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Stockouts Are Costing You Money

Independent Retailer

In 2004, the Harvard Business Review interviewed over 70,000 shoppers to find out how they react to a stockout. Since 2004, stockouts have only become worse for retailers. One shocking conclusion was that 72 percent of traditional (product not on shelf) out of stock events are the result of poor store management.

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Retail Assist X Retail Technology Show 2023

Retail Assist

Persistent challenges such as increased competition, changing customer preferences, and supply chain disruptions were met with various innovations such as AI-powered inventory management systems, personalised marketing strategies, and blockchain-based supply chain platforms.