The impact of the ongoing pandemic will sprawl over 2021, hence it's only logical to expect those new supply chain and logistics trends that emerged in 2020 to lead the way next year.
Domestic firms must now develop its own local sourcing units and adopt alternatives strategies to reduce its dependency on imported goods and raw materials.
The main advantage of Supply Chain Finance is that it works well when the buyer has a good credit rating than the suppliers and thus provides much-needed access to capital at lower costs.
Customer segmentations can be created with associative data of one group of buyers with other groups who have no connection whatsoever with the former.
Internationally technology has been mushrooming for the past decade but in India we can easily say that the past 2 years have been paving the way for the digital era of retail.
When was the last time you marked your calendar waiting for an online delivery or even stayed back home just because a parcel was expected? If you fail to recall, you are not alone.
Having a well equipped warehouse to store products and peripherals is very important for any retail brand. Technology has undoubtedly enhanced the process of storage and supply chain, but can robotics technology be the next big thing? Let's find out.