Technology

Tariffs: Centric Software’s AI-Powered Solutions Provide Consumer Goods Brands, Retailers and Manufacturers with Agility to Mitigate Retail Uncertainty

Published

12 months ago

May 1, 2025

Price elasticity, cost simulation, competitive intel, demand forecasting and more are all strategies enabled by technology to combat tariff effects

CAMPBELL, Calif., May 1, 2025 /PRNewswire-PRWeb/ — Centric Software’s product concept-to-commercialization solutions future-proof brands, retailers and manufacturers against uncertainty caused by tariffs and other market disrupting activity. Centric Software® provides the most innovative enterprise solutions to plan, design, develop, source, comply, buy, make, price, allocate, market, sell and replenish products such as fashion, luxury, footwear, outdoor, home, food & beverage and cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

With the recent burst of tariff activity and market volatility, fast-moving consumer goods companies and retailers are faced with widely fluctuating costs and questions about pricing strategies. Real-time access to data becomes crucial in today’s circumstances. Agility is necessary for maintaining market relevance amid shifting market conditions.

Centric Software’s wider end-to-end product lifecycle platform, Centric PLM™ integrates with Centric Planning™, Centric Pricing & Inventory™, Centric Market Intelligence™ and Centric PXM™. All Centric Software solutions, infused with AI optimization as a natural evolution of trusted rule-based methods, target the unique challenges faced by the retail sector and deliver comprehensive, data-driven decision-making for modern retail operations.

Ravi Rangan, CTO at Centric Software states, “If you’re seeing oscillations in cost of goods sold, it causes much uncertainty. You don’t know how to respond, and things are changing by the day.” He continues, “We have tools at our disposal; in addition to Centric PLM for sourcing strategies and what-iffing, Centric Market Intelligence gives us the ability to really understand competitive prices and market trends, Centric PXM gets the feedback from digital & social marketplaces and Centric Pricing & Inventory models price elasticity. With these tools, we’re able to bring some of the unknown-knowns and the known-unknowns into the known-known arena.”

Companies can revamp their offerings or develop new products that cater to evolving consumer demands to mitigate the effects of higher COGS with the right information.

Underpinning the entire platform is Centric PLM which serves as a centralized digital backbone for end-to-end product development and go-to-market execution, empowering businesses with the visibility, agility and control needed to thrive amid global disruptions. With Centric PLM, cross-functional teams can instantly access detailed product, sourcing and cost data in real time to simulate tariff scenarios, assess landed cost impacts—including fluctuating raw material prices, duties and shipping fees—and pivot sourcing strategies to protect margins and maintain supply chain resilience.

Centric Market Intelligence is a key tool in the fight against uncertainty, enabling brands and retailers to understand and adapt pricing strategies across international markets in response to tariffs, inflation and shifting consumer demand. Granular, SKU-level insights and global benchmarking capabilities give users the ability to track competitor price changes over time, evaluate global price architecture, analyze impacted categories, support SKU rationalization and identify over-assorted categories or price bands with low competitiveness, resulting in smarter portfolio decisions in markets where pricing power is challenged. These insights enable brands to respond to macroeconomic pressures and proactively optimize their global assortment and price position, realizing up to 12% increase in average initial price point.

Centric Pricing & Inventory empowers brands and retailers to confidently navigate economic headwinds such as tariffs, inflation and global market volatility. By leveraging AI-powered demand forecasting and dynamic lifecycle pricing, businesses can optimize product performance, drive margins and boost revenues by up to 18% via price and inventory optimization from pre-season to in-season to season completion by remaining responsive to changing conditions through AI-driven demand forecasting, lifecycle pricing optimization, price elasticity and scenario planning, localized and category-level pricing control, aligning pricing with assortment strategy, identifying SKUs to protect, promote or optimize for markdown.

Centric PXM – With Centric Product Experience Management (PXM), brands get an end-to-end solution that combines product information management (PIM), digital asset management (DAM), content syndication to e-comm sites, marketplaces and social media and digital shelf analytics (DSA). It captures demand signals from digital sales channels and shows in real time how consumers are reacting. Having live insights creates a continuous loop, allowing brands to quickly adjust products, pricing and inventory to personalize consumer experiences and increase sell-through.

