Leaders

Micro fulfilment centers enhancing the retail sector

Published

1 year ago

January 19, 2023

Nimble fulfilment options become increasingly popular for retail industry leads

In an ever-competitive market streamlining the supply chain and getting products to customers faster should be top priority for any retailer.

Micro Fulfilment centers present a great opportunity to do so. These small-scale warehouses are generally located closer to consumers, often within city limits, and are designed to handle online orders for same-day or next-day delivery.

One company that is embracing this concept is Vicinity Centres, an Australian retail property group that owns and manages shopping centers across the country.

They are using their existing shopping centers as locations for micro fulfillment centers, which allows them to make the most of their existing infrastructure while also providing a new service to retailers.

This clever idea is beneficial for traditional retail customers as well. With the use of micro fulfilment centers, retailers are able to offer a wider range of products, as well as faster delivery times. This means that customers can enjoy a more convenient shopping experience, with the ability to order products online and have them delivered to their door quickly. Additionally, these centers are also able to handle online returns, which helps to reduce the amount of time customers spend on the return process.

Overall, micro fulfilment centers are changing the way we look at shopping centers, delivery services and the retail experience on the whole.

By embracing this new concept, retailers are getting products to customers faster while also providing a new service to the traditional retail customer.

The future of retail is moving towards this model with Vicinity Centres committed to utilising the idea to share unique experiences that enhance the point of sale and delivery experience into the future.

Ben Watson explains the potential and future of the space ahead of the Unified Summit 2023 which will unpack the best of Technology, Supply Chain and Retail at Federation Square in Melbourne on February 21st 2023.

Supply Chain Insights is sponsored by Manhattan Associates learn more here.

Leaders

Why a rapid response is paramount to cyber defence

Published

2 days ago

May 2, 2024

Nathan Langridge

As cyber attacks hit Australia every 7 minutes, a rapid response is crucial for affected companies.

As cyber attacks proliferate every seven minutes in Australia, reports indicate a worrying trend of escalating severity, urging companies to prioritise rapid response measures to mitigate potential damages.

Amidst this crisis, experts stress the criticality of immediate action for companies suspecting they’ve fallen victim, underscoring the need for a well-defined incident response plan.

Lucas Bressanutti, Crawford Cyber Lead and Forensic & Financial Accountant of Crawford & Company, shares his insights on the importance of a fast response to cyber attacks. #cyber attack #business #cyber resilience

Leaders

How to overcome imposter syndrome in the workplace

Published

1 week ago

April 24, 2024

ticker NEWS

Skilled professionals and entrepreneurs are facing impostor syndrome amidst increasing workforce demands.

A growing number of professionals and entrepreneurs are grappling with the overwhelming effects of impostor syndrome, fostering hidden feelings of inadequacy and fear of exposure despite their competence.

Despite their expertise and accomplishments, many professionals and entrepreneurs find themselves grappling with feelings of unworthiness and self-doubt. These sentiments, often hidden behind a facade of success, stem from a fear of being exposed as fraudulent or inadequate in their roles.

According to a recent study by Calabasus in 2021, a staggering 65% of professionals suffer from impostor syndrome, shedding light on the pervasive nature of this issue.

However, despite its prevalence, impostor syndrome remains one of the least discussed yet most impactful challenges facing professionals today, as highlighted by research from KPMG.

Suzana Mihajlovic, Director of Your2minds shares her insights on how to combat imposter syndrome.

Leaders

How to defend against fraud and cyberattacks

Published

2 weeks ago

April 18, 2024

ticker NEWS

In the face of escalating fraud and cyberattacks targeting Australian retailers, businesses are actively seeking solutions to combat this growing menace.

The sentiment among Australian consumers reflects growing concern regarding fraud in online shopping.

To address these challenges, businesses are exploring various strategies to bolster protection for both themselves and their customers against fraudulent activities.

Hayley Fisher, Country Manager for Australia & New Zealand at Adyen, sheds light on Adyen’s 2024 Retail Index findings, highlighting the shifting landscape of fraud attacks for Australian retailers. #money #fraud #cyberattacks