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IHL Study: Inventory Distortion Will Cost Retailers $1.77 Trillion in 2023

Retail TouchPoints

A recent study by IHL Group projects that the global cost of inventory distortion in 2023 will be $1.77 IHL estimates the cost of ORC in the U.S. The report predicts that retailers could improve their gross margins by 25% or more by 2029 “if they were able to fully take advantage of all the benefits that AI can provide.”

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3 Ecommerce Logistics Trends that are Changing Retail Right Now

Retail TouchPoints

As ecommerce sales continue to grow, so does the focus on logistics, enabling retailers to meet the rising demand for shipping. trillion in 2029. By knowing exactly where products and inventories are at any given time, companies can make informed decisions about distribution and storage, minimizing waste and reducing costs.

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The Ultimate Guide to Print on Demand Statistics for 2023

Ecommerce Platforms

General Print on Demand Statistics for 2023 Promising minimal risk, excellent sustainability, and low start-up costs, print on demand has grown to be an extremely popular choice for creators around the world. By 2029, the industry is expected to be growing at a CAGR of approximately 31.5%, reaching a potential value of around $28 billion.

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How NFTs Can Fight Fraud and Increase Customer Loyalty

Omnisend

Depending on what kind of information the store makes available, the customer would also be able to see other information for those sneakers—where the materials were sourced, manufactured, handled, shipped, etc. When working with different brands, Real Items asks: “What’s your price point? Do we need to step up to NFC?

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33 best small business ideas to make money in 2023

Omnisend

You don’t have to keep stock or worry about logistics and shipping since everything happens online. You might also be required to compile expense reports to help businesses understand how they spend their money. In fact, the food delivery app industry is expected to grow to $320 billion by 2029.