Main Article Content

Abstract

Global retailers, face alarming issues that pose a serious hurdle to the growth opportunity that the retail industry promises for the world’s economic progress. During the past few decades, retailers have been facing increasing competitive pressures from a number of sources. In a bid to improve profitability and efficiency, retailers are seeking ways to reduce costs, improve efficiency and enhance customer service through efficient supply chain management. Supply chain management can be one such driving factor which may positively impact the overall retail trend. Today, efficient management of logistics and the supply chain is not just important for survival, but a necessity for retailers to gain a competitive advantage. Looking at the rapidly evolving retail sector, it is essential to develop robust supply chains.

Article Details