Click here to download this report in PDF. The amount of data being collected and the ability to analyse it and provide more targeted customer propositions and better understand the drivers of value are key trends reshaping the future of retail. Retailers need to understand how to analyse the data collected to get a better understanding of their customers. This report looks in depth at what customers value, how they think about data and how retailers can use data to better manage customer engagement and pricing. While price might still be important, customers today also value convenience, speed of delivery and personalisation. Retailers need to know which factors different customers value the most and how to deliver them that value. Price is still key because it is more transparent, especially now that consumers can shop anywhere, anytime. Price transparency remains a critical element of the value mix, but needs to be considered alongside other values including customer satisfaction … [Read more...] about REPORT: Data and value in modern retail
Just in time inventory management
Matthew DeBord, provided by Published 1:37 pm CDT, Friday, November 2, 2018 Elon Musk spent over an hour on the Recode/Decode podcast, talking about Tesla. He offered what has become a familiar lecture about why Tesla has struggled with its auto-manufacturing supply chain. Everybody in the auto industry knows about the supply chain and takes it for granted. Musk, however, seems fixated on it. Recode/Decode podcast interview with Kara Swisher this week. In over an hour, he covered a lot of ground. It's worth a listen. I got through the whole thing, hearing all about how painful it was for Musk to work the 100-plus-hour weeks that were required to address the numerous problems with the fraught ramp-up for production of Tesla's Model 3 sedan. I shared Musk's pain — because, honestly, it's agonizing to listen to him endlessly repeat the same tales of woe about how difficult it is to assemble an automobile while working with modern supply chains. I feel as if he's hit … [Read more...] about Elon Musk needs to stop lecturing everybody about how hard it is for Tesla to build cars (TSLA)
Published April 12, 2018 Markets Motley Fool Facebook Twitter Comments Print During Constellation Brands' (NYSE: STZ) most recent earnings conference call, CEO Rob Sands noted that the company remained "the No. 1 high-end beer company and growth contributor to the U.S. beer category, outperforming the overall U.S. beer industry and all key competitors." When you achieve true scale in an industry and grow consistently at rates much higher than your peers, you start measuring yourself by how much of the industry's growth can be attributed to your products. Indeed, Constellation's success shows up in several places, from its total return price over the last five years (375%) to its healthy profit margins and vigorous cash flow. Let's look at changes in the company's balance sheet during its 2018 fiscal year (year ended Feb. 28, 2018), and review how these numbers reflect Constellation's recent fortunes -- as well as its trials and its ambitions. Continue … [Read more...] about What’s Changed in Constellation Brands’ Balance Sheet?
Climate change. Plastics polluting our oceans. Food insecurity and drought. These are issues on the minds of an increasing number of Americans. In a recent poll conducted by Pew Research Center, 74 percent of Americans agreed that our country should do whatever it takes to protect the environment. “The government should do everything they can,” said Daniel Horst, a recent graduate of the Bachelor of Applied Sciences program at Cascadia College. “They have a large amount of power to affect change at the individual level, and can make national policies and budgeting that could support a huge swath of environmental programming.” While Horst is passionate about the role that government should play in protecting our environment, he believes that citizens have the power to enact and affect lasting change as well. Bachelor of Applied Sciences in Sustainable Practices offered at Cascadia College in the Seattle suburb of Bothell is unique. How? It prepares students to … [Read more...] about Is a Career in Sustainability on Your Horizon?
caption They’ve got you hooked. source Scott Olson/Getty Images Retail is rife with strategies to get you to spend more, whether you’re shopping in a brick-and-mortar store or online. Retailers also have tricks to make you use up their products faster. Those tactics include offering free shipping, encouraging bulk purchases – and even making the holes in eye drop bottles bigger, so you run out fast. Retailers are smart. They know your weaknesses and how to capitalize on them. So every time you go shopping – online or IRL – you’re being taunted by infinite reasons to buy more, more, more. Below is a list of some of the most creative (and frankly, impressive) strategies stores use to make you overspend and run out of products faster. Read on to avoid getting tricked. They constantly change the location of products source Spencer Platt / Getty Images Can’t find … [Read more...] about 13 tricks retailers use in stores and online to make you overspend — and keep coming back for more