May 2017 Archive

May 17, 2017
Supply Chain Management: It’s IoT Time

The Internet of Things (IoT) is making its way into every aspect of life. By 2021, 22.5 billion devices will be connected to the IoT, compared with 6.6 billion in 2016, according to a BI Global Intelligence survey. The world will invest $4.8 trillion in IoT technologies and products during that time, the company forecasts.

May 15, 2017
Your Shoes Will Be Printed Shortly (WSJ)

Because traditional manufacturing requires molds, casts and machining, it has high upfront costs. It’s great if you want to make a million of something, but not so great if you want fewer. What the 3-D printing business has finally figured out is how to speed up the process dramatically while also using cheaper and stronger materials.

May 12, 2017
As Department Stores Close, Stitch Fix Expands Online (NYT)

So far, Stitch Fix has found success where other online clothing start-ups have struggled. To the company’s founder, Katrina Lake, success comes down to delivering what consumers want: making it easier to shop. Data science plays a role in nearly every aspect of the business.

May 12, 2017
How Sephora Is Thriving Amid a Retail Crisis (NYT)

Sephora, which is owned by the French luxury conglomerate LVMH and has more than 2,300 locations in 33 countries, offers digitally savvy customers enough technological doodads and computer displays to make a Silicon Valley engineer blush.

May 12, 2017
Fashion’s move to immediacy has resulted in a shipping race

Not only does fast shipping meet customers’ new expectations, it also helps sales, which considering the rocky retail climate, is a major benefit. Faster delivery is linked to instant gratification, and for many retailers, it has helped lower the return rate.

May 10, 2017
Why Do Gas Station Prices Constantly Change? Blame the Algorithm (WSJ)

Retailers are using artificial-intelligence software to set optimal prices, testing textbook theories of competition; antitrust officials worry such systems raise prices for consumers