The age-old question for many business owners is how to reduce expenses without compromising product quality or customer satisfaction. It’s an important, but not necessarily straightforward, issue to tackle. On one hand, cutting costs can happen in a variety of ways. But on the flip side,
The role of technology and artificial intelligence (AI) in sustainable supply chain management is evolving rapidly, driven in part by the volatility introduced by the pandemic. For retailers, manufacturers, and suppliers in the e-commerce market, managing sudden fluctuations has become
With the growth of the resale market showing no signs of slowing, Poshmark has taken an ambitious step to streamline the process for sellers. The secondhand marketplace has recently integrated generative AI into its platform with a new tool called Smart List AI, designed to simplify and expedite
Best Buy, a leading player in the electronics retail industry, is poised to introduce a new digital platform, Best Buy Marketplace, this summer. This move marks a return to third-party marketplaces aimed at expanding the company's product assortment to offer a broader range across various
Retailers face a formidable challenge with returns siphoning off a staggering $743 billion from bottom lines in 2023. Addressing this issue requires rethinking traditional approaches, which often lean on rigid policies that risk alienating customers. Instead, the industry has an opportunity to
eBay has embarked on an innovative journey with the introduction of Operator, an AI assistant developed in collaboration with OpenAI, aiming to revolutionize the shopping and selling experience on its platform. Operator represents a significant leap in the field of artificial intelligence,
