Roughly 17 percent of retailers plan to make a move to digital sourcing in 2017, according to a recent IDC report. In an industry constantly challenged to produce better quality products, faster and for lower costs, why is it that so few industry players are on board? To succeed today, retailers need to embrace technology that helps them motivate, evaluate and collaborate with internal and external teams to achieve an end product that truly delights consumers.
With increased focus on price, promotion and speed, many retailers are forgetting about what drew them to the industry in the first place – creativity! Shortening the product development timeline is crucial in today’s retail industry, but retailers must find a way to do so without sacrificing the quality of the products their customers love.
Despite the powerful technology takeover worldwide, it has taken longer than it should for the retail industry to fully adopt a digital approach.
Industry leaders Sue Welch of Bamboo Rose and Victoria Brown of IDC will discuss the hidden costs of the need for speed in a webinar on Thursday, July 20 at 1pm ET. Attendees will learn how to source samples, materials and products that are on-trend, high quality and relevant – all on an accelerated schedule.
Retailers with digital strategies will have a competitive advantage in their ability to get instant information and real-time visibility to create more collaborative and advanced supply chain networks. Don’t get left behind – join the webinar to learn how digital sourcing can help retailers move at lightning speed, enhance visibility throughout the supply chain and create valuable relationships with strategic partners by leveraging the entire community.
Find out more and register for the digital sourcing webinar.