Ever since the pandemic hit, supply chain issues have abounded. Retailers bore the brunt of the news coverage, as shelves went barren for a host of reasons—not least demand shifts, panic buying, container shortages, and geopolitical concerns. These supply chain issues are estimated to have caused revenue losses of 5%–20% for some retailers. Often, once loyal customers switch brands or retailers rather than waiting months for products to come back in stock.

By tracking the average revenue per unit over a given period, AUR has become one of the most important metrics for e-commerce, department stores, and retailers of all sizes. Especially when compared with price intelligence, competitor sales, and other data, AUR helps retailers unlock crucial insights and even automate pricing strategies and inventory management, helping to drive more sales. Learn how Integrate.io can help you tap into metrics like AUR and how it can grow your business.

There is no doubt that eCommerce is a staple in the economy post-COVID, which is why omnichannel retail will continue to be a competitive advantage moving forward. Over the past decade, online shopping channels have transitioned from an attractive option to a requirement — but this is just the beginning. You can effectively collect, integrate, and act on customer data through greater business intelligence by implementing digital technologies into your overall retail strategy.

An organization can create revenue by monetizing its APIs. This retail digital platform strategy becomes extremely valuable when the APIs are used to build new products, create new business channels and new business models that generate income or other measurable value.

The pandemic has been unkind to many retailers, with customer expectations shifting seemingly overnight. During the great recession of 2008–2009, e-commerce grew, and brick-and-mortar retail declined. As the economic recovery took hold, that trend continued while off-price, discount, and emerging players succeeded by appealing to new consumer demands. For example, in January 2020, fast-paced home delivery was perceived as a unique selling point offered only by select stores.

Building an enterprise-class retail customer data warehouse

Our brand-new report examines the ever-evolving shopping industry, delving into the trends and challenges faced by mobile retailers. Read on to find out the state of the industry, the latest product trends and cutting-edge features, and the key Mobile DevOps practices used by some of the leading shopping apps.

I recently had the opportunity to attend and present at NRF’s Retail Converge Event. After a year of disruption, changing operations, and a new normaI for consumer behavior, several important topics came to the forefront for leading retailers. Here are my top five takeaways from the event: There is a heightened push to modernize supply chains.

With the never-ending potential of technology to disrupt everyday processes, more and more industries are deciding to adapt to one exciting area of innovation today: artificial intelligence (AI). In fact, Global Industry Analysts Inc. predicts that AI will be worth 164.03 billion GBP by 2026, and here, we look at four industries set to be disrupted by AI. Since the healthcare sector collects and greatly depends on personal data from their patients, AI will play a crucial role in data management.