Problems in Supply Chain: Supply chains are inefficient
- 7 of 10 online orders are fulfilled incorrect due to a gap in real-time inventory data. COVID has made this a $1.5B+ problem per retailer
- Out of stocks are a $631B problem industry wide
- Overstocking is a $471.9B problem
- Produce is a loss leader in retail
- Modular integrity can cost $60B for CPG’s industry wide
- Warehouse Positional data, inventory control, and auditing is costly
These are fundamental problems for Global Fortune 100 retailers.
