Addressing Retail’s Biggest Supply Chain Concerns
February 8, 2018 Comments Off on Addressing Retail’s Biggest Supply Chain Concerns
In 2017, the U.S. economy experienced growth at a rate of over 3% in the second and third quarters, and corporate profits increased 5.3% year-over-year in Q3. As a result, retailers are struggling to find capacity and maintain a consistent supply chain. The 2018 Retail Industry Leadership Association (RILA) supply chain conference is sure to provide a number of insights and collaborations that improve freight capacity and logistics strategies.
At J.B. Hunt, we’re experts in meeting demands in tough markets. With more than 56 years of industry leadership, our capabilities span generations and specialties. Visit us at RILA and discuss the challenges your business is facing – whether it’s growing pains or the struggle to meet consumer expectations, we have your solution for success. Some of the topics we’re focusing on include:
Historically, after the first of the year, the load-to-truck ratio evens out. Due to a number of factors, including the electronic logging device (ELD) mandate and driver shortage, capacity remains tight. Businesses are searching for ways to improve supply chain agility. An upcoming opportunity to discuss solutions with service providers is the 2018 Retail Industry Leaders Association (RILA) supply chain conference.
Many operations are quickly realizing the immediate need for more visibility throughout their supply chain. Predictive delivery, in particular, is becoming essential as on-time delivery restrictions change and shipping windows are reduced.
Improving fulfillment and creating an agile distribution strategy is one way to increase speed-to-market in the retail supply chain. Replacing inventory and stocking new products requires a dynamic response to demand. J.B. Hunt’s fulfillment service offers businesses peace of mind that their products will make it to the right location and provide an optimal experience for customers.