common with other retailers.

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Weather Permitting: How to Use Weather Data in Retail Forecasting

ToolsGroup

Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. How Weather Influences Retail Demand.

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Opportunistic Retail & Micro-fulfilment

IT Supply Chain

The post Opportunistic Retail & Micro-fulfilment appeared first on IT Supply Chain. By James Hyde (pictured). Chief Product Officer & Founder, James and James Fulfilment. Industry Talk

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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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Market Insights Report: Top Trends for 2022 Planning and Beyond

The freight report you need for insights into where the industry is headed and how to stay resilient in 2022.

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Retail After Covid, Part 1: Retail Is Recovering

Enterra Insights

While it is too soon to declare victory over the Covid-19 pandemic, brick-and-mortar retail is seeing signs of renewed vigor. ” To take advantage of shoppers returning to stores, retailers need to do more than simply open their doors. Brick-and-Mortar Retail is Recovering.

Retail 130
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The Top 15 Omnichannel Retail Trends to Watch in 2022

ToolsGroup

In a world where customer expectations are higher (some food delivery services actually put the groceries right into your fridge), and where customers select retailers based on products being in stock and reliability of delivery, optimizing the customer experience is a must to stay on top. .

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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail?

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Retail Sales in an Omnichannel World

Enterra Insights

Ready or not, retailers were shoved into the omnichannel world thanks to pandemic lockdowns beginning early in 2020. This created a new retail landscape — on both the consumer and supplier side. This is what physical retailers need to worry about most.”[3].

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Emerging Trends That Will Move Commerce in 2022

Experts predict emerging trends in Supply Chain, eCommerce, and Customer Experience that will determine winners in commerce in 2022.

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The Changing Face of Retail

Enterra Insights

And the retail sector has certainly been changing, transforming, and evolving over the past few years. Most retailers now understand the importance of have a strong omnichannel strategy. 5] Tripathy suggests retailers reexamine and be open to new ideas in five areas.

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ONS Retail Figures: Retailers must continue to focus on innovation

IT Supply Chain

The post ONS Retail Figures: Retailers must continue to focus on innovation appeared first on IT Supply Chain. By Alexia Pedersen (pictured). VP of EMEA, O’Reilly. Industry Talk

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Artificial Intelligence is Going Mainstream in the Retail Sector

Enterra Insights

In the years leading up to the Covid-19 pandemic, the most discussed topic in the retail sector was the Retail Apocalypse. A combination of the rise of e-commerce, overbuilding of stores, and too much debt-load resulted in thousands of physical retail locations going out of business.

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Is the Retail Sector Poised for a Great Reset?

Enterra Insights

Just when brick-and-mortar retailers thought the so-called “retail apocalypse” was ending, supply chain woes and rising inflation reined in their optimism. ”[2] In other words, physical retailers can’t return to business as usual.

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How to Evolve Your Supply Chain with SAP IBP

While supply chain organizations strive to adapt to new modalities, tools like SAP IBP are helping leading businesses realize next-generation capabilities.

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Is the Retail Sector Poised for a Great Reset?

Enterra Insights

Just when brick-and-mortar retailers thought the so-called “retail apocalypse” was ending, supply chain woes and rising inflation reined in their optimism. ”[2] In other words, physical retailers can’t return to business as usual.

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Christmas is Coming. Is the Goose Getting Fat for Retailers?

Enterra Insights

With just over four score days to go before Christmas, retailers, marketers, supply chain professionals, and consumers are all wondering how this holiday season is going to unfold. As a result, some retailers faced a glut of inventory. Actual retail sales came in much higher.

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What You Need To Know About The State Of The Retail Worker Shortage

ToolsGroup

Retail workers are at the heart of the economy, making the continued retail labor shortage a top challenge for retailers–one that appears here to stay. Get the real story on today’s retail worker shortage, as we break down: Retail Labor Shortage Statistics.

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ToolsGroup Acquires Mi9 Retail’s Demand Management Business

ToolsGroup

Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. Combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition.

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ToolsGroup® Announces JustEnough® Real-Time Retail, the Only Retail Planning and Execution Solution That Responds to Shopping Behavior in the Moment

ToolsGroup

Over the past 24 months, many retailers were caught between the dual forces of fast changes in consumer demand and supply chain disruptions. Real-Time Retail enables companies to: Plan and execute at web speed, anticipating and reacting to changes in shopper behavior instantaneously.

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The Top 15 Retail Trends for 2022

ToolsGroup

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop.

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2022 Retail Buyer Report

Zipline Logistics

Methodology: Zipline Logistics included 900+ retail buyers in our research efforts. . Lastly, stir in retail buyers and compliance programs until fully combined. The greatest opportunity to capture and expand retail shelf space in CPG history. . 2022 Retail Buyer Insights .

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Retailers Could Start Holiday Sales Before Halloween

Enterra Insights

For years now, retailers have been advancing the date for Christmas holiday sales. ”[1] And many consumers realize their gift selection could be limited to items currently found on store shelves or currently available in online retailer inventory.

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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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Retail After Covid, Part 2: How Retail Is Changing

Enterra Insights

For many retailers, the pandemic has been a nightmare. In Part 1 of this article, I discussed signs that the brick-and-mortar retail sector is recovering. In part 2 of this three-part article, I discuss what some experts are saying about how the retail sector must change in the post-pandemic world — the so-called “new normal.” ” Not only will retailers have to reevaluate their operations, they will have to reacquaint themselves with their customers.

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Process Automation in Retail and the Supply Chain

Enterra Insights

Process Automation in Retail and the Supply Chain. The retail sector of the supply chain can benefit as much from process automation as other areas of the supply chain. 5] Guy Kirkwood, “ Retail’s future lies in Robotic Process Automation ,” ChannelX, 2 August 2019. [6]