In case the warehouse has limited stock :Don’t send more stock to the ‘best-performing store’. Send instead limited stock where you have the best chance of selling the particular SKU. Give stock without starving stores as much as possible. For instance, let’s say that the total stock required is 10 Read more…
Its Counter intuitive. But true.Ordering more than you actually need makes shortages worse. Typically, a retailer or manufacturer only orders as much as they think they can sell or consume until the next cycle begins. But sometimes a hot seller comes along, or you hear a part is going to Read more…
Having spent time in China, the e-commerce ecosystem there is a lot more multi sensorial (Point 4 below) than in West or even in India. Chinaβs retail architecture is based on the pillars of Social Commerce and Omnichannel. Language is a big issue. I believe that the e-commerce innovations in Read more…
The most popular mantra of retail used to be βLocation, Location, Locationβ.During pandemic times, retailers with best locations have shuttered shops or filed for bankruptcy.Why? New channels are coming up which were not there just a while back. For B2C, there are 2 channels that are becoming very prominent: Social Read more…
Oddly, 2020 turned out to be one of the best years in the overall retail sector in the past 20 years.Also, more than 27 retailers declared bankruptcy in the first nine months of the year.So if overall revenues are increasing, where have all the shoppers gone? In January, before the Read more…