Retail has a problem with employee engagement with nearly 35 percent of retail employees feeling disengaged. This is a big problem since, when an organization keeps people engaged, they have lower turnover, higher sales, and higher customer metrics.
The holiday rush is quickly approaching, and if last year is any indicator of what's ahead, retail sales are about to skyrocket. Many retailers will see big spikes in sales orders along with an increase in first-time shoppers on their e-commerce sites. Timely, accurate fulfillment will go a long way in turning these new customers into repeat customers who become loyal to your brand.
Forward thinking businesses are taking control and accepting responsibility for their packaging in order to elevate it from an ‘unwanted cost' to a value driving innovation, focused and committed to value creation as opposed to blind cost reduction.
When it comes to pricing, promotion, and consumer goods distribution services, the pinch that brands have felt from retailers in recent years is only getting tighter. As retailers themselves feel pressure to lower prices and offer service upgrades to remain competitive against e-commerce giants like Amazon, that pressure is passed down to their already-stretched suppliers.
Walmart has actively been adjusting its strategies to make its company leaner, more efficient, and more omni-channel friendly. As part of this move, the chain has announced a new merchandising services program that reduces to five the number of companies that can manage supplier displays and other services across its 4,600 store fleet.