In 2020, $1.1 trillion dollars were lost worldwide from distortions in inventory management with 46% of these errors occurring because of the innate difficulty humans face in predicting trends and ordering inventory accordingly. 

That’s $506 billion dollars lost from inadequate infrastructures available to small retailers and wholesalers. Augmenting this issue are the 43% of small retailers who lack any sort of inventory management program but instead choose to manually track their stock through consumer requests or industry standards.