How did retailers make customers believe they have better availability in a period when high amount of SKUs were unavailable? With the onset of pandemic in 2020, it was clear to retailers that shoppers didn’t really care about price. What they cared about was availability. Retailers noted that what started Read more…
Given the uncertainty and volatility in today’s world coupled with the complexity and ambiguousness of suppliers, the task of building world class supply chain is hard.Below are the capabilities companies need to build in order to get world class supply chain Clear end to end modeling understanding the capacity of Read more…
Some tips for planning for Chinese new year shutdown for importers in a year heavily disrupted by Covid-19.Even if you don’t import from China, remember that suppliers all across Asia are highly likely to buy components from China. Therefore, they too could be impacted by a supplier further up the Read more…
We always like reading McKinsey’s State of Fashion for the coming year. Some highlights below for Fashion in 2021. You can download the full report here. According to McKinsey Global Fashion Index analysis, fashion companies will post approximately a 90 percent decline in economic profit in 2020, after a 4 Read more…
Our vendors have 70% Due date performance (On time- In full).“There is a 90% chance of me procuring the raw material on time, if my vendors are reliable. Isn’t that great?”, said the Procurement Head.“There is a 90% chance of me producing the item on time, if I have the Read more…
It is clear to many of us that the world around us is changing. Today, in our world, there is a high speed of change, ever increasing uncertainty, high complexity and increasing ambiguity. How are we reacting to this world? There are 2 possible options: Popular Option: Increase the predictability Read more…
Having spent time in China, the e-commerce ecosystem there is a lot more multi sensorial (Point 4 below) than in West or even in India. China’s retail architecture is based on the pillars of Social Commerce and Omnichannel. Language is a big issue. I believe that the e-commerce innovations in Read more…
What’s one of the most deceptive questions you can ask yourself in Consumer goods or retail environment ? We get answers to the questions we ask. So if we ask incorrect questions, we shouldn’t be surprised when we get a misleading answer. For instance in the area of inventory control, Read more…
The most popular mantra of retail used to be ‘Location, Location, Location’.During pandemic times, retailers with best locations have shuttered shops or filed for bankruptcy.Why? New channels are coming up which were not there just a while back. For B2C, there are 2 channels that are becoming very prominent: Social Read more…
