Amazon is increasingly warning sellers that they will be penalized if they offer their products for less money on rival websites, Bloomberg reports. To avoid risking their Amazon sales, merchants often respond by raising the price on rival sites.
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The eventual nationwide deployment of 5G networks will allow for increased supply chain visibility and logistics improvements through the rapid transfer of real-time data, writes GlobalTranz Chief Technology Officer Greg Carter. For instance, 5G networks could be used to quickly share inventory information, allowing for the automatic distribution and delivery of supplies, Carter writes.
Business-to-business marketers must incorporate customer reviews into their strategy to build trust among their audience and instill the confidence that prompts prospects to buy, Deirdre O'Donoghue writes. Share insights with both product and sales colleagues to ensure they know what customers like or don't like and monitor reviews to engage immediately with those who leave negative feedback, she advises.
CEOs and boards should ensure that they agree on a strategy and support that by building high-performance teams based on agreed-upon talent and culture structures, write Dan Wolf and Brooke Felger. "Strategic teams represent collections of individual talent, carefully blended together for the broader strategic work to be done," they write.
Encouraging employees to contribute ideas is never easy, but it's made more difficult when careers suffer from speaking up, writes Josh Levs. Furthermore, a structured process is necessary to receive innovative ideas and figure out what to do with them.
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