Although enabling agility, optimizing efficiency and driving sustainability are not new value-driving capabilities, technologies such as robotics, analytics, digitization and block chain are critical to enabling these capabilities for next-generation sourcing enterprises.
The pressure is on for further investment to link supply chain activities and PLM activities together and make combined investments with a goal of achieving business agility in an increasingly complex global environment.
Apparel's survey of apparel retailers, brands and manufacturers reveals expectations for technology focus in the coming year, including an emphasis on BI and analytics for gleaning an even deeper understanding of the consumer.
For more than a decade, Apparel magazine and Kurt Salmon, part of Accenture Strategy, have teamed up to look at the elements involved in global sourcing excellence for apparel. This 12th annual Report explores some emerging technologies — such as 3D, sewing automation, blockchain and analytics — that retailers may adopt in the next three to five years to further augment their sourcing operations. It also examines how proper planning and investment will be necessary to handle the complexity of developing, adopting and embracing these technologies and integrating them successfully.
Rent-the-Runway feeds closed-loop data to its partners, Nordstrom gets closer to the consumer with AI, Tilly’s wins big with AR, Roots Canada goes all out with Northern Lights digital gift guide, Walmart’s Store No 8 takes on innovation and much, much more.
The core aspects of blockchain are exciting for retail, as we could possibly see a tenfold increase in current marketplace security, efficiency and transparency in our lifetime. Now is the time to be at the forefront of a potentially transformative technology.
A supply chain that is not transparent can lead to continued implementation of unsustainable and unethical business practices, which can undermine a company’s reputation and bottom line.
There are several traditional methods to ensure supply chain transparency.