This week in Retail & Consumer Goods: Digital twin & IoT become key solutions as retail supply chain disruptions begin easing.
Latest Industry Insights from Draup Braindesk
Supply chain digital transformation & incorporating wide-scale automation are the key priorities for retail & consumer goods companies
Digital Supply Chain Twin: Retailers are actively using digital twin to model their supply chains and simulate its performance in real-time to identify optimization opportunities and reduce expenditure.
Autonomous Control Towers: Companies are deploying autonomous control towers to power supply chain optimization with real-time execution, autonomous problem solving, and analytics-based supply-demand matching.
Hyper Automation of Warehouse: Digitally-enabled advanced applications of multi-shuttle systems, optical recognition sensors, smart glasses, and picking robots are actively powering warehouse automation without human intervention.
Supply Chain Cybersecurity: Security risks posed by data breaches by third parties & supply chain intermediaries have led the retailers to invest heavily in cyber threat intelligence and vendor risk assessment programs.
Latest Reports Published in Draup
Walmart Account Intelligence Report: Walmart US aims to provide an omnichannel experience, integrating retail stores and eCommerce through services such as pickup and delivery, ship-from-store, and digital pharmacy fulfillment options Read More>>
Nestle S.A. Account Intelligence Report: Nestlé focuses on expanding its product portfolio in Nutrition and Health Science segment by acquiring Nuun, a leader in functional hydration, to include a range of clean, low-sugar, effervescent tablets and powders in its portfolio. Read More>>
Key Funding Alert
Spar unveils plans to invest USD 176 Mn in business over the next 12 months
Apart from investing in stores, the focus is also on improving their supply chain and IT capability – everything from depots to vans and electric bikes for home delivery. Read More>>
Company – Chowbus HQ Location – Greater Chicago Area, USA Total Funding – USD 68.27 Mn About: Chowbus is a food delivery platform providing authentic Asian food to its users while empowering local restaurants and stores with the technology, tools, and marketing expertise to grow their business. Read More>>
Key Insights and Signals in Draup
Executive Movement FDRA shakes up leadership team, appoints Shoe Carnival CEO Cliff Sifford as Chairman In addition, Nike VP of government and public affairs Jennifer Bendall has been selected to serve as vice-chairman, leaving her post. Read More>> Arrow Electronics announces Fabian Garcia as a new Director to its board
Fabian Garcia, President, Unilever North America and a member of the Unilever Leadership Executive Team, has joined the company’s board of directors. The addition of Mr. Garcia and the retirement of MF (Fran) Keeth leaves the board’s total number at 11. Read More>> Stephen J. Henderson joins Cole Haan as Chief Digital Officer
Stephen begins immediately and will oversee Cole Haan’s global digital footprint. In the last year, Cole Haan has rolled out 26 localized sites across international markets with continued growth slated for the next fiscal year. Stephen will oversee all sites operated by international distributors, as well as Cole Haan USA, Japan, and Canada. Read More>>
Partnerships Eastman Chemical (EMN) partners with LVMH to develop packaging Eastman’s pioneering molecular recycling technologies use plastic waste instead of fossil-based feedstock to produce resins. These innovative technologies reduce the generation of new plastic by entirely diverting the existing plastic waste and also bring down greenhouse gas emissions as against traditional techniques. Read More>> Asda and Co-op to work together to drive supply chain efficiencies Asda and the Co-op are pioneering a new way of supply chain collaboration by enabling mutual suppliers to submit aggregated data on waste, water and energy to both retailers at the same time. The retailers are working with collaboration platform 2degrees to collect the sustainability data. Read More>> Blue Yonder and Microsoft partner for retail solution The supply chain giant has partnered with Microsoft to leverage advance & intelligent Azure Cloud Platform capabilities to build a cognitive & connected SaaS solution for retail and supply chain. Read More>>Mass Hiring CarMax seeks 1,800 workers, including auto body-related roles CarMax is the largest buyer and seller of used autos from and to customers in the US Newly hired automotive service professionals will help the company increase its production of vehicles for retail to support the company’s increasing demand. Read More>>Centre setup and Expansion Dorte Mandrup designs IKEA Copenhagen store with a rooftop park Danish studio Dorte Mandrup has designed a city-center IKEA store with a public rooftop park that will act as a “green lounge” for Copenhagen, Denmark. Slated to open in the Vesterbro neighborhood in 2023, the store has been designed to suit the behaviors of urban consumers. Read More>> Dabur India Ltd expands its healthcare portfolio with the launch of Dabur Anu Tailam “The launch of Dabur Anu Tailam Nasal Drop is a step forward in our mission to introduce time-tested Ayurvedic therapies in modern, ready-to-use formats,” a spokesperson noted. Read More>> Flipkart expands grocery supply chain infra with Patna Fulfillment Center The Patna grocery fulfillment center is spread across an area of nearly 53,000 square feet. “The facility has also created over 700 direct and indirect job opportunities, leading to a boost in local employment and economy. Read More>>Mergers and Acquisition Ferrero beats rivals to acquire Burton’s Biscuits for USD 424 Mn Burton’s Biscuits makes Viscounts, Wagon Wheels, Jammie Dodgers & other beloved treats. Ferrero has been a keen acquirer of British sweet brands, like Fox’s biscuits and chocolatier Thorntons, and in 2018 snapped up Nestlé’s (NESN.S) US candy business for USD 2.8 Bn. Read More>> Shoprite sells Nigerian business to Ketron Shoprite entered into a share purchase agreement with Ketron for the disposal of its entire interest in Retail Supermarkets Nigeria Limited. The price of the sale was not disclosed. Read More>> Saudi Arabia’s Almarai acquires Binghatti’s beverage production unit in UAE for USD 58 Mn Binghatti Beverages is part of Dubai-based Binghatti Holding, which operates in multiple sectors, including real estate, hospitality, consumer goods, and construction. Read More>>Layoff Danone wants to eliminate about 120 office jobs in Belgium by the end of 2022. The company has around 1800 employees in our country. At the end of last year, it was already clear that jobs were in danger of being laid off. Danone then announced that as many as 2,000 management positions would disappear worldwide. Read More>>
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