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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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Digital twins: The key to unlocking end-to-end supply chain growth

McKensey

Complexity, COVID-19, and competition have upended supply chain organizations. They can reignite revenue growth and deepen resilience by deploying AI-powered digital twins.

Supplies 139
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How transparency and traceability are reinventing the future of business

Work Life

But a growing number of companies view transparency in their supply chains and manufacturing processes as a competitive advantage, and they’re not waiting for regulators to mandate disclosures. Last week, GS1 US, a member of the GS1 standards-setting organization, convened its annual supply chain conference.

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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 104
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Not All Stories Have Happy Endings—For This Entrepreneur, It Was Still Worth It

Success

Although the brand overcame previous challenges during its dozen years in business, an abrupt and unexpected supply chain disruption due to the pandemic ultimately led Deer to cease operations in July. . K-DEER was one of the first brands to make and market printed activewear in 2010 before it became an established retail department. “I

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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. fit model and later worked for the denim designer and manufacturer by flying around the world to source products. That was in the mid-1990s. Before that, she was a Levi Strauss & Co.

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. Community tackles supply chain—from raw materials to partner companies along the production process.