Walmart, Target, and The Home Depot, will commit to working during off-peak hours to address supply chain bottlenecks, The White House announced ahead of President Joe Biden hosting a meeting to discuss the challenges at ports across the country.
Retail underwent dramatic disruption even before COVID-19, which sent the transformation into hyperdrive. Rapidly changing market dynamics and consumer behaviors are creating complexity in retail supply chains— and an opportunity to rethink how they are managed.
The transformation also includes the deployment of artificial-intelligence enabled forecasting and replenishment technology, an integrated transportation management system and an integrated workforce management system.
Blood, sweat, and tears have likely been shed in designing, sourcing, and manufacturing products that should be in great demand this season. Unfortunately, supply chain disruptions may impact the best laid plans and latest technology.
Nordstrom is rapidly rolling out resale items to its inventory through in-store and online shop See You Tomorrow, as well as an expanded partnership with Rent the Runway. Can the department store chain capture new customers with old clothes?