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Outsourcing and the Need for Increased Supply Chain Visibility
By Evan Puzey, Kewill
Despite the fact that the supply chain community continues to discuss the nearshoring trend, outsourcing still reigns supreme – and that’s a problem for organizations that don’t have complete visibility into their supply chain.
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Wet Seal closing 338 stores, laying off nearly 3,700 employees
Foothill Ranch, Calif. -- The Wet Seal announced it would 338 stores, or about 66% of its total portfolio, “on or about” Jan. 7, resulting in the termination of some 3,695 full and part-time employees. The struggling teen apparel retailer said the decision to close the stores was based on its overall financial condition and an inability to negotiate meaningful concessions from its landlords.