The pandemic exposed supply chain vulnerabilities in nearly every industry sector. According to the BCI, in 2020, the number of organizations experiencing 10 or more disruptions increased by over 27 percentage points. Customer shifts toward online buying created new expectations for product availability and forced e-commerce into the spotlight, which drove retailers to tighten compliance requirements – placing increased pressure on CPG suppliers to meet new protocols or face significant fines. And for the first time in decades, supply chain management was escalated to a C-suite conversation and has become a strategic business imperative for suppliers worldwide.
As CPG companies make critical assessments that evolve retail supply chains for greater optimization, one program has proven transformational – Retail Consolidation. A simple concept that yields immediate cost savings, decreases carbon footprints, and improves overall supply chain performance. Suppliers can comply with retailer requirements while growing their business via higher in-stocks, stronger profitability, line extensions, and more.