Supply Chain Management Blog
It seems today that every major automotive company is focused on developing autonomous vehicles. From Uber working to develop a fleet of driverless taxis to automakers like Toyota and Mercedes leaking plans for their own autonomous cars, the world has gone crazy over driverless vehicles.
Customer satisfaction, brand trust, brand attachment, customer and brand loyalty: whether you’re a marketing guru following the latest trends or not, you’ve most likely seen at least one of these terms appear on your screen recently.
In the past decade, the retail industry has changed dramatically. Most notable has been the shift from traditional brick-and-mortar shopping to online and mobile purchasing. As a result of this shift, retailers have been forced to focus on e-commerce and fulfillment strategies to ensure the online or mobile customer has the same excellent experience that retailers were once solely focused on delivering in-store.
Today’s shopping experience is nearly unrecognizable to that of just twenty years ago. In the past two decades, consumers have shifted where, when, why and how they shop. Gone are the days of shopping exclusively in brick-and-mortar stores. Shopping today no longer requires you to leave your house, or even your couch, with nearly 8 out of 10 Americans reporting regularly shopping online or from their mobile device.
It took 46 years for a quarter of the United States population to use electricity. It only took seven years to reach the same usage of the internet.
Why is that?
We’ve all seen (or heard) the TV ads. The one where an Amazon Alexa turns on the sprinklers, or Apple’s Siri tells a would-be chef what he can substitute for butter, or the one where a Burger King employee intentionally sets off Google devices everywhere by asking, “OK Google, what is the Whopper burger?”
We live in a connected world, largely due to the Internet of Things, or IoT for short, but there is, even more, innovation on the horizon due to the emergence of IoX ̶ the Internet of Everything.
“Bundling” has become synonymous with achieving greater value. You might bundle your telephone, internet, and television services. Or maybe you bundle your home, auto, and life insurance. By having all related services bundled into one, not only do you get better value but you also maintain stricter control over your activities. Bundling isn’t just limited to internet and insurance; it can also be implemented within the supply chain.
Here at ModusLink, we take corporate social responsibility and sustainability very seriously. Over the last few years, we’ve instituted a number of processes like our 4-D methodology for assessing new and existing supply chain operations and our sustainable packaging initiatives.
Our world is changing at a rapid rate. Between 1900 and 2000, the increase in world population was three times greater than the entire previous history of humanity – an increase from 1.5 to 6.1 billion in just 100 years. And this population boom doesn’t seem to be slowing down much with 9.5 billion people projected to be living on Earth by 2050.
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