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The official definition of a recession says that the economy is in a recession if the country’s gross domestic product declines for two consecutive quarters. Under this definition, the United States entered an economic recession during the summer of 2022. However, some experts argue that low unemployment, record corporate earnings, and GDP growth in Q3 indicate that the U.S. is not yet in a recession. Unfortunately, whether we’re in a recession right now may be a moot point, as many economists agree that a ... Read More

Online order fulfillment used to rely on Just-in-Time (JIT) inventory practices, wherein predictive software leveraged historical trends and sales data to identify optimal restocking times. This method allowed online retailers to avoid overpaying for warehouse storage. The COVID-19 pandemic exposed a major flaw in JIT inventory philosophies as e-commerce sellers quickly ran out of inventory in the face of massive disruption to their resupply channels. This emergency caused a shift in the other direction, with retailers stocking their warehouses to bursting with safety stock ... Read More