May 18, 2023
Via: Lilian CooperEffective inventory management is a critical aspect of retail marketing success. Poor inventory control can lead to stockouts, causing a loss in revenue by not meeting consumer demand. Fortunately, retailers can leverage many stock control techniques to maintain production levels […]
April 28, 2023
Via: Natalie DunnThe 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, […]
March 23, 2023
Via: Lilian CooperCustomer experience is critical for retail businesses to maximize their revenue and expand their customer base. In fact, 54% of experts confirm excellent customer care is imperative to build brand loyalty. A 2020 report by Forbes Insights and Treasure Data […]
February 27, 2023
Via: Natalie DunnThe retail sector continues to play a vital role in the American economy, driving growth, creating jobs, and supporting consumer spending. This boosts economic development, so it comes as no surprise that analysts and policymakers have started to voice concerns […]
January 23, 2023
Via: Natalie DunnThe retail industry has faced numerous challenges over the past two years. As the pandemic swept across the world, retailers had to adapt to a new way of shopping and new consumer behaviors. While the healthcare crisis began to ease […]
December 22, 2022
Via: Natalie DunnInflation 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 […]
November 30, 2022
Via: Isabella CarterSustainable change in food value chains has become essential to political, scientific, and economic discourse. In the US alone, about 108 billion pounds of food is wasted each year, according to the non-profit organization Feeding America. That represents approximately 130 […]
October 19, 2022
Via: Natalie DunnAs Americans prepare for the new holiday seasons, US retail sales are on the rise, pointing to resilient consumer demand. However, with important issues still plaguing the world, like the recent spike in the number of new COVID-19 cases in […]
October 11, 2022
Via: Joseph SaundersSince its inception, the global pandemic has continued to have a long-lasting impact on how we buy, work, and also how our businesses operate. As such, user behaviour has naturally evolved, leading to developments in customer experience (CX) to meet […]
September 30, 2022
Via: Natalie DunnThe COVID-19 pandemic undoubtedly changed the way people in the US and abroad live, work, and shop. While lockdowns and several other social distancing measures became an important part of the fight against the virus and the disease it spreads, […]
August 31, 2022
Via: Natalie DunnThere is no question about the fact that inflation comes with a wide variety of undesirable effects on the global economy. This year, inflation is affecting the US economy as well as other economies around the world, as it continues […]
July 19, 2022
Via: Natalie DunnInflation continues to rise in the US, having already reached a rate of 8.6% in May—the highest level seen in the last forty years according to the Labor Department. The consumer price index (CPI) for the same month shows that […]
June 22, 2022
Via: Natalie DunnGlobal supply chains have been severely disrupted by challenges related to the COVID-19 pandemic—including delays and port congestion—and as the global healthcare crisis started to wane, new issues (like Russia’s invasion of Ukraine) increased the pressure on retailers around the […]
May 23, 2022
Via: Natalie DunnAccording to the International Monetary Fund (IMF), Russia’s unjust war in Ukraine is having a negative impact on the global economy, contributing to a significant slowdown in global growth in 2022 and beyond. Moreover, problems fueled by the conflict are […]
April 25, 2022
Via: Nakisani JacobsAt the same time that the implications of the global pandemic have created difficulties for many, they have also sparked an opportunity for growth and change. One key area that has continued to evolve even as we return to a […]
April 20, 2022
Via: Nakisani JacobsThe capabilities of voice-enabled devices have evolved since the introduction of voice search, allowing consumers to conduct increasingly complex and accurate searches. Because of this, we are on the verge of not only a search revolution but also an eCommerce […]
April 19, 2022
Via: Natalie DunnIt comes as no surprise that there are concerns regarding the global economy after the pandemic, its subsequent continual lockdowns, and Russia’s invasion of Ukraine. Rising inflation and policy uncertainty is also plaguing the market, in addition to pre-existing problems […]
March 31, 2022
Via: Natalie DunnThe 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 28, 2022
Via: Natalie DunnAfter more than two years of an unprecedented healthcare crisis, the global economy is still showing signs of weakness. This comes as no surprise, considering the fact that the COVID-19 pandemic has disrupted the daily lives of people everywhere, changing […]
January 13, 2022
Via: Natalie DunnAlthough the winter holidays are essential for retailers around the world, the COVID-19 pandemic is still disrupting shopping habits and trends in retail. While many people had hoped that a return to normality will be possible this holiday season, the […]