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Written by Stephanie Chan, July 24, 2020 As Covid-19 continues to be a threat to many countries around the world, the impact on physical retail stores will continue to suffer as lock downs, quarantines and store closing continue. While consumers are not able to shop...

Written by Stephanie Chan, June 16, 2020 Did you know that successful retailer and supplier collaboration can directly influence 1/5 of the total revenue? Coresight, a company that delivers data-driven retail technology insights, set out to understand what it takes to...

Product sourcing is essential for all companies. While a product sourcing app could help make things easier, there are several basic guidelines to take into account. It's worth revisiting your basic criteria and comparing your suppliers, products, and shipment options...

Written by Stephanie Chan, June 3, 2020 In the past few years, we began to see an increased emphasis on adapting new technologies in the procurement industry. In fact, a survey done by Barclaycard Payments in collaboration with Oxford University revealed a trend of...

Written by Stephanie Chan, June 1, 2020 With increased online shopping, the threat of counterfeit products is inevitable. Consumers paying brand name prices hate counterfeit goods and so do retailers. A counterfeit product basically equals a low-quality product which...

Written by Stephanie Chan, May 12, 2020   Procuring physical products online is an on-going trend in recent years. Digital procurement software has become popular for growing brands on the B2B marketplace while remaining cost effective for many businesses. In...

Maintaining existing supplier relationships has become a crucial component of surviving and thriving during the current market disruption for many corporate buyers. It’s a challenge for many firms, however — particularly those whose source-to-pay processes remain...

There are many articles written about the “Retail Apocalypse” and how brick-and-mortar stores will continue to decline with growing prominence as online sales increase. It is even more relevant in the current state of the world where many physical stores are...

Changes - both for better or for worse - should only be expected as the retail business world continues to evolve. A clear-cut example is how the competition for a larger market share has become fiercer than ever. This may be a result of consumer demands growing at an...