In this world of fluctuating tariffs, shipping rates and raw material prices, Centric PLM, Centric Market Intelligence, Centric Planning, Centric Pricing & Inventory and Centric PXM support companies in making informed, smart, timely decisions—ultimately contributing to manage risk and uncertainty in the go-to-market journey. This ecosystem integration ensures that market signals, competitor pricing and data-driven insights directly inform product development—supporting more strategic, cost-aware decision-making needed to navigate evolving trade policies.

“The Centric Software approach is making the unknown actionable, so brands can respond with clarity and speed,” says Chris Groves, CEO of Centric Software. “We turn complexity into opportunity, lead with data and act fast to connect decisions across the product lifecycle. Our goal at Centric Software is to equip brands retailers and manufacturers to continuously sense market pulses, recalibrate rapidly and position themselves ahead of the competition.”

https://www..centricsoftware.com/l/35842/2025-05-01/wdylkg [Learn how to mitigate retail uncertainty with Centric Software’s resource hub on tariffs. __title__ Learn how to mitigate retail uncertainty with Centric Software’s resource hub on tariffs.]

https://www..centricsoftware.com/l/35842/2025-05-01/wdylkk [Request a demo __title__ Request a demo]

Media Contact

Celia Newhouse, Centric Software, +14385015498, cnewhouse@centricsoftware.com, www.centricsoftware.com

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SOURCE Centric Software

Technology

2026 Vietnam-China Cross-Border Tourism AI Empowerment Cooperation Exchange Program Concludes in Nanning

Published

3 hours ago

April 19, 2026

NANNING, China, April 19, 2026 /PRNewswire/ — This is a report from china-asean-media.com.

The 14-day “2026 Vietnam-China Cross-Border Tourism AI Empowerment Cooperation and Exchange Program” successfully concluded on April 19 in Nanning, Guangxi. Co-hosted by the Department of Culture and Tourism of Guangxi Zhuang Autonomous Region (China) and the Departments of Culture, Sports, and Tourism of Quang Ninh, Lang Son, Cao Bang, and Tuyen Quang provinces (Vietnam), the event brought together nearly 30 tourism officials and industry representatives from the four Vietnamese localities.

With the theme “Vietnam-China AI + Cross-Border Tourism Exchange and Cooperation,” the program combined expert lectures, case studies on AI applications, and field visits. Participants gained insights into ASEAN-China tourism policies, AI-driven cross-border cooperation models, and smart tourism technologies. Hands-on training enabled them to use AI tools for decision-making, product development, and destination branding.

The delegation conducted field studies in Nanning, Liuzhou, Guilin, and Hechi. They visited the China-ASEAN AI Innovation and Cooperation Center, the “Easy Visit Guangxi” platform, the No. Wang Cultural Industrial Park, and the BAO JUN base, experiencing Guangxi’s smart, industrial, landscape, and wellness tourism offerings.

A meaningful part of the program was retracing President Ho Chi Minh’s revolutionary footsteps in Guangxi, including visits to the former site of Yucai School in Nanning, the former residence of Ho Chi Minh in Liuzhou, and the “September 2” School site in Guilin. On April 17, all participants attended the launch ceremony of the 2026 Vietnam-China Border People’s Carnival in Nanning, witnessing the deep friendship and mutual support between the border communities of both nations.

At the closing ceremony on April 18, a cross-border tourism product design competition was held. The team from Quang Ninh won the Best Design Award, while teams from Lang Son, Cao Bang, and Tuyen Quang received Excellence Awards. Mr. Lưu Bá Mạc, Vice Director of Lang Son’s Department of Culture, Sports and Tourism, praised the program for fostering practical cooperation and opening new directions for the “comrades and brothers” friendship between local authorities.

The program not only provided Vietnamese tourism professionals with valuable knowledge in AI and smart tourism but also laid a solid foundation for future cooperation in building shared tourism information platforms, developing smart products, and enhancing data connectivity. Both sides reaffirmed their commitment to advancing high-quality development of the cultural and tourism industry through AI, contributing to the strategic Vietnam-China community with a shared future.

