Cotiviti Retail

As the holiday season approaches, proactive inventory planning is keeping retailers well-prepared. NRF CEO Matthew Shay noted that retailers took steps as early as January to avoid potential delays from East and Gulf Coast port strikes. https://bit.ly/48jsD2U Retail Dive #procurement #SupplyChain

Despite growing uncertainties and economic pressures, the top technology trends for supply chain planning (SCP) leaders are implementing composite AI and managing supply chain data governance. https://bit.ly/4eQh8SH Material Handling & Logistics Magazine #SupplyChain #AI

Deloitte is predicting this year's holiday season will see a sales increase of between 2.3% and 3.3% year over year. The general concern is that retailers may be unable to fill positions. Details in Retail Dive: https://bit.ly/3ZRSEEf #retail #procurement

This year’s holiday comes with some optimism and some distractions. New research shows 57% of shoppers are feeling more positive this holiday season regarding their personal financial situation than last year. https://bit.ly/4eWrCQG Progressive Grocer #procurement #retail

UPS is boosting its healthcare logistics business through in-house expansion and outside acquisitions with a plan to double revenue by striking the proper balance between organic growth and inorganic growth. https://bit.ly/4eUwJ3z Supply Chain Dive #logistics #SupplyChain

Manifest 2025, scheduled for February 10-12 at The Venetian, will gather over 300 senior decision-makers across supply chain, logistics, and technology. The event will cover essential topics, including the impact of AI on supply chain operations, geopolitical risks, and strategies for sustainable procurement. https://bit.ly/3T7urps Supply & Demand Chain Executive #procurement #retail

Generative AI is pivotal in Walmart's strategy to enhance customer satisfaction. By improving over 850 million pieces of data in its product catalog, Walmart has achieved operational efficiencies that would have been impossible without this technology. https://bit.ly/3XkceY1 Retail Dive #SupplyChain #retail

JCPenney is making significant strides in its technology investments, committing over $1 billion by fiscal year 2025 to upgrade legacy systems and enhance its supply chain operations. These efforts are driven by integrating AI and machine learning and focusing on improving customer and employee experiences. https://bit.ly/4dE5Kct Supply Chain Dive #retail #SupplyChain

The shift in global supply chains is evident, with 73% of networks changing in the past two years. Resilience, agility, and flexibility now take precedence over cost-efficiency. The success rate of these changes is high, with 90% of organizations reporting that they have met or exceeded their expected benefits. https://bit.ly/3Z3MNvq Material Handling & Logistics Magazine #logistics #SupplyChain

The Future Supplier Initiative, backed by The Fashion Pact, Apparel Impact Institute, Guidehouse, and DBS Bank, will launch its pilot program in Bangladesh. The initiative aims to provide expertise in building technical proposals, lowering supplier lending risk, and implementing sustainability measures at more attractive rates. https://bit.ly/4bACLV7 Supply Chain Dive #grocery #SupplyChain