Tag: COVID-19

July 17, 2024

FTI Consulting research has charted the continued e-commerce growth in the years following the beginning of the COVID-19 pandemic. In 2022, the firm predicted that e-commerce sales would exceed $1.07 trillion, a milestone it had previously projected would occur in […]

April 28, 2023

The US economy has faced several disruptions in 2023, including the ongoing Russia-Ukraine conflict, surging inflation, and rapidly increasing interest rates. However, retail businesses are no strangers to such challenges, having evolved through the COVID-19 pandemic. As confirmed by SpringML, […]

December 22, 2022

Inflation remains one of the most important issues facing the US economy at the moment. According to Statista, US prices rose 8.2 percent in September, compared to the corresponding month in 2021. The monthly inflation rate for American goods and […]

August 4, 2022

High street retailer Next has revealed its online shopping has grounded to a halt, whilst in-store retail has had a “renaissance”. As retail sales recovered from the Covid-19 pandemic, online growth reverted back to its longer term trajectory, the retailer […]

May 9, 2022

The COVID-19 pandemic has undoubtedly accelerated shifts in consumer behavior and expectations, and not many have been as dramatic as the explosive rise of ecommerce. Perhaps one of the biggest pain points brands have struggled with in ecommerce over the […]

May 6, 2022

There is no letup in sight to the supply chain troubles plaguing retailers and brands. At Under Armour, the company is working with vendors and customers to cancel planned orders affected specifically by supply chain delays, capacity issues and “emergent […]

April 20, 2022

Spring spurs homeowners to tackle fresh projects with new tools and materials. For Lowe’s to fulfill this incoming demand amid global supply chain challenges, it had to take on a renovation project of its own. “Just like any other company […]

April 18, 2022

2020 shocked. 2021 reset. 2022, and beyond, will define. Retail’s next frontier promises infinite possibility – but it won’t be for everyone. Moves made today will decide retail’s leaders versus laggards. Which will you be? According to Verizon’s CEO, Hans […]

April 14, 2022

After increasing hourly wages and expanding its fulfillment network last year to meet a surge in demand, Amazon said in its recent announcement to sellers that it had “expected a return to normalcy” from elevated costs in 2022 as COVID-19 […]

April 12, 2022

Customer demand for environmentally-friendly offerings has been on the rise for years, but its market hold is now so strong that not even the COVID-19 pandemic managed to slow the trend down. The 2021 Global Sustainability Study authored by Simon-Kucher […]

April 6, 2022

The COVID-19 pandemic has left supply chains around the world with numerous cracks. The disruptions and crises it has caused have revealed deep fault lines in both leadership and business operations. Covid has put digital disruption on fast forward, challenging […]

March 31, 2022

The global economy is struggling to adapt to yet another crisis, after Russia decided to invade their neighboring country, Ukraine. According to the United Nations, almost 3.5 million people have already left the country now invaded by Russian forces, and […]

February 8, 2022

Over the last two years, COVID-19 upended life globally. One large impact was reduced demand for in-person experiences such as travel, dining, and even shopping. Consumers relied more on e-commerce, accelerating a steady, long-term trend. In research ChannelAdvisor conducted last […]

January 26, 2022

The initiatives are part of the company’s shift toward “building a digital-first supply chain to power Nike’s more direct, faster and precise service of consumers, all while prioritizing sustainability,” COO Andrew Campion said in a statement. Nike lost three months […]

January 20, 2022

The COVID-19 pandemic forced retailers to improvise and rapidly implement sweeping changes as they struggled to survive. Now, the chaos is gradually giving way to a new order, and as they look to 2022, many businesses are finally hoping for […]

January 4, 2022

Hugo Boss is expanding its production closer to its home base in Europe to lessen its dependence on South-East Asia. The move comes as global supply chain issues have hampered the retail sector in tandem with the pandemic over the […]

January 4, 2022

Ikea has confirmed it has increased prices of its products across all 22 UK stores, with some popular items up by 50%. The Swedish company said prices have gone up by 10% on average, above the global average of 9%. […]

December 28, 2021

Retail is undergoing an unprecedented transition. Ecommerce has been on the rise, and then COVID-19 happened, rocking the industry to its core as stores around the world closed and online sales skyrocketed. Amid all of these changes, sustainability has moved […]

December 14, 2021

When the COVID-19 pandemic hit the world, retail supply chain executives came to the painful realization that traditional forecasting models based on historical sales data were insufficient in predicting sales and demand. As demand for many items fluctuated (dramatically decreasing […]

November 16, 2021

On September 9, President Joe Biden announced a series of proposals to combat the COVID-19 pandemic more aggressively, including new federal safety regulations that call for businesses with more than 100 workers to require vaccinations against the coronavirus. This will […]