WHAT: enVista Senior Vice President of Retail, Gene Bornac, will share expert insights during a speaking session at Blue Yonder ICON virtual event.
WHEN: May 5-6, 2020
*Register here: https://now.blueyonder.com/icon-devcon-2020
TITLE: Driving Sustainability and Responsibility in Retail Through Better Inventory Management
SPEAKER: Gene Bornac, enVista
TIME: Wednesday, May 6, 2020 10:15 – 10:45am EST
ABSTRACT: Apparel purchases have increased 60 percent since 2000 and will continue to increase dramatically with the emergence of middle classes in populous developing economies. However, 12.8 million tons of apparel are disposed of each year, and it is estimated that apparel will require 3x the natural resources in 2050 as it did in 2000 with fast fashion and startups disrupting the industry landscape with limited regulatory impact. Retailers can make strides towards a major consumer-driven push for sustainability by better managing inventory by the use of tools like AI and machine learning to reduce inventory and better understand real demand. Many (if not most) major retailers are still only one step above using pen and paper for inventory management, but AI and machine learning tools can digest inventory and sales data in ways spreadsheets cannot. In this session, learn how to embrace sustainability as a business model, not just as a manufacturing practice, by giving equal focus to inventory management and supply chain.
About Blue Yonder ICON:
Blue Yonder ICON (formerly JDA FOCUS) is the must-attend event for leaders in manufacturing, wholesale distribution, transportation and logistics, retail and services industries. Explore how Blue Yonder’s supply chain planning and execution solutions can help you address the challenges you face in today’s global, consumer-driven marketplace.
The theme for ICON 2020 is all about how ‘Supply Chains Can Save the World’ – and how Blue Yonder is focused on helping companies improve their sustainability efforts and response to supply chain disruptions occurring from news, weather and events like the current Coronavirus outbreak.