Retail

Retail (131)

In Order to free up Shelf Space, Retailers are offering Black Friday Deals Today

If you’re anything like me, you’ll plan on beginning your holiday shopping early - but somehow always end up ordering last minute gifts on Amazon days before Christmas. While there are benefits to finishing up your shopping early – bigger inventory and less crowds being two of them – many people will wait until Black Friday to begin their shopping. A new theory from NBC Boston suggest that it may be beneficial to start your shopping early this year. And it may not be for the reason you think.

Read more...

Baby Formula is Latest Casualty of Supply Chain Crisis

Baby formula continues to be scarce throughout the United States as parents scramble to feed their babies amid a supply chain crisis. No product seems to be immune to the supply chain disruption with baby formula being the latest causality amplified by the covid-19 pandemic, historic inflation and numerous recalls. With no end in sight, parents are becoming desperate as store shelves lay empty throughout the country. "Unfortunately, given the unprecedented amount of volatility to the category, we anticipate baby formula to continue to be one of the most affected products in the market,” Datasembly CEO Ben Reich advised.

Read more...

School Supply Industry Face Supply Chain Disruption Amid Start of the School Year

Add school supplies to the list of industries experiencing supply chain disruptions this year. But unlike other disruptions – stores won’t completely run out of items. Instead – experts predict that consumers may not be able to get exactly what they want when it comes to sneakers, backpacks, and other goods. "What we will likely see is more limited choice and lower stock levels towards the end of the back to school period," said Neil Saunders, retail analyst and managing director at GlobalRetail Data in an interview with USA Today.

Read more...

Grocery Stores Taking Stock of Pandemic Issues

As the coronavirus pandemic continues pounding all industries, traditional shoppers and retailers worldwide are grappling with uncertainties about COVID-19. Major inventory disruptions and the surge in online shopping due to the coronavirus pandemic are changing the grocery supply chain as it is doing to other industries. With these challenges, grocery stores are seeking new alternatives to salvage the situation and offer better services that will withstand the challenge of the pandemic.

Read more...

Get Your Supply Chain Ready for the Holidays

The 2020 holiday looks different for retailers. The year has had many challenges due to the coronavirus pandemic, which has affected many things. One of the areas that have been affected substantially is the supply chain. However, despite the challenges,  sales are projected to increase this year, considering many people have opted to purchase products from e-commerce platforms instead of using brick-and-mortar stores. As the number of e-commerce orders rises, there will be an increase in the type of services, including last-mile package deliveries and transportation and inbound shipment of items, among others. This calls for careful planning and change of strategy in supply chain management.

Read more...

Plan for an Unusual 2020 Holiday Season

Almost everybody has found their plans mired in the coronavirus. From the retailers whose sectors they depend on have been closed down to holidaymakers whose travel plans have been limited, everyone has been left thinking of what will happen next. Most people have been forced to change their plans while others have halted them completely. As the holiday season gets closer, many retailers will soon start planning their 2020 season, if they have not begun already. While people in this industry have had it easy to forecast and diligently plan for such seasons and execute the holiday campaigns accordingly in the past, this year is a difficult one considering the challenges occasioned by the COVID-19 pandemic.

Read more...

Amazon Looks to Use Empty Mall Space for Fulfillment

As other organizations face a rough time due to coronavirus pandemic, Amazon seems to be having a good time. The company just reported the best ever quarter, meaning the company is making profits and is gaining more power with time. Despite the losses that have reduced traffic in malls for quite some time, customers seem to be shifting their attention to online shopping. And then the coronavirus hit. As it appears, Amazon might soon take over spaces of bankrupt retailers who are struggling with the coronavirus pandemic and other issues.

Read more...

How Different Will Retail be as Tech Buying Takes Over?

The retail industry has been going through a raft of significant changes since the last decade. These changes have been occasioned by the increased internet access and the rise of artificial intelligence, virtual reality and robotics, all of which have proven helpful in many industries. As we move into the future, many technologies keep coming up and the industry will no doubt be revolutionized for the better. The changes will, without doubt, change retail as we know it to a completely different one going forward and you can expect these changes starting now.

Read more...

Apply Data Science to Enhance Your Supplier Relations

Over the past few years, the terms big data and big data analytics have become common keywords in almost every industry. However, we have now come of age and these terms are being put into action to solve different real-life problems. In the procurement and supply chain industry, big data has become critical, considering the complex nature of the industry.

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.

Read more...

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.