Category: Amazon Forecast

Facing an increasingly competitive and rapidly shifting marketplace, businesses are under pressure to find new opportunities faster than ever. The volatility has hit consumer goods companies and retailers especially hard, challenging them to optimize their supply chain, reduce waste, and drive faster, smarter decision-making. For many, the answer lies in harnessing the vast quantities of […]

Retailers have always been in a race to deliver an exceptional customer experience, and in the digital age, that race has only become more intense—particularly in physical stores. With consumers shopping again at brick-and-mortar stores, some key trends have emerged: Half of retail customers intend to still use digital, mobile, self-service, and contactless technologies adopted […]

Since it was released back in November 2022, the internet has been buzzing about ChatGPT. Since then, retailers having been asking two main questions: what is it, and how will it impact my business? Let’s dive into both, staying high-level, and see if we can make sense of all the hype. What is Generative AI? […]

Introduction The purpose of this blog is to demonstrate one method of how effortlessly you can automate the data extraction, transformation, and building of an accurate power-demand forecasting pipeline using Amazon Web Services (AWS) services, such as Amazon Forecast, a time-series forecasting service based on machine learning (ML). This blog describes how Power Trading Corporation […]

Retailers use demand forecasting to anticipate customer needs and optimize supply decisions. Like most industries, demand forecasting in retail industry uses large amounts of historical data to predict future consumer demand. These forecasts depend upon analyses of variables that impact demand, such as seasonality, promotions, inventory levels, and market trends. Prediction accuracy is influenced by […]

In just a few years, the global retail industry was uprooted. Evolving customer demand, unprecedented supply chain delays, and staffing disruptions have fundamentally altered the retail landscape—likely for good. As companies adjust to these major shifts, one thing is abundantly clear: accurate business planning can make a tremendous difference. But building precise forecasts can be […]

COVID-19 closed stores and salons around the world, driving shoppers to the safety and convenience of ecommerce and simplified at home selfcare. While few consumers were interested in maintaining their complete beauty routines for Zoom meetings, the industry saw a steady surge in the demand for skincare, haircare and wellness products as the global consciousness […]

In recent years, many retailers have adopted new, modern ecommerce strategies as a point of differentiation by creating unique shopping experiences that reduce friction and increase customer engagement. Headless commerce is one approach that has gained a lot of traction because the storefront technology is decoupled from the backend commerce functionality. With headless commerce, you […]

We hope you are as excited as we are to be back in person at NRF 2022! We can’t wait to engage with you as we showcase new technologies designed to help you meet consumer demands, optimize operations, and improve insights in an ever-changing, post-pandemic world. Our retail experts are busy preparing to share insights, […]

In my previous blog, Four Supply Chain Disruptions Retailers Must Overcome, I discussed the four disruptions that retailers must overcome to improve their supply chain intelligence and meet customers’ fulfillment demands. To recap, intelligent retail supply chains are automated to increase efficiency, speed, and adaptability to disruption. Retailers have put building intelligent supply chains at […]