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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 started upgrading its digital technology even before the pandemic hit: in January, the retailer partnered with Google Cloud to help modernize its e-Commerce, merchandising, supply chain management and pricing systems. in Q2 2020, with digital sales up 135% during the second quarter. in Q1 and 35.1%

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How to Revolutionize Inventory Management

Independent Retailer

Consumers encountered 60 billion out-of-stock messages from online retailers between March 2020 and February 2022, according to Adobe. As manufacturing and supply chain disruption increases, retailers must optimize inventory management to give customers a better experience. Common Inventory Management Headaches.

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

Inside Retail

Expanding reach Since launching in Singapore in 2020, Hydragun is now expanding into markets that are more developed in terms of the fitness, health and wellness category, namely Hong Kong, South Korea and Australia. He said the platform will be key in helping Hydragun achieve its goal of reaching 1 million households by 2025.

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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

Organizations would do well to identify secondary suppliers that can help mitigate risks in their supply chain. Many supply chain leaders cite predictive analytics as the Holy Grail of enterprise risk management, but more often than not, their organizations lack any meaningful ability to generate and act upon these analytics.