Supply Chain
February 28, 2023 at 4:38 pm
Consumers are tightening budgets in preparation for a softer economy, shifting how often they shop and what they shop for in effort to maximize their spending power. Pair this shift with financial market instability, ongoing supply chain pressures, and the continued need for an elevated omnichannel shopping experience, and it’s no wonder retailers are looking…
February 27, 2023 at 4:35 pm
Amazon.com is reportedly expanding ultrafast delivery options and devoting more resources to facilities and services structured to deliver packages to customers in less than a day, according to a Feb. 26 report in The Wall Street Journal. The expansions are happening at a crucial point for Amazon, which faces competition for fast delivery options while CEO Andy…
February 23, 2023 at 5:14 pm
Target announced this week that it will spend $100 million to build a larger network of supply chain hubs to speed up and lower the cost of delivering online orders. The retailer plans to have at least 15 of the facilities, dubbed sortation centers, by the end of January 2026. It already has opened nine…
February 22, 2023 at 4:36 pm
E-commerce is fast becoming the lifeblood of the retail economy. In 2021, the e-commerce industry generated $5.2 trillion worldwide, with a 56 percent increase expected by 2026. With statistics like these, it's no surprise that e-commerce has become a driving force for businesses of all sizes. However, serious blind spots threaten that profitability. Entering the next…
February 15, 2023 at 7:17 pm
In 2022, 69 percent of Americans shopped online, and 25 percent of Americans shop online at least once per month. It's estimated that digital spending grew by about 6.1 percent in 2022 compared to the year prior. The most recent data shows consumer spending rising this past holiday season as well, a positive sign for the…
February 14, 2023 at 10:30 am
Each year, NRF: Retail's Big Show acts as the curtain-raiser for some of the retail industry’s most advanced and innovative technology solutions. While 2022’s event saw NRF’s return to New York’s Javits Center, attendee turnout remained unusually low due to the world being in the early stages of the post-pandemic recovery. However, 2023 saw attendee…
February 9, 2023 at 12:13 pm
It seems like every week this winter there's an announcement about a closed freeway due to a blizzard and South Florida is still cleaning up the devastation caused by hurricane Ian, especially when it comes to the supply chain. With today’s climate changes and challenges, it’s very likely that other weather emergencies like hurricanes, tornadoes,…
February 6, 2023 at 11:34 am
For the 2021 holiday season, shoppers and retailers worried about inventory shortages and shipping delays, but for this most recent holiday season, many brands were dealing with an excess of product. At the same time, organized retail theft is on the rise, with 57 percent of retailers reporting an increase in 2022 year-over-year, according to…
February 6, 2023 at 10:59 am
Amidst skyrocketing digital advertising costs and uncertain macroeconomic conditions, direct-to-consumer (DTC) brands that once relied primarily on social advertising to drive customer acquisition are now seeking new ways to reach consumers. Companies like cosmetics maker Jones Road Beauty are shifting ad spend from early DTC mainstays Facebook and Instagram to platforms like TikTok that drive…
February 1, 2023 at 2:10 pm
With a new year upon us, one of the first things on the horizon for the industry is the introduction of the Supply Chain Due Diligence Act, which went into effect on Jan. 1 in Germany. The legislation aims to improve the international human rights situation by making it legally binding to ensure certain standards…
