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Supply Chain Management: What’s Next For Food and Beverage — Part One

Posted by Harriet Schneider on Jun 23, 2020 8:00:00 AM

Food and beverage companies have long struggled with the unique requirements of shelf life management, complexities of batch scheduling, traceability, and many other factors. In addition, uncertainties around tariffs, sustainability initiatives, and growing regulations are some of a multitude of dynamics that will surely add even more complexity to the mix. Many of these issues and trends can have profound impact on your entire supply chain—from procurement to manufacturing to delivery.

Infor's Mike Edgett and Christine Barnhardt and I had the opportunity to discuss a number of challenges as it relates to supply chain complexities in the food and beverage industry. In the webinar, we segmented the challenges into three buckets; gain global visibility, predict and respond to volatility, and embrace the best technology.

We all tend to limit our focus to the variables within our control, however, it’s time to rethink all supply chain processes because they are not as efficient as they need to be. We did a survey of the companies that were on the Infor Nexus network, about two years ago, and what we found is that about 46% of them said that prior to implementing Infor Nexus it took them as long as three days to identify where a product were, and when it was going to be available. Very clearly the data is not available to help us make good decisions. On top of that, there are gaps for how manufacturers connect with customers, suppliers and carriers outside of the enterprise, whether it be multiple point-to-point EDI connections, portals, spreadsheets, emails—the list is almost endless—and very difficult to maintain.

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Topics: Fashion & Retail, Retail, Fashion & Apparel, Infor CloudSuite PLM for Fashion

Surviving Amidst Excess Inventory In Retail

Posted by Harriet Schneider on Jun 11, 2020 8:00:00 AM

The COVID-19 pandemic continues to ravage the health of individuals, communities, and economic sectors—and that includes retail establishments. Around the globe, in every country,normal life has changed dramatically, and we see the results in store closures (both temporary and permanent), employee layoffs, and people focused on and immediate essential needs. So we see apparel, shoes and non-essentials dropped down the list of purchasing priorities.

We already know that most retailers were under intense margin and revenue pressure before this crisis hit. Now one of the new financial burdens resulting from the pandemic is an abundance of inventory trapped throughout the supply chain. But, amidst this, there is still good news. If you are a retail business, there are a variety of options for you to work through these situational excesses. The optimal combination will depend on each retailer’s unique situation.

As the global economy slowly reopens, this timely blog from our partner, Info shares how retailers actually have 5 major opportunities for resolving their overstock issues.

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Topics: Fashion & Retail, Retail, Fashion & Apparel, Infor CloudSuite PLM for Fashion

Top 7 Ways To Create Exciting Fashions Faster With Infor CloudSuite PLM For Fashion

Posted by Harriet Schneider on Mar 24, 2020 8:00:00 AM

In today’s highly technical, data-driven fashion environment, the limited functionality of spreadsheets and other outdated, manual-entry tools often result in significant time lags, data inaccuracies, linear sequential processes, and an inability to integrate with shared data libraries. When the greatest asset a fashion manufacturers can have is getting new ideas to consumers quickly, manufacturers can’t afford to let technology slow them down.

That’s why fashion companies need Infor CloudSuite™ PLM for Fashion—a modern, product lifecycle
management (PLM) solution that can handle the fast-paced demands of a 21st-century fashion business. It can help brands develop new styles with increased speed, greater flexibility, and more consistent quality.

Based in the cloud, CloudSuite PLM for Fashion lets you work from anywhere, on virtually any device.Innovate faster. Infor CloudSuite PLM for Fashion is a powerful PLM and collaboration platform that can help fashion manufacturers and their value chain partners innovate faster, make processes more efficient, and easily share information. As a result, fashion manufacturers will have the tools they need to create exciting fashions and deliver them to consumers faster.

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Topics: Fashion & Retail, Retail, Fashion & Apparel, Infor CloudSuite PLM for Fashion

Retail's Big Show & Expo - NRF 2020 Vision

Posted by Harriet Schneider on Jan 16, 2020 8:00:00 AM

Mitchell Chi, General Manager - Americas Enterprise Software, attended the NRF 2020 Vision show at Javits Center in NYC. “RETAIL IS FAR FROM DEAD," said Mitch. "Only the complacent retailers should be worried. The atmosphere here is “let’s INVEST to grow our business in 2020”. Lots of smiles, serious questions and tremendous interest from senior execs, who are here in droves”. 

 

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Topics: Fashion & Retail, Retail, Fashion & Apparel, NRF, Retails Big Show, NRF 2020 Vision

Sketch To Store In The Cloud

Posted by Harriet Schneider on Jan 7, 2020 8:00:00 AM

In today’s highly competitive and consumer-driven marketplace, fashion companies are under enormous pressure to create exciting new products at a moment’s notice. By providing a central repository for storing and accessing design and development information, CloudSuite PLM for Fashion can help businesses meet this need for speed, while also making sure new styles and collections are delivered with consistent quality—at the right time and right price.

