It’s December 2015 and Black Friday is behind us. I mean that in a literal sense (2 weeks have now passed) but also in the sense of The End of an Era.
Per retail analysis firm Shopper Track, Black Friday 2015 showed a 10.4% drop year-over-year in physical store sales since 2014. This drop is unprecedented, and is attributed to consumers shopping over a longer span of time and taking advantage of the convenience (and safety!) of the online marketplace.
Meanwhile, Cyber Monday was reported by Adobe Digital Index to be the largest online sales day ever in the US, up 16% from 2014 to top $3 Billion.
Finding and comparing products online is far more frustrating than it needs to be. Especially if you’re trying to find the online version of a product you found in the store. There is almost no correlation between the offline product world and the online product world. I can say this confidently, because I found out from personal experience recently. Continue reading →
Online sales are up *23 percent year over year from Thanksgiving Day through Cyber Monday due to the holiday shopping. Therefore it is essential for product information to be accurate and complete so consumers can make smart buying decisions. That is why, 1WorldSync and Clavis Insight collaborated to identify the causes of inaccurate product data and in the course of this collaboration they have identified the opportunity to help customers to ensure the highest levels of data accuracy. Continue reading →
In today’s fast pace business environment, technology challenges are increasing due to the ability to connect large numbers of trading partners around the world with accurate, authentic, timely data. With ever changing customer requirements companies have been forced over the last decade to become more dynamic and support the shift in supply chain architecture from manual to IT cloud based solutions.
Reliance on the one-to-any connection requirements is difficult for both the data source and data recipient. If they can’t connect virtually with all trading partners, then product information and reporting can be unusable and lost, impacting sales, brand integrity and compliance.