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NOT Your Dad’s Supply Chain: 4 Trends Every Retail Exec Should Know for 2024

Retail TouchPoints

In 2024, it won’t be your dad’s supply chain. These four emerging trends elevate the urgency for supply chain execs to move distributed order management (DOM) to the top of their lists. #1: Retailers need additional tools to fully integrate these stores’ back-of-house (BOH) operations into the rest of their supply chain.

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Tackling the Growing Problem of Fashion Returns Earlier in the Supply Chain

Retail TouchPoints

With that being said, however, the skyrocketing rates of online shopping came with its own set of challenges — particularly when uncovering the behind-the-scenes side effects on the supply chain. The recent crisis has revealed the fragmented nature and vulnerability of many supply chains.

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Look to the Skies, Dallas: Walmart Expands Drone Delivery to 30 DFW Metroplex Municipalities

Retail TouchPoints

The drones can deliver multiple items, such as supplies for a home movie night or ingredients for cookies, including fragile items like eggs. Customers have used the service for last-minute items, such as a forgotten ingredient or over-the-counter cold medicine, or simply for the convenience of having snacks and beverages delivered quickly.

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Indirect Procurement: Fueling Innovation in Retail’s New Reality

Retail TouchPoints

These and other breakdowns along the complex global supply chain have caused shipping costs to soar and other expenses like warehousing, marketing and packaging to skyrocket as well. The key to addressing the retail sector’s supply chain nightmare could lie in a sometimes-overlooked area: indirect, or not-for-resale, expenditures.

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The Top 10 Predictions for Holiday 2021

Retail TouchPoints

Shoppers are increasingly aware of supply chain challenges, and 62% are very or somewhat concerned about not receiving their items in time for the holiday when they shop online Black Friday through Cyber Monday, according to a survey by Publicis Sapient. Supply Chain Challenges Will Lead to a Reduction in SKUs.

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4 Ways Retailers Can Cut Waste by Improving Supply Chains

RetailMinded

Efficiency, especially in their supply chains, will be crucial for most operations. Supply chain inefficiencies such as out-of-stock, overstock, and returns cost retailers nearly $2 trillion yearly. Cutting down on supply chain waste should afford companies some breathing room through better margins in this new business normal.

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How a Reactive Omnichannel Strategy can Help you Capitalize on Reactive Buying Trends

Retail TouchPoints

The UK’s largest independent builder’s merchant, MKM Building Supplies , recognized that the building supplies industry was changing, with 45% of its current customer base set to retire within the next five years.