Bamboo Rose Blog | Industry Insights

Unveiling the Future: The State of Retail Supply Chains & Sourcing Strategies in 2024

In the ever-evolving world of retail, staying ahead of the curve is paramount. That’s why Bamboo Rose and The Interline are thrilled to present the much-anticipated findings from our joint survey: “The State Of Retail Supply Chains & Sourcing Strategies in 2024“. This comprehensive report provides unparalleled insights into the current state of global retail supply chains and sourcing strategies, offering a glimpse into the future of the industry.

Key Insights from Brands & Retailers:

 

1. Technology Potential:

Despite advancements, only 34% of respondents express satisfaction with their current technology stack. This indicates a pressing need for change, consolidation, and innovation to keep pace with industry demands.

2. Visibility Concerns:

An alarming 67% of participants report “fair” or “lacking” visibility into critical supply chain metrics. Improved transparency is essential for better decision-making and risk mitigation.

 3. Manual Processes:

Surprisingly, over 55% still rely heavily on spreadsheets, email, and attachments for sourcing and supply chain management. Embracing digital solutions is crucial for efficiency and accuracy.

 4. Prioritizing Objectives:

Profitability, supply chain resilience, and speed to market emerge as top priorities for brands and retailers. Balancing these objectives is key to maintaining competitiveness in the market.

 

Exclusive Insights from Retail Industry Executives:

 

The report also features invaluable quotes from retail sourcing and supply chain executives, offering firsthand perspectives on industry challenges and opportunities:

 

– “Brands and suppliers need to come together.”

 

– “Interoperability between manufacturers’ and brands’ systems is at the root of these challenges.”

 

– “Current market conditions have caused an unprecedented boomerang effect, affecting suppliers’ ability to plan.”

-”Accessing accurate and consolidated data is crucial for making informed supply chain decisions.” – Mercedes Pratt, Sr. Director of Operations at Tailored Brands.

Join Mercedes Pratt, Sr. Director of Operations at Tailored Brands, for insights into the future of retail supply chains and sourcing strategies. Listen to the “Retail Uncorked” event recording to learn more about this research.

Empowering Industry Success

 

“The State Of Retail Supply Chains & Sourcing Strategies in 2024” serves as a roadmap for industry stakeholders seeking actionable insights to drive retail success. Whether it’s enhancing supplier relationships or addressing technological deficiencies, this report equips you with the knowledge needed to thrive in the evolving retail landscape.

 

Don’t miss your chance to shape the future of supply chain and sourcing strategies. Download your copy of “The State Of Retail Supply Chains & Sourcing Strategies in 2024” today and stay ahead of the competition.

As the retail landscape continues to evolve, adaptability and innovation are key. With “The State Of Retail Supply Chains & Sourcing Strategies in 2024”, you’ll be equipped to navigate the challenges and seize the opportunities that lie ahead. Get your copy now and embark on a journey towards success in the retail industry.