Getting customers whatever they need whenever they need it, and as quickly as they expect it, has become easier. Yet the returns process has some retailers winning and others floundering.
Walmart and Amazon have launched cyber attacks in China with the purest of commercial motives. Walmart is unveiling a mobile shopping app while Amazon is increasing its imported item count from 80,000 to 1.6 million.
The heart of a global business has always been the operations by which it buys, makes and moves what it sells to customers. Yet only 45 percent of supply chain and 40 percent of procurement executives at U.S.-based global companies say they are extremely or very confident that their supply chain organizations have the competencies they need today, according to the 2015 Supply Chain Survey from Deloitte.
Retailers worldwide lose a staggering $1.75tr annually due to the cost of overstocks, out-of-stocks and needless returns, according to research released from retail analyst firm IHL Group, commissioned by OrderDynamics, a Big Data prescriptive analytics software company.