Startups to Watch
We highlight 5 companies aiming to improve inventory planning, reduce out-of-stocks, and increase sales.
Understanding inventory has always been a priority for retailers, but the economic shock caused by the Covid-19 pandemic has underlined the value of inventory visibility tech in helping retailers save costs and boost sales.
In the grocery space, retailers are dealing with a surge in demand that is upending “just in time” inventory strategies. Meanwhile, in the apparel space, declining in-store discretionary spending may reduce the amount of inventory needed going forward, as well as increasing the need for better integration across in-store and online channels.