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A whopping 31 percent, decided to purchase at another store — that means not only are you losing sales, but your competitor gets them instead. Thankfully, there are tools available for a store operator to attack this problem at its root. Since 2004, stockouts have only become worse for retailers. by Joey Rubinstein.
Persistent challenges such as increased competition, changing customer preferences, and supply chain disruptions were met with various innovations such as AI-powered inventorymanagement systems, personalised marketing strategies, and blockchain-based supply chain platforms.
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