Technology is rapidly improving every aspect of our lives. Technology adds convenience to the lives of consumers, resulting in new challenges for retailers.
Many retailers have moved business online due to customer behavior trends and global circumstances. 2020 saw a 13.9% increase in online retail in the US alone. With the right technologies in place, companies can be more flexible in serving the market. In the US, ecommerce sales totaled US $792 billion last year. Globally, consumers bought US $4 trillion worth of goods online in 2020.
The significant increase in online retail changes a retailer’s needs. Retailers will need better ecommerce tools and ways to manage sales processes, inventory, and deliveries. Modern warehouses can address the needs of retailers and digital consumers. In many industries, companies incorporate AI to complete menial tasks. The development of AI means that software and robots can mimic aspects of human behavior. AI can be beneficial in recognizing patterns, completing tasks like compiling warehouse management reports , and making decisions. Ecommerce giant Amazon has already adopted smart warehouses and is reaping the rewards. Smart warehouses can improve order fulfillment for other retailers, too. What is a Smart Warehouse? A warehouse is a building […]
Above: PepsiCo food, snack, and beverage product line-up/Source: PepsiCo PepsiCo turned to tooling with 3D printing...