5 ways to level up Amazon inventory management

Author

Stephen Babcock
May 31, 2023

After Amazon FBA made big changes to inventory requirements over the last year, sellers are now getting rewarded for being highly accurate. Emplicit’s Evan Sherman offers strategies that can help unlock increased storage limits, from using data and prioritization to taking Amazon-specific approaches to packaging and shipping.

The announcement of official dates for Prime Day 2023 remains eagerly anticipated, but brands and sellers aren’t waiting around to begin planning for the big event. New survey results from Tinuiti indicate that consumers are gearing up, too. More than half of Prime members are planning to spend more than last year, while 20% research what they want to buy more than a week in advance. – Chain Store Age

In this week’s funding and M&A roundup, Ariana Grande’s r.e.m. Beauty gets new investment, while Campbell Soup and Qurate Retail are divesting well-known brands. On the software front, there’s new investment for CPG competitive intelligence and automated savings.

Virtual try-on tools are helping consumers shop for rings and watches. By placing a wrist or finger on the phone screen, shoppers can determine the size that fits. For brands and retailers, Perfect Corp. said such tools can help to cut down on returns. – Retail Dive

Consumers were in a more gloomy mood about their future prospects this month, according to the Conference Board. Consumer confidence slipped, as the outlook on the job market saw a “deterioration.” Yet there was a bright spot in discretionary spending, with more people indicating that they are expecting to buy big-ticket items such as cars and appliances.

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