Retail and CPG companies to focus on intelligence, engagement, and security in 2024
OpenText Blog » Consumer Goods
by Scott Lundstrom
1M ago
The retail industry has always been at the forefront of technological innovation, constantly adapting to meet the evolving needs of consumers. As we step into 2024, retailers are poised for yet another transformative year, driven by cutting-edge technologies that promise to reshape the shopping experience. From augmented reality (AR) to artificial intelligence (AI), here are the six most significant technology trends that will define the retail landscape in 2024: Artificial intelligence (AI) and personalization Artificial Intelligence (AI) continues to redefine the shopping experience. AI-dri ..read more
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J. Renee Group Steps up seasonal sales 
OpenText Blog » Consumer Goods
by OpenText Business Network Cloud Team
1M ago
For more than 45 years, J. Renee Group has designed and manufactured bold footwear styles across a range of categories, including comfort, casual dress, dress, and special occasion. Through our LDP brand, we also offer luxe, on-trend fashions crafted in the finest materials with unique comfort features. We’ve been in business for almost half a century. In that time, J. Renee Group has cultivated strong relationships with a wide variety of retail partners across the United States—from independent mom-and-pop establishments to large department stores and nationwide footwear chains. Pivoting to ..read more
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2023 retail and consumer goods industry predictions
OpenText Blog » Consumer Goods
by Scott Lundstrom
1M ago
The retail and consumer goods industries continue to evolve at a rapid rate.  Overall, 2022 retail holiday spending grew 7. 6%, according to Mastercard SpendingPulse.  In-store shopping was back and grew at a higher rate than digital shopping. And consumers showed real enthusiasm for a month of Black Friday deals across both digital and in-store promotions.  Unfortunately, not all retailers and consumer goods companies are sharing in the good news. For many inventory surplus may depress traditional holiday margins. The bull whip is in full effect, and warehouses ..read more
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3 top priorities for consumer goods companies
OpenText Blog » Consumer Goods
by Scott Lundstrom
1M ago
The consumer goods industry is being rapidly transformed by multiple, irresistible forces. External market realities driven by Covid-19 and supply chain disruptions have led to full ships and empty shelves for many categories in this sector. Consumer consumption habits and buying behaviors are changing and brand-driven direct-to-consumer programs are taking off. These major shifts are forcing consumer goods companies to focus on three pressing needs. Digital supply networks Building increased resiliency and agility in supply chain planning and execution has become the No. 1 priority of many c ..read more
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How the ethically minded consumer is impacting your bottom line
OpenText Blog » Consumer Goods
by OpenText
1M ago
"We can't eat there", my wife says, as I ask where we should grab some lunch. When I ask why, she says that they have been in the news for not fairly treating women in the workplace. In this scenario, that restaurant’s bottom line just took a hit because of an ethically minded consumer. The ethically minded consumer is exercising more and more control over their spending and buying power. But it's not just the Millennials who are purchasing from a socially and environmentally conscious standpoint these days. These decisions are happening at all ages now and they are having a measurable impact ..read more
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