We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » Digital networks help retailers “pivot” post Covid-19

Digital networks help retailers “pivot” post Covid-19

Report highlights the importance of digital transformation and cloud-based networks to retailers’ survival during and after the coronavirus pandemic.

Retailers rely on digital networks to thrive post Covid-19
September 8, 2020
Supply Chain Quarterly Staff
No Comments

The need to digitally transform the supply chain has accelerated during the coronavirus pandemic, especially in the retail environment, according to a Coresight Research survey published this month.

The survey of 118 retailers highlights their need to “pivot,” and suggests that “the capacity to adapt to changing consumer preferences about both shopping and order fulfilment will be the key to survival during and coming out of these unprecedented times.” The researchers also said retailers should "fundamentally change their approach to their supply and support ecosystem if they are to remain competitive." 

The answer? Connecting with suppliers on a single, cloud-based technology platform that allows participants in the value chain to share information and make faster, better-informed decisions on a range of issues, including inventory, production, and logistics.

“Our survey found that close to 50% of retailers surveyed felt that the ongoing agility and flexibility of their supply chains was their most pressing business issue in the upcoming 12 to 24 months,”  Deborah Weinswig, CEO and founder of Coresight Research, said in a statement announcing the survey and subsequent report titled A New Reality Demands a Networked Product and Supply Chain Platform. “Recent, unprecedented changes to the retail industry, and the world, support this feeling–let’s recall that grocery stores across the U.S. rapidly ran out of toilet paper and baking yeast early in spring 2020. How could those shortages have been prevented–getting the customers the products and the retailers the revenue they needed–had supply chains been prepared to pivot?”

So-called “multi-enterprise technology platforms,” can help retailers navigate the challenges of the pandemic as well as a post-pandemic world, the researchers added, pointing to the enhanced supply chain visibility and communication such systems provide. Such systems offer: 

  • Cloud-based, real-time business networks that facilitate communication and collaboration.

  • Improved business relationships.

  • Accelerated speed to market due to increased options, more informed choices, and overall supply chain visibility.

  • Heightened collaboration across the entire value chain.

  • Enhanced sales and profitability, and new revenue opportunities.

New York-based Coresight Research worked with supply chain technology firm Bamboo Rose to conduct the survey in May 2020. 

Logistics Technology
KEYWORDS Bamboo Rose Coresight Research
  • Related Articles

    Warehouses under real pressure this Holidays

    Pitney Bowes hikes prices for peak season deliveries and returns

    Independent Forwarders Join Networks and Look to the Future With Optimism

Recent Articles by Supply Chain Quarterly Staff

Reports: Outlook calls for stronger supply chains

Gartner: 4 ways to compete with industry disruptors

Survey reveals there’s plenty of room for improvement in e-commerce fulfillment

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Will this be the decade of supply chain sustainability?

  • The 3PL industry: time to reset

  • The four characteristics of a customer-centric supply chain

  • Five principles for creating a supply chain foreign exchange risk mitigation strategy

  • Seizing the helm

Featured Video

Be8de8b1 9bd3 48d6 9400 0bf476fd1f5d

Optimization Through Lean Management 

Viewer Contributed
Uncertain times can put a tremendous strain on your business’s people, processes and supply chains. However, operations can mitigate some of these factors by adopting lean management principles and instilling a culture of continuous improvement. Raymond Lean Management Manager of Solutions and Support Centers Keith...

FEATURED WHITE PAPERS

  • The Top Supply Chain Pains That You Should Address For a Healthier 2021

  • Research Report: New Rules for Supply Chain Insights, Collaboration and Overall Resiliency

  • Logistics 2030 – Navigating a Disruptive Decade (Year 2 Report)

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing