E-commerce businesses face significant financial implications due to inefficient inventory management practices. A report from IHL Group revealed inventory distortion (combined cost of out-of-stock and overstock) is projected to cost retailers $1.77 trillion worldwide...
Today’s customer retail habits are transforming from traditional shopping to online platforms. As the online shopping landscape continues to evolve, customers want to shop in the comfort of their homes while retaining a traditional shopping experience. Brands are...
India stands fourth in the global beauty market and is expected to grow by 40% by 2026. The rise of the cosmetic industry in India has gone through various transitions, and today, this growth is shaped by evolving consumer preferences, including a shift towards...
Deadstock, obsolete inventory, and damaged stock are some of the terms that give us a threat in a jiffy. While these circumstances possess the power to increase operational costs for retailers, poor management can lead to a huge loss of both inventory and...
