JUNE 2023Retail Business Review6Kristina SmithManaging Editoreditor@retailbusinessreview.comEditorialRetailers face significant headwinds today due to competitive dynamics, consumer confidence concerns, and increased last-mile delivery needs.Retail logistics leverages technology to mitigate these challenges and allow increased flexibility and more options within the delivery cycle to offset supply chain pressure. Technology streamlines the end-to-end delivery process, especially at the last mile, and optimizes resource utilization to make supply chains manageable. It provides real-time visibility into the entire delivery ecosystem, enabling retailers to ensure more effective operations, take more preemptive actions, and create better collaboration across teams.In an increasingly competitive market, retailers benefit from artificial intelligence (AI) to create new models based on business logic. Machine learning technology helps them predict delivery timing, load capacity, resource allocation, and even forecast demand, ensuring that operations run smoothly and every driver is utilized well, reducing resource waste.It is foreseen that from 2023 to 2030, the global retail logistics market will grow at a compound annual growth rate (CAGR) of 12.3 percent, as per the latest reports published by Grandview research.com. This prolific growth in numbers can be attributed to the surge in infrastructure expansion in global transportation and the rise of emerging economies.This edition of Retail Business Review delivers a bird's eye view of the recent developments in the retail business arena and insights into how companies are aligning with these latest trends to transform legacy practices and improve outcomes. We have curated thought leadership articles from industry experts, including Brad Felker, president at MDS, and Allan Blakeley, chief operating officer at Huboo. A deep study of market trends was also conducted to narrow down the list of companies that provide robust retail logistics service providers. Equipped with innovative technological capabilities, companies such as MDS fulfillment help retail businesses at the cloverleaf of various disruptive technologies. This edition of Retail Business Review focuses on retail logistics in the hopes that you and your organization can create a retail environment that is fueled by efficient technology. Let us know your thoughts!Rebooting Retail Logistics for a Better Tomorrow!Editorial StaffScott Moorhouse Sebastian JacobToni BrownSarah MurrayJennifer MyersKaren BluebondVisualizerAsher BlakeManaging EditorKristina Smith Email: editor@retailbusinessreview.comsales@retailbusinessreview.commarketing@retailbusinessreview.com JUNE - 01 - 2023, Volume 03 - Issue 02 (ISSN 2835-916X)Published by ValleyMedia, Inc. To subscribe to Retail Business ReviewVisit www.retailbusinessreview.comCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff600 S ANDREWS AVE STE 405,FT LAUDERDALE, FL 33301
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