Posts tagged as 'Supply chain'

The Ongoing Impact of E-Commerce on the Supply Chain

BillDuBois
  • by Bill DuBois
  • Published

e-commerce transaction on mobile phoneA recent post on Logistics Management cites some figures supporting the idea that e-commerce is a runaway train continuing to gather momentum. Based on data for the latest major shopping days, Cyber Monday has eclipsed Black Friday when it comes to sales numbers and what consumers did to meet their holiday shopping needs.

This finding continues a clear statistical trend. In Q2 2015, the U.S. Commerce Department reported e-commerce sales grew at 4.2 percent (compared to 1.6 percent for overall retail sales). This growth, combined with the impact digital commerce has on consumer behavior, has what the Wall Street Journal called “an outsize impact” on the supply chain.

Increased e-commerce volumes and omnichannel strategies are putting unprecedented demands on the supply chain. The rapidly changing demands of consumers (e.g., click and collect or click and next-day delivery) present a whole new set of challenges to retailers and e-tailers. They’re desperately searching for new supply chain and fulfillment solutions at every stage of operations, which includes demand forecasting, inventory management, warehousing strategies, technology integration, and distribution practices. Increasingly, manufacturers are turning from a traditional supply-driven orientation to demand-driven solutions to effectively meet e-commerce and omnichannel challenges to the supply chain. In fact, an article on the Journal of Commerce website notes visibility into the supply chain and agility in responding to change are key to mitigate risk and maximize opportunity in meeting the challenges e-commerce growth and the digital consumer present to the enterprise.

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7 Inspirational Supply Chain Quotes From the Experts

AlexaCheater
  • by Alexa Cheater
  • Published

This guest post comes to us from Argentus Supply Chain Recruiting, a boutique recruitment firm specializing in Supply Chain Management.

For the past several months, one of the most exciting regular features we’ve provided on the Argentus blog is our Supply Chain Executive Interview series. We’ve interviewed executives and thought leaders from all corners of the discipline in Canada about issues of talent, hiring, the field’s development and, well, just about every relevant Supply Chain question we could think of. We’ve interviewed everyone from a rising star in the retail industry, a Procurement expert with a diversity of leadership experience internationally. We’ve spoken with Procurement’s CPO Emeritus, a sustainability guru, an educator in the field, a logistics leader, an eCommerce executive on the forefront of the retail analytics revolution, and the list goes on and on.

What we’re looking to get to the heart of with these interviews is:

What does the Supply Chain field look like today, and where is it going?

But beyond that, there’s another thing we’re looking to answer for our readers, whether they’re junior people in the field, companies looking to hire, or just other interested parties: What makes these people tick?

What is it that makes them so passionate about a field that, in the wider, layman world, is too-often seen as either transactional or not “sexy” enough to warrant much attention, if it’s discussed at all? What drives them?

We couldn’t help but notice, in our interview series so far, that today’s Supply Chain leaders are anything but mundane. They’re colourful, engaging speakers who have risen to the top of their fields through grit and proactive action, through the combination of a strategic mindset and strong opinions. They understand why Supply Chain Management is a vital strategic opportunity to keep organizations competitive, and they’re willing to advocate for why.

So we’ve recently began sharing some of the choice quotes from our interview series on LinkedIn as a series of colourful images with, we hope, some eye-grabbing design that captures some of the excitement we’ve heard during these interviews Supply Chain and how it’s driving business in the 21st century.

Today, we’ve decided to collect and share the images we’ve made so far, in one place. So without further ado, here are some of our favourite quotes from our interview series so far:

1

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Let the Holiday Shopping Madness Begin!

AlexaCheater
  • by Alexa Cheater
  • Published

Santa in a warehouse  preparing for holiday rushThere’s just no escaping it. Despite the fact it’s barely into the beginning of fall, the holidays are coming—quickly. And while we all know Santa’s supply chain just can’t be beat, some retailers may have an extra hard time trying to give the jolly old man a run for his money this year.

