International trading has always played an important role in Asian countries. In a practical business, it takes a lot of effort to get customers’ orders shipped out; however, it is even more challenging on the back-end of production. There’s potential risk which can cause continuous logistical errors. Product information errors cause a domino effect of errors resulting in invoicing and sizing errors…just to name a few. All of which result in a decrease of profits.
Now, more than ever, global supply chains are under pressure to be agile and transparent, in the face of renewed consumer demand and the massive rise of Omni-channel commerce. In today’s digital world, your product information is one of your most valuable assets. Before your customers and trading partners ever see the physical product, they will have access to the digital information representing it. With the explosion of product information in the marketplace, the demand for quality, accurate product data has grown exponentially.
1WorldSync remains committed to the GDSN standards and will support the upcoming GDSN release, Major Release 3. With this release, GDSN will be better enabled to more quickly implement new requests into the standard. There are also many enhancements to existing attribute sets, including nutrients, ingredients, allergens, tax, hazardous materials, promotional, packaging and many others.
This release is considered a non-backwards compatible release, and while the level of impact varies based on the level of your implementation, we strongly encourage you to begin your planning and budgeting for the upcoming changes based on the below timeline:
The 1WorldSync Impact Analysis Document, which contains a summary of scope, the high level impact, and timelines, is available for all 1WorldSync customers and can be found here. We will work in the coming months to provide the full details on the scope and the technical specifications for this release.
Don’t forget to fill out our survey so we continue to understand your business needs and areas of impact.
One of my favorite events at 1WorldSync is the Annual Congress in Cologne, Germany. Last year, I was impressed by the variety of topics and in-depth individual sessions. Annual Congress provides insights on how having accurate product information can open many doors for your company.
1WorldSync’s Annual Congress which will be held on September 30 – October 1, 2014 provides a platform to inform, share and listen to customers and partners and provide holistic answers to questions that arise from increasing industry challenges. It’s an exciting two days of collaboration, so get ready!
The first ever social media scavenger hunt was a huge hit at GS1Connect! Over 100 photos were uploaded or retweeted throughout the week! Thank you to all who took part in highlighting 1WorldSync and our exciting events! Lori Bigler from Smucker’s became our first #1WorldSyncSelfie contest winner! Congratulations Lori!
We appreciate everyone’s involvement and hope that we were able to add a level of excitement and fun to your GS1Connect experience. You can check out some of the photos below and on Twitter by searching the hashtag #1WorldSyncSelfie. Don’t forget to continue posting “Selfies” at upcoming 1WorldSync events using the hashtag #1WorldSyncSelfie on Twitter and Instagram.
Digital technologies are transforming the way we shop. E-commerce and smartphones have raised the expectation consumers have about their shopping experience. One of those expectations is around personalization. Amazon knows what brands I buy, what type of product I’m searching for, what special events I have in my life, what types of new products I might find interesting, and many other things. This allows Amazon to create a very personalized experience for me as a shopper. Product recommendations and deals often resonate very well with me, and encourage me to make a purchase.
Did you know that *over $272,000 is spent online every minute and **72% of people are influenced socially through ratings, reviews and recommendations? Shopping behavior has changed significantly due to the multitude of online channels with information that is easily accessible to consumers to help make smart purchase decisions. Traditionally purchase decisions were influenced through advertisements and promotions directly from the brand owner or retailer. This trend is changing significantly and today’s shoppers increasingly leverage information from multiple online channels provided through mobile devices and social networks to enrich their shopping experience.
How does your business address product risk and compliance? Are you simply coping from one regulatory mandate to the next… stringing several point solutions together as you go along, or is there a more holistic solution. For most businesses, addressing product risk and compliance is not an easy one to answer and you are certainly not alone. Collecting, storing, managing and validating product safety or risk-related information is not a simple undertaking. Whether you are a medical device manufacturer preparing to comply with the upcoming FDA UDI regulations, a Foodservice brand owner selling your products in Europe enforced to comply with EU Food regulations (e.g. EU 1169 ) or a retailer facing demands for accurate, robust and legally compliant product information from consumers. The ability to control quality data and its distribution across a large network of external trading partners becomes an ever growing challenge. With legal and regulatory drivers behind these needs, failure to manage product risk effectively is not an option, and can have a major impact upon your sales and brand. Continue reading
It’s been over 10 years since the first data was exchanged via the Global Data Synchronization Network™ (GDSN) and much has changed. In my 10 years of involvement in product data exchange through the GDSN, data synchronization and information exchange has never been more exciting than it is now. The ability to talk first-hand about “Big Data” at a cocktail party has never gotten so much attention.
The Mobile Product Information Gap
Online sales in the U.S. totaled $263 billion dollars in 2013, an increase of almost 17% from 2012 according to the US Census. According to research firm Javelin, mobile commerce accounted for almost $60 billion, representing 188% growth from 2012. While this impressive growth in mobile commerce represents a tremendous opportunity for the retail industry, it also represents a huge challenge.