“Consumers return 30% of ecommerce purchases and a study from Shopify reveals that 40% of consumers buy variations of a product online intending to send back most of the order.” https://www.google.com/amp/s/www.digitalcommerce360.com/2020/06/08/how-artificial-intelligence-and-augmented-reality-can-put-a-dent-in-return-rates/amp/
Tag: returns
Madrid-based Usizy serves brands such as Calvin Klein, Nike and Lacoste, among others — reducing returns, on average, by 25 percent.
“Citing data from Statista, the U.S. returns problem will surmount $550 billion by 2020, up 75 percent from 2015. Business, companies can see on average, returns rates reduced by 25 percent, conversion rates boosted 20 percent, as well as customer loyalty lifted by 3 percent.” https://www.google.com/amp/s/wwd.com/business-news/technology/ecommerce-returns-reduction-usizy-new-smart-tool-1203238639/amp/
5 key areas where Indian retailers can leverage AI – IndianRetailer.com
“Artificial Intelligence is taking over retail and has been used across the entire product and service cycle. Supply chain Flipkart which was acquired by US retail giant Walmart this year is using machine learning (ML) to arrive at a structured address classification system for order deliveries, The ML solution classifies and resolves inconsistencies with a…