Articles by tag: Steven Carnovale
As the logistics industry rapidly integrates connected, smart, and ecosystem-level technologies, predictive and prescriptive analytics promise to streamline operations and enhance efficiency. The recent influx of high-revenue opportunities has drawn blue-chip technology talent into the logistics sector, highlighting the increasing importance of predictive analytics, artificial intelligence, and automation in shaping the future of…
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Experts Talk: Navigating 2023’s Holiday Retail Supply Chain Challenges
In the dynamic world of retail, the holiday season is a litmus test for the industry’s adaptability and resilience. With the rise of e-commerce and changing consumer behaviors, retailers face the challenge of balancing inventory management, fulfillment strategies, and technological integration. A recent surge in online shopping, coupled with fluctuating consumer trends, has put…
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Returns Cost Retailers Billions. Making Them Even Easier for Customers Will Turn Returns into Revenue.
Recently, fashion retailer H&M began charging its UK customers a small fee for returning online purchases in-store — and then hurriedly backtracked on this strategy. Meanwhile, the National Retail Federation found that returns resulted in $816 billion in lost sales for retailers in the United States last year. It should be no surprise, then,…
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Chipotle is Expanding Into Rural Communities. It’ll Need to Reevaluate its Fresh Food Supply Chain.
Supply chain issues are far from over but Chipotle is expanding into a new market that could heavily impact their fresh food supply. The company recently announced its new expansion strategy to open in smaller towns, but some issues can arise beyond its control. The quest for unique and specific offerings in establishments like…