In March, the paper product isles in the grocery store were empty, you couldn’t find toilet paper, paper towels, Clorox wipes, etc. anywhere. Funny memes aside what people may have missed is the trickle-down effect that this would have on the supply and demand curve. Have you noticed that the grocery shelves still remain light in stock, or even empty? The stock of many products is limited as manufactures shifted their attention to help with COVID-19 by turning their facilities into facemask, hand sanitizers, plastic face coverings and ventilators makers.

Next time you go to the grocery store, take a look at the shelves and you’ll see there is not the stock we once knew. The COVID effects will affect the Supply and Demand curve for the next foreseeable future. Are you ready?

We have all been forced to learn about supply and demand – when there is little supply and the demand is high, it will cause prices to increase. On the other hand, when there is an increase in supply and the demand is low the price will decrease.

Before technology, the supply and demand curve were more predictable to manufactures. The data stay trued for a month, quarter or even a year. However, in today’s world the supply and demand data can change in an instant. Today’s essential item might not be tomorrow’s and manufactures are having to go with the flow of what is in demand today. The only way to be able to ensure you are ready for changing demand is to have an eCommerce platform that can shift just as quickly.

The partners that HCL has aligned with are all working towards the same goal, for our customer to be able to sell quickly and efficiently. When working with HCL and our partners, our customers sites are able to perform on a single Out-of-the-Box platform supporting all routes to market that include:

    • Supports flexible and scalable B2B, B2B2C and B2C business models
    • Provide Governance and Control of Quotes and Approvals
    • Confidently commit delivery dates of complex orders
    • Accelerate the onboarding of new buying organizations
    • Deliver and engaging B2C-like experience in a B2B world
    • Enable buyer to interact anywhere, anytime
    • Quickly enter new markets

We have some great examples of organizations succeeding on our 9.x platform and you can watch their stories here – Follett, GM & DFS Customer Talks.

Reach out to us and we can talk more about how we’re helping our clients navigate this fluid new world with a fast, flexible and scalable platform.

Schedule a consultation

 

 

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Further Reading
Marketing & Commerce | September 2, 2020
A Lot to Like: LiveArea’s Perspective on HCL Commerce and Google Cloud
Bringing HCL Commerce to Google Cloud will enable businesses to maintain their investments in HCL’s commerce platform while also taking advantage of the global reach, security, and elasticity of Google Cloud.
Marketing & Commerce | August 5, 2020
HCL Commerce Right Now
After all the excitement and energy from the HCL Commerce Customer Summit and the launch of version 9.1, which was only a month ago, the pace of innovation by our clients and by HCL is accelerating. To provide some insight, we thought we would share a quick snapshot through the lens of our customers, drawn from our AHA Ideas Portal and our customer support team – and three things stood out.   Cloud native is hot as customers connect the dots between the platform and the value to the business. Customers are clamoring for information, tips, best practices as they seek to adopt its constituent pieces as they work towards becoming a cloud native organization – and that means going beyond commerce. In many cases, HCL Commerce is a catalyst for broader organizational change and they are looking to us for advice as they tread a very new path. Questions around microservices (or business services as we think about them), DevOps and CI/CD, Containers (and supporting technologies like Kubernetes, Google Anthos, etc) are constantly hitting our Support and Advisory Services team.   Adoption of 9.x is accelerating! Not surprising after a great launch event with live demos and deep dives into the benefits - we have a lot of inquiries about the move to 9.1, closely connected to questions around Cloud Native – which of course is the foundational architecture of 9.1. Since the start of 2020, we’ve seen double digit growth in inquiries about 9/9.1, migration paths, timing, organizational approaches and more – companies have clearly seen the value and are in various stages of mapping or executing their moves.   Elasticsearch and search in general – coming out of our launch and announcement of HCL Commerce Search based on the Elasticsearch engine, this has been the single most...
Marketing & Commerce | July 30, 2020
Unleash the Power of Attributes
With HCL Commerce it is possible using the power of attributes as facets to achieve things beyond your customer’s imagination.
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