Forbes
In Forbes, BCG’s Tiffany Yeh explains how large retailers can utilize AI to overcome challenges stemming from rising costs and supply chain issues. A joint study from BCG and the World Retail Congress found that 55% of retail leaders surveyed are increasing prices to offset the rising cost of goods. Instead, Yeh urges retailers to use AI algorithms to help forecast demand, anticipate inventory flow, capture customer data, and ultimately offset costs.