According to the Insider Intelligence Retail Forecast for 2022, global retail sales are predicted to grow 5% in 2022 to exceed $27.33 trillion. With the rebound of brick-and-mortars, ecommerce spending growth is expected to slow, however it will still account for more than 20% of total global retail. The recovery of in-store retail this past year speaks to its resiliency and indicates that ecommerce’s rise to dominance will take longer than anticipated.
As shortages across the supply chain continue to capture global attention, some are turning to 2022 with higher expectations. For manufacturers, this could be the time and opportunity to shore up and tech enable operations end-to-end, investing in technology to expand production capabilities and open the way to an adaptable future.
As warehouse and distribution center operations continue to grow in both size and complexity, many businesses are scrambling to invest in automated solutions that enable them to keep pace with the demands of global e-commerce and customer expectations.
In these times, operating a smart warehouse is as essential for business continuity as is having a secure work from home (WFH) environment for employees. Even as disruptive events continue to unfold – to which coming generations will surely analyze and discuss - it’s evident that not being digital in an increasing digital world could prove disadvantageous for businesses functioning without modern technology.
Imagine your business having a less than stellar year, lacking growth, positive change, or a healthy bottom-line. Would you want to relive this negative year on repeat, year after year? Here are 5 ERP tools your company should implement that won't cast a negative shadow on your bottom-line.