Top 10 Logistics Giants and Their Sustainability Goals
Delivering Responsibility: Top 10 Logistics Giants and Their Push for Sustainability The logistics industry is the backbone of global trade
U.S. online sales hit a record $9.8 billion, up 7.5% from last year.
Retailers faced a double challenge this Black Friday: they needed to entice buyers with deals and grappled with changes in how consumers finance their purchases. The surge in online spending, up by 7.5%, reflects a strategic consumer base, increasingly price-conscious and comfortable with mobile purchases.
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Retail giants are rethinking strategies as store card appeal wanes due to high-interest rates and shifting loyalty. Kohl's, for instance, launched a co-branded card with broader usage options. Others, like JCPenney, are tying card use to loyalty points and installment plans.
For Logistics?: The move towards online shopping and diverse payment options can affect demand patterns, inventory management, and distribution strategies.
The recent trends in retail discount deflation, as highlighted by a significant 15% price drop in various categories since mid-November, suggest that logistics professionals may need to prepare for a shift in inventory management and supply chain strategies. The decrease in consumer prices indicates a clearance of excess inventory, which could affect the demand forecasting and distribution plans for the coming year.
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