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Black Friday 2024: Why automation is critical for Australian retailers

Inside Retail

As the Black Friday 2024 shopping frenzy approaches, Australian retailers are gearing up for their biggest challenge yet – managing skyrocketing demand while staying efficient. This year, Australian shoppers are expected to spend a jaw-dropping $6.7 The key to thriving? Automation. per cent from 2023, according to Roy Morgan.

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10 Essential Tips for Streamlining Retail Workflow and Inventory Management

Small Biz Trends

Streamlining retail workflow and inventory management is essential for enhancing efficiency and profitability. By unifying inventory data on a single platform, you can track stock levels in real-time, reducing errors and saving time. With automation, you streamline ordering and focus on more strategic aspects of your business.

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Drop-Shipping for Manufacturers: Your Gateway to More Retail Partnerships

Retail Bound

One approach gaining traction is drop-shipping. But what exactly is drop-shipping for manufacturers, and why should it matter to you? Introduction to Drop-shipping Drop-shipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock.

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What Is Drop Shipping and How It Can Transform Your Online Business

Small Biz Trends

Key Takeaways Definition of Drop Shipping: Drop shipping is a retail fulfillment method where an online store sells products without holding inventory, relying on suppliers to ship directly to customers. With drop shipping, you partner with suppliers who fulfill orders on your behalf.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Retailers face mounting expenses throughout supply chains, from manufacturing to shipping fees. In order to counteract the rising costs of their products, a lot of online stores use transport strategies like free shipping levels or membership programs that encourage larger, less frequent orders.

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How Brands Can Turn Viral Moments into Lasting Consumer Loyalty

Retail TouchPoints

This new drop culture, where excitement builds around smaller, curated releases throughout the year, has become the new norm. Drop culture taps into the emotional immediacy that drives passive shopping. Traditional inventory management, where products are neatly stored and processed in batches, may not cut it in this environment.

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Navigating the Evolving Landscape of Home Furnishings Supply Chains

Retail TouchPoints

Going forward, home furnishings companies must prioritize agility by diversifying suppliers, strengthening partnerships and leveraging technology for better demand forecasting and inventory management. The reliance on international suppliers also leaves the industry exposed to geopolitical risks.