Supply Chain

From Cost Focus to True Value Creation: On the Road to Analytical Sourcing and Supply Chain
November 17, 2017 at 9:00 am

The 2017 Global Sourcing Reference report from Kurt Salmon, part of Accenture Strategy, highlights that retailers which shift production to alternate locations with cheaper labor costs are chasing a temporary fix to a bigger problem, as costs rise in sourcing regions globally. Instead, retailers must move away from a sourcing cost obsession and focus on reinventing their operating model to unlock trapped value in their supply chains. Technology innovation — across analytics, artificial intelligence, robotics, 3-D printing and other areas — will be the key enabler on this path forward, fostering better collaboration and visibility across the value chain while greatly improving product innovation, time to market, reliability, execution and quality.

Alibaba, Retailers Gearing Up for Successful Singles Day
November 10, 2017 at 10:34 am

This Saturday, Nov. 11, the Chinese e-commerce giant Alibaba will hold its annual Singles Day event, which last year grossed $17.8 billion (USD) in sales, up from $14.3 billion in 2015, according to a report from Fung Global Retail & Technology (FGRT). The 24-hour phenomenon has quickly become the world's largest shopping day, consistently surpassing…

Zara Workers Hide Tags in Garments Seeking Help
November 7, 2017 at 12:10 pm

Fashion retailer Zara says it's working on establishing a “hardship fund” to help a group of Turkish workers who were left unpaid when an outsource factory closed down. The workers went into Zara shops in Istanbul, leaving tags inside garments that read: “I made this item you are going to buy, but I didn’t get paid…

Jet Launches Private-Label Brand, Uniquely J
October 24, 2017 at 12:15 pm launched its private-label business, Uniquely J, as it continues its push to tap urban millennials and its corporate parent Wal-Mart fortifies its fight against Uniquely J will offer a variety of goods, including toilet paper, coffee and laundry detergent. In keeping with its focus on "metro millennials," Jet has placed emphasis on items that are…

Retailers Seeking to Source at Consumer Speed, Report Finds
October 9, 2017 at 4:34 pm

With retail supply chains growing more complex by the day, it’s no wonder retailers are struggling to get their products to market faster and at a lower cost than their competitors. The industry is evolving at a rapid pace, producing intense competition like we’ve never seen before. As a result, retailers are finding it necessary…

Costco Launches Same-Day Grocery Delivery
October 9, 2017 at 11:53 am

Costco announced last week that it's offering customers same-day grocery delivery. On Thursday, the company announced two new delivery options: two-day delivery for dry goods, and same-day delivery for orders that include fresh foods. The same-day service will be powered by grocery delivery company Instacart. The same-day delivery option, available in “most metropolitan areas,” lets…

Toys"R"Us Vendors Cut Shipments on Bankruptcy Fear
September 15, 2017 at 10:36 am

Some suppliers to Toys“R”Us have scaled back shipments to the retailer as it struggles to refinance debt and avoid a potential bankruptcy filing, according to people with knowledge of the matter. The vendors are balking as Toys“R”Us continues talks with lenders over a new loan that would allow the retailer to stay open while it works…

Retailers Brace for Hurricane Irma, Potential $1.45B Sales Loss 
September 8, 2017 at 12:54 pm

Hurricane Irma, the strongest storm in the Atlantic Ocean on record — which at the time of writing is forecast to be heading towards the coasts of Florida — is expected to cause retailers serious grief. Business weather intelligence provider Planalytics assessed Irma's potential economic impact and reported that lost retail sales could total $1.45 billion…

Smartphone Cameras: Let Your ‘Digital Eyes’ Capture Real-Time Data
August 18, 2017 at 8:40 am

We’re at the point where the majority of consumers have a smartphone with them at all times, meaning they also carry a camera wherever they go. Whenever something noteworthy happens in the world, there's almost always a picture or video available immediately. And with each year that passes, camera technology continues to improve while the…