Accelerate innovation with CloudSuite PLM for Fashion

Whether a company has 20 users or more than 2,000, Infor CloudSuite PLM for Fashion is designed to accelerate development cycles to get ideas to market faster. With its intuitive, personalized user interface, CloudSuite PLM for Fashion is an end-to-end solution that connects every aspect of a product’s lifecycle, from the first sketch to the store.

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Topics: Fashion & Retail, Fashion PLM, CloudSuite PLM

The Biggest Mall Owner In The US Is Going Online

Posted by Harriet Schneider on Nov 12, 2019 8:00:00 AM

The biggest mall owner in the U.S., Simon Property Group, is teaming with online shopping site Rue La La’s parent company to launch a new kind of website for people looking for deals.

The real estate company announced Wednesday it’s partnering with Rue Gilt Groupe, which is backed by Michael Rubin, CEO of Fanatics’ parent company Kynetic, to create a new e-commerce business for discount shopping.

Simon has been testing the website “ShopPremiumOutlets.com” since March, building on its premium outlet centers business. The mall owner operates dozens of premium outlet centers nationwide and a handful overseas. It’s been working with certain retailers at those centers — which include Woodbury Common Premium Outlets in New York — to test selling merchandise together on this site. It says it has signed on more than 2,000 designers, and has about 300,000 products.

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Topics: Fashion & Retail, Retail, Fashion & Apparel, Infor Retail, Online Retail, Fashion PLM, CloudSuite Retail

Podcast: Retail In 3D

Posted by Harriet Schneider on Nov 7, 2019 8:00:00 AM

In this episode we talk with Morin Sarenio of CGTrader, a company of 2-million designers that’s providing retailers with immersive augmented reality that lets customers try products online before they buy them. That means better customer experience, fewer returns, and major savings on reverse logistics.

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Topics: Fashion & Retail, Retail, Converged Commerce, CloudSuite Retail

Is Clothing Rental The Panacea For The Ailing Fashion Retail Industry

Posted by Harriet Schneider on Oct 24, 2019 8:00:00 AM

A recent report valued the rental subscription market at around 1 billion dollars in 2018 and forecast it grows more than 20 percent a year, reaching 2.5 billion dollars by 2023. This trend isn’t lost on traditional retailers: over the last year everyone in the industry seems to be launching their own clothing rental service.

Recent research from GlobalData confirms the explosive growth of clothing rental and / or subscription services: it’s expected to reach 2.5 billion dollars value by 2023, prompting brands such as Banana Republic, Macy’s, Urban Outfitters, Trunk Club or J.C. Penney to announce their own apparel rental services.

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Topics: Fashion & Retail, Retail, Fashion & Apparel, Infor Retail, Online Retail, Fashion PLM, CloudSuite Retail

Malls Are Dying, But There’s A 3-Step Plan That Can Save Them

Posted by Mitchell Chi on Oct 17, 2019 8:00:00 AM

I read a recent article in Forbes that talked about upheaval in the shopping mall industry. There's a link to it at the end of my commentary and I would really appreciate hearing your thoughts on it as well. Here are mine:

“HURRY AND DIE MALLS."

Your days are over. People want a social experience, not products. Mark-downs and sales clerks. As we all know, the hype, “Retail is Dead” is just that, hype. Consider the following. 87% of consumer retail is transacted in brick & mortar, physical stores. Yes, you heard me…87%. In fact, a recent NRF report stated retail sales, in stores, are up 4.9%. NOT e/comm, by true shopping and social interaction.

The net is, if you fear Amazon will put you out of business, shame on you! You “owned” your customers for decades, but did you do anything to earn their loyalty except showcase your products? 30% of my personal shopping is on-line. Mostly under $50 commodities. 70% is spent with retailers who invest in their employees training & wages, innovative products, and exceptional customer service, both pre and post sale. Malls are (I hate this word), “transforming” into social town centers with entertainment (movies, concerts, festivals), attractions (claiming walls, work-out centers, VR and the like), hard goods (driver training hosted by auto manufacturers, cooking classes hosted by appliance manufacturers and the like) and most of all, a place to stop texting and start socializing”. Mall dead? Yes, while town centers are thriving!”

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Topics: Fashion & Retail, Retail, Infor Retail, Online Retail, CloudSuite Retail, Shopping mall

Podcast: #NoFilter: Authentic Videos Are The Future Of Experiential Retail

Posted by Harriet Schneider on Oct 10, 2019 8:00:00 AM

To date, retailers have been cautious with live product broadcasts, but a wealth of opportunity exists to connect with customers, build their brands, and significantly increase sales with authentic video content. From combining influencers with real life people trying products to gamification and interactive broadcasting, brands should be looking to authentic video content as they move into the future of retail. In this episode of Reinventing Retail, we chat with Dave Dabbah of Agora.io, an API platform that’s bringing peer-to-peer video to retailers and fashion brands.

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Topics: Fashion & Retail, Retail, CloudSuite Retail

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Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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