The world’s largest retailer has high expectations for on-time delivery. As of Sept. 15, Walmart is requiring suppliers to achieve 98% on-time and in-full (OTIF) delivery. Noncompliance incurs a 3% fine. Previously, Walmart required 70% OTIF for less-than-truckload (LTL) carriers and 87% for truckload carriers.
Walmart is not alone. In response to consumers’ urgent demands for stocked shelves, several other retailers have similar requirements of suppliers and consumer packaged goods (CPG)...
Peak season is upon us. Amazon moved its annual Prime Day to Oct. 13 and 14 and is actively hiring 100,000 logistics and fulfillment workers. FedEx ramped up its seasonal hiring of 70,000 workers, 27% more than last year, while UPS is cushioning its workforce with the usual 100,000 seasonal employees.
But in September, the Logistics Managers’ Index (LMI) revealed new lows for transportation capacity, especially for “downstream firms,” representing the consumer-facing businesses that are...
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A recent webinar hosted by Illinois-based RJW Logistics Group addressed what so many panicked shoppers discovered at retail stores across the country this spring and summer: empty shelves and inventory shortages. If a brand was out of stock, the consumer had no choice but to buy another brand — and perhaps stockpile it.
In response to these supply chain disruptions and low in-stocks, Walmart released a memo Sept. 1 telling its suppliers that shipments must achieve 98% on-time and in-full (OTIF)...
The Beast of Bentonville has sent a clear message to its U.S. inbound delivery network: Effective today, it’s shape up or pay out.
As of Tuesday, suppliers who pay the freight charges for shipping to Walmart Inc.’s (NYSE:WMT) U.S. distribution centers (DCs) must fulfill orders exactly as Walmart wants, hit the company’s “must arrive by” date at the designated DC, and accomplish both at least 98% of the time or face a fine equal to 3% of the cost of goods sold. The directive applies to purchase...