Five Visibility Benefits for Fashion and Retail Supply Chains

Yes, it’s still at the top of supply chain managers’ Top 10 ‘must-have’ lists. It doesn’t seem likely to go away anytime soon, either. Better visibility.

The reasons are simple and well-known enough: 

Supply chains have become steadily more complex — and risky — in recent years, from omnichannel D2C retail, COVID-19, geopolitical and trade tensions, sustainability compliance, inflation and more. Disruption all around demands better data, in as close to real time as possible, and across the supply chain. That means breaking down internal, functional silos to share critical information and stranded value.

Retail shippers, along with their suppliers and transportation providers, are especially vulnerable, given their reach across multiple borders, sourcing and selling multiple product lines online in a theoretically unlimited addressable, online market. And by the way, the market is unforgiving — one dropped shipment, and up to 80% of consumers shop elsewhere. 

In light of this, it might seem surprising that so many shippers run their operations manually on an older TMS or WMS, Excel spreadsheets, e-mail, a phone and paper forms. They’ve always done it this way: Seriously, what could go wrong? 

For one thing, the world’s governments are falling behind on bringing the Earth’s temperature down to 1.5^oC below pre-industrial levels — “net zero” — and holding them there. That means more heat waves, freezes, storms, floods and fires  and, coming soon, mandatory carbon emissions reporting for companies, including their suppliers and logistics providers. Most businesses don’t even track the 80% of supply chain data generated mostly by outside suppliers and vendors. That means serious data-sharing and collaboration managing orders, shipments and inventory.

Join Infor Nexus experts as they discuss the meaning of, need for, and opportunities from real-time end-to-end visibility.

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• Source: https://www.supplychainbrain.com/articles/38256-five-visibility-benefits-for-fashion-and-retail-supply-chains