Agile Supply Chains Win In Spending Boom During COVID-19
How is the U.S. economy surviving during the COVID-19 pandemic? With the government enforcing stay at home orders and the closing of business with phased re-openings, you might think that the U.S. economy was hanging on by a thread! In realty, Americans surprised Wall Street with a spending boom during the coronavirus. The American people have adjusted to working and living from home and their purchasing habits have reflected this necessity to create functional living spaces. The companies that have really excelled financially during COVID-19 are the companies that have a strong e-commerce presence and have ramped their investments in automation and other digital supply chain technologies so they can be more agile and responsive to the change in customer demand.
Among the these winning companies, highlights include:
• Walmart reported sales of $137.7 billion, vs. the $135.6 billion consensus forecast.
• Amazon reported sales of $88.9 billion, vs. the $81.2 billion forecast.
• Home Depot reported sales of $38.0 billion, vs. the $34.5 billion consensus forecast.
• Target reported sales of $23.0 billion, vs. the $19.8 billion consensus forecast.
Retailers that have not fared well are the closely linked to the American shopping mall, especially true for department stores focused on apparel such as T.J. Maxx and Kohl’s.
The MHI 2020 Annual Industry Report will give you insight into the technology and innovation taking place across the supply chain industry. It will also help you better understand how to move toward a digital supply chain model. Download the report today!
Discover what is possible for your supply chain and see these new digital supply chain technologies in action at ProMat 2021 this April.