Private brand momentum lives on! More shoppers say they’re buying private label groceries, and it’s not just because of price, according to new research from FMI-The Food Industry Association. The FMI 2022 Power of Private Brands report, states that over 40% of consumers have purchased more store brands since before the global pandemic, and […]
Enterprise organizations need to build a technology infrastructure that promotes agility and flexibility to support business innovation, drive new revenue streams, and reduce organizational risk amidst today’s rapidly changing business conditions. CIOs and CTOs have the momentous task of catalyzing this infrastructure transformation but are often bogged down by legacy enterprise software vendors and […]
Retailers are following through on their pledges to take ESG seriously, but a lack of sustainable suppliers and an influx of verification challenges are proving to be a stopgap. One particular claims label on products sold by retailers and brands has become synonymous with a strong stance on environmental, social, and governance (ESG) initiatives: […]
The problems brought on by supply chain disruptions are considered a major inconvenience in most retail sectors, but the stakes are a bit higher for food & grocery retailers. Supply chain snags that, in most industries, simply impact customer satisfaction and profit margins, can in fact pose a risk to consumer health in the […]
A bill working its way through the New York State Legislature will require fashion businesses with revenues greater than $100 million to report on a range of ESG measures. Fashion businesses in New York with revenues surpassing $100 million may soon be required to report information to authorities on a range of environmental, social, […]
In a recent Fireside Chat with Sourcing Journal, American Eagle Chief Supply Chain Officer Shekar Natarajan and Bamboo Rose President Chirag Patel discussed this fundamental transformation in supply chain strategy. Major retailers have recently taken a hit to their bottom lines as a result of supply chain disruptions that have delayed product deliveries and […]
For retailers, accurate assortment planning makes the difference between high profit margins and a sales quarter filled with missed opportunities. Despite the irrefutable importance of assortment planning, many retailers still struggle to get it right. Why? Because there’s no surefire method or exact science for predicting the future, which is ultimately what assortment planning […]
Retailers and consumers are grappling with a disconcerting level of inflation with the holiday season right around the corner, sending costs soaring at every stage of the product lifecycle. The increase in consumer prices, once called “transitory” by Federal Reserve Chair Jerome Powell, has proven to last a lot longer than optimistic White House […]
The FDA is encouraging the technology community to get involved in improving food safety by leveraging software to drive complete supply chain traceability for food retailers, manufacturers, suppliers, brands, and consumers. On August 1, 2021, FDA completed a month-long contest to assess tech companies’ abilities to support traceability throughout the food supply chain, as […]
The past 18 months, for many retailers, have been an exercise in attempting to build a plane while flying it. The retail landscape is fraught with supply chain disruption and changes in consumer buying behavior that directly impact the profitability of traditional business models. It’s a stressful time for many retailers that have had […]