In Case You Missed It: Best Industry Articles and Insights from March
Didn’t catch the latest supply chain, logistics, manufacturing and e-commerce industry news? Below, you’ll find the top articles and trends from March covering various elements of these fast-paced industries.
- Digitalization technologies are permeating and evolving every industry in different ways, but the supply chain is struggling to keep up. A global report by DHL found that of the 350 supply chain and operations professionals surveyed, 95% of respondents are not fully capitalizing on the benefits of innovation and analytics. According to the report, respondents ranked big data analytics as the most important information solution to add value to the supply chain, indicating that their companies plan to invest in this technology. While on the physical hardware front, supply chain professionals are focused on robotics. This Supply Chain Digital article takes a deep dive into the report’s findings and what it means for companies that fail to realize the full benefits of supply chain digitization.
- Toys R Us’s decline is nothing new — though just because their fate is sealed doesn’t mean their suppliers’ has to be. This month, Toys R Us filed to liquidate its operations after filing for Chapter 11 bankruptcy last fall — a consequence that came after succumbing to heavy debt and falling behind the age of e-commerce. The retailer’s two biggest suppliers, Hasbro and Mattel, will suffer the repercussions of the liquidation. Experts predict that Hasbro will likely rebound more rapidly, however, given its ability to better manage debt and maintain stable cash flow. Today’s landscape around investments and bankruptcy has made it more important than ever for suppliers to monitor their customers’ financial health, with this case proving the rule. Read this Supply Chain Dive article to learn why Toys R Us’s liquidation is a true test of supplier resilience.
- FedEx is throwing it in reverse with the announcement of its new platform for package returns: FedEx Returns Technology. The new offering is geared toward helping merchants manage their returns and facilitate an easier return process for customers. While the solution isn’t available yet, potential benefits include a platform that retailers can leverage to gain critical insights on inventory management and an expanded footprint of locations where U.S. consumers can drop off returns. This Business Insider article delves into why FedEx is zeroing in on reverse logistics and how this move can address major pain points for customers and stakeholders alike.
- The backbone of an optimized supply chain are the relationships that fuel it. To ensure they are managing their supply chain as efficiently as possible, brands can focus on a few key areas to see if their supply chain partnerships are just surviving or truly thriving. According to Hans Veenendaal, the best supply chain partners will be honed in on innovation, making sure they have incorporated the latest technology to elevate the supply chain to its highest potential. They will also have the capabilities to remain flexible and agile as industry standards change and advance. And finally, top-notch partners will be as focused on delivering exceptional experiences to consumers as the brand itself. Check if your partnerships embody the essentials of a healthy supply chain relationship in this Inbound Logistics piece.
With the supply chain industry always on the move, be sure to check back in next month to see the top news from April.
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