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Sportswear giant On to transform supply chain with AI and robotics

Retail Gazette

Under the partnership, fully autonomous drones are used in the brand’s warehouses to enable full operational visibility via smart, real-time inventory tracking, minimising stockouts, misplacements, and shrinkage across its supply chain.

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Retail’s Last-Mile Challenge

Retail TouchPoints

But many retailers are seeing opportunities in using those locations as micro-fulfillment centers. Some 300 of Tesco’s 7,200 stores fulfill orders in a similar fashion. Some 300 of Tesco’s 7,200 stores fulfill orders in a similar fashion. Azita Martin is General Manager of AI for Retail and CPG at NVIDIA. In the U.S.,

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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. What does this mean exactly?

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5 Real-World Ways 5G Will Transform Retail

Retail TouchPoints

5G is really three things — speed , latency and massive connectivity ,” said Michael Colaneri, a 30-year AT&T veteran who now leads the telecom’s retail business vertical. Here are five places where 5G-enabled experiences/solutions are either being tested or have already been deployed at retail. What is 5G, Really?

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Key Takeaways from the Wiser Industry Leaders Brand Panel: Challenges and Adaptations

Wiser

As detailed by industry experts at the panel, the impact of staffing shortages extends beyond the bottom line. The consensus among panelists suggests an anticipatory strategy might cushion the effects of potential recessions. For organizations operating at various scales, the advice is clear: remaining lean and nimble is key.

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5G in Retail: Creating the WOW factor

Retail TouchPoints

Retailers that understand the customer journey and adopt innovative strategies are looking at ways to turn their brick-and-mortar stores into experience centers. 5G provides an alternate method to keep the store connected at all times. 5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings.

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What Is Phantom Inventory? Here’s How to Spot It

Wiser

ShrinkageShrinkage occurs when a product is lost due to employee theft, shoplifting, or another unknown reason. . Receiving errors – Errors can happen as merchandise is received and processed at the back of the store. . Images are crucial because it’s clear evidence of a problem at the shelf-level.

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