151 results found
Using Data Analytics to Unlock True Profit Potential Across Not-For-Resale Expenses

Using Data Analytics to Unlock True Profit Potential Across Not-For-Resale Expenses

Goods-Not-For-Resale (GNFR) expenses can represent up to 20% of revenue for Retail and CPG companies. This reservoir of costs presents an untapped opportunity for businesses to improve profit potential as we emerge from the pandemic. However, uncovering GNFR cost savings through Spend and Data analytics remains widely under-utilized across the Retail and CPG industry. While leaders acknowledge that Data Analytics can help, they’re just not sure how to gather, interpret, and act on that valuable information.

Tackling Returns Ahead of Holiday 2021: Technology-Driven Strategies To Protect the Bottom Line

Tackling Returns Ahead of Holiday 2021: Technology-Driven Strategies To Protect the Bottom Line

The last 16 months have impacted the way consumers shop permanently, with the rise of e-commerce presenting a particular challenge for how retailers manage returns. As the world settles into a new normal, New Retail is set to stick, and retailer strategies to reduce and manage returns effectively during the holiday season will be even more important to protect the bottom line.

Age of Precision Category Management: Using Hyper-Localized Assortment Optimization to Meet Shopper Demand

Age of Precision Category Management: Using Hyper-Localized Assortment Optimization to Meet Shopper Demand

The age of precision category management is upon us. Effective assortment and space localization can be a very challenging task for CPG companies and retailers, but if done right with the right methods, the incremental value generated is significant. Whether they are using a cluster approach or not, the ability for retailers and CPG companies to leverage store-level data in new ways opens up new opportunities to have the right product assortment to meet shopper demand across any store

Data-Driven Collaboration: The Missing Link to Achieving Operational Efficiency

Data-Driven Collaboration: The Missing Link to Achieving Operational Efficiency

Traditionally, quality and compliance operations across the supply chain have run on manual, disconnected processes. Even where digitization occurs, the lack of standardization and centralization of data means that information sharing between key stakeholders is delayed and inconsistent. Access to accurate and trustworthy data is only possible when all stakeholders participate in the same network.

Reducing Your Environmental Impact with Returns Technology

Reducing Your Environmental Impact with Returns Technology

Fast and easy product returns have become a staple of e-commerce: But what is the cost to our planet? Each return leaves a trail of carbon emissions while billions of pounds of returned products and packaging waste are filling up landfills. As businesses look for cost-effective opportunities to address their contributions to climate change, returns reduction provides multiple avenues for retailers to both support sustainability initiatives as well as recoup lost revenue.

Why Returns Cost Businesses and the Environment

Why Returns Cost Businesses and the Environment

On Monday, April 12 at 11:00 am Eastern, Coresight Research is hosted a media and influencer lunch discussing our new report, Why Returns Cost Businesses and the Environment, on the far-ranging impacts of the pandemic on returns, and the importance of recognizing how returns and sustainability are intertwined.

Fact or Fiction: What You Need to Know About Physical Retail

Fact or Fiction: What You Need to Know About Physical Retail

Have you heard the familiar narrative, “Another retailer shrinks their brick & mortar footprint”, “Ecommerce is the way forward” or “Physical is too expensive”? These are some of the prominent headlines occupying the narrative of the retail community today. But have these theories been tested? Are they proven? What should brands consider for the future of their store strategies when the pandemic caused a surge in ecommerce sales?

Setting the Pace: Retail Trends to Watch in 2021

Setting the Pace: Retail Trends to Watch in 2021

With the relaxing of shelter-in-place restrictions happening across the US, more and more businesses are reopening and welcoming back excited shoppers. These cautious consumers are returning to restaurants, salons, and malls, but they remain selective in their outdoor activities, as e-commerce and online purchasing has generally held across sectors.

Coresight Innovator Showcase: Innovation Across the Retail Value Chain

Coresight Innovator Showcase: Innovation Across the Retail Value Chain

In the current and post COVID-19 world, innovation is paramount; however, it can’t come at the cost of an organization’s efficiency. The accelerated digitalization and uptake of new technologies can help businesses thrive in the new normal. Coresight has tapped a global network of Innovators to curate 6 companies that are providing solutions to the most pressing topics in retail today.