Nimble fulfilment options become increasingly popular for retail industry leads
In an ever-competitive market streamlining the supply chain and getting products to customers faster should be top priority for any retailer.
Micro Fulfilment centers present a great opportunity to do so. These small-scale warehouses are generally located closer to consumers, often within city limits, and are designed to handle online orders for same-day or next-day delivery.
One company that is embracing this concept is Vicinity Centres, an Australian retail property group that owns and manages shopping centers across the country.
They are using their existing shopping centers as locations for micro fulfillment centers, which allows them to make the most of their existing infrastructure while also providing a new service to retailers.
This clever idea is beneficial for traditional retail customers as well. With the use of micro fulfilment centers, retailers are able to offer a wider range of products, as well as faster delivery times. This means that customers can enjoy a more convenient shopping experience, with the ability to order products online and have them delivered to their door quickly. Additionally, these centers are also able to handle online returns, which helps to reduce the amount of time customers spend on the return process.
Overall, micro fulfilment centers are changing the way we look at shopping centers, delivery services and the retail experience on the whole.
By embracing this new concept, retailers are getting products to customers faster while also providing a new service to the traditional retail customer.
The future of retail is moving towards this model with Vicinity Centres committed to utilising the idea to share unique experiences that enhance the point of sale and delivery experience into the future.
Ben Watson explains the potential and future of the space ahead of the Unified Summit 2023 which will unpack the best of Technology, Supply Chain and Retail at Federation Square in Melbourne on February 21st 2023.
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