The transition will help move inventory trapped in closed stores and hedge against any changes in local regulations that could shut down fulfillment centers not shipping essential goods.
What happened
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Why it matters
Many earnings calls have been somber since retailers began closing entire store fleets to stop the spread of COVID-19. Meanwhile, Levi's call sounded more like a pre-battle speech from a wartime general.
"We've seen it all: the Great Depression, two world wars, earthquakes, fires and yes even the 1918 flu pandemic. Not only did we pull through all of these, we use crises to galvanize a path forward and we will do it again," Bergh said.
Levi's global footprint and supply chain will grant the company needed agility during the coronavirus challenge, according to the CEO. "Our global diversified supply chain is agile enough to enable us to wisely manage inventory and to maximize our opportunity for working capital efficiency," he said.
This news brief is based on reporting published by Supply Chain Dive on 2020-04-08. The original report is linked below.
Supply Chain Dive
https://www.supplychaindive.com/news/coronavirus-levis-ecommerce-fulfillment/575704/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
