Five Ways that Blockchain Can Transform the Supply Chain

The word ‘”blockchain” has been buzzing around the supply chain and logistics space for the past several years. Recently, the concept of blockchain has emerged as a legitimate component in the supply chain world and there are many definite advantages of how blockchain can transform operations. Blockchain is a distributed database that holds records of digital data or events in a tamper-resistant and secure way. While many users may access, inspect, or add to the data, they cannot change or delete it. The original information stays put, leaving a permanent…

How is Fast Fashion Continuing to Disrupt the Supply Chain Industry?

Fast fashion has rapidly evolved into a significant sector within the fashion industry and the majority of the credit goes to their supply chain. Let’s take a look at a few of the factors influencing this trend.

Zara, the well-known clothing retailer closely controls its supply chain while also keeping a significant portion of its production in-house.  This allows for more flexibility in the quantity, frequency, and variety of new products being launched. Zara adapts couture designs, manufactures, distributes, and retails clothes within two weeks of the original design first appearing on…

Ecommerce Growth Continues Supported by Mobile & Social Selling

Halfway through 2018, we are seeing a major evolution within the ecommerce world. While growth of in-store purchases is seeing minimal increases, ecommerce sales for small, medium and large business are growing at a rapid pace. In the first quarter of 2018, Walmart saw its ecommerce sales grow 33% percent. This was sparked by the growth in online grocery sales, a complete website re-design and strategic partnerships with brands like Lord & Taylor. Walmart continues to transform its online grocery business and re-outfitting its stores to adjust for…

Trends Impacting the 2018 Retail Landscape

 

Don’t look now, but the year is more than half over! The retail landscape is changing on a daily basis and there are several trends that are taking the industry by storm. Here is a list of the five trends that have had the most impact during the first half of 2018.

Multi-Channel shopping is here to stay. Omni-channel shoppers spend three times as much as customers who only spend time in a physical store. Click-and-collect shopping is becoming more popular as many customers prefer to spend less time in a…

What is the Solution to the Truck Driver Shortage?

  The driver shortage in the trucking industry throughout the United States has reached a crescendo. The American Trucking Association (ATA) reports that the trucking industry needs to hire over 900,000 more drivers within the next ten years to match the rising demand. Industry analysis by DAT Solutions shows at the beginning of 2018, only one truck was available for every 12 loads that needed to be shipped: this was the lowest load to truck ratio since 2005. Further amplifying the driver shortage issue is the rising average age of commercial drivers…

2018 Conference Travel Schedule

Is Performance Team heading to a city near you? We are excited to share our upcoming conference travel schedule. We love having the opportunity to visit new cities while connecting and learning from some of the best minds in the supply chain industry.

Our first stop will be at the Retail Industry Leaders Association 2018 Retail Supply Chain Conference in Phoenix, Arizona from February 25-28, 2018. The Retail Supply Chain Conference is the only event of its kind — gathering top executives in retail supply chain to network and learn. This…

Interview with Fred Gilbert, VP – Strategy & Marketing, Performance Team LLC

  • What new innovation in the supply chain world excites you the most?
Near-term I think robots in the warehouse are going to be a game changer.  With low unemployment rates and rising minimum wages, robots present a solution that quickly scales and increases productivity in a revolutionary way.  With e-commerce’s continued pace of growth particularly during November and December, distribution centers that handle direct to customer and drop-ship orders need to be able to ramp-up extremely quickly. During cyber week, we…

What Does IoT Mean for the Supply Chain?

Internet of Things The general definition for “The Internet of Things” (IoT) is the concept of connecting any device with an on and off switch to the Internet (and/or to other devices). This includes everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. Within the supply chain space, what does this mean? The IoT emergence will allow supply chains to intelligently connecting people, processes, data, and so forth via devices and sensors. This will allow things to come to life in numerous…

Disrupting the Automotive Supply Chain

The automotive industry is in the midst of a massive shift, likely larger than the one we saw with the invention of the electric starter engine back in 1908. The breakneck speed of advancement in technology have caused many experts to predict that the automotive supply chain will be extinct as we know it in the next 10 years. Many experienced professionals are predicting that the differentiating source of value in the automotive industry will not be parts or engines, but software and technology. Let’s take a look at three segments of the automotive supply chain that will…

How Technology is Enhancing the Experience between the Four Walls of Retail

Retail customer expectations continues to rise as technology evolves. As soon as a retail customer drives into the parking lot of a store, the clock begins to tick. Who is this customer? What did they buy the last time they were in the store? What have they looked at online before entering the store? How can the retailer keep them in the store ten minutes longer than their previous visit? A variety of technologies are trying to help answer these questions and more.  Let’s take a look:

  1. A 2015 survey by Cisco, stated that up to 73% of shoppers…