How AI can put brands back on top

Reprint:  As seen in https://tbtech.co/innovativetech/artificial-intelligence/how-ai-can-put-brands-back-on-top

 

In the face of competition from private label, new brands and online fulfilment, which is stressing margins, consumer brands will need new ways to work with retail partners to optimise allocation and replenishment, says Alex Barnes from antuit.ai.

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Managing Inventory Shortages - From Toilet Paper to Grape-Nuts to ???

Shortages continue to be an ongoing story of this pandemic. Even Post's Grape-Nuts made news for their out-of-stock issues. What started as toilet paper, water, disinfectant wipes, coin shortage, aluminum shortage, found its way to Grape-Nuts, and computer chips. But these are the headlines. Underneath there are several companies dealing with supply shortages.

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Eliminating Supply Chain Pain Through Consumption Data

Where does it hurt? Everywhere.

We all knew that there were challenges because of supply chain disruptions, but one thing sums it up.1

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Listening to Retail Executives

In antuit.ai’s inaugural CAB meeting with over 20 executives from 12 retailers, we discussed key retail topics affecting retailers today, including the customer journey, AI/ML emergence, sustainability, and omnichannel. Here are the highlights.

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Finding Profit in Omnichannel

REPRINT:  As seen in:  https://risnews.com/finding-profit-omnichannel


New fulfillment options, safety protocols, and digital order volumes are squeezing retailers' margins. While the overall retail industry continues to grow, specific segments, such as fashion and consumer electronics, struggle under reduced sales and profits. For 2020, McKinsey & Co. projected a 93% drop in profitability for the fashion industry. With revenue still below 2019 levels and rising fulfillment costs, retailers need to improve margins and become more profitable through omnichannel investments.

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