With shoppers finding much of what they want online, the future of the brick-and-mortar store can seem bleak. Such major retailers as J.C. Penney, Lowe’s, Gap and Family Dollar, among many others, have announced plans to close at least some stores across the United States this year.
Typically slated for mid-July, Amazon Prime Day, an event promising two days of epic deals, will take place June 21-22 this year. Last year, third-party sellers scored a collective $3.5 billion in sales on Prime Day alone, making this event a key opportunity for small to medium sized brands in a variety of product categories.
Supply chain is one of the industries that are fast evolving. The changes in this sector are occasioned by the rising demand for efficiency by the customers and the ever-increasing competition from new entrants and established players who invest in technology. The industry always evolves to meet the needs of the global demand and in return, get huge benefits. With the new year around the corner, we take a moment to look at the technologies that you may be ignoring in this industry, leading to losses.
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