Retail: Page 25
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Mario Tama via Getty Images
Costco to charter 7 vessels for Transpacific routes
The vessels will provide Costco with about a quarter of its annual needs on the trade lane.
By Alejandra Carranza • Updated March 15, 2022 -
Courtesy of Rite Aid
Rite Aid doubles down on last-mile deliveries, adds Uber Eats as partner
The deal means Rite Aid now has partnerships with four of the top five last-mile delivery intermediaries in the U.S.
By Max Garland • Sept. 28, 2021 -
Courtesy of Nike
Nike warns of shortages as ocean congestion, Vietnam shutdowns hurt inventory
Pre-pandemic, it took Nike about 40 days to move product from Asia to North America, said CFO Matt Friend. That has since doubled.
By Max Garland • Sept. 27, 2021 -
Supplier diversity importance grows, but hurdles remain
A third of businesses in a Jaggaer-Tealbook survey said they had "difficulty identifying diverse suppliers that also meet procurement criteria."
By Sarah Zimmerman • Sept. 23, 2021 -
Win McNamee via Getty Images
OpinionSupply chain challenges aren't going away anytime soon
Businesses and consumers should prepare for continued disruption and increased costs, writes a supply chain expert at CBRE.
By Joe Dunlap • Sept. 21, 2021 -
Big Lots plans 'bypass network' to mitigate port congestion during peak season
As an example, the retailer said 98% of its Christmas trees ship out of Yantian and now have 4-8 week lead times. A bypass network will help imports skip a touch, and arrive in time for holiday shopping.
By Edwin Lopez • Sept. 17, 2021 -
Courtesy of Lowe's
Lowe's places larger orders with suppliers to avoid holiday stockouts
The hardware retailer says inventory levels are "actually getting better, not worse," as other companies struggle to navigate supply chain disruptions.
By Sarah Zimmerman • Sept. 16, 2021 -
Courtesy of Ford Motor Company
Walmart teams up with Ford, Argo AI for autonomous delivery in 3 cities
Walmart's latest collaboration on self-driving vehicles is its first to span multiple cities.
By Max Garland • Sept. 16, 2021 -
"Aerial Drone Photo of District 1 of Ho Chi Minh City, Vietnam with Buidlings, Constructions and no Traffic due to a Lockdown" by Marco Verch is licensed under CC BY 2.0
Vietnam closures push retailers to shift tactics, suppliers ahead of the holidays
Big Lots expects $60 million in lost sales due to lockdowns in Vietnam, which may last until the end of the month.
By Edwin Lopez • Sept. 13, 2021 -
Alex Wong via Getty Images
Biden to require large employers mandate vaccines
The ruling will especially impact warehouse workers, as many large companies had avoided requiring vaccines for frontline staff amid an acute labor shortage.
By Ryan Golden • Sept. 10, 2021 -
Scott Olson via Getty Images
RFID and sensor tech get cheaper, faster and more pervasive
Advancements in identification technology help retail supply chains track inventory and shrink. Are visioning robots the next evolution?
By Jen A. Miller • Sept. 7, 2021 -
Target's CIO retires after years of facilitating supply chain innovation
McNamara encouraged in-house innovation that enabled automation along the supply chain. A new CIO at Target needs to focus on three key pillars.
By Roberto Torres • Sept. 2, 2021 -
Permission granted by Symbotic
Walmart aims to hire 20K supply chain workers ahead of holiday season
The retailer is looking to fill permanent full-time and part-time roles amid shipping constraints as businesses compete for labor.
By Maria Monteros • Sept. 1, 2021 -
Burlington's sourcing costs are up 78% over 2 years due to pandemic supply chain disruptions
Company executives laid out three reasons why supply chain costs are leading to high prices — and why they think price hikes won't last.
By Edwin Lopez • Sept. 1, 2021 -
Kevin Frayer/Getty Images via Getty Images
JD.com ramps up omnichannel approach as it looks beyond e-commerce
The Chinese e-commerce giant is sharing some of its gross profit with merchants involved in its omnichannel fulfillment program, "but at the same time, it helps us save the fulfillment costs," CFO Sandy Xu said.
By Max Garland • Aug. 31, 2021 -
Joe Raedle via Getty Images
A tale of two dollar stores: Dollar Tree contends with freight, Dollar General mostly shrugs off costs
The $1 price point means limited options for mitigating expenses as supply chain congestion leads to extraordinary cost increases.
By Ben Unglesbee • Aug. 31, 2021 -
Courtesy of Gatik
Gatik opens Texas hub for autonomous middle-mile deliveries
The AV company, known for delivering goods for Walmart, will deploy box trucks in response to heightened e-commerce demand.
By Max Garland • Aug. 31, 2021 -
Courtesy of CMA CGM
What retail executives are saying about widespread supply chain bottlenecks
From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.
By Ben Unglesbee • Aug. 26, 2021 -
Alex Wong/Getty Images via Getty Images
Home Depot improves inventory depth with focus on high-velocity SKUs
Some companies are chartering ships to secure inventory. Others are shifting SKU priorities. Home Depot is doing both.
By Max Garland • Aug. 24, 2021 -
Justin Sullivan via Getty Images
Target to open 4 new sortation centers, adding capacity and speeding delivery
Shifting the sortation process from the backroom and stores to a dedicated facility will help free up space and time within retail locations.
By Matt Leonard • Aug. 20, 2021 -
George Frey via Getty Images
Retail freight proves a doorbuster for trucking
The continued inventory stock-up will keep trucking busy until consumer picking starts to wane. Shippers are trying to lock down lanes they need by contracting with dedicated fleets.
By Jim Stinson • Aug. 19, 2021 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart charters ships to ensure freight capacity, inventory for peak season
One ship leasing company referred to the charter market as "red hot" as it has signed 40 new charters so far this year.
By Matt Leonard • Aug. 18, 2021 -
Joe Raedle via Getty Images
Dollar Tree advertises worker safety in warehouse hiring push
Dollar Tree's nationwide hiring event aimed to fill positions at the employer's 26 distribution warehouses, according to a company spokesperson.
By Kate Tornone • Aug. 17, 2021 -
Permission granted by Home Depot
Industry group releases contactless delivery standard to increase safety, reduce dwell
The Consumer Brands Association found contactless delivery practices, like using electronic bills of lading, reduced average dwell time from 66 minutes to 23 minutes.
By Max Garland • Aug. 10, 2021 -
Courtesy of Port of Virginia
Deep Dive'You can pay or you can wait': How retailers are navigating a shipping crisis
Consumer demand came raging back this year. The supply chain wasn't ready for it, and now retailers, brands and consumers are paying the price.
By Ben Unglesbee • Aug. 3, 2021
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