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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. According to figures from Adobe, online shoppers faced 60 billion out-of-stock messages from March 2020 to February 2022. In the years to come, AI will prove extremely useful in supply chain management.

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Rite Aid Charges New Chief Retail Officer with Developing its Store of the Future

Retail TouchPoints

Persaud, who has held the role of EVP, Retail since February 2020 , will now be responsible for orchestrating new in-store experiences and operations processes under the retailer’s RxEvolution strategy. During the pandemic, he managed the development of protocols designed to enhance safety for shoppers and associates. and Canada.

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Lowe’s To Deploy BOPIS Pickup Lockers Chainwide By Early 2021

Retail TouchPoints

Lowe’s will install pickup lockers at all its U.S. “Our number one priority is making sure we are keeping things safe for our associates and customers while continuing to provide additional options to make it even easier to shop with us,” said Joe McFarland, EVP of Stores at Lowe’s in a statement. in Q1 and 35.1%

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How to Revolutionize Inventory Management

Independent Retailer

Fifty-four percent of company executives acknowledge that they do not have clear visibility of their supply chain data past tier 1. Disruption at the early stages goes unseen, and businesses do not feel the consequences until there are empty spaces where products should be. Common Inventory Management Headaches.

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How Hydragun aims to ride the wellness wave to reach 1 million households

Inside Retail

Whether you are young or old, active or otherwise, pain is something that everyone would experience at some point – and my team and I aim to innovate and create recovery solutions to help people feel good, get better and live their best lives,” he told Inside Retail.

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Is Uber the Next UPS?

Retail TouchPoints

logistics market generated just under $1 trillion in economic value during 2020, according to data from Statista — making it an extremely tempting market for a company with existing expertise in transportation and logistics technology. The overall U.S.

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What COVID-19 Supply Chain Disruptions Teach Us About Procurement

Retail TouchPoints

Today, for better or worse, the COVID-19 pandemic is forcing the procurement industry to take a hard look at that assumption. The first of these truths is that companies must develop comprehensive, proactive contingency plans that will allow them to continue functioning in the wake of supply chain disruptions.