Bringoz Industry Weekly 10/6

he port strike comes to an end with a tentative agreement. Holiday spending between Black Friday and Cyber Monday is expected to hit a new record. Amazon is looking to hire 250,000 holiday workers. Read about these stories and more in our weekly industry news roundup.

The short-lived strike by dockworkers that shut down East and Gulf Coast ports came to an end late Thursday when the International Longshoremen’s Association and the United States Maritime Alliance announced they had come to a tentative agreement on wages and an extension of the master contract. The new deal provides a pay raise of 61% and extends the master contract to Jan. 15, 2025, to allow the sides to negotiate outstanding issues. Read more.

U.S. retail sales between Black Friday and Cyber Monday are forecast to rise 5% year over year to $75 billion “for the first time ever,” according to a new Bain & Company report. About 8% of the U.S. retail sales during the holiday season will occur during the Black Friday to Cyber Monday period, the highest proportion on record for that timeframe. Last year, consumers spent the most on Dec. 22, followed by Black Friday (Nov. 24) and Christmas Eve (Dec. 23), per Bain’s report. Read more.

For the 2024 holiday season, Amazon is looking to hire 250,000 full-time, part-time and seasonal roles across its customer fulfillment and transportation operations in the United States. This matches the record-setting figure the company set in 2023 and 100,000 more than it hired in preparation for the holidays in 2022 and 2021. Amazon is bringing on a large number of seasonal hourly employees as it has been adding perks for the more than 800,000 hourly members of its U.S. frontline worker team. Read more.

The holiday season is one of the busiest and most profitable times of the year. As the retail industry continues to evolve, staying ahead of the holiday trends is essential for retailers looking to make the most of the holiday rush. From early sales to engaging online experiences, the 2024 holiday season is setting up to be one of the most lucrative yet. Here’s a look at the top retail trends to watch this holiday season. Read more.

As we approach the 2024 holiday season, it’s crucial for retailers to stay ahead by understanding the latest trends and adopting strategies that ensure a smooth and profitable holiday rush. By implementing strategies that prioritize convenience, flexibility, and a seamless shopping experience, retailers can capture the attention of holiday shoppers. Here’s a look at how retailers can prepare for the holiday rush. Read more.

As businesses navigate through supply chain challenges like fluctuating demands, inclement weather, and geopolitical tensions, the imperative to build a resilient, efficient, and future-proof supply chain has become paramount. To stay ahead of potential supply chain issues, businesses must reimagine their supply chains and embrace innovation. Here’s a look at some of the key components of building the supply chain of the future. Read more.