What Does the Post-Pandemic Fulfillment Model Look Like?
Online order fulfillment used to rely on Just-in-Time (JIT) inventory practices, wherein predictive software leveraged historical trends and sales data to identify optimal restocking times. This method allowed online retailers to avoid overpaying for warehouse storage. The COVID-19 pandemic exposed a major flaw in JIT inventory philosophies as e-commerce sellers quickly ran out of inventory in the face of massive disruption to their resupply channels. This emergency caused a shift in the other direction, with retailers stocking their warehouses to bursting with safety stock ... Read More