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usnewsper-business · 4 months

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Cisco Systems Cuts Jobs to Boost Future Success in Emerging Technologies #artificialintelligence #CiscoSystems #CloudComputing #competition #costcutting #customerpreferences #customerrelationships #Cybersecurity #emergingtechnologies #employeemorale #futuresuccess #hiring #industrylandscape #jobcuts #leadershipposition #refocusingefforts #revenuedecline #sharebuybackprogram #strategicpriorities #strongearnings #switchesandrouters #technologycompanies #valuecreation

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roygodfrey · 5 months

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Learn how to write ad copy that converts! 💥📈 Check out these top 3 tips to improve your headlines, address pain points, and create compelling calls-to-action. Start optimizing your ad copy today! 🔍 FB Page: https://www.facebook.com/inov8mktg

#digitalmarketing #Inov8MktgPollofTheDay #AI #CustomerPreferences #CustomerExperience #ValueCustomers #CustomerSatisfaction #CX #CustomerRetention

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euroemiratesllc · 6 months

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Struggling to transport your industrial material?

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Our transport services focus on major industrial zones & are coordinated from different locations. By using well-maintained & regularly upgraded vehicles, we ensure a superior level of service. Transportation of raw materials, supply of labour & equipment & distribution of manufactured goods become easily accessible with our dependable transport system.

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its-vishnu-stuff · 8 months

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Retail Analytics Services specialize in text extraction from store bills – Innodatatics

Our Retail Analytics Services excel in extracting invaluable insights from store invoices, employing an innovative text extraction technology to delve into every transaction's essence as never before. We meticulously analyze each detail, providing accurate transaction descriptions and relevant hashtags that succinctly encapsulate the purchase's essence. These headings and hashtags are designed to empower businesses with a deeper understanding of consumer preferences and market trends, enabling them to make informed decisions and foster growth. With our Retail Analytics Services, you can unlock the full potential of your store data and watch your company thrive.

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rapidpricer · 2 months

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Dynamic Assortment based on Seasons and Demand

Written By: Gargi Sarma

Mexico is distinguishing itself as one of the major markets through persistent development and gradual but consistent expansion in numerous areas. One industry that could outpace Mexico's typical projected national growth is the retail and consumer sector. By 2028, the retail market in Mexico is anticipated to expand at a CAGR of 5%. A mix of sociodemographic and economic changes, products, and commercial strategies to lure Mexican customers will drive this. More than any other industry, Mexico's retail and consumer sectors represent the prospects arising from the country's economic dualism. Alongside the resilient traditional 'changarros' and adapted ideas like OXXO and Farmacias Similares, there is a steady growth and development of modern format retail outlets and global franchises like Walmart and Starbucks.

In Mexico, COVID-19 has had a major impact on consumer shopping habits. Companies increased their efforts on digital platforms in response to the COVID-19 epidemic. These investments included creating a more user-friendly website, introducing direct-to-consumer operations, and forming partnerships with last-mile delivery providers.

The retail fashion sector in Mexico is thriving and changing quickly, driven by a wide range of consumer preferences and buying habits. Retailers can find a wide range of prospects in the Mexican market, from vibrant metropolises to charming small communities. A significant obstacle, though, is there among all of this dynamism: seasonal variations in consumer demand. Mexico's vast territory, diverse climate, and rich cultural traditions create a compelling case for optimizing assortments based on seasonal and location-specific factors. Here's why:

Figure 1: Importance of Assortment Planning

Increased Sales and Profits:

Meeting local demand: Offering products relevant to the local climate, holidays, and cultural preferences ensures you cater to customer needs and avoid stocking unwanted inventory. Imagine stocking winter jackets in Cancun or beach gear in Monterrey during winter.

Seasonal trends: Capitalizing on seasonal events like Christmas, back-to-school, or Cinco de Mayo with targeted product offerings can significantly boost sales.

