Posts, Retail Order Management
Omnichannel Retail Strategy to Drive Future Order Profitability
As the COVID-19 vaccine rollout continues and the pandemic begins to stabilize, we’ll soon be entering into the next phase of retail. The number of online orders will likely decrease as stores reopen, but e-commerce sales will remain higher than pre-pandemic. The stores (and malls) that survived will become more experiential and customer focused. During…
Posts, Retail Order Management, Supply Chain
Are Storefront Retail Closures a Foregone Conclusion? Not Necessarily.
Traditional retail brick-and-mortar wasn’t exactly flourishing before the pandemic hit. In 2019, 9,300 stores shut down, including household brands like Forever 21, Walgreens, Payless and Gap. Those closures represented a 60% increase over the year before. Then COVID-19 threw a wrench into things. As 2020 continues to stress-test the economy, the list of retail chain…
Posts, Retail Order Management, Supply Chain
4 Ways to Prepare Your Retail Supply Chain for an Unpredictable Holiday Season
Retailers must deploy creative tactics to remain competitive, build customer loyalty and get a piece of the holiday pie. We’re sharing some strategies to help prepare your retail business for an unpredictable season.
Healthcare, Posts, Supply Chain
3 Symptoms of an Unhealthy Healthcare Supply Chain Strategy
For many executives the COVID-19 pandemic revealed cracks, gaps, and in some cases chasms, in their healthcare supply chain strategy, with vast shortages of personal protective equipment (PPE) and other supplies. While it took a pandemic to highlight these issues, they have in fact been plaguing the industry for quite some time in terms of…
Posts
Three WWII History Lessons for the Post-Pandemic Boom
Please enjoy this republication of a The Canadian Business Journal article. As COVID-19 sustains its grip on our lives and global economies, the blistering devastation of it all is taking center stage. Comparisons to World War II have been made by politicians around the globe, with world leaders scrambling to find a benchmark for the…
Posts, Retail Order Management
Post-Pandemic Retail: Lessons from SARS and the Success of Alibaba
The very best will understand the intricacies and demands of omnichannel and the unique requirements of online consumers who, in the years since SARS, have become uncompromising in their expectation of a unified buying journey.
Posts, Supply Chain, Warehouse Management
Warehouse Safety Stock: Balancing Inventory Levels vs. Risk
There are many risks you need to factor into your supply chain strategy. Safety stock has always played a vital role in protecting your organization. Whenever there is an increase in demand or a delay from your supplier, safety stock ensures your business continuality and customer satisfaction. With the advent of COVID-19 many organizations are…
Posts, Retail Order Management
The Rise and Staying Power of Curbside Pickup
With physical retail shopping on ice and comfort levels with in-store browsing likely to take some time to thaw, stores are jury-rigging alternative fulfillment channels that leverage their physical locations and personnel to offer social distant-friendly and contactless in-store and curbside pickup.
Healthcare, Posts, Supply Chain
The Journey to a Healthcare Consolidated Service Center
The dire shortage of critical medical supplies during the COVID-19 pandemic shined a massive spotlight on the need for healthcare providers to take control of their own supply chains rather than rely on third-party service providers or distributors. Supply chain professionals across the globe competing all at once to source products from suppliers, mostly based…
Posts
Marketing in the Time of COVID-19: The Importance of Authenticity
At the best of times, marketing is a delicate balance between mission and margin. It’s sharing your brand’s story through the value it delivers and sharpening why your company exists. In the context of a society scarred by a global pandemic, this delicate balance becomes even more fragile. Clear-cut programs have become negotiations in temperament…
Healthcare, Posts
Three Post-COVID-19 Outcomes Likely to Impact the Healthcare Industry
Six months ago, news of Trump’s possible impeachment, nestled between Epstein’s death and Weinstein’s conviction, held mindshare. Headlines included WeWork laying off workers and musings on a new IPO called Zoom. On April 20, oil dropped to less than $0 per barrel and Zoom’s stock more than doubled in value. A new concept of the…
Healthcare, Posts
How Healthcare Is Managing Unpredictability
Health systems are flexing their emergency preparedness muscles like never before. The unpredictability and power of COVID-19 is slowly unveiling which hospitals are prepared to manage a major epidemic. Although every health system conducts emergency preparedness training year-round, each organization builds a unique culture and strategy that works best for their organization. At Tecsys,…
Posts, Retail Order Management
Curbside Pickup Meaning and Benefits
Retailers will shutter if they do not take proactive steps to open new revenue streams. This is not meant to be alarmist; it is the stark reality that COVID-19 has placed on traditional retailers that have trailed omnichannel frontrunners who are better equipped to weather the closure of retail stores. With physical retail shopping on…
Posts, Retail Order Management
Retail Doesn’t Die When Stores Shut Down
Against the backdrop of COVID-19, retailers are scrambling to rewrite their playbooks and overcome challenges they had never imagined. Without foot traffic in the store, traditional retailers are looking for ways to modernize by giving shoppers new ways to buy their products.
