After a dramatic start of the year with rising inflation and high commodity prices, the global economy is now in the middle of a protracted Russia-Ukraine conflict. As a result of business interruptions, security concerns for their infrastructure, and theft or loss of critical data, supply chain suppliers face immense risks and pressure. Ransomware and […]
Since the pandemic, more than 25% of brick and mortar stores launched an eCommerce store. Experts now predict that by 2040, 95% of online purchases will be done via eCommerce. Source: WordStream The bottom line? Whether you have an online store or not, eCommerce is here to stay. If you don’t adapt to the eCommerce […]
The supply chain industry is going through a revolution right now, from AI-bots to autonomous delivery systems. For sustainable business growth, enterprises must understand the latest technologies and how to adopt them faster than the competition. Supply chain firms must continue to use technology as a strategic necessity. 61% of respondents in a recent Gartner […]
The world’s vision of the supply chain is being reshaped by shortages and extended lead times in practically every retail business. People seldom considered the supply chain before the crisis and Coronavirus (COVID-19) pandemic. The supply chain, on the other hand, has become a topic of conversation in both mainstream and social media. This tidal […]
Imagine savoring a freshly brewed coffee with your friend in a park. He mentions a new pair of sneakers that he likes and recommends trying them too. Immediately a set of sneakers appears in your peripheral vision. The images float by; he selects the styles and allows your AI assistant to refine your selection. You […]
McKinsey’s research suggests AI-enabled supply chain systems reduce costs by 15%, resulting in increased revenues. How can businesses use AI and ML to make smarter supply chain systems? Artificial intelligence (AI) and Machine Learning are being utilized to improve company operations and outcomes by seamlessly integrating into Business Functions. Currently, the most common uses are […]
There is little doubt that we are entering a new era of digital experiences and that the commerce systems and solutions required to support them must also evolve to keep up. This year has been a breakthrough year for online retail. In the previous 18 months, we’ve seen tremendous growth, driven by a radical shift […]
A recent study shows that 40% of B2B sales are driven by mobile devices. According to BigCommerce, the B2B eCommerce market size was estimated to be $6.7 trillion in 2020, and it is bound to increase exponentially in the coming years. It’s a sign that industry buyers want an easy, transparent, straightforward buying process. Plus, […]
Digital transformation is harbingering in a new era of supply chain management where customers & suppliers are bonding in unique ways, hazing the lines between the digital & physical world obliterating the organizational boundaries. Digital transformation is an inevitable revolution, shaped by various technological disruptions, including Big Data, 3D printing, AI, AR, and interaction between […]