Differentiation from competitors: Understanding local nuances allows you to stand out by offering unique products not available elsewhere, attracting and retaining customers.

Reduced Costs and Improved Efficiency:

Optimized inventory management: Matching your assortment to local demand helps reduce overstock and deadstock, lowering storage and disposal costs.

Improved supplier relationships: Working with local suppliers for seasonal products aligns with sustainability goals and potentially reduces transportation costs.

Efficient marketing: Tailoring marketing campaigns to specific locations and seasons ensures you reach the right audience with relevant messaging, maximizing campaign effectiveness.

Challenges of Seasonal Fluctuations:

Inventory management: Predicting demand accurately and avoiding overstock or stockouts is challenging, especially with sudden weather changes.

Price optimization: Balancing profits with competitive pricing during different seasons requires careful planning and adjustments.

Marketing and promotions: Tailoring campaigns to each season and reaching the right audience while managing advertising budgets effectively is crucial.

Staffing: Hiring and training additional staff during peak seasons can be costly and demanding.

Figure 2: Challenges in Assortment Planning (Source: Why is Assortment Planning so Difficult for Retailers? A Framework and Research Agenda, Murali et al., 2009)

Geographical Considerations in Mexico:

Mexico's vastness and diverse geography paint a complex picture for retailers. Understanding how climate, terrain, and cultural traditions influence consumer behavior across regions is crucial for tailoring assortments and maximizing success.

Diverse Landscape:

Northern regions: Arid climates with hot summers and mild winters dominate. Think Chihuahua, Sonora, and Baja California.

Central highlands: Temperate climate with warm, dry summers and cool winters. Puebla, Tlaxcala, and Mexico City fall under this category.

Southern regions: Tropical climates with high humidity and hot temperatures year-round. Chiapas, Quintana Roo, and Oaxaca exemplify this zone.

Coastal areas: Varied climates depending on location. Pacific coasts tend to be drier, while Gulf coasts experience more humidity.

Impact on Preferences:

Clothing: Northern regions demand lighter clothing year-round, while southern regions require breathable fabrics suitable for humid conditions. Winter gear becomes relevant in the highlands.

Outdoor activities: Northern regions favor desert sports and hiking, while coastal areas see demand for water sports and beach gear. The highlands might see higher sales of camping equipment.

Home decor: Southern regions might opt for lighter furniture and natural materials, while colder areas might prefer heavier fabrics and heating solutions.

Food: Local ingredients and dishes vary greatly across regions. Northern cuisine tends to feature meat and beans, while southern cuisine leans towards seafood and tropical fruits.

Data-driven Approach to Assortment Planning:

Figure 3: Data-driven Approach to Assortment Planning (Source: Analytic Edge)

These days, modern retail assortment planning is data-driven, using sales data to estimate demand and gain insight into customer preferences and historical performance. By disclosing rival tactics and market trends, market research enhances this strategy and enables merchants to modify assortments appropriately. Customization of product offers is made possible by the deeper understanding of customer behavior and preferences provided by consumer insights obtained through focus groups and surveys. By offering precise demand projections based on historical sales data and industry trends, machine learning and predictive analytics further improve assortment decisions. Retailers earn higher sales as a result of this inventory optimization.

Implementing Seasonal and Location-Based Assortments

The implementation of location- and season-based assortments in retail necessitates a methodical approach that takes seasonal shifts in consumer demand and geographic variations into account. Retailers can customize assortments to meet local demand and seasonal components by examining market trends, regional preferences, and historical sales data. Data analytics and inventory management systems enable strategies for optimizing inventory levels and SKU distribution across sites. Efficient cooperation between suppliers and partners guarantees the prompt supply of seasonal merchandise, and partnerships with local designers provide distinctive, locally-inspired items to assortments, making them more appealing to local clients.

