Fixed version: Introduction Imagine a retail business with shelves overflowing with unsold inventory, where storage costs eat into profits and customer demand remains a mystery, creating a challenging scenario for many retailers struggling to balance stock levels with sales performance.
In the fast-paced world of retail, where competition is fierce and margins are razor-thin, a silent crisis is costing the industry a staggering $1.73 trillion annually due to inventory distortion—a problem that includes both out-of-stocks and overstocks, representing 6.5% of global retail sales.
Understanding the Inventory Challenge in Retail Today Retailers today are grappling with unprecedented volatility, as economic uncertainties and geopolitical tensions cast long shadows over inventory management practices. From sudden supply chain disruptions to fluctuating consumer demand, the
Imagine a retail landscape where consumer demands shift overnight, technology reshapes every transaction, and sustainability is no longer a choice but a mandate—a reality that China's consumer goods industry faces today. This pressing context was the driving force behind CGF China Day, held on
I'm thrilled to sit down with Zainab Hussain, an e-commerce strategist with a deep background in customer engagement and operations management. With her extensive experience in retail and process optimization, Zainab brings a unique perspective on how emerging technologies like generative AI are
The retail landscape is undergoing a dramatic transformation as artificial intelligence (AI) converges with microservices architecture within Internet of Things (IoT) ecosystems, fundamentally altering how businesses manage everything from inventory to customer interactions. This powerful synergy
