Enabling cost reductions will be key for retailers to attract today’s frugal consumer

We are proud to be in partnership with the Retail Supply Chain & Logistics Expo this year. The UK’s leading retail focused supply chain & logistics eventwill be returning and we couldn’t be more excited for them to open their doors for you yet again! Register for your FREE ticket TODAY.

Container xChange, the online container logistics platform, has released the Container LogTech predictions report for 2023, which highlights important global trends that the shipping and supply chain industry will witness in 2023. The report draws attention to some of the most pertinent issues that industry will witness this year thereby helping professionals to prepare better for navigation.

GEP, the provider of supply chain strategy, software, and services to Fortune 500 and Global 2000 enterprises worldwide, has launched GEP SMART, an AI-powered source-to-pay platform, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.

By Andrew Busby, Global Industry Retail Lead at Software AG.

Some have heralded 2023 as the year that next-generation technology like AR and VR. But even if the metaverse may start to take hold, the reality is that for most shoppers this level of day-to-day integration is way off. Instead, what customers are looking for is centred around cost, convenience, and conscious sustainability.

By Hannah Abbasi, Head of Insight & Strategy at Outform.

Smartphones have become a conundrum for retailers. On one hand they allow brands to plug every single piece of marketing communication into a ‘buy now’ opportunity. On the other hand - as Outform’s recent study into post-pandemic shopping habits revealed - consumers are using them in-store to make product comparisons against competitors.

By Mark Delaney, FourKites Vice President, Industry Strategy, Retail & CPG.

The slowdown in retail shipments is a sign of cautious consumer spending and retailers’ wish to salvage as much margin as they can by keeping inventories as low as possible. They’re walking a tight rope as they try to balance shopper demand with the hope to not have to slash prices after the holidays, kicking off what will likely be a tough year.

Click fraud protection service Polygraph is reminding advertisers not to rely on IP address blocking to prevent fake clicks, as blocking IP addresses will miss at least 95% of click fraud.

Millennials and Gen Z are driving the demand for Metaverse fashion with a fifth having already made a Non Fungible Token (NFT) fashion purchase, the latest research from Centra, the headless commerce platform for fashion and lifestyle brands, reveals.

New research from NTT DATA UK&I, the IT services provider for the retail industry, has uncovered the struggles that retailers had to battle with during Black Friday this year.

There are over 60 million eCommerce users in the UK alone (Source: Statista), meaning the vast majority of UK residents now shop online. When a new generation of tech-savvy kids start shopping, the industry will only expand further, so it’s crucial that online retailers continue to innovate if they want to keep growing too.