Supply Chain Management Blog
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.
At ModusLink, it’s no secret that we’re headed toward a smarter and more connected world. It’s something we hear every day from our customers and see in our daily lives as we rely more and more on devices to complete tasks and gather information.
One of the biggest stories of Fall 2016 was the Samsung Galaxy Note 7 recall. While the company is just now starting to move past that massive product and public relations disaster with the release of new devices, it remains an example of some of the enormous logistics challenges that can present themselves without warning.
Subscribe today and get the latest in Supply Chain, Logistics and eComm from our thought leaders