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Prepare Your Business for Supply Chain Disruptions

Independent Retailer

Climate change disruptions are disproportionately felt by small and medium-sized businesses. The transportation of products in the supply chain is becoming increasingly difficult due to restrictions brought about by weather. Prepare your business for supply chain disruptions.

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Digitalization Can Help Mitigate Climate-Related Supply Chain Disruptions

Retail TouchPoints

It’s just the latest example of how extreme weather has taken a toll on the supply chain; the same dramatic dry/wet weather patterns also have increased prices for coffee, nuts and select produce. Weather-related disruptions are especially difficult for businesses to navigate because they’re so unpredictable.

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Alibaba Supply Chain Exec Recommends Futureproofing with AI, Blockchain and Crowdsourcing

Retail TouchPoints

But the supply chain disruptions that it exacerbated have not fallen by the wayside as easily as disposable masks did, with the global movement of goods continuing to be impacted by one challenge after another — from war and terrorist attacks to drought. The COVID-19 pandemic has, for all intents and purposes, ended.

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Actionable Strategies to Safeguard Your Supply Chain from Cyberattacks

Retail TouchPoints

The world’s supply chains are under attack, and the vendors that organizations rely on could be the weakest link when it comes to protecting confidential information from falling into the hands of cybercriminals. An October 2022 report from BlackBerry Limited highlighted how extensive the threat to supply chains has become.

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5 Ways Small Businesses Can Manage Supply Chain Issues

Wiser

As a small business owner, managing supply chain issues is nothing new. Because smaller retailers cannot always order in bulk or far in advance like many larger retailers do, any supply chain disruptions are often felt faster and stronger by small businesses.

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Unleashing the power of AI: What it means for retail in 2024

Inside Retail

AI has huge potential in the consumer and retail sector, with its ability to drive better business outcomes, including in customer experience, commercial effectiveness, operational efficiency, and cost optimisation. The 2024 Australian Retail Outlook is out now.

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Retail Business Response Planning for Severe Weather Events

Retail TouchPoints

Taking a proactive approach in planning for and responding to severe weather volatility will help safeguard any business’s reputation — and long-term growth potential. According to Harvard Business Review , “Every year, weather variability is estimated to cost $630 billion for the U.S. alone, or 3.5% of gross domestic product (GDP).”

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