Articles by tag: supply and demand
Last year, eyes were popping as the price per gallon of gas passed the five-dollar mark in most places. This is more than double the average gas cost per gallon in 2020, which was $2.17 per gallon, according to the U.S. Energy Administration. While prices are down from that five-dollar mark now, they have […]
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Labor Demand: Layoffs were Common During the Pandemic, So Why are Small Businesses Struggling with Labor Supply Now?
Labor demand increased by 13% according to recent statistics and supply increased by 132 percent from 2019 to 2020. Furloughs and layoffs were abundant just over two years ago when the pandemic hit, and the statistics don’t lie. The Bureau of Labor Services found that between 2019 and 2020, labor demand decreased by 13 […]
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How Cell and Gene Manufacturers Can Scale to Meet Demand
Between 2022 and 2030, the cell and gene therapy sector is expected to experience a compound annual growth rate (CAGR) of 39.42 percent, BioSpace said of a recent Vision Research Report. This is quite a large anticipated growth; how will startups and current manufacturing companies work to meet this growing demand? On today’s episode of […]
Energy
Demand Response and the Power Grid: How to End Rolling Blackouts
Rolling blackouts are a big topic of conversation right now, with Texas and California facing potential summer blackouts due to heat waves. But most people don’t understand why they’re necessary and what they achieve. One crucial question surrounding blackouts is whether or not power grids can get to a place where they’re not needed. On […]
Podcasts
The Global Supply Chain is in Chaos
The global supply chain is in complete disruption because of the pandemic. Localized incidents often happen that cause shifts, but this was on a worldwide scale. Supply chain expert David Beaird of Beaird Solutions spoke with Tyler Kern about the impact and aftermath. “We’re about to see a global reopening where demand is going to explode, […]
Industrial IoT
Clothing Retailers Fighting a Tremendous Supply and Demand Imbalance
Worldwide, unsold clothing stockpiles are skyrocketing. In fact, McKinsey estimates that the worldwide supply of unsold clothing is valued at anywhere from $168-$192 billion, a staggering figure that’s around double the normal levels. This backlog was largely spurred by the COVID-19 pandemic, adding to the variety of stressors retailers are already trying to navigate as […]
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The Resurgence of Brick-and-Mortar Stores: One-of-a-kind Shopping Experiences Are Turning Customers into Brand Ambassadors
In the convenient world of e-commerce, big box stores are seeing a resurgence. Chains like Dick’s Sporting Goods, Walmart, and Target are experimenting with one-of-a-kind shopping experiences that can turn casual shoppers into loyal fans. In a recent Experts Talk roundtable, Allen Adamson, Co-Founder at Metaforce, highlighted how one-of-a-kind shopping experiences make for exciting […]
Revolutionize Customer Engagement Through Digital Augmentations in Physical Retail
The digital transformation of retail experiences in physical stores has become crucial as big-box retailers strive to maintain their relevance and competitive edge in a digital era. These retailers are embedding interactive features and digital augmentations in their physical locations to offer unique, engaging customer experiences. This approach merges the tactile allure of in-store […]
Enthusiastic and Trained Employees can Enhance Experiences and Drive Success in Physical Retail
In today’s retail landscape, big-box retailers are emphasizing the importance of their physical locations, even as the digital marketplace continues to expand. Stores like Dick’s Sporting Goods and Walmart are not just maintaining their brick-and-mortar presence but are actively enhancing it with features like interactive elements and new store openings. This reassertion of the […]
The Coexistence of Big Box and Small Retail Relies on Synergistic Relationships
Despite being long time competitors, big box retailers and small local businesses can both coexist in ways that benefit the other. Of course, both retail formats are different but by maintaining their core business models, the two can bank and leverage their strengths and still be open to synergistic relationships. During an episode of […]