Grocery stores are constantly looking to increase their market share and revenue in the massive $600 billion industry in which they belong. Kroger is hoping to accomplish this by leveraging technology, services, and an expanded product line. These concerted efforts by Kroger are an attempt to entice consumers and make decisions to advance efficiency and…
The below is an excerpt from ES3’s “collaborate.grow.win. how smart devices create smart supply networks” whitepaper. Receive your copy today to understand the impacts of the convergence of the Internet of Things and the Physical Internet on retail’s future state. The Physical Internet provides a global framework for collaboration, enabling scale and cost-savings. Designed to…
“Webrooming” occurs when a customer researches or browses products online and ultimately buys in store; “showrooming” happens when a customer browses in store and buys online. Retailers apprehensively believed that “showrooming” would end their business at the start of the internet age. According to new research from Nielson, interestingly, 88% of U.S. consumers admit to…
Large and small manufacturers and retailers are turning to 3PLs to manage warehousing and transportation. This allows manufacturers and retailers to focus on their customers and the things that set them apart from their competitors. Additionally, 3PLs continue to expand service offerings to meet the changing needs presented by omni-channel businesses. U.S. 3PL Market Forecasted…
To most retailers and manufacturers, the word omni-channel is synonymous with complex. They see their supply networks splintering as they try to provide “seamless” experiences to their customers. Instead of splintering, companies need to aggregate. Manufacturers and retailers need to use facilities that can provide a full range of services. Manufacturers and retailers also need…
