Retail Supply Chain Trends
U.S. holiday retail sales in 2016 were up more than 4% over sales during the same period in 2015. Unfortunately several major chains announced or carried out layoffs and store closings in 2016. Several factors are driving this industrywide chaos:
- Online shopping
- Changing consumer preferences
- Explosive growth in the number of e-commerce competitors
- Cost and operational challenges of omni-channel operations
Retailers are focusing a couple key areas for 2017 such as:
- Controlling supply chain costs
- Supporting revenue growth
- Balancing cost and service
Click to read DC Velocity’s article on how retailers are managing their supply chains in an increasingly omni-channel world.