Report: retailers plan to boost 2018 spending on omnichannel fulfillment, technology
Auburn study finds retailers face challenges in disruptive technology, efficient urban fulfillment, sustainability, and the role of LSPs.
Retailers are living "life in the fast lane" as they look for ways to develop, produce, and deliver products to customers quicker than ever, an industry report from Auburn University says.
In their effort to adjust to the hyper-speed omnichannel environment, retailers are trying to balance significant challenges on many levels: disruptive technology, efficient urban fulfillment, sustainability, and the evolving roles of logistics service providers (LSPs), according to the "2018 State of the Retail Supply Chain (SRSC) Report," produced by Auburn's Center for Supply Chain Innovation (CSCI).
Researchers with the university collaborated with the Retail Industry Leaders Association (RILA) and DC Velocity magazine to produce this eighth annual installment of the report, conducting 21 executive interviews, collecting 62 survey responses, and contacting 61 different retailers. The research took place between October 2017 and February 2018, and focused on organizations with omnichannel capabilities, broad geographic activity, and revenues above $1 billion.
The results showed that retailers plan to make major investments in their supply chain service capabilities this year, spending more in 2018 than 2017 to improve their supply chain management (SCM) processes, expand omnichannel fulfillment capabilities, and upgrade technology. Their goal is to improve supply chain execution to gain greater agility, especially in the omnichannel fulfillment space, where speed and responsiveness are critical, according to study authors Brian Gibson, executive director of the Auburn CSCI, and Lisa LaBruno, RILA's senior vice president for retail operations.
Resources Mentioned In This Article
- Rakuten Americas names new CEO and COO
- Paving the way for women in transportation: interview with Brie Carere
- June retail sales beat forecasts despite tariff stress, NRF finds
- Marken expands clinical trials logistics network in central and eastern Europe
- Small retailers try to put their personal stamp on Amazon's "Prime Day"
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Report: retailers plan to boost 2018 spending on omnichannel fulfillment, technology">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.