Which innovative retail data strategy did Nike implement in 2021 that revolutionized their inventory management and reportedly reduced overstock by 30%?

The sports retail industry has undergone massive transformation through big data analytics. Leading sports brands now collect and analyze enormous amounts of consumer data to optimize everything from inventory management to personalized marketing. How well do you understand the technological innovations reshaping how sports products are marketed and sold? Test your knowledge of retail big data in the sports industry with this challenging trivia question!

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Consumer Demand Sensing (CDS) - AI-powered predictive analytics that forecast regional demand patterns based on social media trends and local sporting events
Global Supply Chain Optimization (GSCO) - Blockchain-based tracking system that monitors manufacturing efficiency across international production facilities
Dynamic Pricing Matrix (DPM) - Algorithmic pricing system that adjusts product costs hourly based on competitor pricing and local weather patterns
Retail Location Intelligence (RLI) - Heat-mapping technology that analyzes in-store customer movement patterns to optimize product placement