Walmart Rolls Out Inventory Service for Third-Party Sellers Marketplace

Walmart has begun to roll out a new inventory-focused offering as part of Walmart Fulfillment Services, its third-party marketplace for sellers, according to a June LinkedIn post. 

“Our new solution allows for the seamless and efficient transfer of inventory to Walmart fulfillment centres, optimizing supply chain logistics and enabling faster delivery to customers,” Jaré Buckley-Cox, vice president of Walmart Fulfillment Services, said in the LinkedIn post. They also said that the new Inventory Transfer Services will help sellers improve inventory availability, save costs by sending goods to one centralized location, and offer faster shipping times due to improved two-day and next-day shipping coverage.

To read the full article, visit the Retail Dive website.

5 Takeaways on Digital Innovation from Top Walmart Execs

As Walmart places growing emphasis on digital innovation, the company’s CFO and head of investor relations outlined how supply chain automation, in-store technology and remodels are impacting labor, sales and consumer behaviour. EVP and CFO John David Rainey and senior vice president and head of investor relations Stephanie Wissink shared details about what the mass retailer is doing while at investment banking advisory firm Evercore Inc.’s conference.

Customers who have a very good experience with e-commerce are more likely to come back, Rainey said, noting that as they become more accustomed to the online experience for grocery shopping, they mix in general merchandise to their baskets. According to Wissink, digital upgrades for its supply chain and stores are changing how workers do their jobs. They shared that Walmart is investing tremendously in it’s supply chain and stores and reconsidering how to integrate it’s existing workforce.

To read the full article, visit the Retail Dive website. 

Gen Z workers Struggle with Office Tech

Contrary to popular belief, recent studies say people aged 18 to 26 struggle to operate workplace tools. Numerous people from that generation shared difficulties with printers and video conference apps like Google Meet.

Sarah Dexter, an associate professor of education at the University of Virginia, explained the ongoing trend. “There is a myth that kids were born into an information age, and this all comes intuitively to them.”

The Guardian explained Gen Z workers typically work with mobile apps. For example, they know how to edit images and videos from their phones. These mobile programs are so easy to use that children can start using TikTok with inadequate reading skills. On the other hand, office machines like scanners and printers are less intuitive. Often, they are so complicated that they ship with instruction manuals.

Generation Z will eventually become the global working majority. Consequently, we must help these young, aspiring career people succeed by arming them with the right digital skills.

To read the full article, visit the Inquirer website. 

The Forced Return to the Office Is the Definition of Insanity

In a world where we’ve seen five consecutive quarters of declining productivity in the U.S. according to a study by EY-Parthenon using data from the Bureau of Labor Statistics, one would think that CEOs and company leaders would question their tactics. After all, over two-thirds of business leaders report they’re under immense pressure to squeeze more productivity out of their workers, according to a new Slack survey of 18,000 knowledge workers.

Yet despite the overwhelming evidence that flexible hybrid work is more productive than forced in-office work for the same roles, top executives are stubbornly herding employees back to the office like lost sheep, expecting productivity to miraculously improve. This is the very definition of insanity.

Many CEOs are clinging to the false belief that the office is the secret sauce to productivity. It’s as if they think the office is a productivity vending machine: Insert employees, receive increased output. But the data tells a different story.

Instead of being a productivity wonderland, the office is more like a productivity black hole, where collaboration, socializing, mentoring, and on-the-job training thrive, but focused work gets sucked into oblivion. In fact, research shows that the office is detrimental to productivity.

Structured mentoring can strike the balance between in-office and remote work

While productivity is harmed by in-office presence, mentoring is boosted. However, you have to be intentional about mentoring. A structured mentoring program offers a more intentional and effective approach, pairing mentors and mentees based on skills, interests, and goals. This targeted method ensures that knowledge sharing and personal growth are not left to chance, but rather strategically nurtured and cultivated.

Structured mentoring programs can thrive in a hybrid environment that combines the best aspects of both in-office and remote work. This balanced approach allows companies to limit in-office activities to necessary mentoring sessions, maximizing productivity and employee satisfaction without sacrificing the benefits of face-to-face interactions.

To read the full article, visit the Fortune website.