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.
Looking at the available data, it is obvious that the coronavirus pandemic is as bad as it's ever been on a countrywide level. In just the past week, the number of daily cases, deaths, and hospitalizations have risen significantly, as did test positivity rates among reported tests. Ominously, on Friday, November 13th, the daily number of new cases hit an astounding 177,000—the highest we have seen since the outbreak began by a wide margin.
Supply chain is one of the industries that are fast evolving. The changes in this sector are occasioned by the rising demand for efficiency by the customers and the ever-increasing competition from new entrants and established players who invest in technology. The industry always evolves to meet the needs of the global demand and in return, get huge benefits. With the new year around the corner, we take a moment to look at the technologies that you may be ignoring in this industry, leading to losses.
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