Supply Chain Resiliency
The amplitude of Supply Chain turbulence changed dramatically. Retailers were not pre-wired for such extreme changes in either demand or supply. Supply Chain Resilience can be created through a combination of prediction tools that alert the organization when there is disruption and digitally enabled business models that allow elasticity to react.
Sensing trends from within the business, broader consumer trends and market events must be met with the ability to act using more agile fulfillment fleets and production capabilities that are closer to home.
(Deloitte 2021 Holiday Retail Survey)
(Deloitte 2021 Retail Industry Outlook)
(Deloitte 2021 Retail Industry Outlook)
(Deloitte 2021 Holiday Retail Survey)
How can businesses make their supply chain more resilient to unexpected challenges?
Supply Chain Visibility
From COVID-19, to a traffic jam in the Suez canal, from a shortage of silicon chips to floods, the past few years have showed us that supply and demand are subject to more extreme changes than we thought. To stay on top of volatility you first need the best prediction tools possible.
Transparency & Waste Reduction
Demand Prediction & Shipping Visibility
Flexible Fulfillment
Prediction does not have value if you cannot act upon the information.
Reaction means being flexible when you need to by having emergency plans, technology to manage supply chain, plus partnerships and commercial relationships with 3rd party providers.
83% of consumers expect flexible shipping and fulfillment options like BOPIS (buy online, pick up in-store)
(What’s “in store” in a vaccinated world, Deloitte 2020)