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Surviving an Economic Downturn in the Retail Sector

Enterra Insights

What’s more, 39% say getting a good deal is as pleasing as eating their favorite food, and 37% believe it’s as good as going on vacation. But for anyone harking back to the last major recession in 2008, the stakes are far different this time around for consumers and retailers.”[4] What do they consider a good deal?

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This Week in Logistics News (July 3 – 9)

Logistics Viewpoints

Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. The engineers will begin by developing 3D software to emulate the “complexities of real life.”

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How Consumer Behavior is Changing

Enterra Insights

Now, all that manufacturing, logistics, pricing, customer engagement and general commerce data is obsolete.” Fear-based behavior that started during the pandemic will persist long after, and these consumers will prefer bulk purchases, hyper-localization, healthy and functional foods, product transparency, and preventative masstige products.”

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PRO Point of View: Pascale de Felix, Global Sourcing Director – Methods, Tools & Responsible Sourcing at the Bel Group

EcoVadis

Launched in 2018 with Shui Mahieu, Sustain gave us an opportunity to embellish our gallery with portraits of responsible purchasing professionals. Global Sourcing Director – Methods, Tools & Responsible Sourcing (Bel Group). Pascale, how did you get into responsible purchasing? Pascale de Felix .

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Bio-based Products Future is Promising, but Hurdles Exist

Supply Chain View from the Field

As an example, Chemical Manufacturing (NAICS 325) encompasses a variety of chemical manufacturing codes including petrochemicals (3251), but none for biobased chemicals. The US produces a lot of corn, but there is still a large part of the population that believes the food versus fuel debate is alive and well!

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The Batch Food Traceability Survival Guide

RFgen

Overview: Food Traceability Is a Growing Compliance Challenge. Calculating the Cost of a Food Recall. Additional Food Traceability Resources. Food and Drug Administration (FDA) first exercised new powers granted under the Food Safety Modernization Act (FSMA) to shut down processing at the Sunland Inc.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.