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.

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.

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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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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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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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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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Retailers’ inventories suggest restocking long way from finished

The Supply Chain Journal

Inventory levels increased for the nation’s largest retailers during the fiscal second quarter that ended July 31. Retailers accustomed to carrying thin inventories saw merchandise positions quickly sold through and have struggled to catch up to demand for more than a year now.

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.

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 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.

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.

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.

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.

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.

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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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The Single Fundamental of Retail Design: Lighting

IT Supply Chain

The post The Single Fundamental of Retail Design: Lighting appeared first on IT Supply Chain. By Miguel Aguado (pictured). Marketing & Technology Manager, Lutron Electronics. Industry Talk

What retailers should be preparing for next

IT Supply Chain

Partner for Retail, Infosys Consulting. The post What retailers should be preparing for next appeared first on IT Supply Chain. By Sachin Jangam (pictured). Industry Talk

UK retail sales – best quarter on record

IT Supply Chain

Retail Industry Lead, CI&T. The post UK retail sales – best quarter on record appeared first on IT Supply Chain. By Melissa Minkow (pictured). Industry Talk

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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August to be record for retail imports, NRF says

The Supply Chain Journal

The National Retail Federation is calling for the start of peak season to kick off with a bang. The group sees imports to the nation’s largest retail container ports increasing 12.6% year-over-year in August to 2.37

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.

ONS retail figures: are pre-pandemic retail levels here to stay?

IT Supply Chain

Retail Industry Lead, CI&T. The post ONS retail figures: are pre-pandemic retail levels here to stay? By Melissa Minkow (pictured). appeared first on IT Supply Chain. Industry Talk

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

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.

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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.

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Retailers should evaluate their security processes

IT Supply Chain

The post Retailers should evaluate their security processes appeared first on IT Supply Chain. By Casey Ellis (pictured). CTO, & Founder, Bugcrowd. Industry Talk

ONS retail figures a big relief for retailers, despite ‘pingdemic’ impact

IT Supply Chain

The post ONS retail figures a big relief for retailers, despite ‘pingdemic’ impact appeared first on IT Supply Chain. By Oliver Guy (pictured). Senior Director, Industry Solutions at Software AG.

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.

Introducing Retail Academy: Learn From the Industry’s Leading Experts to Maximize Your Profitability

Procurement Academy

The retail staff is the most significant stimulus for the customer’s purchase decisions. It becomes critical to pay close attention to how the retail employees work, and here’s a platform to improve their performance. Retail Academy in Conclusion.

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.

A101 – 5th Fastest-Growing Retailer

Solvoyo

The post A101 – 5th Fastest-Growing Retailer appeared first on Solvoyo. Grocery retail analyticsAgility in Supply Chain Planning During COVID-19 A101 made fast adjustments to demand changes, adapting safety stocks across 50 DCs, and increasing safety stocks in the stores.