View original content:https://www.prnewswire.com/apac/news-releases/2026-vietnam-china-cross-border-tourism-ai-empowerment-cooperation-exchange-program-concludes-in-nanning-302746589.html

SOURCE china-asean-media.com

Technology

TCL Solar: Powering Pakistan with advanced solar module innovation

Published

4 hours ago

April 19, 2026

LAHORE, Pakistan, April 19, 2026 /PRNewswire/ — TCL Solar made a strong impact at this year’s Solar Pakistan exhibition (17th-19th April, at Expo Centre Lahore) by unveiling a range of advanced solar solutions designed to meet the growing demand for low-carbon energy in South Asia and the Middle East.

The new T5 Pro solar module represents a major leap in N-type TOPCon technology, delivering breakthroughs in both conversion efficiency and power output. It is designed to be the new flagship product in the industry, offering enhanced performance and long-term value.

Key Highlights of the T5 Pro:

A unique product design: The T5 Pro specificity remains in its design architecture, with an overlapping tri-cut cell construction. This innovative structure significantly boosts the module’s performance, ensuring superior output and higher energy yield.

Product Reliability: The T5 Pro’s low-current technology ensures precise temperature control, with hotspot temperatures up to 45°C lower than conventional modules. This reduces the risk of fire hazards and improves overall module longevity. The module has also passed rigorous reliability tests, making it ideal for diverse applications, including commercial rooftops and ground-mounted power stations.

Customer Value: By enhancing energy generation and reducing project lifecycle costs, the T5 Pro provides a high return on investment for both residential and commercial solar applications.

TCL Solar’s Lightweight Module: Optimized for C&I Rooftops

TCL Solar’s Lightweight Module addresses the specific challenges faced by commercial and industrial (C&I) rooftops, particularly in areas with limited load-bearing capacity.

Improved Power Output: Weighing only 5.4 kg/m², these modules generate 3-6% more power compared to traditional TOPCon modules, offering a highly efficient solution for weight-sensitive environments.

Superior Heat Dissipation: The ultra-thin glass design enhances heat dissipation, lowers operating temperatures and reduces overall weight and making the modules ideal for aging rooftops or structures with limited structural integrity.

Building on the momentum at Solar Pakistan 2026, TCL SOLAR and TAIMOOR TRADING CO. have signed a Memorandum of Understanding (MOU), marking a key step in advancing solar energy solutions. This partnership aims to expand clean power access and drive sustainable development across Pakistan and beyond, with a shared focus on innovation and a low-carbon future.

Focusing on innovation, efficiency, and reduced environmental impact, TCL Solar continues to lead the way in solar technology in Pakistan and across the region, providing solutions that meet today’s energy needs while enabling measurable emissions reductions across the energy value chain.

As Pakistan embraces renewable energy, TCL Solar’s cutting-edge technologies will help drive the growth of low-carbon energy in South Asia and the Middle East.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tcl-solar-powering-pakistan-with-advanced-solar-module-innovation-302746579.html

SOURCE TCL Solar

Technology

TCL Solar: Powering Pakistan with advanced solar module innovation

Published

4 hours ago

April 19, 2026

Key Highlights of the T5 Pro:

Customer Value: By enhancing energy generation and reducing project lifecycle costs, the T5 Pro provides a high return on investment for both residential and commercial solar applications.

TCL Solar’s Lightweight Module: Optimized for C&I Rooftops

TCL Solar’s Lightweight Module addresses the specific challenges faced by commercial and industrial (C&I) rooftops, particularly in areas with limited load-bearing capacity.

Improved Power Output: Weighing only 5.4 kg/m², these modules generate 3-6% more power compared to traditional TOPCon modules, offering a highly efficient solution for weight-sensitive environments.

As Pakistan embraces renewable energy, TCL Solar’s cutting-edge technologies will help drive the growth of low-carbon energy in South Asia and the Middle East.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tcl-solar-powering-pakistan-with-advanced-solar-module-innovation-302746579.html

SOURCE TCL Solar