Cost Plus World Markets expands GT Nexus-powered global supply chain operating platform
Oakland, Calif. GT Nexus announced that Cost Plus World Market has successfully expanded its use of the GT Nexus global supply chain operating platform to include functions that allow the retailer to comply with the new U.S. Customs and Border Protection’s Importer Security Filing (ISF) rule, which came into full effect on Jan. 26.
The ISF rule — also known as the “10+2 rule” — requires all U.S. importers to electronically submit containerized shipment details before ocean vessels depart the origin port. Importers that fail to comply with the rule face fines and/or costly supply chain delays.
GT Nexus has served as the retailer’s global trade and logistics operating platform for the past several years. The platform serves as a central data repository for purchase orders, shipments, inventory, events, documents, and supply chain costs. While originally deployed to provide global supply chain visibility and control, the system also captures and standardizes the very information elements that U.S. Customs requires for ISF compliance.
“The new U.S. Customs ISF rule has the potential to seriously disrupt import supply chains,” said Jeff Turner, executive VP operations and CIO at Cost Plus World Market, which operates more than 260 stores in 20 states. “With GT Nexus, we had the difficult task of collecting timely and accurate inventory information already done. When the ISF rule took effect in January, we were already in compliance with an automated system.”
The Advanced ISF solution in use at Cost Plus gathers data from digitized purchase orders, vendor documents, and origin processes. The system then auto-populates an ISF compliance form with the right information. Users at Cost Plus then review the data and submit it directly to U.S. Customs at the click of a button.
The entire platform is provided to Cost Plus as an on-demand service over the Web. The GT Nexus platform connects Cost Plus with its network of carriers, suppliers, 3PLs and brokers, which, in turn, allows operational data to be captured and standardized in a central repository. A suite of Web applications provides Cost Plus with visibility, transportation management, document automation, supplier enablement, and ISF capabilities.
Belgian supermarket Colruyt plans 70-store expansion
Brussels Belgian retailer Colruyt said it sees a potential to open 70 more of its Colruyt supermarkets in coming years, its chairman told a Belgian newspaper.
Jef Colruyt said in an interview with Belgian business daily L’Echo that the group planned to open 17 shops in Belgium this year — five Colruyt supermarkets, eight OKay corner stores and three Dreamland toy shops.
“In the long run, we have a list of 70 possible locations for Colruyt [supermarkets],” Jef Colruyt told the newspaper. “If we could open 40 to 50 at four to five per year that would be good.”
He added that the group believed it could increase its number of OKay corner stores to 170 from 65 now and could add about 80 more shops to its network of 260 Spar stores.
In France, Colruyt planned to open 10 new stores per year, the group’s chairman said.
“As for other countries, the Netherlands is on ice, but we will study the possibilities in Eastern Europe. But one should not expect anything in the next two years,” he said.
By the end of December 2009, the Belgian retail business consisted of 214 Colruyt, 63 OKay and six Bio-Planet stores for food and of 38 non-food stores of the DreamLand Group. The activities in France comprised 48 owned stores.
Dybvad promoted to CEO of Interbrand Design Forum
Dayton, Ohio Interbrand Design Forum said Friday that founder Lee Carpenter has promoted current president and COO Bruce Dybvad to CEO.
Carpenter, who has served as the design consultancy’s CEO since its founding in 1978, will now focus solely on his role as CEO of Interbrand North America, a position he has held since 2006.
Dybvad joined Interbrand Design Forum in 1980 and was named president in 1998. He added the additional role of president of Interbrand Cincinnati in 2006.
Carpenter will continue to shape the strategy and growth of Interbrand across North America, which in addition to Interbrand Design Forum’s offices in Dayton, Ohio, and Los Angeles, includes Interbrand offices in New York, San Francisco, Cincinnati, Toronto and Mexico City.