With shoppers finding much of what they want online, the future of the brick-and-mortar store can seem bleak. Such major retailers as J.C. Penney, Lowe’s, Gap and Family Dollar, among many others, have announced plans to close at least some stores across the United States this year.
During the global COVID-19 pandemic, most eCommerce businesses were severely affected by supply chain issues. This happened first and foremost due to importing and exporting from China being shut down. However, there are precautions you can take and ways in which you can adapt your eCommerce strategy for your business not to go under. Based on my experience as a businessman, I believe these risks can be avoided by paying special attention to sourcing and fulfillment centers. By doing this, you will be prepared for any mishaps like the ones occurring due to COVID-19.
Supply chain management is becoming complex each year. The main influences that are occasioning evolution in this industry are the rapid globalization of supply chains. The globalization of supply chain networks often faces challenges associated with the risk of delays and confusion. As such, managers are doing their best by putting more attention to planning and coming up with contingency planning and management strategies that will address these challenges and increase customer satisfaction and performance in general. As procurement and supply chain operations increasingly adopt digitization, which is proving to be strategically necessary in the era of intense competition and increased customer demands, professionals in these areas must find ways of staying on top of things and getting data that they need in order to make the right decisions.
- Most read