Supply Chain

Technology Predictions That Will Affect You in 2020

Each year the way we do business continues to evolve as technology advances. These changes have international affects across the globe, while others influence us on a personal level. Overall, technology is altering how we work and understand our businesses. Smart Warehousing and Paul Wallbank with Ovations have predicted the following technology trends and focuses for 2020. 1.) Computers Machines are gradually taking over more tasks within all different industries, from long-haul trucking and customer service to healthcare and inventory management. For example, Smart Warehousing utilizes S.W.I.M.S., our web-based order and inventory management system created specifically for the warehousing and supply chain management industry, to provide our customers with real-time visibility of their inventory. All the while, these computers are talking to each other, which speeds up decision making processes and reduces the need for specific management within companies. 2.) Reorganization As mentioned, the increase of computers and quicker decision-making results in the need for less management. In order to remain competitive, companies must reduce management levels in order to process information quicker. If not, they will lose business to others who are more adept. 3.) 3D Printing 3D printers build three-dimensional, solid objects by adding material layer by layer through a computer-aided design model. This allows the user to print anything from an acoustic guitar to entire houses. 3D printing is occurring alongside advances in biological engineering. It is predicted that within the next decade we will have the capability to print skin, body parts and organs. 4.) Mobile Apps It is hard to imagine a time when we did not have access to smart phones, and the mobile

Technology Predictions That Will Affect You in 20202019-12-23T13:14:01-05:00

Easy Treezy Christmas Tree – As Seen on Shark Tank!

One of Smart Warehousing’s current customers, Easy Treezy, made an appearance on ABC’s Shark Tank in episode 1110, during their 2019 Shark Tank Holiday Special. Kurt Stange, founder of Easy Treezy, presented their patented system that makes setting up your Christmas Tree easy (hence the name) in as little as 60 seconds. This innovative and lightweight tree comes in cone-shaped parts that can be easily assembled with locking magnets. The best part – the trees are already pre-decorated and pre-lit, reducing the hassle and long-drawn process of buying and setting up a traditional tree. The trees range in cost from $279-$899 and can be purchased on Amazon and the Easy Treezy website. With hopes of securing a partnership with a Shark, Kurt asks for a $400,000 investment in exchange for 10% equity. With margins at 35%, Easy Treezy is projected to sell over $2 million in 2019. The sharks agreed that the trees could be an effective seasonal business, but unfortunately no one was biting, and they were unable to close a deal. Although Easy Treezy did not secure an investment with the sharks, their business is booming and continuing to expand! When the Christmas Trees first appeared on QVC, they sold out of product and continue to receive positive reviews of their innovative trees. Smart Warehousing manages Easy Treezy’s inventory by accurately storing, picking, packing and shipping their products so they can remain focused on their core business. Smart also coordinates all product and shipping standards by the retailers they are selling through, including Amazon, Target and Walmart, to successfully deliver their Christmas Trees to the distribution centers and

Easy Treezy Christmas Tree – As Seen on Shark Tank!2019-12-18T14:56:14-05:00

2019 Holiday Shopping Trends

Every year companies are required to shift their efforts to target the ever-changing consumer trends to achieve a successful holiday shopping season. The Deloitte Insights Consumer Industry Center conducted cutting edge research in their Deloitte 2019 Holiday Retail Survey to best determine where companies should focus their energy to achieve superior business results. Smart Warehousing has constructed a consumer profile to help make this year’s shopping season one for the books. 1.) Steady Consumer Spend This year, consumers are predicted to spend $1,496 per household. Projected consumer holiday spend has had a 5.4% compound annual growth rate since 2012. Consumers are anticipating spending the same, if not more, than last year, yet their outlook on their future household finances have dropped 13% from 2018. 2.) Price, Product & Convenience Consumers continue to make price a prime deciding factor while holiday shopping, but product quality and variety rank even higher. As competition increases with product deals and assortment, convenience rises as a prime differentiating factor, especially in online stores. 3.) Free Holiday Shipping With the growing rise in online shopping, we are all aware of consumer’s shipping expectations, but which do they value more – fast or free shipping? Deloitte found that 85% of consumers prefer free shipping over fast shipping. Of that, 80% of shoppers who prefer free shipping are willing to wait three or more days to receive their order, while half of shoppers intend to use the buy-online-pick-up-in-store option.   4.) Increase in Experiences Holiday spend over the last five years has seen an increase in “experiences” over gifts and total other spend. These experiences include travel, dining

2019 Holiday Shopping Trends2019-12-17T12:58:03-05:00