In Case You Missed It: Best Industry Articles and Insights Last Month
Need help keeping up with the latest supply chain, logistics, manufacturing and e-commerce industry news? Below, you’ll find the top articles and trends from January covering various sections of these ever-evolving industries.
- The Internet of Things (IoT) has made its way into our cars, kitchens and even supply chains. Implementing the IoT into the supply chain provides a new level of transparency. The IoT is moving to replace tracking numbers and barcodes with RFID and GPS sensors to track products “from floor to store.” By implementing these methods, manufacturers can better manage quality control, delivery times and product forecasting. IoT connected sensors can track inventory with ease, ensuring manufacturers never miss a deadline. Forbes has more on how the IoT will impact the supply chain by opening revenue opportunities, connecting shipping fleets, tracking assets and so much more.
- Last month, Sam’s Club announced that it would be closing dozens of stores and even converting a few into e-commerce distribution centers. This move is just another example of how Walmart, owner of the giant wholesaler, is looking to better serve online consumers. More and more consumers are moving away from monthly bulk purchases and steering toward smaller, more frequent buys. Consumers are leading the retail sphere and Walmart is working to keep up. The e-commerce distribution centers are aimed to help Walmart better serve its online shoppers and continue scaling the SamsClub.com business. USA Today further details the impact of the Sam’s Club closures and conversions, and our own Nick Foy shared his perspective in an op-ed for The Hill.
- Coming into the new year, it’s important to look at what trends will dominate the supply chain space in 2018. Not surprising, automation is here to stay and will gain traction throughout the year as labor costs continue to rise. Experts expect artificial intelligence to make its way into all aspects of the supply chain, particularly demand planning. Digital transformation has been a talking point for a while, but companies need to take it a step further in 2018 to ensure a consistent customer experience in-store and online as customers are largely moving toward using the in-store experience as a trial run for their purchase and completing the order online. Additionally, subscription models cater to the customer’s needs, delivering products regularly and promoting customer loyalty. EBN, our own Hans Veenendaal, and more supply chain experts look ahead at the top 2018 supply chain trends.
- Amazon’s reign as the e-commerce leader is nowhere near over. With e-commerce and retail stories leading the pack this month, it’s no surprise to see Amazon looking toward warehouse clubs. Walmart is repositioning its warehouse club strategy to further enhance its e-commerce offerings. Amazon is reportedly looking to acquire Boxed.com, sometimes called the “Costco for millennials” because it sells items in bulk and sells Costco products. While it’s all speculation, the trend toward smaller, more frequent purchases makes the alleged Boxed.com acquisition seem questionable. PYMNTS.com looks to determine whether Amazon’s next target is warehouse clubs.
With the industry always changing, be sure to check back in next month to see the top news from February.
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