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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Retailers know firsthand how quickly the market can change. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

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Direct vs. Indirect Procurement: Key Differences Explained

Precoro

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. Woolworths, a prominent Australian retailer, utilizes SCaaS to optimize its supply chain operations. According to an article by SCMDOJO, SLAs are an underutilized tool in the supply chain.

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Walmart’s Supply Chain Woes

Logistics Viewpoints

Clearing the stale inventory has helped the world’s largest retailer relieve pressure on their stores and through their supply chain. In times of high inflation, LIFO alleviates the “inventory profit” that would result if old inventory, purchased at a lower price, was used to calculate profits. Demand Planning.

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Securing the Pickleball Supply Chain

Logistics Viewpoints

Without an efficient supply chain, a company can’t meet the demand that exists, and competitors swoop in and grab market share. Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. 25% of the products are purchased and then kitted by the company.

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Uncertainty is the New Normal for Retailers

Cognira

Uncertainty is the New Normal for Retailers. If 2020 and 2021 taught retailers anything, it’s that uncertainty is the new normal. We’ve seen uncertainty with demand , customer behavior , and the supply chain. For retailers, the old way of dealing with demand was to buy excess inventory to fulfill stores for a given period.

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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

However, VF is mitigating this by continuing to diversify their supply footprint, making earlier commitments on raw materials and inventory purchases, leveraging their existing relationships with carriers to secure additional capacity and equipment, ship into more ports, hiring more carriers, and even chartering full-size jetliners when appropriate.