Combating Retail’s Biggest Challenges with Data
See how your supply chain compares to the 200+ retail executives surveyed.
In a recent survey of more than 200 global retail executives who oversee supply chain, logistics and warehousing, 47% cited supply disruption as their most pressing challenge and product availability as the second-biggest challenge.
Retailers understand the importance of keeping their shelves or ecommerce storefronts stocked, but they also recognize the challenging realities of order fulfillment and inventory management.
Is this consistent with what you expected?
expect real-time visibility to be the most helpful solution for their supply chain challenges in the future.
Secure customer loyalty by keeping shelves stocked, enabling flexible omnichannel fulfillment, and freeing up your retail staff to help customers.
John Bayliss, Senior Vice President, Logistics & Supply Chain, Walmart Canada
Real-time visibility and SKU-level load tagging allows you to calculate accurate cycle times and predict arrivals with unprecedented accuracy.
Director, Domestic Transportation, The Michaels Companies
Minimize fees, reduce unplanned expedites and keep transportation, labor and warehousing costs in check.
Dawn Goudie, Senior Manager, Supply Chain Service Center, Petsmart
Industry analysts from Gartner project growth in the use of real-time transportation visibility across all industries.
Source: Gartner 2021 Magic Quadrant for Real-Time Transportation Visibility Platforms
FourKites, the leading real-time transportation visibility platform, has seen tremendous growth in retail industry customers.
In the first half of 2021, total shipments tracked for retail customer grew by:
More than half of respondents say the highest unplanned costs in the supply chain are related to inventory planning, in areas such as stock outs, excess inventory or misplaced inventory. The second major concern is in freight transportation.
FourKites Purchase Order visibility helps Meijer efficiently track and manage over 220,000 active SKUs.
Dwell time was reduced by 14% during October 2020-March 2021 to 59.5 minutes from 69 minutes in April to September 2020.
Retailers can achieve an 85% reduction in manual scheduling using FourKites for appointment management.
Real-time visibility solutions such as FourKites, help by creating that single pane of glass that allows customers to understand where the truck is and what’s on it—down to a SKU level—to better manage the impact to the warehouse or manufacturing plant.
Sr. Manager, Global Logistics and Trade Systems and Operations Support, Best Buy
Having visibility into real-time data allows retailers to build an agile and adaptive supply chain that can help increase efficiency and productivity, reduce costs, create ROI and contribute to a more positive team morale.
Sr. Manager, Global Logistics and Trade Systems and Operations Support, Best Buy