Smart Supply Chain in Retail and Apparel - Thematic Intelligence

Smart Supply Chain in Retail and Apparel - Thematic Intelligence

Summary

Digitization in the supply chain has become the standard in retail as a result of the COVID-19 pandemic, geopolitical tensions, and climate change. Digitization in supply chains has helped retailers manage the disruption caused by these events, enabling retailers to control production delays and logistics failures, and allowing retailers to foresee future demand with the help of data analytics.

Key Highlights

The involvement of smart tech like robotics, the Internet of Things (IoT), warehouse management systems (WMS), and GPS necessitates the need for experts in each field, triggering huge investments. Several retailers have taken advantage of these advanced technologies to automate their supply chains and have gained a competitive edge as a result. However, the current cost of installation and maintenance of the digital landscape makes it hard to implement for small retailers.

The retail industry is ever-changing due to various macroeconomic factors. With the growing demand for speed, personalization, and efficiency, the need for a data-driven approach has become essential for retailers. Smart supply chain management gathers information from various data points such as the purchase history, web browsing, and social media activities of customers to forecast demand, allowing retailers to plan their logistics.

The retail industry has experienced significant growth in supply chain automation since 2015. Automation involves using artificial intelligence and robotics technology to improve efficiency and transparency, and reduce the amount of manual labor in menial jobs.

Scope

• GlobalData provides detailed insight into the theme of the smart supply chain, specifically focusing on its impact on the Retail and Apparel sectors.
• The report provides an overview of smart supply chain and its components, the leading companies, the timeline of developments in smart supply chain and use cases. The report also details the relevant technology, macroeconomic and retail trends.

• Themes are disruptive, so it's easy to be blindsided by industry outsiders who invade your sector. Understanding the themes ecosystem will get you ahead of the curve.
• Understand the important themes in 2022 and beyond, allowing you to grasp a wider view of changes in consumer behaviour and how it will impact your markets.
• Explore how emerging themes in retail are allowing industry leaders to evolve, so you can better position yourself for long-term success.
• An easy-to-use framework for tracking themes across all companies in all sectors.
• Companies who invest in the right themes become success stories; those who miss the big themes end up as failures.