Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date.
Did you know that the supply chain is already preparing for the holidays, from warehouse to consumer? Here’s a quick roundup of some interesting stories to get you in the holiday mood.
Even the big players just can’t get enough warehouse space
The Wall Street Journal reports that even though Amazon has built more than two dozen new warehouses this year, increasing its square footage by 30%, it says it needs all the space it can get to cope with the annual boom in holiday orders. That is why it is trying to discourage its third-party sellers from stocking up on items that aren’t likely to sell by the end of the year. Read the article by Laura Stevens, Amazon Prods Its Sellers to Free Up Warehouse Space.
Apartment dwellers just can’t get enough storage space either
An article by Ally Marotti at The Chicago Tribune headlines – Holiday packages coming: Is your building ready for the cardboard crush? She reports that new buildings are opening with lockers that residents can access 24/7, refrigerated rooms for food deliveries and software to help manage deliveries.
Improved inventory management makes the holidays oh so much more joyful
Phil Wahba at Fortune magazine believes that with inventory, less is sometimes more. He writes in Here’s Why Kohl’s Shares Are Going Through the Roof, that Kohl’s (KSS) shares rose 8% on Thursday, Nov. 10, in pre-market trading after the department store chain reported a better-than-expected profit that was helped by improved inventory management. The retailer, whose no-frills stores are a mainstay for suburban parents on a budget, also alleviated concerns about shoppers’ mindset at the start of the peak shopping season, coming on the heels of what CEO Kevin Mansell called a “strong” back-to-school season.
But some elves will still have to hustle
CNBC reports Holiday season expected to accelerate online grocery rivalry. Jeff Daniels writes that the online grocery business is expected to heat up over the holidays as major players beef up e-commerce efforts and expand into new markets. Driving the growth is the ramp up of fast grocery delivery services by Amazon and others.
…and regulators are keeping an eye on the festivities
Reuters reports, in China regulator warns e-commerce firms on ‘Singles Day’ sales tactics, that China’s business regulator said it has warned leading online shopping companies, including Alibaba Group Holding and JD.com, against adopting dodgy sales tactics at the upcoming “Singles Day” festival, China’s biggest shopping day of the year.
Have a great weekend!