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Friday, 2 September 2016
quote [ The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tonnes of goods being carried by the South Korean company will reach shelves. ]
It is an event like this that underscores how fragile the global economy really is. The cumulative effects of this, if it is not seen to quickly are an immediate rise in shipping fees and layoffs in manufacturing and retailing across the globe. Oh....and sparse shelves come Christmas....
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Morris Forgot his Password said @ 3:40pm GMT on 2nd September
Just in Time delivery etc etc.... streamlined logistical operations....
Retailers do not have the luxury of having inventory lying around in warehouses intended for sale 2 quarters later and having 100s of millions of dollars in investment doing nothing other than collecting dust... so no, retailers do not have the seasons goods already warehoused. They have neither the warehouse space or for that matter, the lack of knowledge to waste money so foolishly.
By the way, my wife is a store manger at home depot. While not a big christmas season player (Oh darling! you gave me a new roof for christmas!) 90% of their products are delivered from a HD warehouse... they come direct from the manufacturers or their distributors right to the store, thus eliminating the need for large warehouses or cash tied up in warehoused inventory.
Morris Forgot his Password said @ 4:44pm GMT on 2nd September
Just in Time delivery etc etc.... streamlined logistical operations....
Retailers do not have the luxury of having inventory lying around in warehouses intended for sale 2 quarters later and having 100s of millions of dollars in investment doing nothing other than collecting dust... so no, retailers do not have the seasons goods already warehoused. They have neither the warehouse space or for that matter, the lack of knowledge to waste money so foolishly.
By the way, my wife is a store manger at home depot. While not a big christmas season player (Oh darling! you gave me a new roof for christmas!) 90% of their products are NOT delivered from a HD warehouse... they come direct from the manufacturers or their distributors right to the store, thus eliminating the need for large warehouses or cash tied up in warehoused inventory.
<-- Entry / Current Comment
Morris Forgot his Password said @ 3:40pm GMT on 2nd September
Just in Time delivery etc etc.... streamlined logistical operations....
Retailers do not have the luxury of having inventory lying around in warehouses intended for sale 2 quarters later and having 100s of millions of dollars in investment doing nothing other than collecting dust... so no, retailers do not have the seasons goods already warehoused. They have neither the warehouse space or for that matter, the lack of knowledge to waste money so foolishly.
By the way, my wife is a store manger at home depot. While not a big christmas season player (Oh darling! you gave me a new roof for christmas!) 90% of their products are NOT delivered from a HD warehouse... they come direct from the manufacturers or their distributors right to the store, thus eliminating the need for large warehouses or cash tied up in warehoused inventory.
