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.
Powerful partners look to A.I focused future
Last year, the world was introduced to ChatGPT, a breakthrough AI capability that has taken the tech industry by storm. The potential for this innovative tool to transform the way we interact with machines is truly mind-blowing.
With this in mind, 6clicks, a global leader in governance, risk, and compliance software, has been working with ChatGPT for months to integrate it into their own AI engine, Hailey.
Ant Stevens and Louis Strauss, from 6clicks, are leading this integration effort and are excited to announce that Hailey is now equipped with ChatGPT’s advanced capabilities.
This integration has resulted in a powerful and innovative AI system that can perform amazing tasks. The combination of Hailey’s advanced algorithms and ChatGPT’s natural language processing abilities allow Hailey to understand and respond to users in a way that is intuitive and conversational.
Tackling the existing gender gap in the biotech sector
Skilling women researchers and nurturing women CEOs
Today’s society is very advanced – in so many ways.
From the cars people drive, to the way they communicate with one another, to the places people can travel to – and how they can get there.
But unfortunately, gender disparity is still evident for female CEOs, particularly in the Biotech sector.
Most people know that gender inequality still exists in some form, but often no action is taken to change it. With women being underrepresented, it might be having a negative impact on the overall outcomes.
“In order to run a company, one has to be worth more than just their research capabilities, there’s lots of more skills that are necessary,” Dr. Zeenia Kaul from Reheva Biosciences reveals. “During my training as a researcher, I was not necessarily offered an opportunity to learn those skills.
“I had to learn them on job.
“Some of the skills necessary to run a successful biotech startup or business are very different.
“As a scientist, I should be able to read a balance sheet and understand what it means for my business.
“I was very fortunate to have business education that allowed me to get the skillset and have a co-founder who had started companies and expanded them.”
Cure Brain Cancer Foundation CEO Lance Kawaguchi reveals a similar tale of not many females being – or becoming CEOs – in the sector.
“When I joined the not-for-profit sector two years ago, I didn’t really see any women CEOs,” Kawaguchi adds. “That’s why I wanted to make sure that all the funds that we raised, are going to be dispersed based off merit, not on gender.”
So, how can change be facilitated, not only in the sector but across the board?
“I want to create an ecosystem, so that the biotechs are provided with the commercial experience of how to do intellectual property (IP) law; how to read a balance sheet when you’re doing a debt deal,” Kawaguchi asserts.
“I find many of the researchers, brilliant as they are, don’t have the finance or the business acumen.
“And that’s one thing I’m trying to provide – not only the funding, but also the support to fill in the gaps, to help them progress through each phase,” he says.
Another major obstacle that Kawaguchi points out is the lack of funding given to some companies at Phase zero, especially those startups that don’t have a track record of successful venture capital raises.
“How do you get a track record if you’re not given an opportunity?” he posits. “The more we can support that Phase zero phase or Phase one research, the more shots on goal.
“And this is how we get more from the bench to the bedside – by supporting the front end of the pipeline.”
Frequent Flyer Points: The Key to Confirmed Business Class Flights?
Increase of frequent flyer programs offered by airlines creates achievable and comfortable travel
It is becoming more apparent that the days of hoping for an upgrade when flying are gone.
With the increasing popularity of frequent flyer programs, more and more people are taking advantage of their accumulated points to secure confirmed business class flights.
The beauty of this trend is that it eliminates the risk of having to settle for a less comfortable economy class seat.
Flyers have found that they can redeem their points for business class tickets on a number of airlines, including some of the world’s most well-known carriers.
This allows them to enjoy the many benefits of a premium cabin, such as extra legroom, luxurious seating, and gourmet meals.
It also means that they can arrive at their destination refreshed and ready for business or leisure.
Steve Hui, also known as The Points Whisperer, is assisting his clients with his flight concierge service to help them turn their points into confirmed business class flights, by-passing the risk of hoping for an upgrade.
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