To gain deeper insights into inventory management within this crucial sector, Netstock recently conducted a comprehensive inventory benchmark study focused on SMBs. The report based on the study’s findings highlights five emerging trends that emphasize the urgent need for SMBs to develop more robust inventory management strategies.

Artificial intelligence is offering new and better ways of making supply chains more sustainable, by improving efficiency, enhancing decision-making, and increasing transparency in operations.

The National Retail Federation projects $979-989 billion worth of retail sales in the U.S. during the November-December holiday season in 2024.

Supply chain leaders are increasingly turning to artificial intelligence to revolutionize their demand-forecasting and inventory-management strategies.

Stellantis said the decision was needed to manage output levels to better align with sales as it works to cull a stockpile of unsold vehicles.

In 2020, Myers Industries began looking for a way to integrate its planning function across six business groups serving multiple markets and product types. 

Distribution and warehouse professionals face another challenging period, with consumer behaviors changing faster than ever before.

While many recognize the need to upskill and reskill supply chain planners, most aren't placing enough emphasis on building planners’ confidence and giving them the space to innovate.

Most manufacturers believe they're prepared for supply chain disruptions because they have contingency plans in place. In reality, those plans are often fragmented and short-term in focus.

Adoption of artificial intelligence and other innovative technologies is still at a rudimentary stage for most companies, said speakers at DPW Amsterdam.