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Crafting Effective Solutions For Retail Supply Chain Management

Retail Minded

Patagonia, an outdoor clothing retailer, focuses on sustainability by using recycled materials, reducing waste, and promoting ethical sourcing. Risk Management and Resilience: Develop robust risk management strategies and contingency plans.

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The four trends defining online retail in 2024

Inside Retail

Thanks to rapid innovations in supply chain management, AI technology and digital marketing, e-commerce is increasingly playing an integral role in the lives of everyday Aussies. Others are looking for alternative fulfilment methods to meet customer demand and stay ahead of ever-changing supply chains.

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Demand Forecasting in Supply Chain – Getting it Right in 2024

Retalon

While nearly three-quarters of all retailers still rely on simple, and consequently limited, tools such as Excel spreadsheets, the integration of AI-driven technologies in supply chain management is revolutionizing how demand forecasting for forward-thinking retailers. What is supply chain demand forecasting?

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Holiday Retail Trends 2023: Essential Insights for Online Brands & Retailers

Wiser

Data can help identify the promotional strategies that resonated with consumers, the products that flew off the virtual shelves, and the ones that didn’t. Consumers enjoyed the ability to browse and compare products across multiple retailers at their leisure, without the limitations of store hours or geographic location.

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Survival guide: The keys to resilience and success in tough times

Inside Retail

Focus on contingency planning for best- and worst-case scenarios, particularly around supply-chain management, and continueto monitor and identify alternative suppliers to keep the business moving, should disruptions occur. Pricing and promotional strategies will be vital as consumers are more cost-conscious.

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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. Or a customer receives immediate, personalized product promotions and recommendations the moment they walk in a store, creating a truly customized experience. 5G can Drive Consumer Engagement.

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Preparing For Peak; Five Tips For Getting Supply Chains Fit For The Festive Season

Retail Focus

Reorganisation of workforces including adapting shift patterns, introducing training plans to promote upskilling, and recruiting ahead of demand curves can all create opportunity to quickly address labour shortages. Retailers should interrogate the accuracy of stock inventory management and review levels of errors.