Bed Bath & Beyond taps Ryder in bid to speed replenishment times
Bed Bath & Beyond announced a partnership with Ryder to develop and operate two regional distribution centers. The partnership is part of the retailer's $250 million supply chain turnaround. Bed Bath & Beyond began a request for proposal process in 2020, as it sought to modernize its supply chain, reform its inventory model and speed replenishment times.
"It makes both financial and partnership sense to use someone's capabilities as opposed to trying to build them yourself," COO John Hartmann claimed.
Bed Bath & Beyond isn't tasking Ryder to reinvent the wheel on logistics and supply chain management. In fact, Hartmann previously described the retailer's approach as a "common-sense model" for retail supply chains, with distribution centers and visibility via a control tower.
The two distribution centers Ryder will operate are strategically located near dense population hubs on the two coasts and will allow inventory to quickly reach store locations.