A significant survey of 250 senior retail executives throughout the US and UK reveals alarming gaps in trend provide chain visibility, effectivity, and compliance readiness, based on the ‘Boosting Margins’ whitepaper by Avery Dennison.
Avery Dennison’s survey of 250 trend executives within the US and UK reveals main provide chain gaps: solely 22 per cent price theirs as environment friendly, whereas 25 per cent admit to little or no visibility.
Guide monitoring prevails, and traceability, labour shortages, and compliance dangers persist.
Almost half are unprepared for EU DPP guidelines, regardless of requires tech funding and provider collaboration.
Solely 22 per cent of respondents rated their provide chain as ‘efficient and responsive.’ In distinction, 30 per cent described theirs as ‘highly problematic with regular disruptions,’ with C-level executives expressing this view most strongly (41 per cent).
Visibility stays a core problem. Simply 24 per cent of manufacturers report full item-level visibility inside factories and distribution centres, whereas 50 per cent declare solely partial visibility. One in 4 trend leaders (25 per cent) admit to restricted or no provide chain perception.
Applied sciences stay underutilised—42 per cent within the UK and 38 per cent within the US nonetheless depend on spreadsheets for stock monitoring, and 20 per cent of all respondents proceed to make use of handbook information entry, as per the report.
Uncooked materials traceability and provenance emerged as essentially the most urgent problem, cited by 24 per cent of all respondents. This was adopted by labour and useful resource shortages (22 per cent), customs and compliance points (20 per cent), and stock loss or shrinkage (19 per cent).
Regional developments present UK manufacturers are extra involved with labour shortages (27 per cent), whereas US manufacturers prioritise uncooked materials traceability (24 per cent).
The dearth of item-level visibility has direct enterprise impacts. Round 30 per cent battle with last-minute garment labelling modifications, and 25 per cent face compliance dangers on account of inadequate traceability. Within the US, 33 per cent report difficulties figuring out disruptions in real-time, in comparison with simply 20 per cent within the UK.
Regardless of these challenges, 65 per cent of all respondents imagine that larger collaboration with suppliers and funding in visibility applied sciences—corresponding to RFID tags, blockchain, and IoT sensors—would considerably enhance effectivity. But, readiness for regulatory compliance stays weak.
Almost half (49 per cent) of all trend retailers are unprepared for the EU’s incoming Digital Product Passport (DPP) rules, with solely 19 per cent of US and 14 per cent of UK corporations saying they’re ‘very well prepared.’
