Company: Hudson bay
Question 8: Supply chain management
What strategies does the company use for managing their supply chain?
Although Hudson Bay utilizes a variety of supply chain management techniques, I would like
to highlight two in particular: technology integration and sustainability initiatives.
Technology Integration:
The term "technology integration" describes the smooth integration
of technological resources, tools, and systems into different organizational or process
components in order to improve results, efficiency, and functionality. It entails using
technology wisely to enhance productivity overall, processes, communication, and data
management.
In order to combat and lessen the impacts of the slow retail industry at the time, which
compelled them to fire 2000 employees in order to save in operational costs, Hudson Bay
moved to digital transformation in 2018.
Sustainability Initiatives:
Hudsons bay has Incorporated sustainability into their supply
chain by limiting waste, using eco-friendly procedures, and procuring items ethically. This
could also be due to a reaction to consumers' increased inclinations toward eco-friendly
goods.
Hudson Bay considers 6 sustainable attributes when evaluating the brands they carry:
Conscientious design
Cruelty free
Ethical sourcing
Giving back
Handcrafted/artisanal
Organic
What practices does the company undertake to mitigate the supply chain risk?
Supplier Relationship Management:
The strong bonds that Hudson Bay has built with its
suppliers have played a major role in their success. The company has kept lines of
communication and collaboration open in order to develop a more responsive and cooperative
supply chain that enables quick problem-solving and minimizes risk.
Diversification of Suppliers:
Hudson bay has a large list of suppliers and relying on a
diverse set of suppliers helps mitigate the risk. The risk of a single supplier experiencing
interruptions is reduced when essential components or goods are sourced from many sources.
Who are their major suppliers?
1754523 Ontario Inc o/a Westex International
Aarthi A1 Home Trends Private Limited Checking Packing Division
Adriste Philippines Inc.
Agile Sweater Co., Ltd
