Retail demand is bouncing back in a big way after sagging throughout the pandemic. The problem? Securing the shipping capacity to deliver product. Things are looking up for retailers. After several slow sales quarters during the height of the worldwide COVID-19 lockdown, consumer demand is on the rise. Retail sales spiked 47.1 percent in […]
Increasingly erratic weather events, greater numbers of severe natural disasters per year, buckling infrastructure: these are a few of the supply chain disruptions retailers have already begun to see as a result of climate change. According to researchers from Penn State and Northern Arizona University, there is another climate change-induced challenge on the horizon […]
It’s a common, maddening story: a retailer anticipating higher demand for a product increases its order to a supplier. The supplier is thrilled to win the additional business, but their raw material vendor ends up missing a shipment deadline by a week, delaying production. While this one-week delay in production might seem minuscule, it forces […]
In 2021, consumers are increasingly considering their health and environmental impact as they shop for food. Pet food and product manufacturers and retailers are taking this shift seriously, with companies large and small changing their ingredients and production methods to be kinder to the planet as well as their four legged constituents. And they’re […]
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 […]
Private brand sales have risen steadily over the past few years, topping a record $15 billion in 2020 and accounting for 23 percent of all units sold last year according to PLMA’s 2021 Private Label Yearbook. NielsenIQ calculated this figure based on all outlets combined, including US supermarkets, drug stores, and mass, club, and […]
For retail executives, the past few years have been a lesson in embracing change. Improving change management processes, optimizing order management, increasing inventory visibility, and streamlining sourcing are becoming increasingly important as global trade and the retail market at large continue to change in response to shifting consumer expectations and uncertainty surrounding the pandemic. […]
The Evergreen container ship, Ever Given, has been freed from the Suez Canal after the 1,312-foot ship blocked shipping traffic for five days. The removal of the shipping container means efforts to resume traffic in the Suez Canal are now underway. However, the operation to restore traffic flow through the canal could take weeks, […]
What will the food packaging industry look like post-pandemic? Experts expect a greater emphasis on sustainability. Sustainability has been a focus in the retail market for years now that more and more corporations have taken ownership of their role in contributing to carbon emissions and landfill waste. In the post-pandemic grocery market, insiders […]
Digitizing purchase order (PO) management is a priority for the majority of retailers adapting to the pandemic and preparing for a fundamentally reshaped business environment in 2021 – more than 60 percent of retailers were already using an order management solution in 2020, and half of retailers plan to invest in order management in the […]