Technology Solutions for Assortment Optimization:

Figure 4: Strategies to Optimize Product Assortment

Technology solutions are essential for retail assortment optimization because they provide state-of-the-art tools and platforms that improve decision-making and expedite assortment planning. Retailers can take advantage of a range of software tools and platforms, including category management software and assortment optimization platforms, that are designed to match their unique requirements. Because they can provide data-driven insights and predictive modeling skills, advanced analytics, artificial intelligence, and machine learning are essential for enhancing assortment strategies. Careful planning and execution are necessary for the successful integration of digital solutions into retail operations. To guarantee maximum benefits, special requirements must be assessed, comprehensive training must be given, and maintenance must continue.

Examples of Mexican Retailers Using Dynamic Assortment:

Costco - Costco's dynamic assortment strategy keeps up with seasonal and cultural trends, such as Mexican holidays and festivals, and offers a variety of products to attract customers.

Walmart - Walmart's Mexican stores, such as Sam's Club and Walmart Supercenter, feature dynamic assortments of products that change based on the seasons and customer demand.

The Home Depot - The Home Depot's Mexican stores offer a wide range of products for DIY enthusiasts and contractors, including seasonal items such as Christmas lights and Easter decorations.

Target - Target's Mexican stores, such as Target Hidalgo and El Paso.

Conclusion:

In summary, changing customer tastes, macroeconomic conditions, and technological breakthroughs will propel the retail industry in Mexico, which is expected to experience rapid expansion. Retailers may successfully manage seasonal swings, regional variances, and shifting market dynamics to optimize assortments and boost profitability by using data-driven strategies. The secret to success in this dynamic and exciting market will be to leverage technology solutions, strategic relationships, and a thorough awareness of local situations.

About RapidPricer

RapidPricer helps automate pricing and promotions for retailers. The company has capabilities in retail pricing, artificial intelligence and deep learning to compute merchandising actions for real-time execution in a retail environment.

Contact info:

Website: https://www.rapidpricer.com/

LinkedIn: https://www.linkedin.com/company/rapidpricer/

Email: [email protected]

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surveycircle · 1 year

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Tweeted

Teilnehmer für Online-Studie gesucht! Thema: "Abfrage der Zahlungsbereitschaft für Insekten-basierte Proteindrinks" https://t.co/9vCxC5NX3H via @SurveyCircle #ConsumerResearch #protein #WillingnessToPay #CustomerPreference #insekten #umfrage #surveycircle https://t.co/ro2SsCiZyf

— Daily Research @SurveyCircle (@daily_research) Apr 25, 2023

#IFTTT #Twitter

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wheresitapp · 1 year

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Once upon a time, there was a small business owner named Sarah who ran a boutique shop selling handmade jewellery. Despite her passion for her craft, she struggled to attract and retain customers in a highly competitive market. One day, Sarah stumbled upon a new app called Super Power, which promised to help businesses like hers transform their operations and increase customer engagement. With the app downloaded on her phone, Sarah was able to streamline her inventory management, track sales data, and even offer personalized discounts to her loyal customers. But the real magic of Super Power came from its push notification strategy, which allowed her to send targeted messages directly to her customers' phones based on their interests and purchase history. Sarah used Super Power to create a marketing plan that included regular promotions and sales, exclusive sneak peeks of upcoming collections, and personalized recommendations based on each customer's unique preferences. With each notification, she saw her customer engagement soar, with more people visiting her store and making purchases. As word spread about Sarah's innovative use of Super Power, she found herself with a loyal customer base that continued to grow with each passing day. With the help of the app, she was able to not only transform her business but also create a community of passionate customers who shared her love for handmade jewelry. In the end, Sarah learned that sometimes all it takes to succeed is a little bit of Super Power. With the right tools and a solid marketing plan, any business can reach new heights and achieve its full potential. Is your business looking for a Super power app like Sarah? We would love to hear from you. #SuperPowerApp #BusinessTransformation#CustomerEngagement #PushNotifications#MarketingPlan #SmallBusinessSuccess#HandmadeJewelry #InventoryManagement#SalesData #PersonalizedDiscounts#TargetedMessages #CustomerPreferences#CommunityBuilding #InnovativeMarketing#SocialMediaMarketing #DigitalMarketing#GrowYourBusiness #MobileMarketing

