With shoppers finding much of what they want online, the future of the brick-and-mortar store can seem bleak. Such major retailers as J.C. Penney, Lowe’s, Gap and Family Dollar, among many others, have announced plans to close at least some stores across the United States this year.
Within the last decade, the subscription box market has taken off. Everything from groceries to makeup products are being shipped around the world to those who subscribe to these trending vendors. Between 2014 and 2018 alone, subscription box services grew by 890%. Just what sparked that extreme growth? Amir Elaguizy, a co-founder of global subscription box marketplace Cratejoy, discusses three key trends that popularized the services:
Ever since the emergence of supply chain technology decades ago, there have been various views flying around on the impact of technology in the supply chain. While some people seem to suggest that technology will significantly hurt supply chain businesses, many argue that technology will provide opportunities yet to be explored. The truth however is that the mix of technology and people will result in so many more opportunities although it is no secret that some people will lose their jobs.
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