The term comes from new research conducted by IHL Group on behalf of OrderDynamics. It looks at the costs that retailers rack up by failing to understand what's happening in their businesses today. The problem rests in large part with the additional challenges posed by e-commerce and the advent of the omnichannel. Many retailers have yet to coordinate their efforts across all channels, resulting in pockets of inventory that drag down the bottom line. They just can't seem to match supply with demand. On this episode, we speak with Kevin Sterneckert, chief marketing officer with OrderDynamics, who explains how retailers got into this mess, and how they can escape it. No need for an exorcist: just a comprehensive approach to customer and inventory data, updated far more frequently than it is today. Hosted by Bob Bowman, Managing Editor of SupplyChainBrain.
Look for a new episode of the podcast, which can be downloaded or streamed, every Friday on the SupplyChainBrain website and iTunes.
The report, "Retailers and the Ghost Economy: The Haunting of Returns."
Stream or download podcast here
Timely, incisive articles delivered directly to your inbox.