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 […]
Kohl’s and Eddie Bauer recently launched a partnership to bring the premium-quality outdoor apparel to Kohl’s customers nationwide. As part of a recent partnership, Kohl’s will offer Eddie Bauer’s premium outdoor apparel and performance outerwear in-store and online to customers nationwide starting in Fall 2021. “We are excited to partner with Eddie Bauer, […]
A recent spike in global demand led to a 300 percent jump in shipping costs as container shipping firms struggle to overcome a supply chain bottleneck, according to CNBC. Maersk CEO Soren Skou told the news source the shipping company missed its fourth-quarter profit expectations due partly to the firm’s issues with capacity. […]
Let’s play pretend. Imagine you’re the owner of an airline company. In order to get your wheels off the ground, you have to check if your aircrafts are properly fitted with the furnishings, supplies, and equipment necessary for safe, efficient travel. Sadly, upon inspection, you find your fleet is in no shape to fly—cabin seats […]
References in popular culture to artificial intelligence (AI), machine learning (ML) and automation have the world figuring out innumerable uses for these technologies in real-life. From Google Maps navigation to Netflix recommendations, we’ve already brought technology into our lives to make daily tasks more convenient and tailored to our wants and needs. Bringing these technologies […]
