New York (PRWEB) March 21, 2013
TradeCard, Inc. and Sourcing Journal Online have published a new special report that explores the supply chain capabilities required to meet consumer expectations in an omni-channel retail environment. The report, “Cloud Sourcing for an Omni-Channel World,” explains that supply chain visibility across all sales channels, powered by smart deployment of cloud technologies, will be the key enabler for omni-channel retail success.
“Omni-channel fulfillment is all about getting the consumer the product they want, in the channel that they want, when they want it,” explains Tamara Saucier, VP of Market Development at TradeCard. “For retailers, delivering a consistent consumer experience across all channels is critical. To fulfill this promise, inventory knowledge across the supply chain has to be accurate, timely and actionable.”
Technology continues to empower consumers by allowing them to shop on their smart phones or tablets at home, while traveling, and even as they walk store aisles comparing products and prices in real-time. At the same time, smart technology is essential for retailers as they try to keep up with today’s consumers – both in-store and across the supply chain.
In recent months, as consumer spending has rebounded, omni-channel strategies have emerged as essential retail practices. The U.S. Commerce Department reported that U.S. retail sales increased 1.1 percent year-over-year in January and 4.6 percent in February. Online sales are a key driver of this growth. Forrester forecasts U.S. online retail sales will reach $262 billion this year, 13% higher than 2012. Online sales for apparel and accessories are expected to exceed $40 billion. Retailers are racing to deliver a consistent consumer experience online, in-store and via mobile apps.
The TradeCard report explains how cloud technologies can connect the entire supply network to enhance visibility, speed, efficiency, savings and agility – all essential to omni-channel retailing.
“Retail logistics needs to deliver the product, regardless of the point of purchase,” said Edward Hertzman, Publisher of Sourcing Journal. “As consumers expect greater selection, speed and service, managing raw materials, cutting fabric, promoting products, and shipping/warehousing goods become exponentially more complex. The extent to which retailers adapt and evolve their supply chain will determine who fails, who merely survives and who realizes the promise of omni-channel retailing.”
Download the report at:
About Sourcing Journal Online
Sourcing Journal is a global resource for news and information tailored for textile and soft goods executives working on the supply chain side of the business. We provide daily updates on news changing the industry, commentary and opinion from industry experts. We also craft collaborative white papers highlighting trends that are shaping the industry. Our twice-weekly email newsletter is full of insightful analysis and breaking news stories, along with commodity prices, international holidays, and data driven trade pieces. Sourcing Journal has over 45,000 subscribers, and can be found at http://www.sourcingjournalonline.com.
About TradeCard, Inc.
Since 1999, TradeCard, Inc. has transformed global supply chain collaboration by boosting visibility, cash flow and margins for over 13,000 brands, retailers, suppliers and service providers operating in 78 countries. TradeCard delivers a cloud-based network that enables complex, multi-enterprise sourcing transactions across multiple layers of the supply chain. More than 61,000 individual users leverage the TradeCard Platform to streamline transaction flows, from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and minimize risk. Multi-enterprise collaboration on the platform delivers visibility into the movement of goods, from raw materials to the store shelf. TradeCard’s on-the-ground trade experts around the world allow entire supply networks to rapidly join and drive value through the platform.
The world’s leading retailers and brands, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid, leverage the TradeCard Platform and its member network for sourcing and global trade. TradeCard, Inc. is headquartered in New York City, with offices in San Francisco, Amsterdam, Hong Kong, Shenzhen, Shanghai, Taipei, Seoul, Ho Chi Minh City and Colombo. TradeCard is located online at http://www.tradecard.com.
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