Global supply chain rehashing
Globalisation has seen its ups and downs. While 1990s and 2000s was all about globalisation, last decade has certainly challenged globalisation trend as we knew it.
India’s furniture market has experienced a significant boom recently, driven by urban expansion, increased spending power, and changing tastes in home decor. This vibrant sector has evolved from traditional roots to embrace modern aesthetics, cutting-edge materials, and advanced production techniques, meeting domestic demand and impacting exports...
In the midst of numerous performance indicators such as website and in-store traffic, sales volumes, and return frequencies, the average order value (AOV) can sometimes be overlooked. Nevertheless, it remains an essential measure for assessing business expansion and profit margins, providing critical perspectives on consumer spending habits. The AOV of a...
In today’s environmentally conscious market, businesses are increasingly seeking ways to demonstrate their commitment to sustainability. One such method is through GREENGUARD Certification , a globally recognized standard for low chemical emissions from products. This certification is not just a badge of honor; it’s a legacy document to a company’s...
In an age where digital innovation is paramount, the furniture retail industry stands on the brink of a revolution, led by the advancements in machine learning (ML). This powerful subset of artificial intelligence (AI) is not just a tool but a game-changer, offering furniture businesses unprecedented insights derived from data, and transforming the...
The concept of the metaverse has been a buzzword in the tech industry for a while, but it’s now starting to make a significant impact on various sectors, including furniture retail. Understanding and integrating into this virtual landscape is not just futuristic thinking—it’s a strategic imperative. It’s a space where creativity meets commerce, enabling...
In the dynamic landscape of independent retail, each sale is a small triumph, a testament to the business’s appeal and relevance. However, beyond these individual successes lies the realm of strategic planning and analysis, where understanding and applying key retail formulas and performance indicators can significantly influence long-term sustainability...
India’s manufacturing landscape has undergone a remarkable transformation over the past few decades. Once a strong holder of textiles, handicrafts, and agro-based industries, the country has now expanded its manufacturing prowess to become a thriving hub for furniture production. This evolution is a result of India’s increasing focus on technology,...
Sustainable furniture is not just a trend, it is a necessity. As the world faces the challenges of climate change, resource depletion, and social inequality, consumers are demanding more eco-friendly and ethical products. Furniture is one of the most impactful industries in terms of environmental and social footprint, as it consumes large amounts of...
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