Target hires Apple exec for global sourcing post
US department store retailer Target Corp has hired Apple executive Ben Cook as its senior vice president of global logistics, inventory allocation and replenishment.
Cook will lead the optimisation of Target's inbound and outbound supply chain processes, including carrier transportation and last-mile delivery. He'll also oversee inventory allocation and replenishment, merchandise planning operations and global logistics when he joins on 24 July.
He brings with him experience in leading a range of supply chain functions, from international transportation and distribution to inventory control and direct-to-customer delivery. He joins Target from Apple where he was director of logistics and supply chain strategy, leading the transformation of logistics to support an omni-channel distribution model.
"Our guests expect us to deliver product quickly and reliably, and that means we need a supply chain that's increasingly fast and precise," says chief supply chain and logistics officer, Arthur Valdez. "Ben's expertise and proven track record in cutting cost and reducing complexity in the name of speed will be an incredible asset to our team. We believe he's the right addition to the work we're doing to strengthen Target's supply chain so we can offer an even faster and simpler guest experience."
In May, Target published first-quarter results that it said reflected an "increasingly volatile consumer environment" as it revealed a 5.4% fall in revenue.