Experts Talk Supply Chain, Consumer Spending Insights and More at Sourcing Journal’s Fall Summit

Supply chain challenges, inflationary pressures and recession fears are top of mind for many industry executives. From shuffling logistic strategies, start-up struggles, and consumer insights, leading industry experts shared their insights across all facets of the business at Sourcing Journal’s Fall Summit on Tuesday. Here are the top three takeaways from yesterday’s summit. Now is the time to reimagine the supply chain Shekar Natarajan, chief supply chain officer and EVP at American Eagle Outfitters Inc., spoke about how rising costs and shipping delays, along with the December acquisition of Quiet Logistics, convinced the company to reimagine its supply chain. “It no longer made sense to have one central distribution center in the middle of the country when the majority of its brick-and-mortar stores and web customers were along the two coasts,” Natarajan said. The company utilized Quiet Logistics’ in-market network of fulfillment centers and moved to a new strategy of decentralization — having more facilities closer to population centers. The result: Natarajan said this move increased the company’s delivery expenses by 300 basis points, while industry wide this cost went up by 700 basis points. Natarajan also noted that American Eagle can now deliver stock to its stores 80% faster than before. “A

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