In the August 17th-23rd issue of the Memphis Business Journal, Steve Fallon, General Manager at Barrett Distribution's Memphis facility was featured as a panelist of the Distribution and Logistics Table of Experts.
Social media has revolutionized the way we communicate. E-commerce has forever changed the way we shop. The proliferation of these convenient and engaging technologies is also creating a ripple in the way that money is raised, campaigns are funded and capital is generated. Through platforms like Kickstarter, crowdfunding can be an option for small startups and large, established businesses alike. However once the money has been raised, fulfillment can become a major obstacle.
The barrage of home runs that were hit during the late 90’s was a result of batters having extra power. The era of PEDs changed the way fans think about baseball and changed the way the game is played. In the NFL, new rules to increase safety for players have also changed the way this sport is played. With more protective rules for quarterbacks, scores have risen and defenses have been forced to adapt in order to avoid penalties. These are two examples where shifts in control and power have altered the state of competition. The same is very true in the world of business-to-business e-commerce. Consumers have never had more power than they do right now, and there are no signs of that slowing down. These 8 facts support the changing landscape of e-commerce retail and how you can play by these new rules.
Consumer demands are evolving like never before; and developing technology is meeting, and fueling these demands. The ability to search, shop, buy from anywhere means that businesses need to be more agile than ever. One key position in every supply chain is the warehouse, and it is within these walls that the solution to new and expanded consumer demands can be found.
Competition across all sectors is higher today than ever before. The internet and highly sophisticated supply chains have made the world a smaller place meaning that consumers have more new options, and demands on a daily basis. This continuing trend means that businesses need to find ways to differentiate themselves, and added value remains a top solution to this challenge. This means the supply chain in any organization has an opportunity to become a competitive advantage by including value-added features.
The health and beauty sector is a $64 billion industry in the United States alone. From big box stores to boutiques, to pharmacies on every corner, and now with the emergence of e-commerce, getting the massive amount of SKUs to where they need to be, when they need to be there is more challenging than ever. This is why supply chain visibility is so important to success. Here are three reasons why visibility is so crucial when it comes to health and beauty logistics.
From little leagues to rec leagues to schools to the pros, not to mention, local stores and big box outlets; keeping athletes big and small dressed and equipped to perform their best is no small feat. While sporting goods are reaching farther and wider than ever before, along with an increased demand from consumers requiring faster and cheaper delivery, a focus on efficiency and sustainability has never been more important. Taking a new approach from an operational and environmental perspective provides cost savings and increased performance. Here are three actions that can improve the sustainability of your sporting goods supply chain.
If you go to a ballgame and don’t recollect where you parked, your phone can lead right to the parking spot. For your supply chain, similar technology can help you track and determine when and if a delivery will arrive on schedule.
People are busier than ever. Any company’s success is largely based on how they fit into their consumer’s bustling schedule. This boils down to whether you can get your product to where your consumer needs it and most importantly when they want it. A perfect example of this is the major inconvenience of needing your car repaired. Whether it’s sitting in the driveway or waiting at the mechanic’s, getting the right parts to the right place is essential.
Over 72 holes of a golf tournament it is quite astounding how the last few strokes can be shaped by the hours and days spent before. A lost ball here, a penalty there, a long putt when it matters most; while these events can seem insignificant at the time, their impact on Sunday’s leaderboard can be substantial. E-commerce fulfillment is very similar. All of the automation, visibility, and supply chain management that goes into fulfilling an order ultimately depends on what happens during that last mile. While avoiding the water on 18 can be a challenge on the links, last mile delivery can pose a threat to a successful e-commerce supply chain. Here are a few challenges that remain for last mile delivery.
The consumer electronics (CE) market hit an all-time high in revenue last year of $211.3 billion, a two percent increase from the previous year. CE is expected to grow again by over one percent this year. Another exciting trend in this sector is the growth of the role that e-commerce is playing. In 2012, the e-commercechannel accounted for $49 billion of CE sales. That number is forecasted to eclipse $108 billion by 2018.
The automotive part supply chain is growing and changing rapidly. From warehousing to fulfillment to transportation, this high velocity sector needs to be well managed from a distribtuion standpoint. This video explains how to leverage logistics strategies to provide the best service possible.
Getting the right product to the right location at the right time is crucial in any type of supply chain. However it is absolutely critical when it comes to the fulfillment, distribution, and transportation of perishable goods. Each partner in the supply chain from producers to distributors to retailers needs to have specific inventory strategies to ensure the safety and quality of each item. Here are three ways to safeguard your perishable food supply chain.
Businesses used to mail out catalogs to consumers. Each season, something new, bigger than a phonebook and full of glossy pages that featured every size and style you could imagine arrived on your doorstep.
Keeping a logistics budget on plan in an e-commerce world can be a complicated task. It requires on demand forecasting and real-time accounting for changes in fulfillment related expenses and customer expectations. The recent change in dimensional weight charges is a prime example of a circumstance that directly impacts budgeting and operations, especially for e-commerce companies.
