Reviewing 5 Trends that will shape supply chain and logistics by 2016

5  trends that will shape   supply chain  and logistics by 2016

The next 5 tech frontiers : that will change the supply chain and logistics industry :

1)Algorithm, Remote and real time shipping : Powered by  drones, this technology is set to go where no man, machine or android has ever been before.. At the customers doors without a human waiting to deliver goods.
The development of drones has progressed much faster that users expected. Automated Drones with Remote sensing, using powerful algorithms, along with geo targeting,remote sensing capabilities will deliver packages to consumers in flat 60 mins
The top speed of a drone : 50 mph per hour while the max done payload is less than 5 LBS, at this capacity the drone can deliver 86% of Amazons inventory Trend :
How Soon :in very near future within 2-5 years

2)Same day delivery is now MUST ‘ In the early 2012, shipping time used to be one week as a standard. In 2012, around 50% of consumers felt ok to wait seven days ( a week for a package delivery) In 2014, only 35% felt ok with one week deliveries

How soon? An overwhelming 85% believe that same day delivery should be the norm by 2017-18

3)RFID zation of managing inventory by :The RFIP market is further set to grow with increasing consumer online buying.Another step towards industry moving toward internet of things , fuelled by increasing adoption of RFIDs, as they reach the point of sale quickly.An Idtechex research data show that RFID market will be up from $8.9billion in 2014 to $27.31 billion by 2024

4)Real vs Retail : The lines between retail stores and online stores  is soon to get blurred : Closer home online retail will have much bigger share of the wallet with more than 10% of all retail sales coming from internet by 2017

infographic: via

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5 Things Retailers hate to encounter

Running a retail business without using technology is more like locking horns with the bull. It can give you nightmares that you never imagined. Here is a list of 10 things that retailers never want to encounter.

1. An empty shelf of an important product– There are few products which sell like hotcakes in the retail space. And these same products are often missing on shelves. To this retailers can only surmise in retrospect about what went wrong.
2. Delay in delivery of much-awaited products– Sometimes there are issues of transportation or miscommunication that can lead to a plethora of problems in the supply chain. Hence, the much-awaited products are delayed which leads to losses on every front.
3. Expiry of products even before they get sold– There are products on shelves which do not sell at all. Often as a customer, we hate to even see them on shelves. Still no one seems to care about them. So with the passage of time, they get expired leading to your loss only.
4. Cluelessness on demand and supply– There is supply in accordance to the demand. And demand is volatile, so keeping a track of it is impossible.
5. Losing customers– All these mentioned problems leads in losing of customers which is the most dreaded experience for any retailer. This happens due to inventory mismanagement. And inventory is mismanaged because it is done manually. So taking the help of technology is a smart way of avoiding loss of the customer. Predictive analytics can be that saviour.

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Top 5 Consumer-driven Trends in Retail

The impact of Social Media– Social media platforms are now the determining factor behind sales of any brand.  Any word out on social media as tweet or post can make or break any brand.

The generation born in the 80s or 90s are setting the tone– The kids born in 80s and 90s are setting the tone for any brand. They are already profoundly shaping the consumer experience. Their spending power is one of the key factors in driving sales.

Personalized or Customized Preferences– Brands have now focussed their attention on personalization. Personalized products according to the choices of the customer are the hottest trend in the marketplace. Basically, the customer is the king and services are offered for him to cater his needs.

Applications on Smartphones– Peek into your smartphones, few clicks on the screen and you’ve successfully purchased the product. Applications have invigorated the shopping experience. From groceries to clothes, everything is available on smartphones. E-commerce websites have played a big role in shaping the popularity of shopping applications.

Big Data & Predictive Analytics– Big data is the massive amount of data that consumers are generating with every click and even physical movements in stores. The collected data can be analysed with the help of technology. Recent developments in predictive analytics have ensured the effectiveness of big data. Retigence Technologieshave developed such a technology in predictive analytics to handle the inventory problems that any supply chain faces. Retigence’s PRAN crunches the fed data to outline what to keep, what not to keep and how much to keep.;jl;ksnkl;kl;glsa

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State of Indian FMCG market : 5 trends for Marketers

 STATE OF INDIAN  FMCG MARKET:TOP 10 REVIEWS AND TRENDS

India FMCG Sector Report May 2014 from iimjobs.com

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