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Black Friday 2024: Why automation is critical for Australian retailers

Inside Retail

Building a future-proof tech stack To survive and thrive during Black Friday, retailers must invest in tech solutions that integrate seamlessly with their current systems – inventory management, CRMs, and shipping tools.

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Rethinking Returns: Innovative Strategies for Retailers to Drive Growth in 2024

Retail TouchPoints

Long viewed as a necessary evil, the retail returns process is emerging as an unexpected avenue for growth and customer engagement. In the rapidly expanding ecommerce market, projected to reach $3 billion in 2023, a significant 20% to 30% of online purchases end up being returned. Speed-to-restock is key in the returns cycle.

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How AI is Revolutionising the Retail Sector

Retail Focus

This helps retailers optimise inventory levels, staffing, and promotions for smoother operations and waste reduction. Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. It also allows retailers to tailor pricing at an individual level.

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How retail COOs are pursuing a seamless supply chain

Inside Retail

We have been focused on building out the convenience aspect, by providing customers with a price-value proposition through subscribe-and-save models, and over 2025 we will be doubling down on speed to market, to get faster in the click-to-delivery time. Tinyme COO Ben Hare said the company seeks to broaden its product range.

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How retail fulfilment innovations drive competitive advantage

Inside Retail

Technologies such as real-time inventory management, automated picking systems, and flexible fulfilment models are playing a key role in enhancing operational efficiency. Enhanced pick/pack precision minimises errors and returns, while smarter inventory management and order orchestration reduce inefficiencies.

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Sink or Swim: How Digital Transformation will Determine Company Success (or Failure) in 2025

Retail TouchPoints

Speed, consistent uptime and outstanding UX have emerged as non-negotiable elements for survival in todays fast-paced market. From 2018 to 2022, companies that embraced digital leadership saw average annual shareholder returns of 8.1% , compared to 4.9% The market is ruthless, and theres no more room for businesses to drag their feet.

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8 Key Ecommerce Automation Strategies That Drive Sustainable and Profitable Growth

Retail TouchPoints

Add the increasing CPC costs at all sorts of paid advertisement channels and harsher competition to that, and you get a not-so-rosy outlook for the market altogether. Email marketing. “Email marketing for ecommerce businesses is, without a doubt the most cost-effective way to advertise. But then it fell to 12.2%