In today’s retail environment, businesses need to stay agile and make intelligent, data-driven decisions. As part of COPA’s ongoing effort to help members gather better data and uncover greater insights, we are pleased to have partnered with Krunchbox, a simple to use, cloud-based business intelligence tool designed to help vendors and their retailers collaborate around point-of-sale (POS) data and make more effective inventory decisions. COPA members can take advantage of a discounted rate through Krunchbox’s Preferred Pricing Program.
Krunchbox has recently published their 2023 Retail Trends & Disruptions Report which highlights new retail trends and disruptions that product suppliers faced over the past year…and the measures some have taken to help mitigate risks and optimize retail sales. Over 400 product suppliers participated in the survey which gave Krunchbox incredible insight during what was an unprecedented time. As a result, there are key takeaways that can help product suppliers and retailers alike navigate the next 12 months.
Some Key Highlights:
- 72% of respondents revealed that their YoY sales were either higher or stayed the same, despite shifting consumer habits and supply chain issues.
- 64% of respondents attributed their sales growth to product innovation.
- 86% of top executives believe there will be a recession in 2023
If you haven’t read the report yet, here is the link: http://www.krunchbox.com/2023-retail-trends-and-disruptions-report
For further information on Krunchbox, please contact:
Doug Murless
VP of Business Development
Tel: 416-689-9139
Email: dmurless@krunchbox.com
Website: Krunchbox
