Supply Chain Challenges Follow Evolution, Disruption In The Retail Industry

The retail industry is undergoing an evolution and the supply chain, the backbone that holds up the important sector, also faces turmoil and challenges, according Colby Beland, vice president of sales and marketing for Fayetteville-based Casestack.

Beland was one of three panelists who spoke about the challenges during the “Location Matters in Global Economy” conference held Monday (Nov. 6) in Fayetteville. The conference also featured economists from several districts of the Federal Reserve Bank as well as officers from the Global Interdependence Center that co-sponsored the day-long event with the University of Arkansas.

Beland described a supply chain facing a substantial reduction in transportation capacity in the next couple of years which has already increased shipping costs up to 20% since the recent hurricanes that hit the southeastern part of the U.S.    MORE

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