In this article, Abhinav Chandra explains how using AI can improve business processes and sales.  Buying and inventory management automation can help retailers and brands react quickly, reduce markdowns and liquidations, improve customer experience, and drive profit. The fashion industry has been one of the hardest hit by COVID-19. The unprecedented 32% decline in first half sales year-over-year has not been distributed consistently across categories. Below we present data that details the contrasting fortunes of two categories within fashion…

  Abhinav Chandra takes a look at the forthcoming holiday season to predict how fashion companies will deal with customers’ expectations, and sales decline during the pandemic. Tackling the dual threat of COVID-19 and climate change; a data-driven action plan for retailers to adapt quickly to changing consumer purchasing behavior. It has been an eventful few months since we last published our forecast on May 13th 2020. We have seen the slowdown of COVID-19 cases in May/June and lifting of…

  Abhinav Chandra reflects on the fall of sales during the pandemic, provides a sales forecast on the coming holiday season, and offers advice on actions fashion companies should take now. Tackling the dual threat of COVID-19 and climate change; a data-driven action plan for retailers to adapt quickly to changing consumer purchasing behavior. It has been an eventful few months since we last published our forecast on May 13th 2020. We have seen the slowdown of COVID-19 cases in…

Umbrex is pleased to welcome Abhinav Chandra.  Abhinav is a seasoned Senior Leader with deep expertise in Retail/Consumer and Technology across a wide range of functional areas. Abhinav was an Associate Partner in McKinsey’s Retail and Operations practices where he served multiple clients on topics including omni-channel supply chain strategy, marketing and growth strategy, store operations and private label design and sourcing to name a few. Post McKinsey, Abhinav was at Amazon, where he was Head of Customer Experience, Worldwide…