Experts are certain that supply chain will never go back to “Normal”

 https://thesiliconreview.com/2022/05/experts-supply-chain-normal-never

Buffer stock will help us keep the operations running smoothly, and this is crucial as population demographics are changing

One of the major news trends globally is the fact that almost every country has managed to move on from the global pandemic, and the supply chain is all set to return to a normal state soon. Unfortunately, that’s not how things have changed. The world has now managed to change permanently, and supply chains are all set to face new challenges for decades. In the coming decade, the supply chain is expected to become highly volatile, and it is threatening to be disruptive for the same period. We should understand that the supply chain can function without any hiccups only when all the countries are stable and peaceful.



Buffer stock will help us keep the operations running smoothly, and this is crucial as population demographics are changing. The supply chain has already become a playground for VCs, and companies around the world are continuously making investments to mitigate supply chain challenges. Only advanced technologies can save retailers from higher energy costs, strained relationships, tightening supplies, and heightened geopolitical risks. Anyone who has remained in the supply chain segment for a long time can vouch for the fact that the supply chain has always been disruptive, and various factors have affected the way the supply chain operated since the beginning of trade.

READ MORE

 

India’s Lenskart to Recruit 2,000 Employees by 2022

Indian eyewear brand Lenskart has said that it will be hiring over 2,000 employees in India and 300 more overseas by 2022 to reach more people.

Over the next few years, Lenskart is going on the offensive to expand its consumer base. The company will hire 1,500 employees to add to its retail locations and more than 100 engineers to beef up its technology team across India. In addition to this, Lenskart will recruit over 300 employees to join its supply chain and manufacturing operations. One hundred more people will be hired for corporate functions.

“We have continued to grow exponentially, in international markets as well as in India, and we are building a strong presence in regional markets as well through our stores and e-commerce. This has opened up several job opportunities across Lenskart to serve and delight our customers at a huge scale. So, hiring is a key aspect in our growth journey, and we are looking at actively hiring skilled talent across verticals for regions like Hyderabad, Bengaluru, Mumbai, and Delhi, among others,” said Lenskart’s CEO and founder Peyush Bansal, in a statement.

Founded in 2010, Lenskart has a huge presence as an eyewear brand in India. It has over 5,000 employees on its payroll, including engineers, designers, and data scientists. The company serves over 7 million people all over the world.

 

Walmart to Bring All-New Symbotic Robots to 25 Distribution Centers

The retail giant, Walmart has announced its latest robotics partnership. The c retail firm will be teaming with Massachusetts-based automation company Symbotic. Both the companies have stated thatthey will extend their relationship to bringrobots to around 25 regional Walmart distribution centers. This rollout will take several years to complete.

Both the companies have embracedautomation to reshape the retail industry. The robots will increase freight sorting, stocking, and unloading. Both Walmart and Symbotic aims to serve customers now, and in the future, by providing the right tools and training to its customers and associates so they can deliver the items customers want, when they want them, with unmatched convenience. Both firms are investingon supply chain at an unprecedented scale in to optimize that process end-to-end.

Walmart is focusing on piloting robots over the last several years, in hopes of expediting some of its processes. Besides, Walmart is also exploring ways for these machines to double up and perform in-store inventory checks and if successful it will be extended to various Walmart stores as well.Symbotic has a significantly stronger track record, in robotics sector. The company lists among its partners one of Walmart’s biggest competitors.