How retailers prepped their supply chains for 2024’s holiday crunch

5 days ago · Shoppers walk through a Macy's department store in Chicago on Nov. 29, 2024. Retailers like Macy's often plan their holiday supply chain strategies more than a year in advance.

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The State Of Supply Chain Confidence Ahead Of The 2024 Holiday …

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Retailers and supply chain leaders are leaning into artificial intelligence (AI) to help manage supply chains, forecast demand, and optimize operations during the holiday rush. 60.8% of …

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Study: 98% Of Retail Execs Report Supply Chain Issues Ahead Of …

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Oct 29, 2021 · How retailers prepped their supply chains for 2024’s holiday crunch By Philip Neuffer Activist firms demand Macy’s consider options for Bloomingdale’s

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FAQs about How retailers prepped their supply chains for 2024’s holiday crunch Coupon?

Are retailers prepared for supply chain disruptions in 2024?

The panel of retailers indicated that they want to be prepared for any disruptions to their supply chains during the 2024 holiday shopping season. That starts with monitoring, according to half of the respondents, who said they want to use technology to monitor deliveries and supply chain disruptions. As a result, 30% said they have or will: ...

How are logistics companies addressing the holiday shopping season?

This leaves logistics companies with a tighter window to deliver orders on time. To address this, retailers and logistics are lengthening the holiday shopping season with earlier sales. For example, large brands like Amazon and Walmart began holiday shopping events in early October. ...

Will holiday shopping revert in 2023?

This trend saw a reversal last year during the 2023 holiday shopping season, during which things seemed to return to ‘normal’ with weekday spending dropping slightly below Saturday and Sunday levels. Weekend shopping trips made a return to the American consumer routine and are expected to continue through the 2024 holiday season. ...

Why is weekday shopping so important in 2024?

Weekend shopping trips made a return to the American consumer routine and are expected to continue through the 2024 holiday season. But retailers shouldn’t underestimate the importance of weekday shopping. E-commerce has continued to grow, and the prominence of online channels is 1.4x higher during weekdays. ...

Will the holiday retail season accelerate quickly?

BCG's 2024 Holiday Outlook Survey found the holiday retail season will accelerate quickly. Learn how retailers can navigate this shopping season with success. ...

What challenges will retailers face in 2024?

The top three challenges retailers anticipate leading up to the 2024 holiday shopping season are all tied to their bottom lines. Two-thirds of the panel (66.67%) is concerned about rising inflation rates, and the same amount cited increasing costs as an obstacle. In line with that, more than half (58.33%) cited meeting profitability goals. ...