Oyku Ilgar is a marketer, blogger, and podcaster in the area of ERP and Digital Supply Chain at SAP.
Father's Day is this Sunday, June 16th, and finding the ideal gift to express your appreciation for your dad is likely at the top of your to-do list. According to the National Retail Federation and Prosper Insights & Analytics, spending in the US on Father's Day is expected to reachLet’s take a closer look at how eco-friendly, innovative, and personalized Father’s Day gifts and how your supply chain can prepare.
When it comes to these types of personalized products, a common concern is whether the gifts arrive on time . Demand for personalized gifts spikes unexpectedly throughout the year and companies mustUtilizing data analytics and forecasting tools can help companies predict demand and optimize their supply chain operations.
Companies need to work closely with suppliers to ensure they are using sustainable and ethical sources to keep up with consumer trends and ESG regulations.Sourcing is a crucial step in the supply chain where sustainability must be prioritized. Many traditional skincare product ingredients are unfortunately coming from unsustainable sources, leading to deforestation, habitat destruction, and pollution.
This process enables suppliers to place their products on the shelves of a retail store and the store does not own the products until they are sold. This helps manage cash flow and On this Father's Day, be sure to plan ahead and order early for on-time delivery. Remember, it's the thought and effort that matter the most, so choose your gifts with love and sustainability in mind.
SAP Supply Chain ESG Regulations Shopping Trends Consumer Spending Eco-Friendly Retail Inventory Management
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