Global communications service provider Sigfox has released a tool for tracking the locations of goods at a low cost, that serves as an alternative to radio frequency identification or GPS.
Analyst Insight: No one can predict potential future risks that a supply chain may face. However, you can prepare for these potential risks and disruptions. Understanding and preparing is crucial in creating a sustainable top-performing supply chain, with flexibility and awareness. - Sara Shingleton, senior consultant, Tompkins International
Once considered a competitive advantage, store footprints have now become a burden for many chains as more shopping moves online. This week, executives from several large retailers and online sellers, including Amazon.com Inc., were under the same roof at Shoptalk to discuss the future of retail - and where physical locations fit into the picture.
Adidas set a target last week for sales in North America to rise by almost half by 2020, predicting strong demand will continue for fashion sneakers after its retro Superstar was the top selling shoe in the U.S. market in 2016.
Analyst Insight: Supply-chain executives are under tremendous pressure to continually re-optimize their supply chains. While supply-chain economics must dictate where manufacturing and distribution assets should reside, tax changes and opportunities need to be looked at in parallel with the supply-chain economics to sustain the planned benefits. Looking forward to 2020 and beyond, we believe companies should pay particular attention to four trends that will accelerate the need for a tax-efficient supply chain. - Michael DuVall, principal, Bradley Slattery, principal and Jared Lapin, director, PwC
Analyst Insight: In the age of information, there is a tremendous opportunity for retail companies to distinguish themselves as consumer-centric by exceeding expectations for online product content. Many retailers and brands are stepping up their ability to provide the detailed, accurate digital product information consumers need to make informed purchase decisions. To create competitive end-to-end shopping experiences, these companies are leveraging global standards to make it easy for consumers to discover and purchase products whenever and wherever they are. - Rich Richardson, vice president of standards development, GS1 US
Since September 2016, Ukrainian retail hypermarket Auchan has been piloting Bluetooth Low Energy (BLE) beacon technology at its Kiev [Kyiv] store to better interact with customers based on their location within the store.
Analyst Insight: The retail industry might be the most impacted by digital disruptions, on top of the obvious turmoil retailers' face due to the rapid growth of e-commerce. Retailers also face all of the disruptions in the transportation industry, as retail has always been about moving merchandise from its point of origin into the hands of consumers. - Jim Tompkins, CEO, Tompkins International
The latest supply-chain news, analysis, trends and tools for executives in the consumer packaged goods industry. Learn how consumer packaged goods companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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