megatrends impacting fashion/apparel supply chain
TRANSCRIPT
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Megatrends Impacting Fashion/Apparel Supply Chain & Distribution
Presented by:
KNAPP Inc.
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Presenter
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Michael JevinceSenior Account ExecutiveKNAPP Inc.
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Objectives
• Identify the trends that impact warehouse management for fashion
retailer/suppliers
• Describe how technology and automated solutions can position
businesses to meet the challenges faced by these trends
• Equip you to determine the proper warehouse technology to meet
demands of your customer
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What are the “Megatrends” that affect the way fashion/apparel is purchased/delivered?
• Omnichannel shopper
• Amazon effect
• The connected environment
• By 2020 – 50 billion entities
• Labor shortage
• Operating cost pressure
• Unprecedented automation
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Use your supply chain and
distribution network to enable
a competitive advantage
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The Omnichannel Shopper – Amazon Effect
• Customers require more:
• Flexibility
• Visibility
• Selection
• Reliability
• With less:
• Lead time
• Worry
• Cost
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The Connected Environment
• By 2020:• 50 billion entities
• Smart phones• Sensors• RFID chips
• Internet connectivity• Access to customer demand indicators• Big data
• Block chain• IOT
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Labor Shortage
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35%Everything
Else
65%Labor
Hourly Wages
Fringe Benefits
Training
Recruiting
Retention
Rent/Lease
Utilities
Equipment
Supplies
Rising Workforce Costs Changing Workforce Dynamics
Operations Are More Complex
Aging Workforce
Shortage Of Skilled Labor
Increasing Wage & Benefit Costs
Multi-Generational Workforce
Flexible Work Arrangements
Employee Retention
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Leveraging Technology to Improve Customer Experience
• Automated picking processes• Shuttles
• Robotics
• 3D printing
• Artificial Intelligence
• LMS
• TMS
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Thorough Business/Data Analysis
• Where can you automate to:
• Save labor
• Reduce costs
• Optimize performance
• Process question:• Eaches? Cases? Pallets?
• Process question:• Pick-to-store, e commerce
• Semi-automated, fully automated, robots
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Key Takeaways
• Understand/establish short/mid/long term goals
• Comprehensive data analysis
• Tactical automation solutions can reduce reliance on Labor and
achieve supply goals and objectives in the omni-channel
warehouse/DC
• Prepare for immanent changes – disruption is the new normal!
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For more information (Arial 32)
Speaker name: [email protected]
Website: www.Knapp.com
Visit ProMat Booth # S-1231
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