Beating Retail Tariffs With Technology

With the holiday retail season upon us, some brands are executing strategies to counter the effects of tariffs on certain Chinese imports, including price increases and the relocation of offshore production operations to tariff-free countries. These strategies may not be an ideal or sustainable response to the tariff increases, however, as the price increases may diminish shopper buying power, and relocating production can be a costly and intensive endeavor that can take a very long time to implement.

Instead, retailers can look to technology as possibly a smarter and more effective solution.

By utilizing technologies that may improve efficiency and reduce operating costs, retailers can not only minimize any potential tariff effects, they can also achieve significant return on investment. […]

Click here to view original web page at www.mytotalretail.com