Twenty years after the launch of the commercial internet, most merchants still fail to optimize the online checkout experience for the customers who visit their virtual storefronts. The result is that they stand to lose as much as 36 percent of sales due to the frictions that remain from discovery through checkout. Merchants could lose additional sales during payment processing.
Early uses of big data were concentrated in two areas: customer segmentation/marketing effectiveness, and financial services, particularly in trading. Recently, supply chain has become the "next big thing."
Retailers are selling about 21 percent fewer items at full price this year compared to 2014, according to findings in DynamicAction's Holiday Retail Index.
As a company's supply chain grows, so does its exposure to risk. Experts recommend that companies periodically audit their supply chains to identify vulnerable links, but the value that such audits actually deliver is up for debate, for a variety of reasons.
Proposed regulations mandated by the Sanitary Food Transportation Act and the Food Safety Modernization Act hold powerful implications for the future of the cold chain industry. The business environment is shifting, and the proposed rule is just one piece of this changing landscape, as the industry experiences an overall increase in regulations, customer-required audits and augmented public pressure from food recalls.
The aerospace and defense (A&D) industry is poised to benefit from a surge in global commercial demand, along with the advent of new technologies, government acquisition reform and the use of analytics to manage “big data.” At the same time, manufacturers and suppliers face a number of challenges, including stricter regulations and the uncertainties that characterize the defense sector.
Amber Road, a provider of global trade management (GTM) software, has achieved ISO 9001:2008 recertification for its proprietary process for collecting, translating, interpreting and updating country-specific trade regulations.
Inspection Data Systems (IDS) has launched a series of enhanced reporting tools for its mobile inspection and cloud-based applications for truck fleets.