Strategic Inventory Optimization in Health, Beauty, and Wellness Retail Through Algorithmic Replenishment
Ryan, head of supply chain at a leading beauty retailer, thought he’d nailed the skincare order—all products were in high demand last summer, and he even adjusted the order for demand fluctuations in the last few months. However, even after two weeks, the products still lie on all major stores’ shelves. Overnight, the consumer buzz […]
Riding the Disruption Wave: Why Granular Forecasting Wins in Health, Beauty, and Wellness Retail
Earlier categorized under the standard umbrella of cosmetics, the sector has now branched into health, beauty, personal care, skin care, wellness, and more. What makes it a definite opportunity for retailers is the fact that the industry is about to hit the USD $580 billion mark by 2027. However, the opportunity doesn’t come sans challenges. […]
Navigating the Beauty Maze: AI’s Role in Retail and Supply Chain Planning
In the bustling world of health, beauty, and wellness retail, staying ahead of the curve is not just a strategy – it’s a necessity.
Mastering Success Amidst Product Cannibalization with AI-powered strategies
Ah, the joyous season is almost upon us, and retailers are donning their festive hats to prepare for the promotional whirlwind – scrambling to finalize the assortment and promotions for the season. Yet, amidst the tinsel and cheer, there’s a not-so-merry disruptor lurking—In-store product cannibalization. What exactly is this grinch-like phenomenon, how does it threaten […]