Supply Chain Capacity Issues Fueling Cost Increases, Report Finds
A new report found that delivery and warehouse capacity issues continue to impact supply chain costs, with retail being one of the hardest hit sectors.
A new report found that delivery and warehouse capacity issues continue to impact supply chain costs, with retail being one of the hardest hit sectors.
A proposed bill would let governors invoke the Taft-Hartley Act to address port slowdowns like the one that caused massive gridlock at 29 West Coast ports.
Barring a major breakthrough, a crippling West Coast port shutdown could happen in 5-10 days, costing the economy $2 billion per day, according to the NRF.
As the 2014 retail seasonal shipping peak roars to a close, the major carriers are seeing their numerous upgrades and investments put to the test.
A majority of smartphone users (55.7%) said they will use their device in some fashion this holiday season, up from 53.8% last year.
July port traffic is projected to be at the highest level in five years, the NRF reports, as west coast port negotiations go on.
A joint NRF/NAM study found a West Coast port strike could cost the U.S. economy up to $2.5 billion per day.
The National Retail Federation released a survey reporting that total spending will reach $12.5 billion. Nearly one-quarter of smartphone users will research products and compare gift prices on their smartphone, and 30.6% of tablet owners will do the same.
For years, when it came to which countries were at a similar stage of advanced and growing economic development, retailers have had their eyes on Brazil, Russia, India and China, affectionately known as BRIC. However, during this week’s National Retail Federation’s conference, the new buzzword was Latin America.
Although the press was not allowed to attend the National Retail Federation’s Big Show in New York City keynote session with former President George W. Bush, it didn’t stop attendees from tweeting the action live. Here are just a few of the recaps: