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Technology: Page 555
Either Retail Industry Evolves with Today's Consumer -- or It Dies
Coming out of the Retail Value Chain Federation Fall Conference, it was clear that retailers, merchandise suppliers and even service providers are facing a do-or-die situation. It's a simple choice – adapt to meet the needs of today's consumer or become obsolete. Period. That means optimizing drop ship and direct-to-consumer operations, practicing strategic trading partner relationship management, expanding into untapped markets, and increasing face-to-face collaboration. -Kim Zablocky, Founder and Chairman, Retail Value Chain Federation (RVCF)
The Path Forward for Agility
Sales and operations planning. So important, yet success is so elusive. While many companies approach S&OP as a technology implementation, success requires a focus on 60 percent culture, 30 percent process and 10 percent technology. Companies cannot get to success without technology, but it cannot be the primary focus. A successful implementation can improve agility by 25 percent to 35 percent. -Lora Cecere, Founder, Supply Chain Insights
Humans Slapped and Shouted at Robot Cars in Two of Six DMV Crash Reports This Year
The human response to possible takeover by robot overlords is off to a troubling start.
Neiman Marcus Turns to Technology to Solve Home-Delivery 'Exceptions'
Neiman Marcus Group Ltd. is trying to remove the pain from growing online sales that trigger big, bulky items and high financial stakes for the retailer.
Meet the Woman Advising the World's Top Blockchain Companies
The blockchain landscape is commanding an increasing amount of attention. With more first-time companies and applications vying for ICOs, interest in the long-term viabilities of technologies based on the blockchain is also growing.
Global Alarm Bells Sound Over Full-Blown Trade War
Fears of the first full-scale tariff war since the 1930s have been raised by the head of the World Trade Organisation, in a direct warning to Donald Trump that his proposed levies on steel and aluminium will trigger a domino effect that will lead to global recession.
Bit by Bit, Whole Foods Gets an Amazon Touch
Some signs are subtle, like the “Whole Foods + Amazon” one near the bananas. Others are more obvious, like the kiosk with Amazon devices for sale.
Robots Will Soon Be In The Store Helping to Fulfill Orders
As retailers continue to compete with e-commerce, they remain challenged in optimizing the use of in-store inventory as available to fulfill. The emergence of safe, mobile robots will help retailers to make better use of in-store inventory, while also enhancing the customer experience. Robots in the store will soon be used to not only handle product but to engage with the customer to improve customer service. -John Santagate, Research Director, IDC
A Complete Supply Chain Transformation From Push to Demand-Pull
Until 2001, the world of supply chain management, especially in retail, had been driven by what we call the "push system," a very linear and slow-to-move-forward process. This approach, historically in retail, has been driven by an antiquated "middleman & merchandising" model involving "The Show", followed by design, material planning, production, then pushing product to stores, in anticipation of a "one season" market. A process fraught with risk to the bottom line. -Gregory L. Schlegel, Founder, The Supply Chain Risk Management Consortium, Executive-in-Residence, Center for Supply Chain Research, Lehigh University
Airbus May Stock Up on Aircraft Parts to Avoid Brexit Delays
Airbus SE may need to stock up on the parts it needs to build wings at its U.K. plants to avoid the risk of delays to deliveries once Britain formally leaves the European Union.
Retailers Use Gun Controls to Make Policy Statement and Manage Image, Experts Say
Three major U.S. retailers voluntarily restricted gun sales to make a policy statement and manage their image with consumers in the aftermath of the Florida school massacre, marketing experts said Thursday.
Kohl’s Has a New Plan to Get You Into Its Stores: Groceries
Less is more, Kohl’s executives are finding, as the department-store chain continues to shrink its locations and whittle down the items in its stores.
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