Bevite Helps Retailers Fight Amazon with the First Transparent Commercial Blockchain Platform that Eliminates Excess Inventory
Summary
NEW YORK, April 18, 2018 /PRNewswire/ -- A team of retail technology giants has announced the Beta launch of the Bevite™ marketplace, the industrys first transparent commercial blockchain platform. The companys leadership team is comprised of industry leaders such as Jamie Driver, Jayson Kim, Kent Anderson, Milton Pedraza, and Scott McNealy. They represent a cross-section of some of the retails most successful multi-channel branded business ventures, including Macys, Barneys New York, Fossil, J.Crew, Nine West and Sun Microsystems. With constant shifts in consumer demand (purchase behaviors) and production supply (order minimums), merchants are unable to minimize inventory investments in the absence of accurate retail planning data across their sales channels. The problem is that their customers tend to overlap in these sales channels, resulting in an overwhelming amount of bad inventory that impacts their bottom line."