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.
The strain that COVID-19 has caused the global supply chain has had profound effects on nearly every industry and has continued into the 2021 holiday season. It creates an immense challenge for retailers who are planning for the 2021-22 holiday retail season, perhaps even more challenging than 2020.
Supply chain and Logistics have gone through many changes in the last decade. Thanks to the rise of various innovative technologies such as machine learning, artificial intelligence and neural networks, processes have now been streamlined, and providers have managed to bring down the cost of operations. In the face of globalization, increased product complexity and rising customer demand, companies are capitalizing on technology to transform their supply chain operations through innovation and efficiency in service delivery. Here are some technologies that make a difference in operating your supply chain.
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