Articles
Retail
’Tis the Season to Dodge Folly
Retailers, don’t get hung up on these potential peak season pitfalls and perils.
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Retail Inventory Management: Definition, Importance, and Key Components
Effective retail inventory management is crucial for the success of the retail and logistics sectors. By adopting automated inventory systems, demand forecasting, and supplier relationship management strategies, businesses can maintain optimal inventory levels and improve their inventory turnover ratio.
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Partnering with Customers and Leveraging Data to Boost Health
In May 2023, Kenvue, the company behind iconic brands such as Tylenol and Listerine, spun off from Johnson & Johnson, becoming the world’s largest pure-play consumer health company by revenue. The spinoff also meant Kenvue’s leadership team had to establish strong supply chain operations as a consumer goods company, rather than as part of a pharmaceutical firm.
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Retail Logistics: Definition, Challenges, and Best Practices
Efficient retail logistics is crucial for the success of the retail industry, ensuring that the supply chain runs smoothly and meets customer demand.
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Avoiding Social Media FOMO
Generating speed-of-light word of mouth, social media can trigger demand surges and trip up supply chain strategies for ecommerce retailers. Here are some approaches that work, even if you aren’t ready to livestream shoppable content just yet:
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10 Challenges in Retail Warehousing
Embracing solutions like automated systems and strategic space utilization are essential steps in overcoming warehouse management challenges and enhancing the performance of retail warehouses.
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Taking a Peek at Peak Season
It’s never too early to prepare for the holiday peak season, especially with disruptions mounting amid solid consumer spending. Shippers and carriers are employing automation, data-based decision making, and smart inventory management strategies—and tapping into lessons learned from last year—to get into position for 2024.
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Channel Strategy: Definition, Types, and Tips
Businesses can significantly optimize the customer journey for better retention, meet business objectives, and ensure a successful marketing campaign—all by optimizing various marketing channels.
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Next Year? AI is a Retailer’s Lifeline
Retailers faced a broad array of challenges this past year. What will they face next year? Does it really matter?
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Rethinking Retail Strategies
As a result of retail’s rapid change, retailers need to review existing strategies to fully leverage forward-thinking practices and technology. Identifying those opportunities contributes greatly to revenue, profit improvement, and customer satisfaction.
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VERTICAL FOCUS: Candy Supply Chain
From a global shortage of sugar to cold chain compliance considerations, candy companies overcome supply chain challenges to hit the sweet spot for consumers.
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VERTICAL FOCUS: Sports & Recreation
The sports and leisure equipment market is projected to register a compound annual growth rate of 4.5% over the next five years.
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Back-to-School Report Card
With increased demand for electronics boosting consumer spending, retailers are gearing up for a packed back-to-school shopping season. So far the 2023 cycle is earning high marks:
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5 Trends to Watch As We Sail Into Peak Season
As shippers approach what is historically retail peak season, understanding the evolving ocean market will be critical to maintaining a resilient supply chain for the long term. Here are five key trends to watch as the ocean market evolves.
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Embracing the System
Ramesh Murthy is executive vice president and chief supply chain officer with Bob’s Discount Furniture, a rapidly growing omnichannel furniture retailer, with 164 stores across 24 states.
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How to Combat Fraudulent Losses
Retail and ecommerce is experiencing a massive digital transformation, and with this comes an increase in bad actors who embrace innovation and take advantage of the latest digital fraud practices as well.
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A Direct Hit
As retail businesses explore all their supply chain options, many find that direct-to-consumer (DTC) models may be the right approach. In fact, two-thirds of North American organizations say their investment in the DTC delivery model has increased since early 2020, according to a new Deposco report, The Rise of Direct-to-Consumer in North America. Respondents from […]
Read MoreSpecialty Retail Hits the Mark
What makes a successful retailer? To answer that question, Manhattan Associates, in partnership with Google Cloud and Zebra Technologies, examined data insight from real purchases, returns, and customer journeys across digital and physical channels to create The Unified Commerce Benchmark for Specialty Retail, a report conducted by Incisiv. The benchmark assesses retailers across 11 specialty […]
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Embracing the Opportunity in Returns
With the explosive growth of online shopping in recent years, largely fueled by the pandemic, returns are on the rise and have become a logistics headache for retailers, carriers, and consumers. The long-term impacts of this increased demand, and the resulting strain on retailers and supply chains, will largely depend on how retailers respond.
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The Great Outdoors: Peak Opportunities
As more Americans venture outdoors, apparel and gear makers net more direct-to-consumer sales and embark on the path to a more sustainable supply chain.
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