With anxious shoppers hoarding everyday goods and non-essential stores shuttered, the coronavirus pandemic presents a never-before-seen crisis for American retailers. Walmart appears better prepared to deal with it than its peers.
Importers and domestic manufacturers who sell goods to retailers face an increasingly complex landscape of consumer demands and brand positioning, as the balance between e-commerce and brick-and-mortar sales continues to shift.
In the battle to make their product more attractive to consumers, packaging is a crucial element. Many turn to third-party packaging and co-packing service providers to gain the edge.
Healthcare supply chains tend to be high-margin, regulated businesses with strict quality requirements, such as the need for cold-chain storage and transportation. Yet they’re often ripe for improvements across the board.
The key to fighting the coronavirus outbreak lies in the application of supply-chain management principles, and the creation of a global, end-to-end network for partner collaboration in the healthcare industry.