NEWS parcelLab launches returns forecast AI to give retailers improved visibility and control over returns process
ParcelLab , a premier global provider of post-purchase experience software , has announced the launch of parcelLab Returns Forecast AI . The new tool leverages AI to estimate inbound parcels for retailer warehouses , allowing retailers to forecast returns volumes and identify trend changes more accurately , better plan warehouse resources , reduce processing times and operational costs . Returns Forecast AI is purpose-built for retailers to strengthen their ability to anticipate and mitigate the financial impact of returns , providing more stability .
Today ’ s warehouse managers and logistics specialists have limited or poor visibility into returns and are unable to incorporate peak seasonality and historic data patterns into their forecasts . parcelLab ’ s Returns Forecast AI allows them to replace manual , error prone inbound forecasting processes with data-driven AI insights to enhance resource planning , drive operational efficiencies and improve financial forecasting .
Operationally , the ability to accurately predict returns can lead to substantial cost reductions by optimising staffing levels and minimising the costs associated with returned inventory such as transportation , handling and processing costs . The tool generates a predictive returns analytics report so retailers can proactively plan to avoid over- or understaffing , incorporating custom peak and sales periods into their forecasting to optimise utilisation during lower workloads and avoid additional payments during peak seasons . Returns Forecast AI also enables better revenue forecasting and planning as retailers can anticipate return volume , understand reasons for returns and identify product improvements to reduce future returns .
Justin Sun , the founder of TRON , has announced a notable advancement in the Blockchain realm : gas-free stablecoin transfers . This feature is scheduled to be available on the TRON Blockchain by the end of this year . The new technology aims to eradicate transaction fees for users , enhancing the accessibility and efficiency of stablecoin transfers . Sun envisions that this development will significantly lower the barriers to stablecoin usage , thereby promoting widespread adoption .
Stablecoin transfers are essential for users who need to move funds swiftly and securely without the usual volatility associated with cryptocurrencies . The introduction of gas-free stablecoin transfers addresses a crucial issue in the Blockchain ecosystem . Traditionally , transferring stablecoins incurs gas fees , which are paid in the network ’ s native token . Under TRON ’ s new approach , the stablecoins themselves will cover the fees . This will streamline the user experience for stablecoin transfers and eliminate the need for users to hold native tokens for transactions . Implementing this solution will necessitate updates to TRON ’ s Blockchain protocol and adaptations for other networks to ensure smooth integration .
However , Justin Sun and his companies continued to be embroiled in a legal dispute with the US Securities and Exchange Commission ( SEC ). The SEC sued Sun last year , accusing him of selling unregistered securities through celebrity endorsements and public
TRON to introduce gasfree stablecoin transfers by year-end
appearances . Sun and his companies have contested the SEC ’ s jurisdiction , but the case remains unresolved . The SEC continues to assert jurisdiction due to Sun ’ s significant presence in the US .
As the crypto world evolves , companies like TRON continually seek ways to enhance usability and drive adoption . Innovations such as gas-free stablecoin transfers could greatly influence daily financial interactions , bringing Blockchain technology closer to mainstream acceptance . Whether this particular innovation will integrate cryptocurrency into everyday transactions remains uncertain , but it certainly represents a significant step in that direction . www . intelligentfin . tech
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