Big retailers like Walmart are investing in and partnering with tech startups to discover drone product deliveries to “store-hailing” platforms to maintain step with consumers’ changing demands. Now, many of the tech solutions being pioneered by main retailers will finally be offered to smaller businesses by third-party, native providers. Read more on the retail tech trends poised to take off this yr right here. According to data from the Special Report on Inflation and Supply Chain Shocks on Small Business by MetLife and the U.S. Chamber of Commerce, one in three small business leaders rank inflation as their largest problem. Inventory allocations ought to be optimized for effectivity, including the deployment of security stock — additional product stored in a warehouse to stop out-of-stock scenarios — in order that companies can reply quickly to disruptions, provide chain experts mentioned.
To get a submitting extension this yr, small business owners should …