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Think Tank
Retail: Page 44
Business impact of Digital Twins
Deloitte Consulting
A variety of Digital Twins are being created and leveraged across industries to improve business performance. Connect with two senior Deloitte Consulting leaders that have been helping their clients in this area for many years to learn more about the various types and uses of Digital Twins and the business impact they can have across an enterprise.
Trade War Looms as EU Announces Tariffs of Up to 38% on Chinese EVs
European manufacturers are also bracing themselves for retaliatory measures from China, in the form of a range of duties on its exports, including vehicles, but also other products.
'Lack of Trust' a Significant Barrier for Online Shoppers Ordering Across Borders
Over 90% of U.S. and U.K. online shoppers said they're concerned about a host of factors that come with buying from a seller in a different country.
Watch: Can Merchants Handle Soaring Volumes of E-Commerce Shipments?
The explosion of e-commerce activity set off by the COVID-19 pandemic is presenting merchants with the challenge of handling orders efficiently while meeting customer demands for speed, says Archita Prasad, vice president strategy with UPS Capital.
Watch: How Can Your WMS Flex When You're Growing Your Business?
When bringing on a new client, expanding into a new facility, or even opening a micro-fulfillment-based store, it's critical to have the flexibility in your warehouse management system that allows you to flex your operations as needed, says Chris O'Stean, vice president of solutions consulting at Softeon.
U.K. Clothing Exports Take Nosedive Since Brexit
Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.
The Trillion-Dollar Problem for Retailers: Not Having Clean Data
A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year
because of out-of-stock items.
CBP Intensifies Scrutiny of E-Commerce Shipments
Typically, the U.S. will allow shipments valued under $800 — known officially as Type 86 entries — to be imported without tax or duty payments.
EU Cracks Down on Temu Over Counterfeit Product Concerns
Temu has until the end of September to provide the EU with a risk assessment report on the sale of counterfeit goods and illegal products.
Nearly a Fifth of Tested Cotton Products Linked to Forced Labor in China
The U.S. banned all imports from Xinjiang — which supplies 20% of the world's cotton — in 2022, over allegations of forced labor.
U.S. Online Retailers Lose Billions to Returns Fraud in 2023
Claims and appeasement fraud surged by 1.5% year-over-year in 2023, with retailers estimating that 10.5% of all return claims were fraudulent.
U.S. Administration Unveils Steps to Protect Workers from Risks of AI
The Administration said these principles should be considered during the whole lifecycle of AI – from design to development, testing, training, deployment and use, oversight, and auditing.
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