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The four trends defining online retail in 2024

Inside Retail

Thanks to rapid innovations in supply chain management, AI technology and digital marketing, e-commerce is increasingly playing an integral role in the lives of everyday Aussies. Four key trends stand out as high-growth opportunities for online retailers.

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Six Principles for Redefining Retail with Responsible AI

Retail TouchPoints

The role of such a committee — consisting of individuals from different departments and backgrounds — extends from supply chain management to customer interaction. This could include scenarios like the use of AI in targeted advertising, ensuring that algorithms don’t reinforce stereotypes or invade customer privacy.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. Supply-chain optimisation: It is reported that AI-driven supply-chain management can reduce errors by 20-50 per cent, decrease lost sales and product unavailability by up to 65 per cent, and lower warehousing costs by 5-10 per cent.

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How Artificial Intelligence is Reshaping Retail & CPG Marketing

RETAIL MANAGEMENT SOFTWARE

Pricing and Promotion Optimization AI takes center stage in maximizing revenue and competitiveness for retailers and CPG companies. Supply Chain Efficiency AI is also transforming supply chain management in the retail and CPG industries.

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The Search Game: Leveraging Share of Search on the Digital Shelf for eCommerce Dominance

Wiser

Things you can do: Partner with reliable logistics providers Offer multiple delivery options, including expedited shipping Implement robust supply chain management practices Promotions and Advertising Targeted promotions and advertising can significantly influence share of search.

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The Four Ps of Retail Business: Mastering the Basics of Retail for Your Business

Retail Minded

What Are the 4 Ps of Retail Management? The 4Ps of retail management are: product, place, price and promotion. Managing your inventory effectively is also crucial; it ensures that you have the right products available when your customers need them. Let’s dive into the details of each below!

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The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

By identifying customers as they enter a store, retailers can offer personalized greetings, promotions, and recommendations based on individual preferences and shopping histories. Advanced Supply Chain Management: AI will be critical in streamlining supply chain processes.