Chain Store Age’s Post

ALDI launches AI-based digital transformation initiative in U.S. | Chain Store Age #cre #commercialrealestate #goodmanre #ALDI #AI #digital #retail #retailnews #retailrealestate #retailindustry #grocery #technology

A Q4-2023 research study asked retailers and CPG companies about their supply chain plans for 2024. 53% said they planned to diversify suppliers. 46% said they planned to increase onshoring. Supply chain technology investment - 44% Increase automation - 43% AI is, as expected, top of mind with 50% saying they plan on using it for marketing and financial forecasting. Key benefit of AI is to replace repetitive, manual tasks. In addition, the report found that most executives are feeling optimistic about their 2024 business. Read the entire SupplyChainBrain article here. #humanstandard #logistics #forwarding

Discover how GenAI is transforming the supply chain and retail landscape forever in this insightful article by Tom Chapman with Supply Chain Digital. Laura Ritchey, CEO at Radial, shares her expertise on the dramatic impact of AI and automation in driving supply chain efficiencies while emphasizing the importance of careful implementation. Read more about our commitment to innovation and excellence in eCommerce fulfilment solutions: https://lnkd.in/gnc7U22n #Radial #SupplyChain #Retail #GenAI #ArtificialIntelligence #Innovation #Ecommerce #FulfilmentSolutions 

The competition ahead for modern retailers is certainly going to be tough, so what resources can companies unlock to succeed? Within the saturated, competitive market of retail, it is crucial that brands make themselves stand out. Here are some ways retailers can have optimized operations, efficient supply chain management, and increased sales: 1. Collaboration and data sharing between retailers and suppliers 2. Focus on product assortment, availability, visual presentation, and pricing 3. Customized approach based on data and analytics 4. #AI and machine learning implementation 5. Automate processes and make #data-driven decisions By implementing these strategies, retailers can navigate the evolving marketplace with confidence and secure their position in an increasingly competitive #retail environment.

GenAI can unlock insights retailers need to grow. https://okt.to/DHZagT #genai #RetailSupplyChains #economicchallenges #geopolitical #DHLGlobalForwarding #OrderManagementSolutions

The competition ahead for modern retailers is certainly going to be tough, so what resources can companies unlock to succeed? Collaboration and data sharing between retailers and suppliers can lead to optimized operations, efficient supply chain management, and increased sales. Focus on product assortment, availability, visual presentation, and pricing to enhance competitiveness, with a customized approach based on data and analytics. Additionally, automation, #AI, and machine learning are essential for inventory control, merchandising, and supplier relations in a highly competitive market. To remain competitive, retailers should look for opportunities to collaborate, automate processes, and make #data-driven decisions.

In a recent interview, Nabil Malouli SVP of Global Ecommerce and Returns at DHL Supply Chain, shared his thoughts and insights on the future of logistics, and how companies can adapt to the evolving industry. 𝘒𝘦𝘺 𝘛𝘢𝘬𝘦𝘢𝘸𝘢𝘺𝘴 -  🔹 Staying resilient and motivating teams through challenging times is crucial. Being on the frontline and understanding the business in detail are key. 🔹 Ecommerce growth and the shift to omnichannel are transforming the industry. Social commerce and cross-border ecommerce are emerging trends to watch. 🔹 AI, robotics, and automation are revolutionising fulfilment and returns. Embracing technology is essential for staying competitive. 🔹 Highlighting the critical role of logistics in delivering essential products, enhancing sustainability, and improving the consumer experience inspires teams and drives meaningful impact. Nabil emphasises the importance of focusing on opportunities rather than noise and leveraging technology to address key challenges. 📦 #Logistics #Ecommerce #Leadership #Technology #Sustainability #AI #Automation #supplychain

The survey reveals that mid-market retail and consumer packaged goods companies are planning to change their supply chain strategies. Key actions include diversifying supplier base, increasing onshoring, investing in supply chain technology, and implementing automation. AI is a top priority, with plans to invest in AI for marketing and financial forecasting. However, there is a lack of emphasis on supply chain sustainability. Overall, executives are optimistic about business, with a small percentage expecting sales to decrease. AI is seen as critical for future strategies, and companies that ignore it may fall behind. #AI #cpg #retail #supplychain

30% of global container trade passes through the Suez Canal, and the resulting shipping delays are upending global #supplychains. This is just one of the multiple disruptions that have affected global supply chains in recent years. As disruptions evolve, so do measures for proactively managing them with technology such as #generativeAI. Jill (Puleri) Standish, Accenture’s Global Retail Lead, shares insights on how generative AI can help #retail companies build supply chain #resilience to withstand future shocks and disruptions. https://lnkd.in/gZ5MUQv9

🌟 Exciting times in retail! Just read the great article by Jill (Puleri) Standish and Laurence Brenig-Jones about how 2024 is all about agility and innovation. AI, digital transformation, and sustainability are key. Can't wait to see how RELEX Solutions and Accenture bring these to life at NRF 2024. 🚀 #NRF24 #supplychain #retail #RELEX #Accenture Accenture RELEX Solutions