How to improve supply chain resilience in the retail industry?

Today 84% of the retail industry still relies on an ERP system to manage their inventory needs. But is it efficient enough in today’s digital era?

As the market continues to grow increasingly complex, unpredictable, and volatile, it has become more vital than ever for retailers to control the different parameters in their supply chain to respond to customer demands.

For several decades, retailers have been aware of this increased volatility. They have been vigorously working to optimize the visibility of the global supply chain. This gave rise to various concepts. One of the most common concepts is Control Tower and Network Synchronization (CPFR). Once popular back in the 1990s and 2000s, these solutions are no more robust enough to incorporate the complexities of the modern world. The recent pandemic uncovered several system weaknesses that were slowly visible over time.

As the environment is getting more volatile, how will businesses, especially retail, face these challenges?

Find out in this white paper how to build a better and more resilient supply chain!