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.
It is estimated that more than 10,000 different candle scents are available to consumers today. According to the National Candle Association, U.S. retail sales of candles - not including accessories like hurricanes, matchboxes, and wick trimmers - are estimated at approximately $3.2 billion annually. Founded in 1951, Kansas City-based candle and fragrance company, Empire Candle Co. is one of the major manufacturers in the billion-dollar industry.
Manufacturers are turning towards artificial intelligence (AI) to fill in the gaps of an industry on the cusp of collapse. All eyes are on the supply chain industry during the pandemic as they struggle to find enough employees to produce, assemble, and deliver finished products. The answer may lie in AI as they can pick up the slack in industries where workers are few and far between.
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