Earlier this month, the National Retail Federation (NRF) released a rather optimistic forecast of expected holiday retail sales for the months of November and December. Supply Chain Matters however, advises some prudent caution and here is why we take such a view.
Retail Supply Chain
The latest retail industry casualty regarding the permanent change in consumer shopping patterns is now Toys ‘R’ Us Inc. which recently filed for Chapter 11 bankruptcy protection, after struggling with a heavy debt load. While some can bundle this latest action under this growing trend, there are other forces at-play, namely increased supplier assertiveness.
Within the past few weeks and months, there have been rather large sums of logistics investments flowing into the Asia online retailing sector, with a special emphasis on improving logistics efficiency and unique customer fulfillment needs.
Supply Chain Matters cites a report from Business Network CNBC that visually portrays what it’s like to be a home improvement retailer amid natural disasters of the magnitude of Hurricanes Harvey and Irma.
This week, a significant announcement from GS1, the global business communications standards organization has important implications for consumer goods industry pilots directed at business process use cases for deploying blockchain technology
Supply Chain Matters has provided many examples of the implications of the Amazon Effect. Food and consumer goods manufacturers have become so cognizant to the threat of Amazon in their respective markets, that they have taken action to secure their control of customer and other mission critical information. The latest is retailer Target which is reportedly aggressively moving away from dependence on Amazon Web Services.