3 Tips for an Improved Holiday Supply Chain

Without having the right products at the right place at the right time, capturing peak spending is next to impossible. Therefore, the following supply chain guidelines are essential for retailers’ holiday success as well as building customer loyalty:

1. Have a dedicated supply chain strategy in place well in advance. Efficient supply chains are key competitive differentiators. Along with high-pressure, high-demand delivery and unpredictable stocking needs, the peak season's distinctive set of logistical circumstances requires a unique strategy. Creating a lean, agile supply chain for the holidays allows retailers to adapt to volatile swings in demand, deliver faster and guarantee product availability for any purchasing channel. Retailers should forecast and plan ahead for supply shortages, severe weather and expedited shipments, and work with supply chain service providers that help execute the plan.