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SML RFID, software solutions provider, says according to its survey, the top priority for apparel and footwear retailers when looking to reopen their doors once the pandemic subsides is establishing a clear base-line inventory position.
Following its latest health assessment, the KPMG/Ipsos Retail Think Tank (RTT) has determined that UK retail health worsened substantially in the first quarter of 2020, with the impact of COVID-19 being the key driver.
In March 2020, the monthly retail sales volume fell sharply by 5.1%; the largest fall since the series began as many stores ceased trading from 23 March following official government guidance during the coronavirus (COVID-19) pandemic.
Today’s warehouses and distribution centres face a lot of challenges: increasing labour costs, less available space and frequent small orders with short delivery times.