On February 26, 2019, Walmart revealed changes to their On-Time In Full (OTIF) requirements to suppliers at the Walmart Supplier Summit. Our Retail Consolidation team at Prime Distribution Services, An Ascent Global Logistics Company, would like to share details of Walmart’s new OTIF update highlighted during this year’s Walmart Supplier Summit.
Last month, our Retail Consolidation team at Prime Distribution Services, An Ascent Global Logistics Company, had the opportunity to attend the Private Label Manufacturers Association (PLMA) Trade Show. While attending, our team members viewed over 2,000 booths and spoke with many private label suppliers about their delivery challenges to big box retailers.
We are very proud to announce Michael Smith as the newest member of our Retail Consolidation team! Michael recently joined our Retail Consolidation team as the Vice President of Transportation at Prime Distribution Services, An Ascent Global Logistics Company.
This week Walmart held its annual Supplier Growth Forum in Bentonville, Arkansas. During the event, the big-box retailer announced changes to its OTIF (On Time In Full) program which stands to directly impact Walmart suppliers. During the summit, Walmart announced new thresholds for supplier delivery requirements, which will take effect in April 2018.
As 2017 closes and another New Year approaches, our team has worked to compile a list of things shippers should be planning for in 2018.Looking back at 2017, the freight market continued to recover and pick up speed from the 2015 freight recession. The improving economy and on-going driver shortage combined with natural disasters and regulatory changes were some of the largest driving forces for the market changes. Ocean carrier consolidation continued and attention turned to the hot topic of free trade as well as the trade imbalance. As far as big-box retail logistics, the world's powerhouse brands continued to place more emphasis on delivery compliance by shortening must-arrive by dates and holding suppliers accountable financially.
This. Just. In.Our Supplier Delivery Summit on Wednesday, August 30, 2017 at 9:30am will now immediately follow a related session - the 2017 WalStreet Speaker Series - OTIF (On Time In Full) - by the Greater Bentonville Area Chamber of Commerce .
In case you missed it, Walmart is changing its delivery requirements this month. If you aren't aware of the changes or still fine tuning your plan for success, you do not want to miss our upcoming Supplier Delivery Summit in Bentonville.
Retail logistics requirements are constantly evolving and this year is no exception. In case you missed it, Walmart suppliers will be held accountable to new delivery expectations this August.