The supply chains spanning the Atlantic and Gulf Coasts are facing a major disruption as 45,000 longshoremen have initiated a massive strike. This labor action has resulted in the closure of 36 major U.S. ports, affecting approximately half of the nation's imports. The strike stems from the
The retail industry is undergoing a significant transformation due to advancements in artificial intelligence (AI). Over the last 15 years, AI has gradually evolved within the sector, starting with AI-powered virtual assistants on major retail websites. Today, AI influences multiple facets of
In today's marketplace, it's common for consumers to encounter the same product being sold at different retailers, often at varying prices. This phenomenon can be perplexing, igniting questions about the reasons behind these discrepancies. The primary driver behind this trend is the practice of
Walmart Inc. is in the midst of modernizing its regional distribution center (RDC) network by incorporating innovative robotics and software automation technology from Symbotic LLC. This extensive initiative aims to revolutionize Walmart's supply chain and achieve a higher level of efficiency and
Artificial intelligence (AI) is revolutionizing various sectors globally, and Saudi Arabia's retail and e-commerce sectors are no exception. As the Kingdom strives to diversify its economy and embrace digital transformation, AI plays a critical role in shaping the future of shopping and consumer
Pepco Group, a notable European discount retailer with brands like Pepco, Dealz, and Poundland, recently reported a mixed financial performance for the fourth quarter of its fiscal year. The company achieved growth in overall fiscal year revenue through new store openings but encountered a drop in
