Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Leaders

Micro fulfilment centers enhancing the retail sector

Published

on

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.

Continue Reading

Leaders

Startup myths and mistakes: navigating the path to success

Published

on

Starting a business is full of challenges, and with a high failure rate, entrepreneurs often face significant pressure – so what are some common myths and mistakes?

When launching a new business, founders encounter numerous challenges and often battle against discouraging odds.

With statistics showing a 70-75% chance of failure, the startup world can be daunting.

Alongside the inherent difficulties, many entrepreneurs fall prey to common misconceptions that can hinder growth and long-term success.

MYTH: VENTURE CAPITAL

One of the biggest myths surrounds the necessity of raising significant venture capital at the outset.

Although securing funding may appear to be a fast track to success, it can sometimes stifle business development.

MYTH: APLHA LEADERSHIP

Contrary to the aggressive “alpha” image, research suggests that empathy and collaboration are far more effective.

Entrepreneurs are also misled by the notion that ruthless tactics yield success.

In reality, founders who uphold strong ethical standards typically perform better than those using cutthroat strategies.

These insights come from a conversation with David Sinkinson the co-author of Startup Different, a book and podcast that tackles startup myths and guide entrepreneurs through the realities of building a sustainable business.

Continue Reading

Leaders

Experts report that AI is boosting SMB Growth despite implementation hurdles

Published

on

As small and medium-sized businesses (SMBs) embrace artificial intelligence, many struggle to identify clear strategies amidst rapidly changing technology.

As artificial intelligence continues to transform industries, small and medium businesses (SMBs) are increasingly drawn to its potential for growth.

However, for many, integrating this fast-evolving technology comes with notable challenges, especially around identifying the right tools and effectively managing resources.

For SMBs, AI adoption often means sorting through a crowded field of applications, each promising innovation but requiring careful assessment of benefits and returns on investment.

Coupled with limited IT support, businesses can find themselves struggling to implement and sustain these systems.

Experts advise that focusing on clear objectives and incremental implementation can help companies avoid common pitfalls and better harness AI’s potential.

To aid SMBs in this journey, Jeff Oskin, Managing Member at Newlogiq is providing a suite of tools like assessments and AI roadmaps, helping companies develop tailored strategies that align with their unique needs.

Continue Reading

Leaders

Inspiring the next generation of riders: from motocross champion to mentorship

Published

on

How a racing legend is shaping the next generation of Australian motocross through coaching and leadership

In The Driver’s Seat shines a light on unconventional success stories. Each episode takes viewers on a journey into the lives of industry leaders, trailblazers, and entrepreneurs who have carved their own unique paths to success. Join Penny as she navigates the roads less travelled with the visionaries shaping the future.

Hosted by Penny Lane, Founder and CEO The Perfect Cosmetics Company. 

In this episode, Penny is joined by Lee Hogan, Factory Honda Junior Team Manager, ProMX-Aus SX TV Host and BCP Coaching Director. #in the driver’s seat

Continue Reading

Trending Now