Published on

Ecommerce Retail Supply Chain 2022 Session 1

Ecommerce Retail Supply Chain 2022 Session 1

Good morning/afternoon, ladies and gentlemen! Welcome to the first session of the Ecommerce Retail Supply Chain Summit 2022. In this session, titled "Rethinking Supply Chain for Omni Channel Shopper of Ecommerce Retail Supply Chain," we will explore the current state and challenges of omni-channel retail supply chain.

Let's begin with a brief introduction of our panelists and presenters. Mr. Varun Wadwa, the Director of Consulting Business at KPMG, will give a presentation on the current state of the omni-channel retail market. We also have Mr. Pratikshayan, the National Transportation Lead at Mondelez, who will share his experience in the FMCG supply chain sector. Mr. Rishabh Gupta, the Senior Manager at Shiprocket, will provide insights into the quick e-commerce sector. Lastly, we have Mr. Sebastian Derek, the Head of Supply Chain at TVS Supply Chain Solutions, who will offer his perspective from the service provider side.

Now, let's delve into the presentation by Mr. Varun Wadwa. He defines omni-channel as the ability to order anything from anywhere and get it delivered from anywhere. He mentions that the omni-channel retail market in India is still at a nascent stage, but it is growing rapidly, driven by factors like the pandemic. Companies adopting an omni-channel strategy have seen better customer loyalty, increased turnovers, and savings in inventory volumes.

However, implementing an omni-channel supply chain is not easy. Challenges include inventory visibility, integrating supply chains, having different vendors for different channels, fulfillment process complexity, and managing reverse logistics.

To overcome these challenges, a successful omni-channel strategy requires an integrated supply chain, inventory transparency, and robust technology. Technology plays a crucial role in solving the complexity of supply chains, providing real-time inventory updates, and enabling data-driven decision making.

In terms of technology, Mr. Ravi Mathur highlights that different geographies may require different approaches. He suggests that India is poised for omni-channel success, but smaller organizations may need to adapt their strategies to their specific needs and resources.

Mr. Rishabh Gupta adds that technology plays a vital role in optimizing the omni-channel supply chain, particularly in providing trackability and traceability of goods. He also mentions the importance of integrating different software platforms and solutions to create an end-to-end seamless experience.

Regarding inventory optimization with dark stores and blanket models, the panelists explain that these models often focus on fast-moving inventory and create redundancies in inventory. The key is to prioritize availability rather than optimization in these models.

Keyword: Omni-channel retail, Supply chain challenges, Inventory visibility, Technology integration, Inventory optimization, Dark stores, Blanket models

FAQ:

  1. How can retailers optimize their omni-channel strategy for Millennials and Generation Alpha customers? Retailers can optimize their strategy by providing a seamless and consistent customer experience across all channels. This includes integrating technologies, ensuring inventory availability, and offering personalized and convenient delivery options.

  2. What technologies can retailers use to optimize their omni-channel supply chain? Retailers can leverage technologies like artificial intelligence, machine learning, and blockchain to improve inventory visibility, demand forecasting, and delivery management. Integration of various software platforms is also crucial for a seamless end-to-end experience.

  3. How does inventory optimization work with dark stores and blanket models? Dark stores and blanket models prioritize availability over optimization. They typically focus on fast-moving inventory and may use partnerships with local stores to handle different inventory items. The goal is to ensure that the right products are available in the right locations for efficient order fulfillment.