Retailers Expect a ‘Soft’ Peak Season

After the pandemic, how long will it take to get back to ‘normal’?

According to shipping experts, not until 2024. Even though the back-to-school season of 2023 offers signs of encouragement for retailers, the holiday season may still disappoint. Supply chains are stabilizing, but inventory depletions and restocking needs are uneven across industries. This year’s demand should be higher than last year’s but remain below trend. The uncertain demand for end items postpones the return to normalcy in the supply chain.


AI and OM: A Complicated Relationship

AI has ushered in a new era of possibilities.

Once confined to complex, industrial applications, AI is now becoming part of our everyday activities. Recent advances in AI-generated art and text have created many possibilities. Although the technology cannot fully replace humans yet, improvements are so rapid that we can expect a dramatic transformation of work in the near future. The challenge for organizations will be to harness AI’s capabilities while countering its negative, unintended consequences.

This post is intended to help […]

Eggs Cost Bakeries Too Much Dough

Bakeries across the U.S. have sought creative ways to operate amidst the challenge of soaring egg prices.

Some bakeries have dropped items that require more eggs as the raw ingredient.  Others have started selling by advance order only.  A few are thinking of sourcing eggs from lower price national vendors instead of local ones.  All are trying to keep operating without resorting to passing the price increase to customers.


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By |2023-01-27T06:38:27+00:00January 29, 2023|Tags: , , , |

Skimpflation

As inflation is impacting the prices of products, many organizations are looking for ways to cut costs. One such approach previously examined by OM in the News is the concept of shrinkflation, when companies reduce the size of the product. In many cases, customers don’t notice the change is size.

Now, instead of reducing the size of the product, some companies are changing the ingredients, choosing cheaper alternatives. This approach is being referred to as skimpflation.

One example of […]

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