The growth of e-commerce has continued to increase, and with it, so have the challenges posed by omni-channel fulfillment. In fact, the third quarter of 2016 saw online sales account for 11.3% of total retail sales; this was up from 10.9% in the second quarter. With no signs of slowing and with this sector taking a larger piece of overall sales, the time has come for your warehouse and fulfillment center to adapt as well.
By 2018 over 1.35 billion online originated deliveries are expected to be made annually. Clothing and footwear are expected to maintain the highest percentage of these deliveries. As the volume of these orders continues to grow, so will the importance the last mile delivery. The “last mile” is defined as the movement of people and goods from a transportation hub to the customer’s door. With online retail making up 10% all purchases, supply chains have adapted to address the challenges of omni-channel fulfillment. But as consumers discover more options, and demands in terms of speed, cost, and convenience increase, this last mile can create new obstacles.
The specialized parts sector within the automotive supply chain is currently growing at a rate of 8% each year. Much of this growth is stemming from a rise in popularity in do it yourself auto restoration and repairs.
salesEquity and Barrett Distribution Centers announced the recipients of the inaugural Trusted Advisor Award. This award is given to the top performers from 2016 and 2017. This honor is for Barrett Distribution employees who have embraced the salesEquity 6 dimensions responsible for understanding their clients and developing the framework necessary to create a Trusted Advisor relationship.
Online retail is still a new and challenging sector with increasing competition. A third party logistics provider can be a valuable asset and resource to any e-commerce outlet. Below are four benefits that a 3PL can provide for online retailers.
According to a recent Econsultancy survey, businesses have more tools, resources, and access than ever before to engage with their consumers to improve and track the customer experience. At the same time, consumers have more power and choices to leverage prices, services, options, and communicate with and about your brand. Both sides of these tangible technologies are creating specific new challenges in terms of order fulfillment and inventory management; placing a greater importance on the organization and structure of e-commerce distribution center operations.
Have you ever worked on a jigsaw puzzle and been absolutely convinced that a piece should fit somewhere, but it just didn’t go? The colors matched, the shape of the piece looked perfect for that spot, but for whatever reason, it just wasn’t meant to go where you thought it would. Trying to force it, or “make it work” means that the puzzle will never be complete. Systems integration inside your warehouse for materials handling automation is the same way. With so many components that require a variety of input and communication to work effectively and accurately, it’s crucial to trust the experts when implementing automation.
Going forward is fairly, well, straightforward. Whether it’s driving or running; or something more involved like making an online purchase. With the former you have vision and a direct, natural route to where you are going. And with the latter, you are performing a familiar, explicit transaction. But if you try and do either backwards, it easily becomes complicated. This is especially true for reverse logistics and omni-channel fulfillment. In fact, the typical forward logistics of managing these platforms and transactional demands can be a challenging ordeal, reversing it makes it even more complex.
Facebook became one the largest advertising platforms in the world by leveraging data. After years of connecting you with your friends, family, and interests, the social media network became one of the biggest data aggregators ever. By recognizing where you live, what TV shows you like, your favorite sports teams and music, and just about everything else in between, Facebook can offer advertisers a focused, qualified audience. Now this information isn’t only available to major tech companies. E-commerce businesses of all sizes have access to their customers ordering behaviors and preferences; they just need to know how to use it.
Online retailers have changed the way people shop. In fact, 40% of males and 33% of females age 18-34; claim that they would buy everything online if possible. Furthermore, by 2020 U.S. online sales are forecasted to eclipse $523 billion. Not only are these new e-commerce avenues shaping the way consumers spend money, they are also directly impacting the traditional brick-and-mortar outlets. Places like Target and Wal-Mart have both made major online overhauls and rolled out different shipping options and packages for their customers.
You can watch your new favorite TV show on your phone, laptop, or TV. You can listen to music in your car and let the best part of the song transition to your home stereo. You can even take a picture let someone across the globe see it instantly. Cloud technology has given us the ability to share and be mobile like never before. It also has capabilities that go far beyond entertainment and convenience. Cloud based systems also provide a great business value, especially when it comes to your auto part supply chain.
When shopping for a car, your overall goal is to find a vehicle that fits your needs and preferences. If you have kids you’ll want something with a lot of room like an SUV or a minivan. If you travel a lot, a car with great fuel economy is a must. If you carry a lot of materials or find yourself “off-road” often enough, you’ll be shopping for a truck. Beyond that there are other niceties that are great, but may not be necessary. On board WiFi, air conditioned seats, and more can all add value to your vehicle, but they also add to the price tag. A warehouse management system can do the same thing.
Forrester Research forecasts that over $355 billion will be spent online this year, with significant upticks during the holiday season. With such an increase in spending and a change in how consumers search and shop, optimizing your online fulfillment, warehousing, and transportation for the holiday season is essential. It is these steps that cannot only make or break the busiest time of the year, but also go a long way in filling stockings, making parties merry, and helping Santa look like a genius.