article thumbnail

Pilot Company Adopts Machine Learning Platform to Streamline Supply Chain Management

Retail TouchPoints

Pilot Company has chosen the 4R Systems machine learning Forecasting and Replenishment Solution to power logistics at its 750 Pilot Flying J travel centers in the U.S. We are always looking for ways to enhance the in-store experience for our team members and guests,” said Brian Ferguson, Chief Merchant for Pilot Company in a statement.

article thumbnail

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

Retail TouchPoints

In his prior role, Persaud oversaw Rite Aid’s inventory and supply chain management, field team management, store operations, asset protection and facility maintenance and repairs. During the pandemic, he managed the development of protocols designed to enhance safety for shoppers and associates.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can Nearshoring Prevent the Next Supply Chain Crisis?

Retail TouchPoints

“While we’ve returned to some sense of normalcy, the VUCA [volatile, uncertain, complex and ambiguous] proposition has become a reality,” said Dr. Thomas Goldsby, Professor and Chair in Logistics in the Supply Chain Management Department of the University of Tennessee. We’re now battle-tested.” To provide a 99.5%

Returns 305
article thumbnail

“20,000 stores in China by 2026 is the target” – Joey Wat, Yum China’s CEO

Inside Retail

Speaking to Bloomberg , Wat mentioned that China’s economy is valued at $17 trillion, which is around 18 per cent of global GDP, so the scale of the economy gives Yum China a tremendous advantage in their operations. From 2020 to the first half of 2023, the company added 4402 new stores in China and raked in an operating profit of $3.6

article thumbnail

“20,000 stores in China by 2026 is the target” : Joey Wat, Yum China’s CEO

Inside Retail

Speaking to Bloomberg , Wat mentioned that China’s economy is valued at $17 trillion, which is around 18 per cent of global GDP, so the scale of the economy gives Yum China a tremendous advantage in their operations. The current store count stands at 13,602, with total revenues at $5.6 Yum China Holdings, Inc.

article thumbnail

Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Like LEGO sets that get creative builders started with guided instruction, prebuilt data models like those outlined above can help organizations improve their data management and analysis capabilities, promote collaboration across departments and ultimately make better decisions based on data-driven insights at lower cost, time and project risk.

article thumbnail

Old is the New New: How to Take Control of Retail Fundamentals Ahead of Peak Season

Retail TouchPoints

At the same time, retailers are harkening back to a time in the not-so-distant past when holding too much inventory was considered an unforgivable sin. There are really two options to address this dilemma: sharply slash prices, as some big box stores are doing , or manage excess inventory by storing it away until demand increases. .