Business intelligence
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2 hours ago8 best supplier management software platforms for 2026
Effective supplier management is crucial for business success, especially in a volatile environment with increasing third-party risks.
Whole Foods shelves sit empty after a data breach shut down its wholesale distributor. Meat packers working for JBS Foods are paralyzed as an $11 million ransomware attack takes out their processing facilities. Some 2.2 million workers at Stop & Shop and Hannaford have their personal data exposed as the result of a cyberattack on parent company Ahold Delhaize USA. These scenarios, straight from a William Gibson novel, are becoming increasingly common in supply chains across the world.
We are now in a time of manufacturing where precision is more than a technical necessity; it's a business requirement. The more complex, globally dispersed and demanding things get, the less slack remains in the system. Under these circumstances tolerance management has become a decisive competence and affects competitiveness not only in terms of controlling costs, ensuring quality and improving production efficiency but also for long term market success.
Nine in ten retailers globally are planning to raise their spending on artificial intelligence (AI) to optimise their e-commerce operations over the next 12 to 24 months, with online delivery execution a key area of focus. A total of 38% of European retailers identify speed, tracking and proactive communication around the delivery process as areas where AI can deliver the greatest impact.
The technology underpinning retail operations is under scrutiny in 2026 as fashion executives look to streamline systems with the aim to unlock efficiency, cut costs and meet consumer expectations for speed and personalisation in the shopping journey. At the retail event Lightspeed Edge on 12 January, Lightspeed - the unified point-of-sale (POS) and payments platform for SMEs such as Apricot Lane Boutique and Neal's Yard Remedies - convened industry leaders to explore the strategic imperative for integrated technology ecosystems over siloed systems.
Statistics from the 2025 holiday shopping season clearly show that AI is playing a huge role in how people shop. But new research from retail payment platform Adyen found that many consumers are ready for AI to become their personal shopper. Just over half-51%-said they're open to letting AI take over the entire shopping process, including making final purchases. Millennials are the most willing to let agents do their shopping, with nearly three in five saying they are ready for such a shift.