A majority of #GlobalRetailers believe that their Retail #SupplyChains, are currently “Not Optimal” in the current Retail environment, said a survey conducted by PricewaterhouseCoopers (PwC) for JDA Software…!!
As per the survey titled ‘CEO Viewpoint: The Strategic Role of Supply Chain in an All-Channel World’, 83 per cent of worldwide CEOs believe that their retail supply chains are currently not optimal for today’s changing retail environment..
” Digitally-connected Consumers have turned #RetailModels upside down as Omni-Channel Shopping has transformed Supply-chain from an important business concern to a mission critical one,” the survey said..
The survey pointed out that 50 per cent of CEOs recognise that their supply chain can be a strategic differentiator…!!
“As #MobileCommerce, comes of age, one of the biggest challenges facing CEOs is managing the transformation to Omni-channel retail,” it added..
However, as per the survey, only 34 per cent of CEOs consider the rise of omni-channel shopping to be an external threat while only 22 per cent said it will have a direct impact on their organisation.
” The rise of Omni-Channel is one of the most #Transformational Shifts that has occurred in Retail in recent times,” JDA Software chairman of the board,commented on the survey findings…
“Retailers who don’t understand the #StrategicAlignment, of their supply-chain with #ConsumerExpectations, are in danger of becoming non-competitive,” he added.
Survey said CEOs Top Priorities are ” centered on more traditional areas of growth” –” by entering into new regions and markets”, “by opening more Stores”, OR ” through Mergers & Acquisitions”…
” These priorities highlight potential #MissedOpportunities, for more than two-thirds of CEOs who failed to consider Enhancing #DistributionCapacity and Supply-chain as ” a key contributor to drive Profitable Growth”, the survey said…
CEOs think THREE Fundamental Risks will have the most impact on their organisation over the Next THREE Years :
- Increasing competitive threats (41 per cent).
- Margin erosion and cost reduction (39 per cent).
- Attracting and retaining customers (24 per cent).
This global survey was conducted amongst 409 Retail Chief-Executives…!!