Supply Chain
Direct-to-consumer (DTC) brands and legacy retailers are looking to increase profitability, and they can do so by improving operational processes and reducing inefficiencies. Focusing on profitability should, in theory, always be the case, but it is especially true today as economic headwinds have retail executives focused on operational cost-savings more than growth. DTC brands areโฆ
The integrated use of IoT sensing and monitoring devices across the food retail supply chain has opened a myriad of new opportunities for organizations to minimize loss and enhance operational agility โ both of which were strenuous pain points in the past. Connectivity is worth its weight in gold in an era of uncertainty whereโฆ
Ikea has set its sights on the U.S. in a new way: While the company has 52 retail locations in the country, itโs investing $2.2 billion to add more U.S. stores, expand its omnichannel options, and improve the customer experience for American shoppers. Speaking at the Home Delivery World conference in Philadelphia on Wednesday, Ikea'sโฆ
Dockworkers at West Coast ports are disrupting international trade, according to the Pacific Maritime Association. Two of the six marine terminals at the Port of Long Beach remained closed during the day shift Monday, as โoperators of those terminals made the decision to close based on operational needs, and will reopen for the evening shift,โโฆ
In April 2023, Walmart unveiled its plans to automate its supply chain network by 2026 to increase productivity and enhance the customer and associate experience. With customer expectations higher than ever and supply chain disruptions impacting inventory levels, we can expect many other companies to follow in Walmartโs footsteps by taking steps to automate theirโฆ
Consumers are posing an ultimatum to fashion and apparel brands: Start taking sustainability seriously or theyโll shop elsewhere. A new study of UK consumers found that 81 percent intend to boycott apparel brands that donโt prioritize sustainability within the next two years. These consumers are part of a clear global trend: Growing swaths of consumersโฆ
The days when brands and retailers could turn a blind eye to where their products come from are over. Amid heightened awareness of social and environmental abuses throughout the supply chain, governments around the world are moving quickly to hold businesses accountable for the actions of their suppliers. New supply chain due diligence laws areโฆ
In November 2022, OpenAI launched ChatGPT, and the hype has been growing ever since. Some people ask ChatGPT to carry on philosophical conversations, compose love poems, and spit out edgy rap lyrics. Those in the logistics sector are finding other ways to put ChatGPTโs talents to use. We're harnessing the platform to improve our customerโฆ
Amazon.com is offering some customers an incentive to pick up their orders in-store rather than have it delivered to a home address as shipping costs soar, Reuters first reported Monday. The e-commerce giant sent emails to a number of Amazon Prime subscribers promising them $10 if they picked up any of their orders worth atโฆ
Bed Bath & Beyond was doing roughly 15 percent of its sales online in 2019 before the pandemic initiated an online shopping boom. As of last summer, 25 percent to 30 percent of the retailerโs revenue came from e-commerce. And yet, Bed Bath & Beyond just declared bankruptcy. As with many retail stories, the proverbial devilโฆ