Material Handling & Logistics reports frantic shoppers should have no difficulty elbowing their way through the crowds and getting their hands on perfect presents for everyone on their list. Import cargo volume at major retail container ports has been increasing steadily and is on track to meet or surpass last year’s levels. However, finding enough happy little elves to pack and ship all those gifts may prove a tall order.

According to the Washington Post, the American retail industry is expected to add around 755,000 temporary workers during October and November—the same number as previous years. But due to the popularity of online shopping and the rise of free shipping policies, retailers are changing up their hiring plans, staffing more warehouse workers and fewer cashiers and greeters.

As the Wall Street Journal points out, that could cause big headaches thanks to a potential labor shortage in the industry. That shortage is the result of a seven-year low in the national U.S. unemployment rate. Couple that with the fact big retailers have been rapidly building and expanding warehouse and distribution centers and suddenly hiring managers are starting to feel a lot more in tune with the Grinch.

Some employment agencies are already reporting trouble finding warehouse workers to stock, pack and ship holiday inventory, forcing them to raise base pay rates. The WSJ notes starting wages are rising by up to $3 an hour in some markets as retailers get desperate to attract and retain the talent they need this holiday season.

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Are Universities Training Students for Obsolete Jobs? And Where Does Supply Chain Fit in?

AlexaCheater
  • by Alexa Cheater
  • Published

This guest post comes to us from Argentus Supply Chain Recruiting, a boutique recruitment firm specializing in Supply Chain Management.

Teacher With College Students Giving Lesson In ClassroomFor a few years, economists and technology analysts have been closely watching the increasing automation of the workforce. Analysts have also long-discussed how automated manufacturing has replaced middle-class domestic manufacturing jobs. In recent months, there’s been increased buzz over Google and Uber’s efforts to develop self-driving cars, as well as talk of self-checkout McDonald’s counters. These and other technologies have led analysts and journalists to clamor over predictions that robots will gradually replace truck drivers, retail staff, and other service industry jobs.

And now, there are increasing predictions by academics and pundits that, in the coming decades, automation will threaten white-collar professions as well. There’s a proliferation of articles on business websites talking about how financial reporters, legal associates, financial analysts, and online marketers are already under threat of automation, with other, more skill-intensive white collar professions to follow. Scientific American recently reported on a University of Oxford study that estimated that 702 occupations, or a staggering 47% of U.S. workers’ jobs, will be threatened by automation.

Economists seem divided about whether existing metrics are sophisticated enough to properly measure the link between technology and job loss. However, there seems to be wide agreement that the impact of automation on a number of fields might be much larger, and arrive much faster, than anticipated. While people have worried for centuries about technology eliminating jobs, and have often underestimated the role of innovation in creating new careers, it’s clear that immense change in the job market is on the horizon.

Last week, we read a report that stopped us in our tracks: an Australian non-profit studying education and career prospects for young people in Australia reported that nearly 60% of Australian university students are studying for “dying” careers – or jobs that will be automated during those students’ lifetimes.

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A Collection of Bad Supply Chain Poems

AlexaCheater

supply chain poetry bookYes, you read that title right. In honor of Bad Poetry Day I asked my colleagues to send me their best (and worst!) supply chain-related sonnets, odes, limericks, haikus – well you get the point. It turns out I work with quite a creative crowd.

Now keep in mind this is BAD poetry day. So if you’re looking for Shakespeare quality prose, I suggest you just keep on looking. Without further ado, enjoy these supply chain poems written by Kinaxis staff just for you!

 

An Ode to Supply Chains
By Alexa Cheater

O supply chain, how I do appreciate thee,
always working hard to bring things to me.

From raw goods to finished, and everything in-between,
your complexities are many, especially when you’re lean.

Don’t let anyone dismiss you or belittle your worth,
because without you supply chain, nothing could ever circumvent the Earth!

