American consumers prioritize risk-taking, adventure and living an exciting life when it comes to making purchases, according to global research by HSBC. This structural shift among U.S. consumers' purchasing habits is prompting companies to rethink existing marketing and business strategies.
Shoppers are increasingly leveraging buy online pickup in-store (BOPIS) to get their digital orders in their hands as quickly as possible, but many retailers are still struggling with the logistical challenges. Walmart's latest pilot might be the answer.
UPS, FedEx and the U.S. Postal Service are all projecting major growth in holiday shipping volume during the peak season, driven by the continued boom in ecommerce activity. UPS, for example, is projecting 700 million deliveries between Thanksgiving and the end of the year, a 14 percent increase over 2015.
The coming election will give the United States new lawmakers and a new president. But what does it mean for fast food, leisure cruises and bulldozers? As the nation's bitter, bizarre campaign season builds to its November conclusion, companies across a range of industries are using the election as a data point - sometimes as an excuse - to explain what's happening in their business.
Consumer spending rebounded strongly in September, rising the most in three months as incomes also improved, the Commerce Department said this week. The 0.5 percent jump in personal consumption expenditures provided momentum for a key driver of the U.S. economy heading into the year's final quarter and could push the Federal Reserve closer to another small interest rate hike.
If retail advisor Doug Stephens is to be believed, the term "store" someday will be remembered as a relic of the Industrial Revolution as our culture and technology enable transactions virtually anywhere, thanks to socially integrated buy buttons, mobile commerce and more. We've already seen a shift in the language of retail away from "stores" to "physical retail spaces," which Stephens told attendees at September's SAP Retail Forum is a better way to describe how retailers should think about their businesses as commerce channels proliferate.
Digital merchandising software company Coates Group has launched a virtual reality (VR) tool from a B2B perspective, allowing brands to physically see and develop new digital hardware and content within their own virtual store.
U.S. durable goods orders fell in September, confirming another weak quarter for business spending, but core capital goods showed some signs of a recovery. The Commerce Department said orders for items meant to last three years decreased $0.3bn, or 0.1 percent, to $227.3bn in September, following a 0.3 percent increase in August.
The constant flow of goods from Asia to the United States was briefly interrupted last month after Hanjin, the South Korean shipping line, filed for bankruptcy, stranding several dozen of its cargo ships on the high seas. It was a moment that made literal the stagnation of globalization.
The latest supply-chain news, analysis, trends and tools for executives in the consumer packaged goods industry. Learn how consumer packaged goods companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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