Staying updated with the latest inventory management news is crucial for eCommerce managers to maintain a competitive edge. Keeping abreast of industry developments can help you implement best practices, leverage new technologies, and respond to market changes effectively.
Read on to learn about key inventory management news from July 2024.
GlobalData: Supply Chain Drives M&A Deals Amid Decline: (Supply Chain Digital)
Read about GlobalData’s latest report which highlights how supply chain-related mergers and acquisitions (M&A) deals reached $39 billion across 19 transactions in Q2 2024, despite high interest rates and slow economic growth.
AI-Powered Robot Aims To Slash Cost of E-Commerce Deliveries: (eCommerce Times)
Discover how an AI-powered robot developed by Ottonomy is set to reduce eCommerce delivery costs significantly. The robot uses advanced AI and sensors for autonomous navigation and efficient package delivery, addressing the growing demand for faster and cheaper delivery options.
Prime Day Drives $14.2 Billion In Spending, With Amazon The Big Winner: (Forbes)
Amazon’s 2024 Prime Day event resulted in record-breaking sales, driving $12.7 billion in spending over two days, marking a 6.1% increase from the previous year. Prime members globally purchased over 375 million products, with significant surges in categories like electronics and apparel. Discounts across various categories and the growing popularity of Buy Now Pay Later (BNPL) options contributed to the high sales volume.
55% of Gen Z have made an online purchase while browsing social media: (Retail Dive)
Gen Z shoppers are increasingly turning to social media platforms for product discovery, significantly influencing their purchasing decisions. This makes it a vital channel for retailers to engage this demographic. This shift underscores the growing importance of digital engagement and personalized marketing in capturing the attention of Gen Z shoppers.
FedEx Announces Further Expansion of its FedEx International Connect Plus Offering: (Logistics Management)
FedEx has announced the expansion of its FedEx International Connect Plus (FICP) service to include additional countries in the Asia Pacific, Middle East, and Africa (AMEA) regions. This move aims to enhance delivery options with competitive transit times and prices, providing eCommerce businesses with greater flexibility and efficiency in reaching global markets.
Streamline Your eCommerce Business with Multichannel Order Management: (Freestyle Software)
Find out how you can streamline your internal processes and transform your business with a multichannel order management system such as M.O.M.
Staying informed about the latest trends and developments in inventory management can help you keep your operations running smoothly and efficiently. Contact us for more information about how M.O.M. can help optimize your inventory management.
