With the May 10 increase in duty rates on certain Chinese-made imports—and China’s subsequent retaliation on U.S.-made goods—I think we can all safely agree the United States and China are in a fully-fledged trade war. So, in an atmosphere of uncertainty, what are the key elements supply chain professionals should consider to stay ahead? » Read More
In my last blog, I talked about how consumer demands for a larger and more immediate selection of products are forcing retail businesses to become supply chain professionals.
Retailers are keenly aware that failure to keep pace with industry change is not an option, as evidenced by continued store closings and retail bankruptcies. They also know that brilliant store designs and seamless mobile experiences count for nothing if they are unable to move the products their customers have ordered to their preferred destinations in excellent condition as quickly as possible.
Driving demand via promotions, new products, and updated shelving can attract customers and keep them interested, but if you’re spending most of your time on these tactics, you could be missing a bigger strategic opportunity.
Nearly three years ago, C.H. Robinson’s President of Managed Services, Jordan Kass, spoke before Congress to detail industry concerns over the U.S. government’s role in supply chains. Today, amid an uncertain trade situation on the U.S.-Mexico border, his words seem unusually predictive.