Innovative online retail companies are learning how to compete with well-established companies by creatively managing their supply chain. By combining best practices and technological advancements, these companies are disrupting their competitors while maintaining lean inventories and cutting out the middleman to deliver lower prices to consumers.
Walmart has committed to investing $250bn in products that will support and create American jobs by 2023. Based on data from Boston Consulting Group, it is estimated that one million new U.S. jobs will be created through this initiative. Responding to feedback from its vendors that finding U.S. sources of supply was a challenge, Walmart plans to use ThomasNet's platform for product sourcing and supplier discovery.
An efficient supply chain is one of the most crucial predictors of a company's success. The supply chain affects almost every marker for industry leadership, including costs, delivery performance and overall customer satisfaction. It's understandable then that the majority of supply chain executives consider visibility to be the most important aspect of any supply chain solution.
Premium audio system sales in new vehicles are expected to grow from just over 8.6 million units globally in 2014 to more than 11.6 million units in 2021, with branded speaker system sales expected to grow from more than 8.7 million units to 11.1 million units in the same time frame, according to the IHS Automotive forecasts for these systems.
As customers waited for their much anticipated Apple Watches, it was reported that delays could be traced to a feared supply chain nightmare: a faulty part. Apple's supply chain strategy, though, likely mitigated the risk.