Addressing Retail’s Biggest Supply Chain Concerns
February 8, 2018 Comments Off on Addressing Retail’s Biggest Supply Chain Concerns
In 2017, the U.S. economy experienced growth at a rate of over 3% in the second and third quarters, and corporate profits increased 5.3% year-over-year in Q3. As a result, retailers are struggling to find capacity and maintain a consistent supply chain. At J.B. Hunt, we’re experts in meeting demands in tough markets. With more than 56 years of industry leadership, our capabilities span generations and specialties.
Whether your business is facing growing pains or struggling to meet consumer expectations, we have your solution for success. Some of the focuses your business should address include:
Historically, after the first of the year, the load-to-truck ratio evens out. Due to a number of factors, including the electronic logging device (ELD) mandate and driver shortage, capacity remains tight. Businesses are searching for ways to improve supply chain agility.
Many operations are quickly realizing the immediate need for more visibility throughout their supply chain. Predictive delivery, in particular, is becoming essential as on-time delivery restrictions change and shipping windows are reduced.
Improving fulfillment and creating an agile distribution strategy is one way to increase speed-to-market in the retail supply chain. Replacing inventory and stocking new products requires a dynamic response to demand. J.B. Hunt’s fulfillment service offers businesses peace of mind that their products will make it to the right location and provide an optimal experience for customers.