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How Macy’s Avoids Inventory Glut
Retailers across the country are struggling with inventory pileup due to 2021’s massive supply chain delays. Unloading these previous-season goods has become a top priority for the upcoming holiday and winter season. But Macy’s is singing a different tune: the retailer managed to avoid most of this inventory glut, and reported to the Wall Street Journal that more than half of its offerings for the holiday season will be new.
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Land Of The Lost And Other Peak Season Challenges
A whopping 92% of merchants surveyed by UPS Capital report costly impacts to their business as a result of lost, stolen, or damaged shipments. Half of merchants say they lost $50,000+ in the past year.
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VERTICAL FOCUS: Automotive Aftermarket
Here’s a look at supply chain trends in the automotive aftermarket space.
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IN BRIEF: New Services and Solutions
From a lighter refrigerated truck body to a new U.S.-Korea airfreight service, here are some notable supply chain services and solutions that recently hit the market.
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NOTED: Supply Chain Highlights
From philanthropy initiatives to recent mergers and acquisitions, here’s what’s new and notable in the supply chain.
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Why You Should be Spending More on Your Pallets
Sometimes, finding a way to operate more efficiently forces a company to examine processes that haven’t changed for decades. Take the pallet. This simple, but crucial, item ensures stable loads and are essential to moving goods throughout the supply chain. They’re typically made of wood and are inexpensive—maybe about $15 per pallet. This may not seem cost prohibitive, but with up to 2 billion pallets in use in the U.S. alone, businesses must examine ways to reduce this cost without cutting corners.
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On Manufacturing Pessimism
“Given current economic trends, it’s understandable that manufacturers’ optimism is declining. Yet, increased demand offers some promising news. To keep up, business leaders should diversify their material suppliers and challenge logistics providers to find ways to tighten delivery times. And, to address employee shortages, companies must revisit their talent strategies and implement comprehensive recruitment and […]
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NOTED: Supply Chain Highlights
From net-zero carbon initiatives to recent mergers and acquisitions, here’s what’s new and notable in the supply chain.
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What’s the Most Valuable Logistics Brand?
The answer is UPS, according to the 2022 Brand Finance Logistics 25 report. With a brand value of $38.5 billion, UPS has held on to the top spot as the most valuable logistics brand in the world. Since last year’s report, the company’s brand value has increased by 28%.
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Get Ready for the Hype
Industry buzz usually surrounds the release of a new Gartner Hype Cycle, and the 2022 Hype Cycle for Supply Chain Strategy is no different. The annual findings detail important changes in which strategies, technology, and workflows are making an impact. Along the continuum are these categories: Innovation Trigger Peak of Inflated Expectations Trough of Disillusionment […]
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