“The warning signs for UK retailers are plentiful: it is do or die when it comes to transforming supply chain operations. Organisations need to prioritise agility and flexibility to ensure resiliency in their supply chain.”
Bad weather in Europe and Northern Africa caused shortages of salad items in the UK, leading major supermarkets like Tesco’s, Morrisons, Aldi, and Lidl to impose purchase limits on tomatoes, peppers and lettuce. Plus, the pandemic exposed the inflexibility of global supply chains, affecting retailers like Sainsbury’s, Asda, Boohoo, and ASOS, which reported supply chain issues and profit drops due to delayed deliveries and increased stock. GreyOrange CEO and co-founder Akash Gupta shares a path to address these challenges: UK retailers must prioritize agility and flexibility, leveraging automation and robotics to realign fulfillment operations and manage inventory efficiently. The UK government is investing £900 million in AI research to support economic growth, but retailers must embrace automation to stay resilient amid future supply disruptions.
Read the original CityA.M. article here.