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Retail is the sale of goods or services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit.
Retailers, from producers to consumers, are the final link in the supply chain.
Tray, a cloud-based point-of-sale (POS) provider that operates on legacy hardware has announced a strategic partnership with Alraedah Digital Solutions, a Saudi Arabia-based digital solutions provider. This collaboration aims to cater to the needs of small and medium-sized enterprises (SMEs) and larger clients across various industries in the MENA region, […]
The Canadian Food Innovation Network (CFIN), a non-profit organization, is at the forefront of fostering innovation in Canada’s food industry, helping to grow the economy through collaborations, investments, and connections across the food ecosystem. The organization is keen on translating insights from its Innovation Advisory Council and members into funding […]
Singapore’s Food and Beverage (F&B) sector is grappling with a significant workforce shortage exacerbated by the COVID-19 pandemic. Despite the challenges, the industry saw a net increase of nearly 1,500 new companies in 2021, the highest in the past 30 years, indicating an oversaturation and intensifying competition for the workforce. […]
Nextbite, once a thriving virtual restaurant company, has faced several setbacks, including multiple layoffs and selling its technology arm, Ordermark, to UrbanPiper, an Indian company. Recently, it was acquired by SBE CEO Sam Nazarian, the leader of its former competitor, C3, marking a significant consolidation in the virtual restaurant sector. […]
Dine Brands, the parent company of popular restaurant chains Applebee’s and IHOP, has partnered strategically with Franklin Junction. This firm facilitates restaurants to flourish as virtual brands in new international markets. This collaboration will enable Applebee and IHOP to venture into fresh markets, including Japan, the Netherlands, France, and Belgium, […]
In the bustling world of food delivery, restaurants face many challenges. From manual order entries to the chaos of “tablet hell,” the road to delivery success is paved with obstacles. But fear not; we’ve got the solutions to help you streamline your operations and thrive in the digital dining era. […]
In a constantly evolving world, the restaurant industry is not left behind. The buzzword “omni-channel” is no longer confined to the retail sector; it has gracefully entered the food and restaurant sector, promising a revolution that caters to the modern consumer’s desire for convenience, speed, and personalization. The Omni-Channel Revolution […]
SinBun is a local ghost kitchen offering unique savory and sweet twists on cinnamon buns, such as buffalo chicken and cookie crumble toppings. This ghost kitchen turned a traditional cinnamon bun into a savory steak & cheese roll for two.
The last mile is the final leg of the journey for a product, from the fulfillment center to the customer’s door. It is often the most expensive and time-consuming part of the supply chain and the most critical. A well-run last-mile operation can ensure that products are delivered on time, […]
Type Description Examples Grocery Store Small store with a limited range of everyday items. Often open for long hours. Local grocery stores Supermarket Larger store with a wide variety of products, including non-food items. Kroger, Tesco, Safeway Hypermarket/Supercenter Combines a supermarket and department store. Sells a vast range of products. […]