Indian entrepreneurs could reduce online garment returns with AI

Indian entrepreneurs could reduce online garment returns with AI


This week’s top stories include Indian
entrepreneurs could reduce online garment returns with AI, UPS’s 2018 rate
increases will hit retailers especially hard and Vietnam poised to become number
one trade war relocation destination. Remember to click the link below for the
full stories and two other featured articles. First up, Indian entrepreneurs could
reduce online garment returns with AI. Consumer ready-made fashion is defined
by just a handful of sizes. And clothing sizes are essentially meaningless when
you consider the differences in size and fit between brands. With all the size and
confusion, it’s no wonder 41% of consumers buy multiple sizes with the
intent of returning when they shop online.
A New Jersey start-up called Mirrorsize, along with two professors from the
Indian Institute of Technology Delhi, see AI as the solution to this sizing
confusion. They’ve set up a research center in a South Delhi neighborhood,
with a dozen engineers, to develop a technology that can help merchandisers
and retailers accurately size garments within half an inch. The technology
doesn’t solve the garment industry’s sizing discrepancies. But it could
drastically reduce sizing confusion for consumers. Next up, UPS’ 2018 rate
increases will hit retailers especially hard. UPS announce this year’s rate
changes just 20 days before they took effect. Additional fees that will impact
retailers include rate increases of roughly 9% for UPS sure posts, increased address correction fees for ground deliveries, which have risen 64% since
2010, additional handling charges for U.S.
domestic packages and a new fee if shipment data is an in the UPS shipment
database at the time of delivery of the shipment. Several UPS is rate increases
specifically target large packages, which may be an attempt to shoulder out large
shipments in favour of a small package network. Analysts also expect additional
and periodic rate increases throughout the year. And this year’s announcement
perpetuates UPS’ trend of providing less time between announcing rate hikes
and their taking effect. Last up, Vietnam poised to become number one
trade war relocation destination. Vietnam’s government is drafting a new
policy to draw in high-tech firms, finalizing a free trade
pact with the EU and securing another with 10 Pacific Rim countries. And Vietnam’s location is another major plus. It shares a land border with China and is
position for eastbound marine shipping. The country also maintains a trade
surplus with the U.S. and boasts low labor costs. But despite these benefits, companies
have been slow to shift production. Vietnam isn’t gaining big from the trade
where yet, but exponential growth may be on the horizon. Those are just the top
three stories from this week. To read the other two, follow the link in the
description below. Thanks for watching and tune in next week on Best in
Manufacturing!

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