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eddownes · 3 years

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The way that companies connect with their customers and cater to their preferences is paramount in today’s digital world! Connect with your audience on a personal level, contact Non-Stop Customers to find out how at https://NonStopCustomers.com. #digitalworld #customerpreference #personalizedbusiness

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grahamperryondisputeresolution · 3 years

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BOYCOTT BACKLASH AGAIN

https://grahamperryonchina.com/?p=1822 BOYCOTT BACKLASH AGAIN - GOOD MORNING FROM LONDON #170 The Chinese consumer is active, not passive. He/She has a voice + a choice + needs to be taken seriously. The West wrongly views the 1.4bn people of China as cannon fodder who do what they are told to do – one of the many things Westerners get wrong about China. The Chinese have pride in their country + in their Party and when China is attacked, the people fight back. Shares in Chinese apparel groups rallied as a backlash against western brands that are talking up concerns over forced labour. International companies need to be careful. The US/UK govt may try to pressure them to support a genocide/forced sterilisation/force labour policy. But this is not a one-way street. The Boycott Backlash will grow + Western companies long term strategies for greater market penetration of China will hit big problems. Today H+M, tomorrow General Motors? As China peaks the US and becomes the No 1 Economic Power – about 2029 – the US is desperate. It will scrap + fight. China has seen this coming. Many tussles lie ahead. - #boycottbacklash #cccuk #customerpreference #tradepolicy - https://grahamperryonchina.com/?p=1822

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suumitlovesblogging-blog · 6 years

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Hey Calcuttans! We are glad to announce that we are starting off with breakfast service , which will be door delivered. These are some of the items we would be starting off with & then it will be a phased wise roll out. Go through the list & give us an opportunity to serve you. 1. Mexican Poha 2. Chinese Idli 3. Idli, Sambhar & Chutney 4. Chole Bhature 5. Sevai Upma 6. Sabudana Upma 7. Belwan Kachori & Sabzi 8. Galouti Kebab 9. Club Kachori & Sabzi 10.Bread Rolls & Hot Dogs To order: Call: 91-9874551471, 9831395455, 9920719572, 9874449535 WhatsApp: 9874551471, 9831395455, 9874449535 Web: www.hungerhunter.in Delivery: Pan Calcutta Follows Us on: Instagram: @huungerhunterz Twitter: @HHsuumit24 Web: www.hungerhunter.in #Entrepreneurs #entrepreneurship #breakfast #snacks #food #freshfood #HomeMade #freshvegetables #innovation #customers #customersatisfaction #customertaste #CustomerPreference #doordelivery #order #foodporn #foodblogger #Vegetarian #happiness #bliss #gratitude #lovewhatyoudo 🙏

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itsdaghost1023 · 7 years

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#rims #rimsandtires #blacksatin #gloss #customerpreference #restored #restoration

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atlantisitgroup · 2 years

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BUILD – OPERATE – TRANSFER

👉 The technical team at Atlantis, which consists of skilled programmers and experienced testers, collaborates to plan and develop the framework in accordance with your needs. After the solution has been rigorously tested, the technology is then transferred to your business.

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surveycircle · 1 year

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Tweeted

Participants needed for online survey! Topic: "The American Kitchen Dining Experience: Exploring Customer Preferences" https://t.co/tc5JihrswZ via @SurveyCircle #AmericanCuisine #belfast #CustomerPreferences #DiningExperience #diner #survey #surveycircle https://t.co/jxwEmdnzEJ

— Daily Research @SurveyCircle (@daily_research) Apr 14, 2023

#IFTTT #Twitter

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