As China, South Korea, Singapore, and Taiwan are reopening their stores after COVID-19, what can US fashion retailers learn from their experience and apply to their own business? Unfortunately, there’s some good and bad.
Retail and CPG companies are now working overtime to maintain inventory supply and minimize shortages despite wildly erratic consumer behavior. Thanks to advances in planning and order optimization, real-time adjustments to major swings in demand, like nationwide school closings and shifts to online buying, are more easily executed. Nevertheless, this has meant long hours for everyone - from the manufacturer, to the planner, to store distribution teams - and every time a basic staple reappears on the shelf or online, we consumers appreciate it.
AI can improve customer loyalty, increase turns, improve stock-to-sales, and drive profitability through understanding demand patterns that inform intelligent clustering, assortment profiling, and assortment optimization. In this short video, Alex Barnes highlights some retail challenges and how antuit.ai uniquely solves them. Watch the 1-minute summary video.
AI is rapidly disrupting retail & merchandising operations, not only adding productivity but unleashing human innovation and creativity. In this short video presentation, Yogesh Kulkarni and Kaushik Katari, explain how antuit.ai uniquely brings AI solutions to users to solve retail challenges throughout the product lifecycle. Watch the 1-minute summary video.
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