Using tech and data to revolutionise retail

intelligent_supply_chain

Last week, our Head of IT Delivery, Chris Moran, was invited to attend the Business Cloud ‘Technology in Retail’ roundtable discussion where retailers and industry experts discussed how tech can be used to “add rocket fuel to retail”.

Innovation was a core theme throughout the discussion, with participants discussing the need to continue evolving and creating in order to thrive and grow, all while ensuring that the customer remains at the heart of their thinking; their raison d’etre.

While ecommerce continues to grow, physical stores haven’t fared so well – while it’s true that business rates need reform and headline rents perhaps need a rethink, opportunities for innovation on the UK high street haven’t been fully grasped. Innovation has come to a standstill and stores all too often can’t compete with the convenience and lower prices offered by ecommerce retailers. Technology could offer the answer for bricks and mortar retail – how can tech be used to provide an experience, to create something new?

At Advanced Supply Chain, we know how important continued innovation is – our business is built on it.

We exist to support retailers in exceeding the expectations of their customers, always advancing and moving forward, ahead of the game. Our bespoke technology keeps our customers ahead of their competitors, in what is an incredibly fast-moving retail environment, providing a completely visible end-to-end supply chain.

Data also offers us many new opportunities in terms of understanding consumer behaviour, delivering what customers are looking for and managing the supply chain more effectively to maximise efficiency and profit.

Continued innovation allows us to use technology to offer retailers a service that is way beyond anything that our competitors can offer – we design our processes and solutions to match what the customer needs, rather than having a generic, off-the-shelf offering which partially meets their needs, but with some compromises.

The retail industry isn’t in a place where compromise is acceptable – it’s an incredibly challenging trading environment.

It’s time to invest in technology and in harnessing and using data effectively – retailers that don’t do this not only can’t compete, they’re not even on the same playing field.

 

related news & views

image2

The Future of Retail

This month, the British Retail Consortium (BRC) released a report showing high street footfall is the lowest it has been in six years, with May 2019 demonstrating the steepest decline on record for both online and offline sales.

READ MORE
Claire_Webb_ASCG

Managing Director, Claire Webb, is interviewed in Warehouse & Logistics News

This week, Managing Director, Claire Webb, was interviewed for Warehouse & Logistics News. The feature delves into Claire's personal goals, what it's like to work at Advanced Supply Chain Group, her biggest achievements and more.

READ MORE
Social Card 1

The Fashion Economy Roundup

This week, we were proud to be featured in the first issue of The Times’ supplement, The Fashion Economy. The new supplement, which is published by Raconteur, has already bolstered itself as a fashion industry insider staple, tackling subjects such as supply chain tech, sustainability and reverse logistics.

READ MORE
This website uses cookies. By continuing to browse this site, you accept this policy. read more