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Can Nearshoring Prevent the Next Supply Chain Crisis?

Retail TouchPoints

Thomas Goldsby But after the wild pendulum swings caused by COVID — first not enough product, then a glut of it — the state of global supply chains deserves more sustained attention. That increases the need for [domestic] storage locations, including warehouses and retail stores that are close to where your markets are.

Returns 293
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Private Label’s Growth Could Be Lasting — if Retailers Listen to Consumers’ Sustainability Preferences

Retail TouchPoints

The Private Label Manufacturers Association reported that sales of private label consumer packaged goods soared 11% last year to nearly $230 billion. Sales of store brand products often rise during periods of economic hardship, and it’s clear that double-digit inflation has spurred consumers to turn to cheaper alternatives to save money.

Consumer 194
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How Covid-19 is reshaping the consumer

Inside Retail

As we closed out 2020, all data sources pointed towards households reverting to pre-Covid behaviours and a return to a more consistent and predictable purchasing rhythm. Sporadic outbreaks aside, the supermarket industry was returning to something close to normality. Scope a project with us. Scope a project with us.

Consumer 147
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The Top 5 Retail ERP Software Features to Look For

Retail TouchPoints

The secret lies in their well-developed Customer Relationship Management (CRM) system. CRM modules integrated into your ERP system can give you a 360-degree view of your customers — online and in-store purchases, their locations, accounts, preferences and more. A supply chain management module can help you with this as well.

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Wireless 5G Revolutionizing Retail

Retail TouchPoints

Imagine a retail location where customers using an AR-powered mirror can see how clothing looks on them without ever entering a changing room. 5G can Drive Consumer Engagement. Part of the reason we expect high retail adoption is that consumers are looking for a different and enhanced in-store experience.

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Demand Forecasting in Supply Chain – Getting it Right in 2024

Retalon

Navigating through today’s industry needs, businesses face increasing challenges due to fluctuating market dynamics, evolving consumer behaviors, and technological advancements. Why is forecasting in supply chain management important?

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Stores are back, but will the inventory be there?

Inside Retail

According to Oracle’s latest Retail Consumer Study , 53 per cent of consumers plan to shop mostly in-store this holiday season, and an additional 25 per cent plan to shop through a combination of in-store and online channels. Preparing for the rush. New customer expectations.