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Rethinking the just-in-time supply chain
Stephen Babcock
October 31, 2022
The shipping bottlenecks and order delays of the last three years are prompting leaders to rethink the “just-in-time” supply chain that has moved goods across the world for years. Businesses are increasing their range of suppliers, and sourcing goods closer to home. Steps such as these can help to prepare for any future shocks, while also reducing the carbon footprint of global trade, according to IFS’ Marne Martin.
Shein is on track to reach $24 billion in revenue this year and GMV is expected to grow 50%, sources tell the Wall Street Journal. The report puts hard numbers behind the much-discussed rise of the Singapore-based retailer that combines low prices and viral styles. One key to staying cost-effective: At a time when many retailers face a glut of inventory, Shein has a sell-through rate of 98%. “Very little of our merchandise isn’t sold,” said COO Molly Miao.
Economic data delivered last week showed consumer spending and inflation were unchanged from August. Meanwhile, consumer confidence fell after two months of gains, indicating that worries about inflation are rising just as we head into the holiday season.
Claire’s is the latest retailer to enter Roblox. The jewelry and accessories destination built a new experience on the gaming platform that is designed to create its own digital economy. With a focus on self-expression and personal style, ShimmerVille will allow users to add goods to their avatars that can also be purchased at stores, Retail TouchPoints reports.
November is nearly here. The Fed is getting ready to announce its latest move on interest rate hikes. Then, the monthly jobs report will provide clues as to whether these actions are having an effect. Meanwhile, earnings season continues with a host of reports from marketplaces (eBay, Etsy), delivery services (DoorDash, Uber) and prominent brands (Clorox, Estee Lauder).
Tweet of the Day 🐦
I spent the last 7 months of my career slowing growth during an industry supply crisis.
I peeled back every growth lever and learned secrets untold. My assumptions about what was driving growth were shattered.
With confidence, these are the 3 most impactful drivers of growth:
— Cherene (@ChereneAubert)
4:36 PM • Oct 29, 2022