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Why Retailers Should Embrace Retail Digital Transformation

Retail Focus

Consumers in the digital era have many choices in the retail space, including online shops, mobile apps, and in-store. These technologies evolving by analyzing data analytics that curate personalized shopping experiences that suit their tastes and preferences. Management of inventory sales. Product descriptions.

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Walmart Steps Up Ecommerce Investment With Cross-Border Commerce and NFT Projects

Retail TouchPoints

marketplace, while CNBC has reported that the company plans to create its own cryptocurrency and collection of NFTs. The team also will help Indian sellers meet standards for creating new international product lines and enhance their capabilities in packaging, marketing and supply chain management.

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From smart mirrors to in-car shopping: the tech shaping retail’s future

Inside Retail

A key one, he said, is personalisation, as the demand for a tailored and customised shopping experience becomes higher over time. From a back-of-house perspective, AI and machine learning technology is also able to power supply chain management and easily detect fraud.

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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

While COVID-19 slowed the world down to a standstill, it greatly accelerated the growth of online shopping. Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. In the years to come, AI will prove extremely useful in supply chain management.

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

Inside Retail

Continue to review minimum stock limits and develop contingency plans should supply issues emerge. 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.

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How Enterprise Modernization and Artificial Intelligence are Charting a New Course for the Consumer Industry

Retail TouchPoints

In response to this unpredictable economic landscape, consumers have recalibrated their shopping habits, demanding businesses to exhibit a newfound agility and innovation. In fact, 71% of consumer products CEOs and 64% of retail CEOs believe they have a clear plan for the role advanced AI will play in decision-making five years from now.

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

Retail Focus

Supply chains must be agile enough to cope with unexpected gaps in workforces, which involves two levels of contingency planning. The first affects stock inventory management. The second level of contingency planning involves personnel resourcing strategies. 3) Scale up scenario planning.