Retail

Retail (146)

Online Shopping vs. Holiday Demands - How should the supply chain prepare ahead of time?

More consumers are shopping online year-round, which means the holidays are becoming less important for retailers when it comes to hitting their yearly numbers. The ease of online shopping is driven by consistent deal days. The “Amazon Effect” continues to take hold and influences retailers like Walmart to stay competitive year round with online initiatives. These trends pull shoppers’ dollars forward and away from November and December. It means there is a constant demand for goods all year long, and that supply chains will have to adapt to this year-round “holiday-like” pressure to prepare and meet consumer expectations.

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Closing of some brick-and-mortar retailers part of natural evolution

The national news has been filled with stories about the demise of brick-and-mortar retailers, but such closures are part of a natural evolution of this sector, says a Ball State University researcher.

Steve Horwitz, Distinguished Professor of Free Enterprise, is not surprised that more than 1,700 stores are expected to close in 2200 as part of ‘retail apocalypse.”

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Online Shopping vs. Holiday Demands - How should the supply chain prepare?

More consumers are shopping online year-round, which means the holidays are becoming less important for retailers when it comes to hitting their yearly numbers. The ease of online shopping is driven by consistent deal days. The “Amazon Effect” continues to take hold and influences retailers like Walmart to stay competitive year round with online initiatives. These trends pull shoppers’ dollars forward and away from November and December. It means there is a constant demand for goods all year long, and that supply chains will have to adapt to this year-round “holiday-like” pressure to prepare and meet consumer expectations.

Read more...

Blockchain is Invading the Fashion Industry

Blockchain discussion is everywhere. Starting in 2017 when the concept gained momentum, many industry-wide applications have emerged. The decentralized ledger technology that is the basis of blockchain has brought scalability, enhanced speed of transactions and improved security and will, without doubt, transform the world. With these advantages, industry leaders are now exploring possible ways that they can use this technology to their advantage.

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Shopify for Onlining Your Store

If you’re buying from an e-commerce shop this holiday season, they may be powered by Ottawa-based company Shopify. Shopify, an e-commerce platform enables small businesses to create their own branded store without having to rely on Amazon or other big marketplaces. Small business owners who have sold their products on Amazon have complained that Amazon controls their product’s price, their supply chain and even their company messaging. Some companies have even gone so far as to accuse Amazon of creating copycat versions of their products only to sell them at a cheaper price on Amazon.

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The Rise of the Porch Pirate: Why Consumers Need to Rethink Their Delivery Locations

As package deliveries have increased due to e-commerce shopping, so too has package theft.

Porch pirates, or package thieves, exploit the fact that most online shoppers receive their packages in unsecured areas such as building entryways and outdoor mailboxes.

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How the Subscription Box Economy Exploded in Popularity

shoppersWithin 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:

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Trade War could Affect Holiday Season

Have you told your friends that this is the year you’re going to start your holiday shopping early? Chances are you made this same vow last year, the year before, and possibly even the year before that – only to wait until the last minute to pick up presents for your friends and family. With trade wars looming it may actually be beneficial to start your shopping now – as businesses predict steep prices for the holiday season. The products that will be affected are those manufactured and shipped from China. Included in those products are everything from toys and apparel to electronics.

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Omnichannel Payment Processors

Omnichannel, in the retail sector its means to give the consumer a seamless experience across all the available shopping channels--brick and mortar, online or mobile. Now, how is that applicable to a nonprofit? Well, nonprofits need to offer their donors and potential donors the ability to take payments in a variety of ways (eCheck, credit, debit, ACH)  without a difference in convenience, service or branding.

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Global Supply Chain Survey Demystifies the Ongoing Retail Shipping Wars

Amazon, Target, and Walmart continue to intensify efforts to improve the customer experience across a multitude of fulfillment channels. Enhancements, such as Target’s recent announcement on same day shipping, are dictating industry expectations at a rapid pace with the ripple effect impacting retailers and their supplier communities. To identify trends that aim to make this transformation easier to navigate, DiCentral (www.dicentral.com), a leading provider of B2Bi Managed Services, partnered with Lehigh University to conduct a first-of-its-kind survey of over 180 retail and manufacturing executives on evolving consumer shipping behaviors.

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