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Retailers are not responsible for the ongoing issues with the global supply chain, but they must act to mitigate them.
The COVID-19 pandemic has severely impacted the efficiency and effectiveness of the supply chain. In addition, global shipping is still feeling the after-effects of the March Suez Canal blockage.
Inevitably, customers will blame retailers for products that are out of stock, delivered late, or sharply go up in price. This means retailers need to push aside any notions that the supply chain isn’t their problem to fix. Here are three technology solutions retailers can utilize to mitigate logistical challenges.
Sustained inflation has compressed consumer spending across categories, resulting in softened sell-through rates and climbing aged inventory ratios. For retailers, brands, and manufacturers, the downstream effects are distinct, but the core problem is the same: the excess inventory is there,…
This well-known athletic retailer had large volumes of aged overstock held at various distribution centers (DCs) around the country. A small group of jobbers purchased the inventory on informal terms, managed by each DC, leading to inconsistent processes and outcomes…