The WTO said October 5 that merchandise trade volumes would grow by just 0.8% in 2023, less than half of the 1.7% estimate that came in April.

A global manufacturer lacked real-time tracking capabilities, making it difficult to ensure the safe transportation of its products and meet customer expectations.

Highly seasonal demand across its network of warehouses left  this large e-commerce provider with a choice: Invest in a system that operates under capacity for most of the year, or one that can’t meet the peak volume. 

The algorithm allowed Amazon to improve its profit on items across numerous shopping categories, which caused competitors mimicking the retail giant to raise their prices.

With the omnichannel becoming the standard for fulfillment, decisions on allocation and replenishment become far more complicated than just meeting demand at the store level. 

Pavan Mahtani, general manager of returns with Veho, explains the complications that arise from the management of returns, along with solutions that can mitigate the cost for all involved.

The average shrink rate for the 2022 fiscal year grew to 1.6% from 1.4% in 2021, aligning with shrinkage rates seen in 2020 and 2019.

Even retailers who get it right in terms of technology investment and sourcing soon inevitably face growth challenges.

Digital customer engagement has emerged as a pivotal factor in maintaining a competitive edge, by improving the delivery experience, capturing customer feedback and reducing delivery costs.

The appeal only focuses on the voluntary suspension of importing rough diamonds, meaning Indian diamond manufacturers will be allowed to continue their operations without interruption.