Over the past year, retailers have become incredibly creative in addressing their supply chain issues. Unfortunately, a better procurement process, new capacity providers and automation can only go so far as many of these retailers are seeing unprecedented growth pushing their supply chain operations to its limits.
In order to get a step closer to their distribution operations, many large retailers have taken steps this year to take full control of their supply chain. Some have bought their logistics providers, like American Eagle Outfitters, while others have bought their manufacturers, like Hershey Co., giving them a chance to build a more agile supply chain that happens to generate revenue as well.
Home Depot has recently taken these steps by chartering its own container ships but also taking over shipping responsibilities from its vendors. In this episode, co-founder and co-CEO of digital freight brokerage Loadsmart joins us to talk about how Home Depot is pulling off this and how his company has worked to create tools for them to handle its new endeavor.
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