Many factors play a role in the growing frequency of price changes in the retail sector
Price change factors
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Competitivity on price
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Incresing inflation
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E-commerce synchronization
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Volatility of raw materials and product costs
Price change consequences
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Increasing labor costs
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Multiplication of errors and penalties
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Margin loss: sales agreement, price not updated at the end of promotion, etc.
There is a solution to these problems: electronic shelf labeling, for which there has been a surge in global demand in the last years.
SES installations
Nombre de magasins
This rapid growth can be explained by the many advantages of electronic shelf labeling:
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Price flexibility and competitiveness: increased flexibility and responsiveness
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Elimination of manual errors
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Lower labour and paper costs
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Optimization of profits
A fast ROI and substantial savings equaling around 0.5 to 1% of sales
The SES electronic labeling solution has clearly demonstrated its reliability, ease-of-use and efficiency on a daily basis to boost our sales policy. Patrick ANDRE, Head of the electronic labeling project, Monoprix
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