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Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Rethink What’s Normal. Decentralize Procurement.
Retail Consumer expectations for personalized and seamless shopping journeys continue rising across retail channels. Fortunately, a multitude of use cases focused on computer vision and analytics are bringing new levels of customization and intelligence for retailers.
Balance supply chain risk and resilience with ROI. There are a few ways to balance supply chain risk and resilience with ROI: Diversification: One way to reduce risk is to diversify your supplier base so that you’re not relying on one supplier for all of your needs.
8] Additionally, “[t]he PPI program covers approximately 72 percent of the service sector’s output[.]” [9] The PPI focus is at the wholesale (not retail) level. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.” [50]
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