
The biggest home improvement retailer in the world, US-based Home Depot, has attributed record sales in Q2 2018 to the dedicated work of its procurement and supply chain professionals.
The company posted sales of $30.5bn for Q2 this year, a rise of 8.4% over the same period last year. Confirming the company’s great happiness with its record-breaking second-quarter sales and earnings, CEO Chris Menear said business not only sprang back from Q1 results but went beyond all expectations.
He added: “These results exemplify the outstanding execution of our combined team of store associates, merchants, suppliers and supply chain.” Employees occupying supply chain jobs and procurement jobs at Home Depot, he continued, had helped the firm to navigate a sudden demand in May, which he described as by no means easy.
Menear went on to explain that Home Depot’s ability to provide the best in class shopping experience involved considerably more than just its digital properties and physical store assets. Ongoing investment to enhance delivery and fulfilment choices for customers, and the efforts the firm makes in supply chain management were equally crucial areas of focus. The company is continuing to unveil novel delivery options, he added.
Forbes attributes Home Depot’s impressive growth to investment in its supply chain, which of course includes supply chain jobs. As any supply chain recruitment agency can testify, maintaining an effective supply chain doesn’t just “happen”, it depends on the employment of skilled and knowledgeable professionals.
Forbes notes that Home Depot has, over the last decade, achieved major advances in its upstream supply chain (shifting products to its physical stores and direct fulfilment centres). More recently, the business magazine observed, it had also invested heavily in its downstream supply chain, focused on delivering products to consumers directly.
As part of a new $1.2bn spend for the coming five years, the company plans to open 170 new distribution centres across the United States.
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