 

Supply Chain on the Brain
By Lori Smith

I’ve got supply chain on the brain
I’m trying to stay sane
Amid my supply-demand pain
I don’t want to plan in vain
So I need to refrain
From forcing only one lane
Go against the grain
The key is to bend and change
Flexibility without strain
Old supply chain models slained!
My determination will not wane

 

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The Millennial Mentality: Is Your Supply Chain Ready for the Shift?

AlexaCheater

A group of millennials jump for joy. They have the purchasing power to change supply chains.It seems like everywhere I look I see mention of millennials, that ‘next generation’ who seems to be shaking things up in a big way. From the way companies do business to the products available on store shelves to the rising stars of the executive world, there’s no mistaking the millennial influence. That got me wondering, what kind of sway does this technology-loving, values-driven, need-to-know right now, group have over your supply chain. And do they deserve the power we’ve given them?

I should start by saying that I am in fact a part of this often talked about demographic, which according to Wikipedia is comprised of anyone born from the early 1980s to the early 2000s. I’ll let you guess where in that range I fall.

So why the big fuss about us up-and-comers? Well, according to Forbes, who agrees that 2015 is the Year of the Millennial, there are 80 million millennials in the U.S. alone, and it’s estimated that by 2017 we’ll be spending $200 billion annually. But it’s not just our spending power that has companies taking note. Here are a few facts from a Forbes and Elite Daily report.

  • A measly 1% are swayed to trust a brand based on advertising
  • 75% believe it’s fairly or very important for a company to give back
  • 62% will engage with brands on social media
  • 60% are often or always loyal to their regular brands
  • 42% are interested in co-creating products with companies
  • 87% use between two and three tech devices at least once a day

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From Grower to Garden: The Complexities of the Nursery Supply Chain

AlexaCheater

A woman holding a plant brought by the nursery supply chainToday is ‘Take Your Plant for a Walk Day’ (yes, apparently that is a real thing), and in honor of houseplants everywhere I thought I would look at the supply chain of an industry that has long fascinated me – the nursery industry. What exactly goes in to getting all those lovely shrubs, trees and flowers from the grower to the garden?

Let me start by saying that I personally do not have a garden. Why? Because while I love plants, they do not love me. No matter how enthusiastically the very knowledgeable staff tell me that this plant or that one can survive anything, the sad truth is none has survived my very, very black thumb, despite years of trying.

That of course does not stop me from visiting my local nursery to see what they have in stock. From seeds to shoots to seedlings and fully-grown shrubs, trees and flowers – the complexities of getting these plants to the end consumer are many.

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What your Dad can teach you about effective supply chain

AndrewDunbar

Co-author: Alvaro Fernandez

Dads can teach you a lot about supply chainHappy Father’s Day to all those hardworking dads out there! Ever notice how your dad’s advice always seems to come from a place of experience? He’ll always let you make your own mistakes, unless he’s already made those same mistakes himself. In honor of these dads’ accomplishments in the field of trial and error, I’ve compiled a list of the top 10 lessons your dad can teach you about supply chain.

10. First pants, then shoes – Whether you’re getting dressed for work or increasing your supply chain maturity, it’s important not to get too far ahead of yourself. Make sure your supply chain solutions help you excel at each capability as you progress through the maturity model.

9. Know the risk – Ex. In principle, just-in-time processes are very efficient. You get to hold on to your hard earned money for longer, you don’t have to store extra inventory, and your workspace isn’t cluttered with things you don’t need yet. In practice, these high rewards comes with high risk. Dads have learned this the hard way by applying this approach to things like anniversary gifts, anniversary cards, and sorry-I-missed-our-anniversary flowers. It’s important to understand the risks in your supply chain, and to have the right mitigation strategies in place.

8. Never trust the salesman – As the saying goes, if it looks too good to be true, it probably is. Save yourself the hassle and choose proven and recognized solutions.

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