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From blueprint to breakthrough: How AI and automation can transform the consumer enterprise

McKensey

Let’s say a retail merchandiser starts the process of analyzing scores of sales data and making recommendations for stock adjustments. In fact, consumer-packaged-goods (CPG) and retail companies that lead in digital and AI are already showing three times greater total shareholder returns compared with their peers in the sector.

Retail 72
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How transparency and traceability are reinventing the future of business

Work Life

Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. Last week, GS1 US, a member of the GS1 standards-setting organization, convened its annual supply chain conference. Hello and welcome to Modern CEO! and Fast Company.

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Walmart to give workers bonuses and train them for trade jobs

Work Life

stores and supply networks that will give them an opportunity to move into roles in facilities maintenance, refrigeration, heating, ventilation and air conditioning, and automation. The retailer said that $87,500 had been the average that new truck drivers could make in their first year. Anne D’Innocenzio AP Retail Writer

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How to Partner with a Rival for a Win-Win

Success

Blue Moon Fair Trade partners with three other fair-trade retailers to combine trans-Pacific shipments, saving all of them up to 40% in shipping and paperwork expenses. Results: As of 2018, there were 11 retailers within Minnehaha Mile proper. In 2013, I opened my retail store in a blighted commercial corridor.

Retail 105
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Oh, Mexico: A Burned-Out CEO Turns a Ranch into a Retreat

Success

Burned out from a career in retail, Lisa Harper sought refuge in sleepy coastal towns on the Baja California peninsula in Mexico. A seasoned jet-setter, Harper had worked in leadership roles at The Limited as vice president of merchandising and design, Gymboree as chair and CEO, and Belk as CEO. That was in the mid-1990s.

Retail 98
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Nancy Mahon is tackling sustainability from every angle

Work Life

So, Mahon set her sights on emissions from the company’s supply chain. Recently, ELC became the first beauty company to join the Supplier Leadership on Climate Transition (Supplier LOCT) , which helps suppliers understand and cut their emissions. Your relationship with your suppliers.

Retail 98
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Everything You Need to Know About B Corps and How They Can Drive Positive Change Globally

Success

Since its inception, the B Corp movement has grown exponentially, with more than 8,900 certified businesses in more than 101 countries, spanning 162 industries from retail and manufacturing to finance and technology. Everything is rigorously audited: I’m talking from our CEO to office supplies and where our energy comes from,” she stresses.