Executive Briefings

Uncertain Economy Affects Retail Supply Chain

As retail supply chains grow increasingly larger geographical footprints, they become more susceptible to risk. Retailers have long prepared for natural disasters and geopolitical events, but ongoing financial crises and uncertainty has them even more concerned.

Experts say that retailers have to become more aware of regional economic conditions - even in countries where they don't operate - because ripple effects of sovereign debt problems, currency devaluations and debt downgrades can have impacts in surprising places.

"All supply chains are global nowadays," says Lorcan Sheehan, senior vice president of marketing and strategy for supply chain solutions provider ModusLink. "There's a lot of geography and you're dealing with fluctuations in costs and capacity issues. There are more people touching that chain, from manufacturing to the time it reaches the consumer."

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Keywords: supply chain risk management, supply chain management, retail supply chain, volatile currency markets affect retail, uncertain economy affects retail supply chain

Experts say that retailers have to become more aware of regional economic conditions - even in countries where they don't operate - because ripple effects of sovereign debt problems, currency devaluations and debt downgrades can have impacts in surprising places.

"All supply chains are global nowadays," says Lorcan Sheehan, senior vice president of marketing and strategy for supply chain solutions provider ModusLink. "There's a lot of geography and you're dealing with fluctuations in costs and capacity issues. There are more people touching that chain, from manufacturing to the time it reaches the consumer."

Read Full Article


Keywords: supply chain risk management, supply chain management, retail supply chain, volatile currency markets affect retail, uncertain economy affects retail supply chain