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RapidRatings, Illinois State Black Chamber of Commerce, and JPMorgan Chase Team to Strengthen Diverse Businesses Across Chicago

RapidRatings Appoints Supply Chain Industry Veteran, Bob Burns, as Managing Director, Supply Chain Solutions

RapidRatings Appoints Supply Chain Industry Veteran, Bob Burns, as Managing Director, Supply Chain Solutions
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Supply chains were made to be broken Will the industry fix them?

What s next for Destination XL after last year s calamity in menswear?

What s next for Destination XL after last year s calamity in menswear? The big-and-tall specialist s sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil. Published May 4, 2021 Daphne Howland/Retail Dive By the first week of February 2020, warning lights were flashing for executives of big-and-tall apparel seller Destination XL Group. CEO Harvey Kanter had seen the effects of the SARS outbreak in Southeast Asia and other countries nearly two decades ago. As a new coronavirus outbreak began last year, Kanter could see signals of a major event building as he spoke with overseas business contacts. 

Retail supply chain | Retail Dive

Stores are open, but vendors face longer payment terms and financial uncertainty. By: Ben Unglesbee The retail supply chain, like the retail industry itself, has gone through a dramatic period of stress since March 2020. The early months of the COVID-19 crisis brought ubiquitous order cancellations. Almost as pervasive were retailers efforts to push out payments for shipments. In turn the cash flow crisis in retail hit suppliers just as hard. Businesses furloughed employees, negotiated with landlords and other vendors, and wondered if they would be able to stay in business, just as retailers did. By summer stores had reopened in most areas and orders were coming in which is crucial for both retailers and vendors  but suppliers financial woes persisted. 

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