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Innovation will be a constant quest for retail supply chain owners over the next decade, and they must stay alert and adapt to the best supply chain management systems.
FREMONT, CA: Optimizing the supply chain is known to ceaselessly evolve to be an even more essential focus for retailers in 2020 and beyond. Retail supply chains have grown by leaps and bounds over the past years. But that is not enough in today's digital context, as the retailers move towards omnichannel retailing to provide customers who wish to shop across channels.
With e-commerce sales mostly driving revenue growth in the retail sector today, it is very critical to attaining strong supply chain abilities to correctly carry out fulfillment and increase customer service both in-store and online. Leveraging technology, retailers offer a consistent experience across various channels, which will be in an advantageous position.
The supply chain has great potential to enhance the environmental rating of products and retailers. Sustainability is a significant trend that is being driven by consumer awareness. By managing and improving the social and economic performance throughout supply chains, organizations can conserve resources, optimize processes, save costs, increase productivity, and also promote corporate values.
Retailers need to adapt their supply chain processes to make sure that the retailers don't fail during the last mile of delivery, making sure products get to collection points or straight to the door in a very cost-effective way. The supply chain is going to be very important to meet shopper expectations and make sure that all the hard work retailers put in from buying decisions to the in-store experience is realized. Even in today's complex retail environment, where the customers value a variety of products, environmental sustainability and want to shop at any time and any place, the retailers need to be supplying the right product at the right time at the right price.
See also: Top Retail Solution Companies
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