Retailers around the world are deeply concerned about COVID-related government restrictions, and warn of impending catastrophic impact on turnover, profitability and sustainability.

As in any crisis, proper preparation and timely response to emerging challenges can make a huge difference. 

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2020 has been a year of many adversities. Businesses have been operating in very unstable conditions, and many departments may have suffered budget reallocations and spending cuts. Sustainability has become a key target for many businesses, while profitability is an ongoing concern. 2020 has been a year to remember, and not always for the best of reasons. With 2021 fast approaching, what should we expect to see?

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Efficient inventory management and replenishment have become a critical point for ensuring repeat business, financial stability and commercial success. In the same token, inefficient inventory management can result in increased operating costs, limited liquidity, loss of revenue and customer churn.

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Warehouse professionals declare a profound enthusiasm for the new and can’t wait to get their hands-on exciting innovations that will make the way they work simpler, faster, and better.
We are not quite there yet, but the market is far more mature than expected, and ready to embrace the new.

Read the article by Apostolos Theodoropoulos