eCommerce contributed nearly 42% of U.S. retail sales growth in 2016. While that’s good news for retailers, what’s not is the resulting surge in online fraud. Download the Radial Fraud Index Report and Infographic identifying five major fraud trends impacting your bottom line and insights to outsmart fraudsters.
The linear models of many consumer goods supply chains are now shifting towards consumer-led, data-driven, highly complex supply networks. The consumer increasingly drives innovation from the heart of the network, demanding mass product customization, more accurate synchronization, and faster multichannel retail responsiveness. Going far beyond the abilities of the typical workforce and infrastructure, these shifts require instant visibility, quick decision making and increased flexibility. Artificial intelligence (AI) and robotics automation have the potential to overcome these challenges and revolutionize consumer goods supply chains. For organizations willing to embrace this inevitable evolution, AI and robotics automation will enable innovation, ensure optimum service levels, and deliver growth at low cost. It will become a major source of competitive advantage.
Most retailers use demand-forecasting methods that fail to provide insight into how consumers choose to have orders fulfilled. Download this new report from Gartner Research, sponsored by Radial, for insights into order fulfillment forecasting and optimal inventory positioning using distributed order management systems.
To take a pulse of the Amazon Marketplace and its seller inhabitants, Feedvisor completed The State of the Amazon Marketplace 2018, a survey of over 1,200 Amazon merchants about their challenges, ventures and strategies for maximizing profitability. Feedvisor, the only algo-commerce company using machine learning and big data to help online retailers make accurate business decisions, is acutely familiar with Amazon’s algorithm and harnesses billions of data points to enable sellers to drive Marketplace success.
To better understand the current and future climate, Displaydata commissioned PlanetRetail RNG to carry out global research to understand what consumers wanted from physical stores, and how retailers were responding. Key highlights include that manual pricing is costing retailers up to $104 billion in sales, 57 percent of customers are losing faith over pricing inconsistencies and inaccuracies caused by manual price and promo changes, and 65 percent of consumers would welcome price changes throughout the day if a product is approaching its sell-by date.
For consumer product and retail companies, 2017 offered more of the steady M&A activity that has characterized the market for the last several years. While deal value dropped from 2016 highs, this will likely be short lived. Based on interviews with C-level retail executives, three-quarters of whom reported that they’re using M&A to help their companies acquire new capabilities, expand their product portfolios, access new customers, or increase their geographic reach, the market is characterized by optimism from those at the top. For example, 71 percent of respondents reported that M&A is creating value, up from 48 percent last year.