Diginomica: Why are so few retail supply chains digital? Lessons to be learned from the COVID-19 crisis
Story originally appeared in Diginomica on July 10, 2020. Excerpts from the story below. To see the full story visit Diginomica.com.
A new study from WMG (Warwick Manufacturing Group), a collaborative department for knowledge transfer between industry and academia out of the UK’s University of Warwick, finds that just 15% of retailers worldwide have what WMG calls “digitally-ready supply chains”. This has made it difficult for them to beat a path through COVID-19 disruption, is the report’s grim conclusion.
For the study, WMG spoke to 104 large retailers worldwide, 80% of which have a turnover of more than $500 million. Most are in those three exposed groups highlighted above – supermarkets, clothing outlets, and department stores – along with some in household, DIY, and other sub-sectors.
Disclosure – WMG’s study was commissioned by retail platform provider Blue Yonder,
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